P/F Bakkafrost (LON:0MQ2)

P/F Bakkafrost Cash Flow Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	517.35	656.6	955.57	1,345	964.05
Depreciation & Amortization	785.12	704.03	636.71	535.33	530.4
Asset Writedown & Restructuring Costs	-	0.28	0.5	2.15	0.04
Loss (Gain) on Equity Investments	-17.81	-46.96	-70.65	-57.6	-30.11
Other Operating Activities	-137.02	590.04	355.47	-113.59	-263.4
Change in Accounts Receivable	-270.89	77.15	113.96	-208.95	-493.83
Change in Inventory	-299.02	305.86	-613.19	-576.84	142.31
Change in Other Net Operating Assets	500.85	67.93	-355.64	276.25	275.1
Operating Cash Flow	1,079	2,355	1,023	1,202	1,125
Operating Cash Flow Growth	-54.20%	130.26%	-14.90%	6.87%	137.26%
Capital Expenditures	-1,135	-1,026	-1,062	-1,236	-1,116
Sale of Property, Plant & Equipment	-	4.16	2.09	0.37	0.67
Investment in Securities	-	7.71	16.16	-27.39	2.78
Other Investing Activities	-	-	-	8.1	-0
Investing Cash Flow	-1,135	-1,014	-1,044	-1,255	-1,112
Long-Term Debt Issued	694.49	-	546.24	735.35	404.6
Long-Term Debt Repaid	-172.38	-590.99	-130.74	-117.02	-116.9
Net Debt Issued (Repaid)	522.1	-590.99	415.5	618.33	287.7
Issuance of Common Stock	27.34	31.38	53.97	12.8	10.96
Repurchase of Common Stock	-	-7.86	-	-	-
Common Dividends Paid	-500.52	-515.27	-591.43	-304	-215.87
Other Financing Activities	-173.18	-189.07	-164.84	-63.95	-52.89
Financing Cash Flow	-124.26	-1,272	-286.81	263.19	29.9
Net Cash Flow	-180.76	68.83	-307.93	210.45	42.22
Free Cash Flow	-56.5	1,329	-39.37	-33.82	8.87
Free Cash Flow Margin	-0.81%	18.12%	-0.55%	-0.47%	0.16%
Free Cash Flow Per Share	-0.95	22.42	-0.67	-0.57	0.15
Cash Interest Paid	170.41	209.28	186.63	68.26	56.43
Cash Income Tax Paid	188.36	209.48	196.99	170.75	54.33
Levered Free Cash Flow	-360.17	999.82	-337.92	-441.24	-369.99
Unlevered Free Cash Flow	-259.3	1,125	-224.3	-402.52	-344.61
Change in Working Capital	-69.05	450.93	-854.88	-509.55	-76.42

Source: S&P Global Market Intelligence. Standard template. Financial Sources.