LON:0IZM Cash Flow Statement

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

Millions NOK. 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	363.4	307.73	236.33	270.26	759.89
Depreciation & Amortization, Total	88.3	88.6	83.88	85.44	62.99
Change in Accounts Receivable	-	-1,524	-340.89	-736.92	182.47
Change in Accounts Payable	-	1,512	255.86	693.2	-445.02
Change in Other Net Operating Assets	-	163.45	-105.48	-267.82	75.15
Other Operating Activities	-248.8	34.25	8.16	-103.54	106.79
Operating Cash Flow	202.9	584.14	143.31	-53.11	746.17
Capital Expenditures	-	-13.9	-8.26	-21.18	-32.35
Investment in Securities	-	-0.34	-0.27	2.18	-7.16
Other Investing Activities	-13	0.63	-	-	-0
Investing Cash Flow	-13	-13.61	-8.53	-18.99	-39.51
Short-Term Debt Issued	-	3.56	-	69.97	-
Long-Term Debt Issued	-	-	-	-	0.16
Total Debt Issued	-	3.56	-	69.97	0.16
Short-Term Debt Repaid	-	-	-67.09	-	-
Long-Term Debt Repaid	-	-79.73	-71.77	-62.52	-43.97
Total Debt Repaid	-	-79.73	-138.86	-62.52	-43.97
Net Debt Issued (Repaid)	-	-76.17	-138.86	7.45	-43.81
Issuance of Common Stock	-	28.05	4.24	16.32	34.97
Repurchase of Common Stock	-105.3	-	-57.67	-13.53	-
Common Dividends Paid	-256	-260.31	-248.73	-470.75	-473.27
Other Financing Activities	105.2	-	-	-23.92	-87.38
Financing Cash Flow	-256.1	-308.44	-441.02	-484.42	-569.48
Net Cash Flow	-66.2	262.09	-306.25	-556.52	137.18
Free Cash Flow	202.9	570.25	135.05	-74.29	713.82
Free Cash Flow Growth	-64.42%	322.25%	-	-	-28.02%
Free Cash Flow Margin	9.34%	32.46%	8.57%	-4.54%	24.84%
Free Cash Flow Per Share	0.37	1.00	0.24	-0.13	1.30
Cash Interest Paid	-	158.65	112.65	49.38	28.75
Cash Income Tax Paid	-	84.36	92.99	225.82	168.25

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