Squirrel Media 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	6.06	2.88	10.29	3.54	5.56
Depreciation & Amortization	11.05	2.39	2.89	3.18	0.83
Other Amortization	-	7	4.62	2.7	1.62
Asset Writedown & Restructuring Costs	-	-0.01	1.25	0.65	0.18
Other Operating Activities	-3.27	5.83	1.43	5.77	-0.06
Change in Accounts Receivable	-	-7.82	-13.65	-5.58	0.17
Change in Inventory	-	-0.22	0.24	-0.63	-1.59
Change in Accounts Payable	-	18.03	22.56	2.2	-0.05
Change in Other Net Operating Assets	-	0.71	1.39	-1.52	1.52
Operating Cash Flow	13.84	28.8	31.01	10.3	8.19
Operating Cash Flow Growth	-51.95%	-7.12%	201.04%	25.76%	70.16%
Capital Expenditures	-6.85	-40.31	-21.18	-22.79	-11.74
Cash Acquisitions	-1.35	-7.59	-	-	-
Investment in Securities	5.78	1.44	-7.8	-11.04	-2.32
Other Investing Activities	-	-	1.1	0.51	0.96
Investing Cash Flow	-2.42	-46.46	-27.88	-33.31	-13.1
Long-Term Debt Issued	13.25	32.07	10.95	23.41	4.75
Total Debt Issued	13.25	32.07	10.95	23.41	4.75
Long-Term Debt Repaid	-21.9	-18.99	-11.7	-8.71	-3.12
Total Debt Repaid	-21.9	-18.99	-11.7	-8.71	-3.12
Net Debt Issued (Repaid)	-8.65	13.08	-0.75	14.7	1.63
Issuance of Common Stock	-	-	5.1	10	-
Other Financing Activities	-	-0.64	2.66	-0.47	-0.23
Financing Cash Flow	-8.65	12.44	7.01	24.23	1.39
Foreign Exchange Rate Adjustments	-0.22	0.1	-	-	-
Net Cash Flow	2.54	-5.12	10.13	1.22	-3.52
Free Cash Flow	6.99	-11.51	9.83	-12.49	-3.55
Free Cash Flow Margin	2.87%	-7.97%	7.58%	-15.78%	-5.07%
Free Cash Flow Per Share	0.07	-0.13	0.11	-0.14	-0.04
Cash Interest Paid	3.6	2.82	1.86	0.41	0.23
Cash Income Tax Paid	2.66	1.5	2.04	0.85	0.09
Levered Free Cash Flow	18.44	-18.24	10.11	-12.51	5.7
Unlevered Free Cash Flow	20.55	-16.48	11.27	-11.81	5.84
Change in Working Capital	-	10.71	10.54	-5.53	0.05

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