OSL:AZT Cash Flow Statement

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

Millions NOK. 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	9.88	8.47	19.43	32.86	46.38
Depreciation & Amortization	9.15	5.58	5.7	4.83	3.02
Other Amortization	-	1.01	0.68	0.19	0.17
Asset Writedown & Restructuring Costs	-	-	-	-	0.04
Stock-Based Compensation	4.45	4.46	2.55	5.43	1.24
Other Operating Activities	2.24	2.45	5.71	8.35	13.32
Change in Accounts Receivable	-1.52	-8.19	0.75	8.11	4.59
Change in Inventory	-0.32	-2.97	-5.8	-0.2	-2.99
Change in Accounts Payable	4.67	-4.52	-2.78	-1.48	9.21
Change in Other Net Operating Assets	-2.75	-4.62	-1.81	0.28	-
Operating Cash Flow	25.81	1.66	24.43	58.37	74.97
Operating Cash Flow Growth	1455.88%	-93.21%	-58.15%	-22.14%	60.40%
Capital Expenditures	-0.26	-0.93	-1.67	-4.79	-10.04
Sale (Purchase) of Intangibles	-3.39	-8.59	-17.55	-7.64	-1.56
Investment in Securities	-1.22	0.61	-1.8	-20.76	-
Other Investing Activities	-0.29	-0.95	-	-	0.03
Investing Cash Flow	-5.14	-9.87	-21.02	-33.2	-11.56
Long-Term Debt Repaid	-3.47	-3.4	-3.44	-3.03	-2.2
Net Debt Issued (Repaid)	-3.47	-3.4	-3.44	-3.03	-2.2
Issuance of Common Stock	-	2.02	2.58	1.6	1.6
Other Financing Activities	-0.37	-0.36	-0.47	-0.5	-2.56
Financing Cash Flow	-3.84	-1.73	-1.32	-1.92	-3.16
Net Cash Flow	16.83	-9.94	2.1	23.25	60.25
Free Cash Flow	25.56	0.73	22.76	53.58	64.94
Free Cash Flow Growth	3420.11%	-96.81%	-57.53%	-17.49%	44.86%
Free Cash Flow Margin	21.62%	0.67%	19.02%	38.92%	49.55%
Free Cash Flow Per Share	0.49	0.01	0.45	1.05	1.30
Cash Interest Paid	0.27	0.36	0.47	0.5	0.69
Levered Free Cash Flow	14.55	-15.27	-8.59	26.94	38.59
Unlevered Free Cash Flow	14.55	-15.05	-8.28	27.25	39.03
Change in Working Capital	0.09	-20.3	-9.64	6.71	10.81

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.