PRA:ATS Cash Flow Statement

Financials in millions EUR. Fiscal year is April - March.

Millions EUR. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Net Income	145.7	89.7	-36.69	136.64	103.29	47.42
Depreciation & Amortization	354.46	324.67	271.73	264.86	205.68	149.88
Other Amortization	3.6	3.6	4.64	5.61	17.39	15.55
Loss (Gain) From Sale of Assets	-324.19	-333.63	0.1	2.54	1.77	0.27
Asset Writedown & Restructuring Costs	-	-	-	-	-	0.47
Other Operating Activities	56.41	57.88	256.43	62.35	448.15	18.63
Change in Accounts Receivable	53.11	-204.66	88	4.48	-109.5	-60.64
Change in Inventory	-53.92	13.51	-19.96	41.08	-27.66	-43.96
Change in Accounts Payable	56.49	-30.64	89.31	-51.77	72.25	57.79
Change in Other Net Operating Assets	-5.03	5.05	-0.16	10.58	1.82	-0.78
Operating Cash Flow	286.64	-74.52	653.38	476.37	713.19	184.65
Operating Cash Flow Growth	126.23%	-	37.16%	-33.21%	286.24%	-0.26%
Capital Expenditures	-202.41	-416.06	-858.79	-1,101	-605.57	-437.97
Sale of Property, Plant & Equipment	6.75	1.29	3.41	104.81	3.7	2.22
Divestitures	353.44	353.44	-	-	-	-
Investment in Securities	-18.51	-79.33	29.39	-48.7	22.18	95.94
Investing Cash Flow	139.27	-140.67	-825.99	-1,045	-579.69	-339.81
Long-Term Debt Issued	-	412.98	507.67	340.09	255.48	383.89
Long-Term Debt Repaid	-	-383.15	-445.05	-54.7	-70.94	-93.3
Net Debt Issued (Repaid)	-79.11	29.83	62.63	285.39	184.54	290.59
Issuance of Common Stock	-	-	-	-	347.32	-
Repurchase of Common Stock	-	-	-	-41.39	-138.58	-
Common Dividends Paid	-17.5	-17.5	-33.04	-54.43	-24.46	-18.03
Other Financing Activities	8.23	7.61	22.17	21.4	28.05	31.06
Financing Cash Flow	-88.38	19.94	51.75	210.97	396.87	303.63
Foreign Exchange Rate Adjustments	-45.58	3.83	5.6	29.34	36.7	-13.57
Net Cash Flow	291.94	-191.41	-115.25	-328.18	567.07	134.9
Free Cash Flow	84.23	-490.58	-205.41	-624.6	107.62	-253.32
Free Cash Flow Margin	4.93%	-30.86%	-13.25%	-34.87%	6.77%	-21.32%
Free Cash Flow Per Share	2.17	-12.63	-5.29	-16.08	2.77	-6.52
Cash Interest Paid	67.33	88.12	59.11	23.02	19.33	14.65
Cash Income Tax Paid	46.93	64.92	24.23	35.5	11.71	13.94
Levered Free Cash Flow	359.55	-162.19	-609.48	-673.39	-305.03	-166.33
Unlevered Free Cash Flow	432.05	-89.68	-566.95	-662.19	-298.03	-158.66
Change in Working Capital	50.65	-216.75	157.19	4.36	-63.1	-47.58

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