Havila Shipping ASA Cash Flow Statement

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

Millions NOK. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2015 - 2019
Period Ending	Sep '25 Sep 30, 2025	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	2015 - 2019
Net Income	39	10.38	112.87	-112.7	65.67	1,172	Upgrade
Depreciation & Amortization	184.09	146.25	131.63	183.73	203.62	350.75	Upgrade
Loss (Gain) From Sale of Assets	-5.8	-7.42	-212.32	-139.41	-0.99	-	Upgrade
Asset Writedown & Restructuring Costs	-32	-154	-865.02	-226	-235.32	783	Upgrade
Loss (Gain) on Equity Investments	-3.22	1.93	3.06	6.31	1.29	-11	Upgrade
Other Operating Activities	60.65	198.18	1,041	463.31	64.32	-2,216	Upgrade
Change in Accounts Receivable	-21.87	52.06	0.45	-30.8	33.59	86.15	Upgrade
Change in Accounts Payable	-34.74	-17.73	-115.9	72.34	-5.7	-30.84	Upgrade
Operating Cash Flow	186.1	229.64	95.77	216.77	126.47	134.5	Upgrade
Operating Cash Flow Growth	-30.75%	139.78%	-55.82%	71.41%	-5.97%	41.51%	Upgrade
Capital Expenditures	-120.96	-58.75	-48.1	-48.07	-60.5	-78.04	Upgrade
Investing Cash Flow	-95.05	-32.84	-22.26	-22.22	-34.19	-52.12	Upgrade
Short-Term Debt Issued	-	-	-	-	-	100	Upgrade
Long-Term Debt Issued	-	499.56	-	-	-	-	Upgrade
Total Debt Issued	499.56	499.56	-	-	-	100	Upgrade
Long-Term Debt Repaid	-	-650.15	-127.55	-144.92	-98.2	-160.33	Upgrade
Net Debt Issued (Repaid)	-106.02	-150.59	-127.55	-144.92	-98.2	-60.33	Upgrade
Other Financing Activities	-0	-0	-	-	-	-	Upgrade
Financing Cash Flow	-106.02	-150.59	-127.55	-144.92	-98.2	-60.33	Upgrade
Foreign Exchange Rate Adjustments	0.6	3.64	4.38	-3.12	0.28	-16.55	Upgrade
Miscellaneous Cash Flow Adjustments	0	0	-	-	-	-	Upgrade
Net Cash Flow	-14.37	49.86	-49.66	46.52	-5.63	5.49	Upgrade
Free Cash Flow	65.14	170.89	47.67	168.71	65.97	56.46	Upgrade
Free Cash Flow Growth	-67.25%	258.48%	-71.74%	155.74%	16.85%	319.75%	Upgrade
Free Cash Flow Margin	9.90%	29.45%	6.82%	24.63%	12.20%	8.08%	Upgrade
Free Cash Flow Per Share	0.15	6.81	0.08	7.10	0.12	2.37	Upgrade
Cash Interest Paid	68.53	59.03	64.52	79.75	56.04	97.1	Upgrade
Cash Income Tax Paid	2.09	2.55	3.05	4.6	4.7	5.84	Upgrade
Levered Free Cash Flow	110.91	222.03	543.27	-274.46	139.03	176.08	Upgrade
Unlevered Free Cash Flow	112.02	223.91	545.25	-271.77	142.98	235.51	Upgrade
Change in Working Capital	-56.61	34.32	-115.44	41.55	27.89	55.31	Upgrade

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