Harboes Bryggeri Cash Flow Statement

Financials in millions DKK. Fiscal year is May - April.

Millions DKK. Fiscal year is May - Apr.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct '25 Oct 31, 2025	Apr '25 Apr 30, 2025	Apr '24 Apr 30, 2024	Apr '23 Apr 30, 2023	Apr '22 Apr 30, 2022	Apr '21 Apr 30, 2021
Net Income	29.9	44.8	54.76	-4.31	0.04	5.21
Depreciation & Amortization	80.39	78.47	80.69	86.06	91.37	88.12
Other Amortization	0.2	0.2	0.22	0.89	3.7	3.34
Loss (Gain) From Sale of Assets	-8.06	-7.2	-0.99	-	0.03	3.33
Asset Writedown & Restructuring Costs	-	-	-	1.12	4.71	2.96
Other Operating Activities	-8.03	-5.38	7.36	-14.8	-21.96	-14.5
Change in Accounts Receivable	-	-	-	-	-40.97	2.23
Change in Inventory	-	-	-	-	-20.2	29.78
Change in Accounts Payable	-	-	-	-	40.69	-47.05
Change in Other Net Operating Assets	-17.3	-24.77	39.97	-127.4	37.16	-56.16
Operating Cash Flow	77.1	86.12	182.01	-58.79	100.13	21.41
Operating Cash Flow Growth	-37.45%	-52.68%	-	-	367.70%	-85.86%
Capital Expenditures	-85.29	-115.71	-117.72	-61.52	-49.45	-45.4
Sale of Property, Plant & Equipment	15.96	16.11	2.2	3.63	0.21	9.54
Sale (Purchase) of Intangibles	-	-	-	-	-1.22	-0.76
Investment in Securities	-	-	-	0.82	3.31	0.36
Other Investing Activities	-	-	-	-	0.03	-
Investing Cash Flow	-69.34	-99.59	-115.52	-57.07	-47.12	-36.26
Long-Term Debt Issued	-	49.92	-	94.83	2.72	12.87
Long-Term Debt Repaid	-	-30.75	-42.78	-15.99	-26.11	-27.05
Net Debt Issued (Repaid)	-36.94	19.17	-42.78	78.84	-23.38	-14.18
Common Dividends Paid	-8.45	-8.45	-	-	-	-
Other Financing Activities	-0	-	-	-	-	-
Financing Cash Flow	-45.39	10.73	-42.78	78.84	-23.38	-14.18
Miscellaneous Cash Flow Adjustments	0.02	0.06	0.05	0.29	-0.18	-0.28
Net Cash Flow	-37.61	-2.69	23.77	-36.73	29.45	-29.3
Free Cash Flow	-8.19	-29.59	64.29	-120.3	50.68	-23.99
Free Cash Flow Margin	-0.47%	-1.62%	3.54%	-7.42%	3.57%	-1.81%
Free Cash Flow Per Share	-1.94	-7.01	15.22	-28.49	12.00	-5.68
Cash Interest Paid	10.43	9.49	9.74	7.51	5.12	6.56
Cash Income Tax Paid	12.7	14.69	3.59	6.53	11.93	8.07
Levered Free Cash Flow	26.26	2.13	53.93	-117.6	40.73	-18.51
Unlevered Free Cash Flow	32.77	8.06	60.02	-112.91	43.92	-14.42
Change in Working Capital	-17.3	-24.77	39.97	-127.4	16.68	-71.19

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