Norbit 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	404.3	243.3	185.3	106.7	47.9
Depreciation & Amortization	156.9	72.3	57.8	46.4	35.1
Other Amortization	-	56.6	49.9	40.1	33.9
Loss (Gain) From Sale of Assets	-0.3	-	-	-	-
Asset Writedown & Restructuring Costs	-	3.4	-	-	-
Loss (Gain) From Sale of Investments	-	-	-	-	-1.2
Loss (Gain) on Equity Investments	0.1	0.2	-	0.2	0.3
Other Operating Activities	23.5	3.9	40.8	3.3	15.4
Change in Accounts Receivable	51.4	-80.6	1.7	-11	-24.9
Change in Inventory	-296.9	133.9	-125.4	-161.3	-91.2
Change in Accounts Payable	85.6	-29	40.4	32	31
Change in Other Net Operating Assets	76	26.9	95.2	29.3	1.4
Operating Cash Flow	500.6	430.9	345.7	85.7	47.7
Operating Cash Flow Growth	16.18%	24.65%	303.38%	79.66%	-48.21%
Capital Expenditures	-61.7	-39.8	-46.3	-31.5	-29
Cash Acquisitions	-2.9	-413.7	-42.6	-3.1	-126.9
Sale (Purchase) of Intangibles	-139	-104.8	-60.2	-60.5	-51.2
Other Investing Activities	-	-0.1	0.1	3.2	-10.5
Investing Cash Flow	-203.6	-558.4	-149	-91.9	-217.6
Short-Term Debt Issued	74	-	-	54	35.7
Long-Term Debt Issued	-	446.1	126.3	30	166.3
Total Debt Issued	74	446.1	126.3	84	202
Short-Term Debt Repaid	-	-20	-120.6	-	-
Long-Term Debt Repaid	-28.7	-213.9	-148.4	-49.4	-15.6
Total Debt Repaid	-28.7	-233.9	-269	-49.4	-15.6
Net Debt Issued (Repaid)	45.3	212.2	-142.7	34.6	186.4
Issuance of Common Stock	15.5	205.8	8.1	9.6	7.2
Repurchase of Common Stock	-9.8	-5	-1.4	-0.5	-
Common Dividends Paid	-191.15	-92.9	-41.6	-17.5	-17
Other Financing Activities	-	-	-0.1	-	-
Financing Cash Flow	-331.3	260.1	-177.7	26.2	176.6
Miscellaneous Cash Flow Adjustments	-0.1	-	-	-	-
Net Cash Flow	-34.4	132.6	19	20	6.7
Free Cash Flow	438.9	391.1	299.4	54.2	18.7
Free Cash Flow Growth	12.22%	30.63%	452.40%	189.84%	0.54%
Free Cash Flow Margin	17.54%	22.33%	19.71%	4.64%	2.37%
Free Cash Flow Per Share	6.87	6.32	5.02	0.92	0.33
Cash Income Tax Paid	98.5	71.1	19.9	10.9	0.4
Levered Free Cash Flow	220.36	217.58	196.84	-31.76	-58.34
Unlevered Free Cash Flow	241.36	254.95	215.4	-21.64	-53.21
Change in Working Capital	-83.9	51.2	11.9	-111	-83.7

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