HydrogenPro 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	-209.26	-233.12	-196.06	-64.51	-109.45	-56.43
Depreciation & Amortization	21.95	22.21	23.27	22.28	13.99	5.22
Loss (Gain) From Sale of Assets	-0.01	0.07	5.55	-	-	-
Loss (Gain) From Sale of Investments	21.39	21.05	1.84	-	-	0.01
Stock-Based Compensation	1.09	1.1	4.39	3.31	8.59	18.53
Other Operating Activities	-3.89	-3.46	-17.21	4.26	-3.12	-0.64
Change in Accounts Receivable	9.69	18.89	119.87	-206.61	-25.37	-9.86
Change in Inventory	11.59	6.82	-12.95	21.21	-35.46	-
Change in Accounts Payable	-20.07	-32.4	-28.53	2.54	17.22	-3.89
Change in Other Net Operating Assets	10.71	10.92	77.99	30.89	64.23	-0.4
Operating Cash Flow	-156.81	-187.92	-21.86	-186.63	-69.36	-47.46
Capital Expenditures	-16.13	-34.76	-25.12	-19.89	-14.7	-20.79
Cash Acquisitions	-	-	-	-	-32.45	-17.93
Sale (Purchase) of Intangibles	-	-	-	-	-	-8.08
Other Investing Activities	-	-	-	-	-4.72	-31.24
Investing Cash Flow	-16.13	-34.76	-25.12	-19.89	-51.87	-78.05
Long-Term Debt Repaid	-	-5.24	-5.51	-5.93	-5.18	-0.15
Net Debt Issued (Repaid)	-5.32	-5.24	-5.51	-5.93	-5.18	-0.15
Issuance of Common Stock	69.87	139.72	84.21	121.9	1.17	1.81
Other Financing Activities	-0.76	-0.77	-1.04	-5.94	-	-
Financing Cash Flow	63.79	133.71	77.66	110.03	-4	1.66
Miscellaneous Cash Flow Adjustments	-	-	0	-0	-	-
Net Cash Flow	-109.14	-88.97	30.69	-96.49	-125.23	-123.86
Free Cash Flow	-172.94	-222.68	-46.98	-206.52	-84.06	-68.26
Free Cash Flow Margin	-215.85%	-256.99%	-24.01%	-36.34%	-149.01%	-340.67%
Free Cash Flow Per Share	-1.94	-2.52	-0.69	-3.45	-1.45	-1.19
Cash Interest Paid	0.77	0.77	1.04	0.9	-	-
Levered Free Cash Flow	-97.4	-139.85	12.49	-186.45	-44.35	-89.67
Unlevered Free Cash Flow	-97.4	-139.32	13.18	-185.76	-43.93	-89.64
Change in Working Capital	11.92	4.22	156.37	-151.97	20.63	-14.15

Source: S&P Global Market Intelligence. Standard template. Financial Sources.