Elopak ASA 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	61.56	60.91	67.06	10.86	33.81
Depreciation & Amortization	68.14	51.44	47.32	66.2	52.88
Other Amortization	-	12.94	12.83	-	-
Loss (Gain) From Sale of Assets	0.11	0.06	-0.01	0.14	0.01
Asset Writedown & Restructuring Costs	1.25	2.57	1.19	-	1.22
Loss (Gain) From Sale of Investments	-1.65	1.72	8.63	0.5	0.5
Loss (Gain) on Equity Investments	-6.82	-9.7	-6.86	-4.38	-3.58
Other Operating Activities	29.29	19.18	21.25	34.4	-3.17
Change in Accounts Receivable	0.38	-6.99	-9.28	-10.62	-10.05
Change in Inventory	16.02	-0.75	-6.98	-39.18	-5.58
Change in Accounts Payable	19.77	-15.76	1.77	4.89	3
Change in Other Net Operating Assets	-16.97	23.73	19.49	-24.82	-2.61
Operating Cash Flow	171.08	139.95	155.06	25.09	73.2
Operating Cash Flow Growth	22.24%	-9.75%	517.93%	-65.72%	-29.51%
Capital Expenditures	-85.65	-109.1	-40.77	-43.71	-37.38
Sale of Property, Plant & Equipment	0.01	-	0.12	1.23	0.02
Cash Acquisitions	-	-	-	-88.26	-
Other Investing Activities	4.92	11.59	8.67	4.74	11.14
Investing Cash Flow	-80.73	-97.51	-31.98	-126.01	-26.22
Long-Term Debt Issued	44.36	291.85	1,089	1,178	728.84
Total Debt Issued	44.36	291.85	1,089	1,178	728.84
Long-Term Debt Repaid	-24.7	-270.52	-1,193	-1,050	-795.61
Total Debt Repaid	-24.7	-270.52	-1,193	-1,050	-795.61
Net Debt Issued (Repaid)	19.66	21.33	-103.53	128.08	-66.77
Issuance of Common Stock	-	-	-	-	47.52
Repurchase of Common Stock	-3.34	-1.81	-0.89	-0.24	-
Common Dividends Paid	-43.31	-34.43	-19.63	-19.62	-9.99
Other Financing Activities	-18.38	-15.3	-11.3	-5.66	-1.55
Financing Cash Flow	-45.37	-30.22	-135.35	102.56	-30.78
Foreign Exchange Rate Adjustments	-10.87	2.53	-0.31	-0.02	1.63
Miscellaneous Cash Flow Adjustments	-	-	-0	-	-
Net Cash Flow	34.12	14.74	-12.58	1.62	17.82
Free Cash Flow	85.43	30.85	114.29	-18.62	35.82
Free Cash Flow Growth	176.93%	-73.01%	-	-	-33.29%
Free Cash Flow Margin	7.09%	2.67%	10.10%	-1.82%	4.19%
Free Cash Flow Per Share	0.32	0.12	0.42	-0.07	0.14
Cash Interest Paid	18.38	15.3	11.3	5.66	1.55
Cash Income Tax Paid	25.62	27.3	14.27	13.68	19.12
Levered Free Cash Flow	32.07	-21.54	81.16	9.83	16.05
Unlevered Free Cash Flow	59.41	0.92	93.73	16.44	19.61
Change in Working Capital	19.2	0.23	5	-69.71	-15.25

Source: S&P Global Market Intelligence. Standard template. Financial Sources.