Hofseth BioCare 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	-134.88	-125.3	-106.68	-137.39	-126.46
Depreciation & Amortization	32.87	32.79	29.87	24.41	25.72
Other Amortization	6.45	6.99	6.54	5.81	3.63
Loss (Gain) From Sale of Assets	-	-8.12	-23.49	-	-
Asset Writedown & Restructuring Costs	0.09	-	-	0.19	-
Loss (Gain) on Equity Investments	50.35	151.48	2.54	-0.2	-0.03
Other Operating Activities	20.02	14.06	9.49	9.95	9.39
Change in Accounts Receivable	-2.67	-4	-0.78	-3.98	4.18
Change in Inventory	-3.91	26.63	33.98	-25.71	-17.51
Change in Accounts Payable	0.99	38.47	-90.59	70.36	39.21
Change in Other Net Operating Assets	2.88	-144.4	141.87	11.4	0.1
Operating Cash Flow	-27.81	-11.4	2.76	-45.17	-61.78
Capital Expenditures	-19.73	-2.44	-8.19	-4.02	-22.92
Sale (Purchase) of Intangibles	-0.73	-1.63	-5.87	-13.76	-14.83
Investment in Securities	-	-	-1.62	-	-0.19
Other Investing Activities	-	-0	0.69	-	-
Investing Cash Flow	-20.47	-4.07	-14.99	-17.78	-37.94
Short-Term Debt Issued	8.78	19.4	28.35	-	-
Long-Term Debt Issued	115.82	25.1	-	-	1.09
Total Debt Issued	124.6	44.5	28.35	-	1.09
Long-Term Debt Repaid	-14.04	-12.98	-14.18	-15.05	-14.89
Net Debt Issued (Repaid)	110.56	31.52	14.17	-15.05	-13.8
Issuance of Common Stock	-	-	-	70.78	-
Other Financing Activities	-19.06	-14.36	-10.48	-10.28	-9.39
Financing Cash Flow	91.5	17.16	3.69	45.45	-23.2
Foreign Exchange Rate Adjustments	-1.76	-	-	-	-
Miscellaneous Cash Flow Adjustments	-	-	-	-	0
Net Cash Flow	41.47	1.69	-8.54	-17.49	-122.91
Free Cash Flow	-47.54	-13.84	-5.43	-49.19	-84.7
Free Cash Flow Margin	-18.55%	-5.21%	-2.49%	-40.84%	-96.67%
Free Cash Flow Per Share	-0.12	-0.03	-0.01	-0.13	-0.24
Cash Interest Paid	19.91	14.86	9.49	9.95	9.39
Levered Free Cash Flow	-71.16	21.85	-100.88	-72.21	-65.15
Unlevered Free Cash Flow	-56.89	31.66	-96.16	-65.99	-59.28
Change in Working Capital	-2.71	-83.31	84.49	52.06	25.97

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