Aperam Cash Flow Statement

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
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
Net Income	-8	231	203	625	968	175
Depreciation & Amortization	194	178	167	159	129	140
Asset Writedown & Restructuring Costs	-41	-41	-49	-20	-11	4
Other Operating Activities	139	-131	-69	197	-51	7
Change in Accounts Receivable	75	75	16	96	-132	-18
Change in Inventory	81	81	292	-335	-748	57
Change in Accounts Payable	-113	-113	-60	-19	395	-62
Change in Other Net Operating Assets	103	-	-29	-61	-	-
Operating Cash Flow	430	280	471	642	550	303
Operating Cash Flow Growth	0.94%	-40.55%	-26.64%	16.73%	81.52%	-24.25%
Capital Expenditures	-159	-166	-301	-296	-152	-109
Cash Acquisitions	-415	-	-	-	-31	-
Other Investing Activities	11	11	-2	-1	-	1
Investing Cash Flow	-563	-155	-303	-297	-183	-108
Short-Term Debt Issued	-	11	157	95	-	-
Long-Term Debt Issued	-	1	-	299	75	-
Total Debt Issued	523	12	157	394	75	-
Short-Term Debt Repaid	-	-184	-125	-253	-18	-37
Long-Term Debt Repaid	-	-19	-39	-215	-9	-9
Total Debt Repaid	-113	-203	-164	-468	-27	-46
Net Debt Issued (Repaid)	410	-191	-7	-74	48	-46
Repurchase of Common Stock	-	-	-	-194	-105	-
Common Dividends Paid	-144	-144	-144	-150	-139	-139
Other Financing Activities	-7	-1	-1	-1	-1	-
Financing Cash Flow	259	-336	-152	-419	-197	-185
Foreign Exchange Rate Adjustments	-5	-16	-30	7	-4	-27
Net Cash Flow	121	-227	-14	-67	166	-17
Free Cash Flow	271	114	170	346	398	194
Free Cash Flow Growth	36.87%	-32.94%	-50.87%	-13.06%	105.16%	-22.09%
Free Cash Flow Margin	4.38%	1.82%	2.58%	4.24%	7.80%	5.35%
Free Cash Flow Per Share	3.75	1.57	2.34	4.59	5.00	2.42
Cash Interest Paid	45	45	43	19	-	-
Cash Income Tax Paid	9	16	34	118	56	4
Levered Free Cash Flow	36.88	169.63	114.13	218.13	-401.88	178.38
Unlevered Free Cash Flow	80	199	141	231.88	-395.63	184
Change in Working Capital	146	43	219	-319	-485	-23

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