Neste Oyj Cash Flow Statement

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

Millions EUR. 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	144	-95	1,433	1,888	1,771
Depreciation & Amortization	934	980	866	636	584
Loss (Gain) From Sale of Assets	-	1	-	-	-
Asset Writedown & Restructuring Costs	-	-	-	2	-
Loss (Gain) on Equity Investments	-	9	-1	-2	3
Other Operating Activities	305	-166	-41	30	-3
Change in Accounts Receivable	-	326	99	-322	-401
Change in Inventory	-	504	261	-1,037	-795
Change in Accounts Payable	-	-376	-338	2	835
Change in Other Net Operating Assets	364	-	-	-	-
Operating Cash Flow	1,747	1,183	2,279	1,197	1,994
Operating Cash Flow Growth	47.67%	-48.09%	90.39%	-39.97%	-3.06%
Capital Expenditures	-922	-1,525	-1,403	-1,670	-929
Sale of Property, Plant & Equipment	15	8	-	30	6
Cash Acquisitions	-14	-11	-176	-36	-322
Divestitures	-	-	-	157	8
Sale (Purchase) of Intangibles	-	-27	-27	-51	-48
Investment in Securities	-	-	-	13	-
Other Investing Activities	-67	59	78	-31	-198
Investing Cash Flow	-988	-1,496	-1,528	-1,588	-1,483
Short-Term Debt Issued	-	295	-	260	111
Long-Term Debt Issued	117	1,374	1,591	899	618
Total Debt Issued	117	1,669	1,591	1,159	729
Short-Term Debt Repaid	-	-	-380	-	-
Long-Term Debt Repaid	-275	-1,060	-463	-564	-489
Total Debt Repaid	-275	-1,060	-843	-564	-489
Net Debt Issued (Repaid)	-158	609	748	595	240
Common Dividends Paid	-154	-922	-1,168	-630	-614
Other Financing Activities	-	-1	-21	-2	-3
Financing Cash Flow	-312	-314	-441	-37	-377
Foreign Exchange Rate Adjustments	-36	7	-7	3	9
Miscellaneous Cash Flow Adjustments	-	-	1	1	-
Net Cash Flow	411	-620	304	-424	143
Free Cash Flow	825	-342	876	-473	1,065
Free Cash Flow Growth	-	-	-	-	-19.93%
Free Cash Flow Margin	4.34%	-1.66%	3.82%	-1.84%	7.03%
Free Cash Flow Per Share	1.07	-0.45	1.14	-0.61	1.39
Cash Interest Paid	-	-	-	-	47
Cash Income Tax Paid	11	5	307	398	95
Levered Free Cash Flow	569.88	-85	645.5	-741	322.38
Unlevered Free Cash Flow	664.25	6.88	719.25	-707.88	351.75
Change in Working Capital	364	454	22	-1,357	-361

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