Cavendish Hydrogen ASA (OSL:CAVEN)

Cavendish Hydrogen ASA Cash Flow Statement

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

Operating Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023
Net Income	-24.84	-26.64	-22.76	-28.89
Depreciation & Amortization	3.65	4.05	4.57	4.69
Asset Writedown & Restructuring Costs	1.22	1.12	0.05	0.05
Loss (Gain) From Sale of Investments	-	-	0.84	2.74
Stock-Based Compensation	0.52	0.52	0.23	-
Other Operating Activities	5.12	-0.38	-0.52	1.17
Change in Accounts Receivable	-3.38	-3.38	-3.73	10.4
Change in Inventory	5.85	5.85	8.99	-6.35
Change in Accounts Payable	-0.57	-0.57	-2.94	-4.07
Change in Other Net Operating Assets	0.91	1.11	-8.77	1.46
Operating Cash Flow	-11.52	-18.32	-24.03	-18.81
Operating Cash Flow Growth	-	-	-	-

Investing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023
Capital Expenditures	-0.32	-0.42	-1.6	-1.24
Sale of Property, Plant & Equipment	0.13	0.13	0.01	-
Sale (Purchase) of Intangibles	-1.55	-1.95	-6.23	-3.04
Other Investing Activities	0.2	-	0	-
Investing Cash Flow	-1.54	-2.24	-7.82	-4.28

Financing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023
Long-Term Debt Issued	-	-	2.51	28.36
Long-Term Debt Repaid	-	-0.35	-0.45	-0.51
Lease Payments	-0.35	-0.35	-0.45	-0.51
Net Debt Issued (Repaid)	-0.35	-0.35	2.06	27.85
Issuance of Common Stock	4.8	-	72.28	-
Other Financing Activities	-0.02	-0.22	-6.97	-0.72
Financing Cash Flow	4.43	-0.57	67.38	27.13

Net Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023
Foreign Exchange Rate Adjustments	0.05	-0.45	-0.76	0.33
Net Cash Flow	-12.28	-21.58	34.76	4.36

Free Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023
Free Cash Flow	-11.85	-18.75	-25.63	-20.05
Free Cash Flow Growth	-	-	-	-
Free Cash Flow Margin	-87.35%	-117.44%	-81.75%	-65.96%
Free Cash Flow Per Share	-0.35	-0.56	-0.76	-0.60
Levered Free Cash Flow	-8.62	-10.92	-18.59	-
Unlevered Free Cash Flow	-8.54	-10.84	-18.43	-
Free Cash Flow After Leases	-12.19	-19.09	-26.08	-20.56

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023
Cash Interest Paid	0.08	0.08	0.11	0.09
Change in Working Capital	2.81	3.01	-6.45	1.44

Data Source: S&P Global Market Intelligence Last updated: Aug 27, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Sep 14, 2026

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