NGM:ARGO Cash Flow Statement

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

Millions SEK. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Net Income	-11.02	-	-
Depreciation & Amortization	19.91	-	-
Other Operating Activities	0.23	-	-
Change in Accounts Receivable	-20.93	-	-
Change in Inventory	-12.44	-	-
Change in Accounts Payable	5.59	-	-
Change in Other Net Operating Assets	-0.04	-	-
Operating Cash Flow	-18.71	-	-
Capital Expenditures	-0.55	-	-
Cash Acquisitions	-37.91	-	-
Investing Cash Flow	-38.46	-	-
Total Debt Issued	35.52	-	-
Net Debt Issued (Repaid)	35.52	-	-
Issuance of Common Stock	87.38	-	-
Other Financing Activities	-11.3	-	-
Financing Cash Flow	111.59	-	-
Net Cash Flow	54.43	-	-
Free Cash Flow	-19.25	-	-
Free Cash Flow Margin	-20.38%	-	-
Cash Interest Paid	0.45	-	-
Cash Income Tax Paid	0.25	-	-
Levered Free Cash Flow	-10.5	-	-
Unlevered Free Cash Flow	-9.93	-	-
Change in Working Capital	-27.82	-	-

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