Bonheur ASA 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	1,423	1,141	1,038	397.31	-106.56
Depreciation & Amortization	1,254	1,125	1,057	1,075	920.44
Other Amortization	-	11.92	13.32	13.17	11.73
Loss (Gain) From Sale of Assets	-352	-0.59	-90.07	-0.73	-0.5
Asset Writedown & Restructuring Costs	-	76.01	44.97	452.05	0.04
Loss (Gain) From Sale of Investments	-	43.17	170.43	-392.7	-211.97
Loss (Gain) on Equity Investments	24	20.33	20.36	14.24	6.29
Other Operating Activities	420	19.56	234.13	1,347	818.74
Change in Accounts Receivable	62	656.28	-420.08	-554.04	-450.75
Change in Other Net Operating Assets	-813	404.92	350.34	179.1	475.53
Operating Cash Flow	2,018	3,497	2,418	2,530	1,463
Operating Cash Flow Growth	-42.30%	44.64%	-4.43%	72.93%	-
Capital Expenditures	-2,260	-1,395	-946.15	-1,040	-805.61
Sale of Property, Plant & Equipment	607	115.64	44.34	0.73	7.17
Investment in Securities	-	-265.02	-231.6	-408.38	-144.99
Other Investing Activities	243	344.06	255.59	91.43	112.48
Investing Cash Flow	-1,410	-1,200	-877.81	-1,356	-830.96
Long-Term Debt Issued	924	1,100	595.21	957.34	805.14
Long-Term Debt Repaid	-1,942	-2,006	-1,445	-1,445	-1,399
Net Debt Issued (Repaid)	-1,018	-906.5	-849.44	-487.81	-593.38
Common Dividends Paid	-287	-459.9	-212.66	-182.89	-170.13
Other Financing Activities	531	-	-622.33	877.24	-149.7
Financing Cash Flow	-774	-1,366	-1,684	206.55	-913.2
Foreign Exchange Rate Adjustments	-99	191.63	146.07	39.04	-30.15
Net Cash Flow	-265	1,122	1.73	1,419	-311.33
Free Cash Flow	-242	2,102	1,472	1,490	657.37
Free Cash Flow Growth	-	42.86%	-1.22%	126.65%	-
Free Cash Flow Margin	-1.94%	15.02%	11.80%	13.03%	8.72%
Free Cash Flow Per Share	-5.69	49.43	34.60	35.03	15.46
Cash Interest Paid	523	630.63	561.74	317.28	289.79
Cash Income Tax Paid	302	418.67	435.92	714.37	241.85
Levered Free Cash Flow	-392.73	2,049	1,079	1,065	568.22
Unlevered Free Cash Flow	454.77	2,449	1,449	1,340	838.91
Change in Working Capital	-751	1,061	-69.74	-374.93	24.77

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