BioGaia AB Cash Flow Statement

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

Millions SEK. 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	332.76	351.39	365.35	373.77	196.27
Depreciation & Amortization	24.67	25.55	25.28	23.34	20.78
Other Amortization	-	-	-	2.24	2.24
Asset Writedown & Restructuring Costs	-	51.15	-	-1.69	4.23
Other Operating Activities	-7.94	-5.15	36.44	-74.08	0.51
Change in Accounts Receivable	-	-85.65	3.75	-12.4	-17.97
Change in Inventory	-	31.77	-40.89	-34.13	9.82
Change in Accounts Payable	-	-1.22	17.71	-12.37	-6.15
Change in Other Net Operating Assets	-42.92	5.38	18.31	54.26	12.15
Operating Cash Flow	306.57	373.22	425.97	318.94	221.88
Operating Cash Flow Growth	-17.86%	-12.38%	33.55%	43.75%	0.28%
Capital Expenditures	-3.52	-13.76	-48.57	-17.92	-6.38
Sale of Property, Plant & Equipment	0.26	0.08	-	-	-
Cash Acquisitions	-	-	-	-	-98.36
Sale (Purchase) of Intangibles	-0.08	-0.4	-0.15	-0.23	-
Investment in Securities	-	-	-2.22	-	-22.23
Investing Cash Flow	-3.34	-14.07	-50.94	-18.14	-126.97
Long-Term Debt Repaid	-6.85	-9.36	-10.76	-9.14	-14.7
Net Debt Issued (Repaid)	-6.85	-9.36	-10.76	-9.14	-14.7
Issuance of Common Stock	-	20.82	-	-	-
Common Dividends Paid	-698.02	-191.87	-146.43	-73.57	-68.87
Other Financing Activities	-5	-4.4	-4.82	-3.11	1.73
Financing Cash Flow	-709.87	-689.72	-308.42	-313.59	-81.85
Foreign Exchange Rate Adjustments	-16.03	10.37	-10.78	16.47	3.74
Net Cash Flow	-422.67	-320.21	55.83	3.69	16.8
Free Cash Flow	303.04	359.46	377.4	301.03	215.5
Free Cash Flow Growth	-15.70%	-4.75%	25.37%	39.69%	5.03%
Free Cash Flow Margin	19.70%	25.27%	29.11%	27.27%	27.45%
Free Cash Flow Per Share	3.00	3.56	3.74	2.98	2.13
Cash Interest Paid	-	1.45	0.79	5.39	1.13
Cash Income Tax Paid	-	111.51	80.29	54.91	55.93
Levered Free Cash Flow	242.05	254.52	263.55	198.36	118.28
Unlevered Free Cash Flow	247.33	255.42	264.05	201.73	118.99
Change in Working Capital	-42.92	-49.72	-1.11	-4.64	-2.15

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