NRC Group 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	25	-1,000	38	-363	-26
Depreciation & Amortization	204	194	211	218	251
Other Amortization	12	-	-	-	-
Loss (Gain) From Sale of Assets	-46	-16	-61	-32	-75
Asset Writedown & Restructuring Costs	-	650	-	356	9
Loss (Gain) on Equity Investments	-	18	2	15	-
Other Operating Activities	90	155	79	92	38
Change in Accounts Receivable	-	-26	2	-78	66
Change in Inventory	-	10	-6	-1	5
Change in Accounts Payable	-	-92	58	146	-23
Change in Other Net Operating Assets	-200	138	53	-118	113
Operating Cash Flow	85	31	376	235	358
Operating Cash Flow Growth	174.19%	-91.75%	60.00%	-34.36%	13.29%
Capital Expenditures	-17	-49	-35	-47	-25
Sale of Property, Plant & Equipment	59	60	30	55	90
Cash Acquisitions	-	4	-17	-24	-47
Divestitures	4	-	97	-	-
Investment in Securities	-4	-13	15	-14	16
Other Investing Activities	-	1	-1	1	-
Investing Cash Flow	42	3	89	-29	34
Long-Term Debt Issued	-	-	400	-	-
Long-Term Debt Repaid	-222	-221	-865	-318	-315
Total Debt Repaid	-222	-221	-865	-318	-315
Net Debt Issued (Repaid)	-222	-221	-465	-318	-315
Issuance of Common Stock	2	-	3	4	5
Repurchase of Common Stock	-	-3	-3	-7	-4
Other Financing Activities	-79	157	-88	-45	-63
Financing Cash Flow	-299	-67	-553	-366	-377
Foreign Exchange Rate Adjustments	-4	21	-15	6	2
Miscellaneous Cash Flow Adjustments	-1	-	-	-	-1
Net Cash Flow	-177	-12	-103	-154	16
Free Cash Flow	68	-18	341	188	333
Free Cash Flow Growth	-	-	81.38%	-43.54%	18.09%
Free Cash Flow Margin	1.04%	-0.26%	5.07%	2.67%	5.59%
Free Cash Flow Per Share	0.38	-0.19	4.59	2.58	4.57
Cash Interest Paid	79	84	93	55	78
Cash Income Tax Paid	19	8	-3	13	30
Levered Free Cash Flow	15.13	-308.78	273.3	164.38	357.25
Unlevered Free Cash Flow	71.38	-256.28	326.43	203.13	397.88
Change in Working Capital	-200	30	107	-51	161

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