ICE:SFS.B Cash Flow Statement

Financials in millions ISK. Fiscal year is January - December.

Millions ISK. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	1,086	871.76	791.71	549.39	233.48
Depreciation & Amortization	567.04	549.57	572.9	488.72	481.25
Loss (Gain) From Sale of Assets	-51.68	-1.15	-10.96	-14.9	-70.31
Other Operating Activities	67.11	162.3	318.1	345.13	180.32
Change in Inventory	342.11	-428.06	314.72	-501.09	44.99
Change in Other Net Operating Assets	100.42	31.91	-645.66	536.68	6.94
Operating Cash Flow	2,111	1,186	1,341	1,404	876.68
Operating Cash Flow Growth	77.91%	-11.52%	-4.50%	60.14%	-
Capital Expenditures	-691.74	-575.19	-513.26	-581.22	-397.51
Sale of Property, Plant & Equipment	66.32	11.77	20.19	26.41	130.66
Investment in Securities	-	-	-	-33.19	-
Other Investing Activities	45.62	9.4	-107.53	1.38	-
Investing Cash Flow	-579.8	-554.02	-600.6	-586.62	-266.85
Short-Term Debt Issued	-	-	-	22.01	-
Long-Term Debt Issued	-	-	-	-	1,200
Total Debt Issued	-	-	-	22.01	1,200
Short-Term Debt Repaid	-	-	-22.01	-	-378.66
Long-Term Debt Repaid	-66.92	-1,012	-119.44	-105.52	-872.79
Total Debt Repaid	-66.92	-1,012	-141.44	-105.52	-1,251
Net Debt Issued (Repaid)	-66.92	-1,012	-141.44	-83.51	-51.45
Issuance of Common Stock	16.54	17.12	14.95	13.45	9.91
Repurchase of Common Stock	-	-	-	-	-14.09
Common Dividends Paid	-26.83	-32.43	-34.83	-26.72	-
Other Financing Activities	-3.04	-6.31	15.31	-15.04	-
Financing Cash Flow	-80.24	-1,033	-146.01	-111.83	-55.62
Foreign Exchange Rate Adjustments	16.96	3.87	-7.59	-13.09	-6.5
Miscellaneous Cash Flow Adjustments	0	-	-	-	-
Net Cash Flow	1,467	-396.94	586.61	692.4	547.71
Free Cash Flow	1,419	611.14	827.55	822.72	479.17
Free Cash Flow Growth	132.16%	-26.15%	0.59%	71.70%	-
Free Cash Flow Margin	7.27%	3.42%	4.78%	5.19%	3.64%
Free Cash Flow Per Share	2.21	1.03	1.48	1.53	0.90
Cash Interest Paid	157.22	147.53	161.38	141.86	151.07
Cash Income Tax Paid	221.79	151.89	90.13	10.57	-
Levered Free Cash Flow	998.37	245.22	216.54	473.83	269.08
Unlevered Free Cash Flow	1,127	409.98	455.2	713.53	441.67
Change in Working Capital	442.53	-396.16	-330.94	35.59	51.93

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.