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	Jun '26 Jun 30, 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	404	864	1,079	1,124	1,118	873
Depreciation & Amortization	603	591	561	490	449	420
Other Adjustments	628	424	182	9	34	6
Changes in Income Taxes Payable	-239	-265	-268	-265	-208	-124
Changes in Other Operating Activities	218	-258	-486	205	-658	256
Operating Cash Flow	1,614	1,356	1,068	1,563	735	1,431
Operating Cash Flow Growth	32.40%	26.97%	-31.67%	112.65%	-48.64%	61.51%
Capital Expenditures	-709	-793	-711	-667	-464	-556
Purchases of Investments	-189	-132	-150	-171	-	-145
Other Investing Activities	20	18	19	9	9	9
Investing Cash Flow	-878	-907	-842	-829	-455	-692
Long-Term Debt Issued	712	950	500	833	915	300
Long-Term Debt Repaid	-920	-1,047	-724	-	-	-
Net Long-Term Debt Issued (Repaid)	-208	-97	-224	833	915	300
Issuance of Common Stock	66	48	52	49	41	59
Repurchase of Common Stock	-86	-30	-98	-92	-68	-118
Net Common Stock Issued (Repurchased)	-20	18	-46	-43	-27	-59
Common Dividends Paid	-475	-424	-374	-324	-499	-249
Other Financing Activities	24	44	-35	-881	-591	-829
Financing Cash Flow	-679	-459	-679	-415	-202	-837
Foreign Exchange Rate Adjustments	3	-3	21	-1	28	7
Net Cash Flow	57	-10	-453	319	78	-98
Free Cash Flow	905	563	357	896	271	875
Free Cash Flow Growth	93.38%	57.70%	-60.16%	230.63%	-69.03%	128.46%
FCF Margin	11.68%	7.30%	4.69%	12.56%	3.94%	15.07%
Free Cash Flow Per Share	9.07	5.65	3.58	8.97	2.71	8.78
Levered Free Cash Flow	-166	-202	-305	1,466	926	988
Unlevered Free Cash Flow	318.99	168.75	81.73	746.18	21.76	715.73