Faes Farma Cash Flow Statement

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	111.36	91.9	89.5	82.39	72.55
Depreciation & Amortization	19.28	18.42	18.46	16.53	14.28
Other Amortization	1.03	0.97	0.82	0.72	0.55
Loss (Gain) From Sale of Assets	1.5	0.27	0.44	0.22	-
Asset Writedown & Restructuring Costs	0.36	0.07	-	3.4	5.54
Loss (Gain) From Sale of Investments	-	-	-	0.05	0.13
Stock-Based Compensation	0.75	0.77	0.15	-	-
Provision & Write-off of Bad Debts	1.26	0.61	-0.11	0.33	-0.03
Other Operating Activities	-12.2	4.92	8.8	2.91	15.01
Change in Accounts Receivable	-8.03	0.94	-1.1	-3.8	-11.38
Change in Inventory	-13.49	-13.26	-8.8	-10.83	-20.85
Change in Accounts Payable	16.12	-1.43	1.18	-6.86	4.67
Change in Other Net Operating Assets	-2.49	-3.22	-2.28	-5.42	-1.97
Operating Cash Flow	115.47	100.97	107.04	79.65	78.49
Operating Cash Flow Growth	14.36%	-5.67%	34.40%	1.47%	16.13%
Capital Expenditures	-33.81	-95.76	-75.22	-51.49	-20.21
Sale of Property, Plant & Equipment	-	-	7.2	0.4	0.39
Cash Acquisitions	-	-4.55	-	-22.62	-
Sale (Purchase) of Intangibles	-5.71	-6.43	-5.73	-7.93	-5.51
Investment in Securities	5.34	9.38	-18.68	-1.88	-0.6
Other Investing Activities	-	-	-	0.02	0.16
Investing Cash Flow	-34.18	-97.36	-92.43	-83.49	-25.78
Long-Term Debt Issued	-	0.26	2.31	-	-
Long-Term Debt Repaid	-3.47	-3.34	-2.63	-3.4	-2.71
Net Debt Issued (Repaid)	-3.47	-3.08	-0.31	-3.4	-2.71
Repurchase of Common Stock	-	-17.69	-	-	-0.09
Common Dividends Paid	-48.24	-14.61	-18.15	-4.93	-4.24
Financing Cash Flow	-51.71	-35.38	-18.46	-17.12	-14.35
Net Cash Flow	29.58	-31.76	-3.84	-20.96	38.36
Free Cash Flow	81.65	5.21	31.83	28.16	58.28
Free Cash Flow Growth	1468.46%	-83.64%	13.04%	-51.69%	15.15%
Free Cash Flow Margin	16.01%	1.10%	6.89%	6.57%	14.16%
Free Cash Flow Per Share	0.26	0.02	0.10	0.09	0.20
Cash Interest Paid	0.43	0.38	0.26	-	0.27
Cash Income Tax Paid	12.48	8.74	7.13	9.22	5.69
Levered Free Cash Flow	45.97	-30.33	-4.84	-13.31	30.23
Unlevered Free Cash Flow	46.24	-30.09	-4.68	-13.18	30.39
Change in Working Capital	-7.88	-16.98	-11	-26.91	-29.54

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.