Zalaris ASA Cash Flow Statement

Financials in millions NOK. Fiscal year is January - December.

Millions NOK. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	54.11	53.81	33.76	-2.12	-37.12	12.81
Depreciation & Amortization	55.85	52.26	45.18	41.67	35.3	32.51
Other Amortization	94.55	88.21	67.46	50.43	47.19	46.86
Asset Writedown & Restructuring Costs	-	-	-	-0	-	-0
Stock-Based Compensation	10.71	10.27	13.08	11.58	8.71	5.68
Other Operating Activities	-32.9	-17.01	-33.83	0.11	0.07	-46.17
Change in Accounts Receivable	25.78	1.86	-29.17	-70.98	-50.32	12.46
Change in Accounts Payable	-10.32	4.67	4.58	-7.25	27.15	-3.53
Change in Other Net Operating Assets	-45.42	-40.64	30.42	35.1	-10.02	-27.58
Operating Cash Flow	152.35	153.43	131.47	58.55	0.42	33.04
Operating Cash Flow Growth	11.34%	16.71%	124.55%	13773.93%	-98.72%	-64.19%
Capital Expenditures	-1.6	-2.78	-27.45	-4.33	-5.68	-20.63
Sale of Property, Plant & Equipment	-	-	41.9	-	-	-
Cash Acquisitions	-	-	-	-	-11.32	-43.32
Sale (Purchase) of Intangibles	-12.33	-12.33	-	-29.54	-22.16	-
Investing Cash Flow	-13.94	-15.11	14.45	-33.87	-39.16	-63.95
Long-Term Debt Issued	-	-	-	440.8	-	-
Total Debt Issued	-	-	-	440.8	-	-
Long-Term Debt Repaid	-	-512.7	-43.6	-423.34	-20.79	-17.69
Total Debt Repaid	-550.25	-512.7	-43.6	-423.34	-20.79	-17.69
Net Debt Issued (Repaid)	-550.25	-512.7	-43.6	17.46	-20.79	-17.69
Issuance of Common Stock	-	0	0	0.88	-	122.74
Repurchase of Common Stock	-	-	-0.01	-	-17.77	-0.98
Common Dividends Paid	-19.56	-19.56	-	-	-7.56	-19.64
Other Financing Activities	375.01	376.58	-13.28	0.29	2.2	0
Financing Cash Flow	-194.8	-155.68	-56.89	18.63	-43.91	84.44
Foreign Exchange Rate Adjustments	-0.75	-3.31	-3.25	-0.8	-0.12	-2.15
Miscellaneous Cash Flow Adjustments	-0	-0	0	-	-	-
Net Cash Flow	-57.14	-20.67	85.78	42.52	-82.77	51.38
Free Cash Flow	150.75	150.65	104.02	54.22	-5.26	12.41
Free Cash Flow Growth	35.18%	44.83%	91.84%	-	-	-86.44%
Free Cash Flow Margin	10.02%	10.02%	7.73%	4.78%	-0.59%	1.60%
Free Cash Flow Per Share	6.40	6.40	4.32	2.21	-0.24	0.55
Cash Interest Paid	30.09	38.85	43.22	38.32	20.25	19.54
Cash Income Tax Paid	10.46	12.3	7.9	11.45	14.36	-
Levered Free Cash Flow	199.48	196	129.3	57.05	24.72	63.56
Unlevered Free Cash Flow	220.66	220.28	158.81	82.67	37.69	71.72
Change in Working Capital	-29.96	-34.11	5.82	-43.12	-33.19	-18.64

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