Dovre Group 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	-53.46	-8.27	4.06	5.15	3.67
Depreciation & Amortization	29.02	0.7	0.98	0.99	0.81
Other Amortization	-	-	-	0.01	0.05
Asset Writedown & Restructuring Costs	3.27	-	-	-	-
Other Operating Activities	-10.45	-14.54	0.13	0.99	1.35
Change in Accounts Receivable	3.8	-6.99	-1.9	-11.61	-18.43
Change in Inventory	-1.5	0.53	-5.31	-0.86	-0.67
Change in Accounts Payable	28.62	13.59	2.64	7.89	15.56
Change in Other Net Operating Assets	-1.9	10.58	-0.45	-	-
Operating Cash Flow	26.84	0.94	0.15	2.55	2.33
Operating Cash Flow Growth	2743.33%	533.56%	-94.16%	9.39%	-45.05%
Capital Expenditures	-0.54	-0.34	-0.17	-0.18	-0.13
Cash Acquisitions	-7.2	-	-	-	-2.48
Investment in Securities	-	-1	-	-	-
Other Investing Activities	-	-0.02	-	-	-
Investing Cash Flow	-7.74	-1.36	-0.17	-0.18	-2.61
Short-Term Debt Issued	-	7.91	-	-	1.68
Long-Term Debt Issued	-	-	-	0.49	2
Total Debt Issued	-	7.91	-	0.49	3.68
Short-Term Debt Repaid	-8.23	-	-1.32	-0.03	-0.61
Long-Term Debt Repaid	-0.74	-0.62	-1.66	-1.04	-1.15
Total Debt Repaid	-8.97	-0.62	-2.98	-1.07	-1.75
Net Debt Issued (Repaid)	-8.97	7.29	-2.98	-0.58	1.93
Common Dividends Paid	-3.19	-2.11	-	-	-1.06
Other Financing Activities	-0	-2.9	-	-0.02	0
Financing Cash Flow	-12.16	2.27	-2.98	-0.6	0.87
Foreign Exchange Rate Adjustments	-0.39	0.05	-0.32	-0.05	0.36
Miscellaneous Cash Flow Adjustments	0	-	-	-	0
Net Cash Flow	6.56	1.91	-3.32	1.73	0.96
Free Cash Flow	26.3	0.6	-0.02	2.38	2.2
Free Cash Flow Growth	4276.04%	-	-	7.95%	-48.04%
Free Cash Flow Margin	28.63%	0.60%	-0.03%	1.17%	1.54%
Free Cash Flow Per Share	0.25	0.01	-	0.02	0.02
Cash Interest Paid	0.31	0.33	0.4	0.28	0.21
Cash Income Tax Paid	-0.09	0.13	2.17	1.23	0.57
Levered Free Cash Flow	70.13	-19.15	-4.03	0.37	2.52
Unlevered Free Cash Flow	71.8	-18.56	-3.61	1.12	2.82
Change in Working Capital	29.02	17.72	-5.03	-4.58	-3.54

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