Krka, d. d. Cash Flow Statement

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

Millions EUR. 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	403.24	356.99	313.95	363.3	309.21
Depreciation & Amortization	93.5	92.51	104.59	107.68	108.84
Provision & Write-off of Bad Debts	2.85	-2.2	-3.71	1.88	1.05
Other Operating Activities	60.2	7.8	-62.42	22.53	23.43
Change in Accounts Receivable	-53.84	-41.64	-104.13	63.9	-84.75
Change in Inventory	-21	-52.78	-62.71	-117.95	-22.76
Change in Accounts Payable	3.84	-3.27	24.48	32.82	45.16
Change in Unearned Revenue	-0.3	0.11	-0.5	-0.83	-0.93
Change in Other Net Operating Assets	40.14	3.41	17.71	-5.68	6.84
Operating Cash Flow	528.62	360.93	227.25	467.65	386.1
Operating Cash Flow Growth	46.46%	58.82%	-51.41%	21.12%	7.02%
Capital Expenditures	-91.35	-107.76	-130.02	-87.91	-65.91
Sale of Property, Plant & Equipment	1.33	1.59	2.43	4.95	3.7
Sale (Purchase) of Intangibles	-7	-7.59	-9.19	-6.83	-6.21
Investment in Securities	-21.9	90.25	-176.21	4.16	-134.63
Other Investing Activities	8.64	15.45	14.35	12.59	-7.07
Investing Cash Flow	-191.3	75.09	-343.24	76.41	-372.64
Short-Term Debt Issued	0	-	-	-	-
Total Debt Issued	0	-	-	-	-
Long-Term Debt Repaid	-5.01	-4.19	-4.18	-3.93	-3.52
Total Debt Repaid	-5.01	-4.19	-4.18	-3.93	-3.52
Net Debt Issued (Repaid)	-5	-4.19	-4.18	-3.93	-3.52
Repurchase of Common Stock	-61.56	-25	-13.92	-10.03	-15.26
Common Dividends Paid	-251.96	-230.88	-204.38	-175.04	-155.91
Other Financing Activities	-9.72	-4.47	-7.34	1.97	4.83
Financing Cash Flow	-328.24	-264.55	-229.82	-187.02	-169.85
Foreign Exchange Rate Adjustments	-6.16	-0.6	0.88	2.05	2.66
Net Cash Flow	2.92	170.88	-344.92	359.1	-153.73
Free Cash Flow	437.27	253.17	97.23	379.75	320.18
Free Cash Flow Growth	72.72%	160.38%	-74.40%	18.60%	11.97%
Free Cash Flow Margin	21.42%	13.26%	5.38%	22.11%	20.45%
Free Cash Flow Per Share	14.32	8.22	3.14	12.22	10.27
Cash Interest Paid	9.72	4.47	8.66	4.18	0.37
Cash Income Tax Paid	94.92	34.63	94.1	56.89	64.33
Levered Free Cash Flow	195.98	245.1	-0.94	468.18	72.62
Unlevered Free Cash Flow	195.98	245.4	-0.74	468.97	72.93
Change in Working Capital	-31.16	-94.17	-125.15	-27.74	-56.44

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