Polaris Media 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	7.5	677.8	-47	48.14	150.68
Depreciation & Amortization	246.8	199.5	210.8	197.57	200.17
Other Amortization	-	36.1	25.5	17.47	6.19
Loss (Gain) From Sale of Assets	-10.2	-0.4	-10.3	-	-
Asset Writedown & Restructuring Costs	-	9.3	69.2	5.58	-
Loss (Gain) From Sale of Investments	-	-	5.1	-	-
Loss (Gain) on Equity Investments	-8	-9.7	-5.4	-1.86	-9.14
Other Operating Activities	-1.1	-653.8	-112.1	17.76	56.15
Change in Accounts Receivable	-	-	-	-	-42.16
Change in Inventory	-	-	-	-	-1.82
Change in Accounts Payable	-	-	-	-	-0.82
Change in Unearned Revenue	-	-	-	-	7.15
Change in Other Net Operating Assets	-21.8	-28.6	-1.3	-56.86	6.24
Operating Cash Flow	213.2	230.2	134.5	227.8	372.63
Operating Cash Flow Growth	-7.38%	71.15%	-40.96%	-38.87%	15.38%
Capital Expenditures	-70.8	-71.1	-75.3	-88.39	-77.16
Sale of Property, Plant & Equipment	12.4	0.7	19.7	0.28	0.6
Cash Acquisitions	-17.9	-45.1	-54.2	-	-282.38
Investment in Securities	469.1	991.1	-5.9	-96.53	-69.53
Other Investing Activities	63	723	103.3	84.21	9.7
Investing Cash Flow	454.6	1,596	-20	-110.07	-418.93
Long-Term Debt Issued	-	-	201.1	-	-
Long-Term Debt Repaid	-161.5	-730.8	-166	-153.93	-145.81
Net Debt Issued (Repaid)	-161.5	-730.8	35.1	-153.93	-145.81
Issuance of Common Stock	5.4	3.8	3.5	-	5.13
Repurchase of Common Stock	-17	-50.3	-52.2	-3.35	-
Common Dividends Paid	-1,098	-50.9	-92.8	-114.32	-
Other Financing Activities	-342.3	-3.1	-151.1	-132.66	134.74
Financing Cash Flow	-1,614	-831.3	-257.5	-453.19	-5.94
Foreign Exchange Rate Adjustments	2.9	0.8	8.3	-6.12	-12.27
Miscellaneous Cash Flow Adjustments	7.3	11.5	63.2	8.74	-
Net Cash Flow	-935.5	1,007	-71.5	-332.85	-64.5
Free Cash Flow	142.4	159.1	59.2	139.4	295.47
Free Cash Flow Growth	-10.50%	168.75%	-57.53%	-52.82%	24.96%
Free Cash Flow Margin	3.90%	4.43%	1.63%	3.86%	8.04%
Free Cash Flow Per Share	2.85	3.25	1.21	2.85	6.04
Cash Interest Paid	-	1.7	149.3	35.69	31.75
Cash Income Tax Paid	-	6.5	33.6	29.05	16.08
Levered Free Cash Flow	194.01	189.26	109.14	56.48	219.77
Unlevered Free Cash Flow	228.83	217.58	141.82	79.48	241.06
Change in Working Capital	-21.8	-28.6	-1.3	-56.86	-31.42

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