Borregaard ASA Cash Flow Statement

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

Millions NOK. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	775	864	1,079	1,124	1,118	873
Depreciation & Amortization	599	591	561	490	449	420
Other Adjustments	289	424	182	9	34	6
Changes in Income Taxes Payable	-285	-265	-268	-265	-208	-124
Changes in Other Operating Activities	-74	-258	-486	205	-658	256
Operating Cash Flow	1,304	1,356	1,068	1,563	735	1,431
Operating Cash Flow Growth	-5.51%	26.97%	-31.67%	112.65%	-48.64%	61.51%
Capital Expenditures	-755	-793	-711	-667	-464	-556
Purchases of Investments	-188	-132	-150	-171	-	-145
Other Investing Activities	18	18	19	9	9	9
Investing Cash Flow	-925	-907	-842	-829	-455	-692
Long-Term Debt Issued	962	950	500	833	915	300
Long-Term Debt Repaid	-1,106	-1,047	-724	-	-	-
Net Long-Term Debt Issued (Repaid)	-144	-97	-224	833	915	300
Issuance of Common Stock	68	48	52	49	41	59
Repurchase of Common Stock	-44	-30	-98	-92	-68	-118
Net Common Stock Issued (Repurchased)	24	18	-46	-43	-27	-59
Common Dividends Paid	-424	-424	-374	-324	-499	-249
Other Financing Activities	41	44	-35	-881	-591	-829
Financing Cash Flow	-503	-459	-679	-415	-202	-837
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-5	-3	21	-1	28	7
Net Cash Flow	-124	-10	-453	319	78	-98
Free Cash Flow	549	563	357	896	271	875
Free Cash Flow Growth	-2.49%	57.70%	-60.16%	230.63%	-69.03%	128.46%
FCF Margin	7.15%	7.30%	4.69%	12.56%	3.94%	15.07%
Free Cash Flow Per Share	5.50	5.65	3.58	8.97	2.71	8.78
Levered Free Cash Flow	-108	-202	-305	1,466	926	988
Unlevered Free Cash Flow	302.91	168.75	81.73	746.18	21.76	715.73

Updated Mar 31, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.