Spir 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	802.17	33.59	-14.89	23.71	-8.7
Depreciation & Amortization	45.2	65.97	59.65	63.49	30.71
Other Amortization	66.26	74.9	59.57	52.94	34.14
Loss (Gain) From Sale of Assets	-2	-	-	-49.16	-
Asset Writedown & Restructuring Costs	3.77	1.82	-	-	-
Loss (Gain) on Equity Investments	-2.01	5.27	-2.73	-	-
Stock-Based Compensation	1.91	2.71	4.48	8.4	3.61
Other Operating Activities	-778.46	10.97	50.51	35.89	13.44
Change in Accounts Receivable	-62.1	15.91	42.35	-23.15	41.66
Change in Accounts Payable	62.28	7.66	-10.08	-9.94	-30.28
Operating Cash Flow	169.03	218.79	194.12	108.01	94.61
Operating Cash Flow Growth	-22.74%	12.71%	79.72%	14.16%	682.06%
Capital Expenditures	-5.36	-7.25	-1.65	-9.36	-0.85
Sale of Property, Plant & Equipment	-	-	0.08	0.2	-
Cash Acquisitions	-16.86	-	-	-593.83	-855.68
Sale (Purchase) of Intangibles	-43.12	-98.52	-96.58	-74.54	-43.95
Investment in Securities	-7.75	-68.91	-9.7	-11.47	-
Other Investing Activities	899.42	-	81.03	45.76	0
Investing Cash Flow	826.34	-174.67	-26.83	-643.25	-900.47
Long-Term Debt Issued	30.85	133.42	30	694.41	505.93
Long-Term Debt Repaid	-587.07	-139.65	-151.98	-500.95	-158.13
Net Debt Issued (Repaid)	-556.22	-6.24	-121.98	193.45	347.81
Issuance of Common Stock	2.47	2.9	8	312.41	456.24
Common Dividends Paid	-324.4	-	-	-	-
Other Financing Activities	-52.27	-52.14	-49.74	-38.56	-11.72
Financing Cash Flow	-930.42	-55.48	-163.73	467.3	792.32
Miscellaneous Cash Flow Adjustments	-	-0	0	-	-
Net Cash Flow	64.95	-11.35	3.57	-67.93	-13.54
Free Cash Flow	163.67	211.54	192.47	98.65	93.76
Free Cash Flow Growth	-22.63%	9.91%	95.09%	5.22%	734.62%
Free Cash Flow Margin	17.14%	18.77%	18.21%	10.61%	17.26%
Free Cash Flow Per Share	1.23	1.60	1.50	0.95	1.07
Cash Interest Paid	52.27	52.14	49.74	38.11	11.72
Cash Income Tax Paid	5.9	14.8	1.77	9.04	5.34
Levered Free Cash Flow	-46.82	61.77	102.25	-16.23	107.22
Unlevered Free Cash Flow	-21.67	97.97	134.96	13.74	116.4
Change in Working Capital	0.19	23.57	32.27	-33.09	11.38

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