Techstep 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	-94.01	-45.7	-44.55	-68.93	-103.05
Depreciation & Amortization	213.37	182.83	172.52	167.71	162.95
Loss (Gain) From Sale of Assets	-12.35	-9.87	-9.27	-42.65	-
Stock-Based Compensation	3.34	3.7	-1.01	4.09	3.95
Other Operating Activities	4.95	5.35	4.65	16.57	-7.16
Change in Other Net Operating Assets	0.53	0.18	33.23	46.94	72.24
Operating Cash Flow	115.83	136.49	155.56	123.74	128.93
Operating Cash Flow Growth	-15.14%	-12.26%	25.71%	-4.03%	67.53%
Capital Expenditures	-113.65	-128.09	-112.73	-132.45	-141.39
Sale of Property, Plant & Equipment	26.52	13.41	17.07	3.5	27.39
Cash Acquisitions	-4.13	-	-	0.29	-78.76
Divestitures	-	-	-	-	65.68
Sale (Purchase) of Intangibles	-35.9	-29.52	-33.92	-52.25	-48.88
Other Investing Activities	0.55	1.37	1.07	0.53	1.37
Investing Cash Flow	-126.62	-142.82	-128.51	-180.38	-174.59
Short-Term Debt Issued	-	-	-	5.84	-
Long-Term Debt Issued	40	-	178.31	49.93	35.15
Total Debt Issued	40	-	178.31	55.77	35.15
Short-Term Debt Repaid	-	-	-31.2	-	-
Long-Term Debt Repaid	-27.48	-53.49	-145.14	-44.44	-58.02
Total Debt Repaid	-27.48	-53.49	-176.34	-44.44	-58.02
Net Debt Issued (Repaid)	12.52	-53.49	1.98	11.33	-22.88
Issuance of Common Stock	-	28.39	0.23	76.97	101.85
Other Financing Activities	-13.94	-15.19	-14.94	-20.7	-7.73
Financing Cash Flow	-1.42	-40.29	-12.73	67.59	71.24
Foreign Exchange Rate Adjustments	-1.4	-0.06	2.02	-0.19	-2.43
Net Cash Flow	-13.61	-46.68	16.34	10.77	23.15
Free Cash Flow	2.18	8.4	42.83	-8.71	-12.46
Free Cash Flow Growth	-74.09%	-80.39%	-	-	-
Free Cash Flow Margin	0.22%	0.78%	3.93%	-0.68%	-0.95%
Free Cash Flow Per Share	0.06	0.26	1.38	-0.38	-0.66
Cash Interest Paid	13.94	15.19	14.94	11.7	7.73
Cash Income Tax Paid	-	0.96	2.39	1	1.47
Levered Free Cash Flow	-150.5	-36.69	13.72	-52.51	45.01
Unlevered Free Cash Flow	-141.58	-26.19	22.87	-43.75	50.8
Change in Working Capital	0.53	0.18	33.23	46.94	72.24

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