Mowi ASA 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	835.2	631.7	898.7	1,001	593.4
Depreciation & Amortization	501.3	514	427.4	446.1	448
Other Adjustments	-285.8	29.9	31	-160	-157.4
Changes in Inventories	-37.5	-44.2	-173.5	-491.4	-26.4
Changes in Income Taxes Payable	-220.9	-295	-219.6	-118.3	-42.6
Changes in Other Operating Activities	78.6	80.1	28.2	-32.3	18.2
Operating Cash Flow	870.9	916.6	992.2	644.8	833.1
Operating Cash Flow Growth	-4.99%	-7.62%	53.88%	-22.60%	65.72%
Capital Expenditures	-376.2	-374.2	-396.3	335.2	-244.7
Sale of Property, Plant & Equipment	16.6	20.2	7.9	9.3	4.5
Purchases of Investments	-445	-2.5	-43.9	-202.6	-1.4
Proceeds from Sale of Investments	0	24.4	18.7	59.1	107.9
Investing Cash Flow	-804.6	-332.1	-413.6	-469.4	-133.7
Long-Term Debt Issued	527.9	55.4	158.9	499.9	-209.6
Long-Term Debt Repaid	-203.6	-221.2	-196.2	-199.6	-192.7
Net Long-Term Debt Issued (Repaid)	324.3	-165.8	-37.3	300.3	-402.3
Common Dividends Paid	-297.2	-293.5	-326.1	-380.6	-226.8
Other Financing Activities	-127.3	-139	-94.8	-19.7	-77.6
Financing Cash Flow	-62	-598.3	-458.2	-99.9	-706.6
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-3	2.2	-2.8	0.5	1.9
Net Cash Flow	4.3	-11.7	117.6	75.9	-5.4
Free Cash Flow	494.7	542.4	595.9	980	588.4
Free Cash Flow Growth	-8.79%	-8.98%	-39.19%	66.55%	214.82%
FCF Margin	8.65%	9.74%	10.88%	19.97%	14.12%
Free Cash Flow Per Share	-	1.05	1.15	1.90	1.14
Levered Free Cash Flow	987.5	183.4	73.3	1,222	237.8
Unlevered Free Cash Flow	760.64	450.88	145.95	966.21	647.64

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.