Novem Group Cash Flow Statement

Financials in millions EUR. Fiscal year is April - March.

Millions EUR. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Net Income	19.73	11.13	34.78	49.98	43.97	9.74
Depreciation & Amortization	31.2	31.9	32.68	32.18	30.63	30.87
Other Amortization	0.23	0.23	0.27	0.27	0.22	0.07
Loss (Gain) From Sale of Assets	0.01	0.01	0.08	0.07	0.02	0.14
Asset Writedown & Restructuring Costs	-	-	0.71	0.01	0.52	-
Other Operating Activities	15.9	10.6	7.67	5	21.36	45.63
Change in Accounts Receivable	14.35	3.15	2.12	-9.44	19.97	8.87
Change in Inventory	1.1	4	18.51	13.2	-30.74	5.36
Change in Accounts Payable	-27.5	-0.2	-14.15	-10.05	8.16	4.01
Change in Other Net Operating Assets	6.16	-24.54	-17.83	11.84	-3.46	2.39
Operating Cash Flow	73.35	41.35	63.77	98.33	80.54	105.51
Operating Cash Flow Growth	97.85%	-35.16%	-35.14%	22.09%	-23.67%	1.01%
Capital Expenditures	-11.88	-16.68	-14.89	-17.65	-18.15	-18.12
Sale of Property, Plant & Equipment	0.1	0	0.2	0.8	0.01	0.03
Sale (Purchase) of Intangibles	-0.44	-0.84	-1.2	-0.29	-0.44	-0.9
Other Investing Activities	3.87	4.67	5.87	3.36	3.1	3.23
Investing Cash Flow	-8.35	-12.85	-10.02	-13.78	-15.49	-15.77
Long-Term Debt Issued	-	-	-	-	247.65	-
Long-Term Debt Repaid	-	-1.99	-11.37	-9.8	-408.37	-87.56
Total Debt Repaid	-10.39	-1.99	-11.37	-9.8	-408.37	-87.56
Net Debt Issued (Repaid)	-11.19	-1.99	-11.37	-9.8	-160.72	-87.56
Issuance of Common Stock	-	-	-	-	48.83	-
Common Dividends Paid	-	-	-49.49	-17.21	-	-
Other Financing Activities	-13.31	-16.71	-16.9	-8.54	-13	-23.14
Financing Cash Flow	-24.5	-18.7	-77.76	-35.55	-124.89	-110.7
Foreign Exchange Rate Adjustments	-1.02	-1.22	0.04	-0.49	1.51	0.09
Miscellaneous Cash Flow Adjustments	-	-	-	-0	-	-
Net Cash Flow	39.48	8.58	-23.96	48.51	-58.33	-20.87
Free Cash Flow	61.46	24.66	48.89	80.68	62.39	87.38
Free Cash Flow Growth	178.29%	-49.55%	-39.41%	29.32%	-28.60%	6.39%
Free Cash Flow Margin	12.04%	4.55%	7.69%	11.52%	10.15%	14.50%
Free Cash Flow Per Share	1.39	0.57	1.14	1.88	1.48	43.98
Cash Interest Paid	13.31	16.71	16.9	8.53	12.99	23.14
Cash Income Tax Paid	2.55	22.95	24.49	8.72	17.33	19.53
Levered Free Cash Flow	45.79	17.42	27.69	61.51	35.24	39.46
Unlevered Free Cash Flow	49.97	29.6	39.73	67.68	47.13	70.43
Change in Working Capital	6.29	-12.51	-12.42	10.8	-16.19	19.07

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