Kitron ASA Cash Flow Statement

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

Millions EUR. 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	55.1	39.9	64.7	38.6	20.36
Depreciation & Amortization	18.6	18.7	17.6	16	10.08
Stock-Based Compensation	-1.3	-1.2	-0.8	0.1	0.52
Other Adjustments	0	-1.9	-8.9	-3.3	-1.47
Change in Receivables	-69.8	8.8	-4.7	-46.4	-4.39
Changes in Inventories	-13.7	25.1	6.3	-38.8	-33.44
Changes in Accounts Payable	117.9	-32.9	-5	57.1	21.48
Changes in Income Taxes Payable	-9.8	-12.5	-10.8	-6.1	-4.07
Changes in Other Operating Activities	-3.3	-0.2	0.5	1	3.52
Operating Cash Flow	93.6	43.7	59	18.1	12.6
Operating Cash Flow Growth	114.19%	-25.93%	225.97%	43.69%	-44.09%
Capital Expenditures	-10.3	-7.8	-15.8	-9.3	-3.92
Sale of Property, Plant & Equipment	-	-	0.2	-	-
Purchases of Intangible Assets	-2.2	-1.5	-0.6	-0.3	-0.66
Payments for Business Acquisitions	-	-	-	-86.8	-
Other Investing Activities	0	0.7	-	-	-
Investing Cash Flow	-12.4	-8.6	-16.3	-96.4	-4.58
Short-Term Debt Repaid	-8.8	-3	-0.9	-6.9	-2.79
Net Short-Term Debt Issued (Repaid)	-8.8	-3	-0.9	-6.9	-2.79
Long-Term Debt Issued	0	8.8	8.7	120.5	10.03
Long-Term Debt Repaid	-20.8	-23.4	-19	-44.7	-8.83
Net Long-Term Debt Issued (Repaid)	-20.8	-14.6	-10.3	75.8	1.19
Issuance of Common Stock	82.1	0	0	0	33.79
Net Common Stock Issued (Repurchased)	82.1	0	0	0	33.79
Common Dividends Paid	-6	-12.8	-8.4	-4.9	-12.5
Other Financing Activities	-28.9	3.2	-9.8	-3.9	-
Financing Cash Flow	17.6	-27.2	-29.5	60.2	19.69
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-1.5	1.8	-0.2	1.2	-0.23
Net Cash Flow	98.7	7.9	13.3	-18.1	27.7
Free Cash Flow	83.3	35.9	43.2	8.8	8.68
Free Cash Flow Growth	132.03%	-16.90%	390.91%	1.42%	-55.99%
FCF Margin	11.28%	5.55%	5.57%	1.37%	2.34%
Free Cash Flow Per Share	0.41	0.18	0.22	0.04	0.05
Levered Free Cash Flow	113.6	0.8	32.7	117.1	7.3
Unlevered Free Cash Flow	150.67	24.08	48.53	53.04	11.63

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.