Embellence Group AB Cash Flow Statement

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

Millions SEK. 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	63	69	57.17	39.29	57.4	59.32
Depreciation & Amortization	43	43	44.47	48.54	41.28	27.17
Other Operating Activities	-15	-22	19.93	-6.78	-15.22	12.31
Change in Accounts Receivable	-	-	-7.57	4.9	24.33	-19.91
Change in Inventory	-	-	-10.19	-8.27	4.27	1.62
Change in Other Net Operating Assets	6	1	8.9	-13.15	-4.12	-18.47
Operating Cash Flow	97	91	112.72	64.53	107.94	62.1
Operating Cash Flow Growth	-9.11%	-19.27%	74.69%	-40.22%	73.80%	-7.39%
Capital Expenditures	-22	-22	-12.78	-11.74	-9.88	-9.51
Sale of Property, Plant & Equipment	-	-	-	-	0.14	0.33
Cash Acquisitions	-	-	-	-	-140.13	-34.39
Sale (Purchase) of Intangibles	-	-	-1.1	-3.87	-4.99	-9.03
Investment in Securities	-	-	0.33	-0.58	-1.55	-0.63
Investing Cash Flow	-22	-22	-13.55	-16.19	-156.41	-53.23
Short-Term Debt Issued	-	-	-	-	1.93	8.12
Long-Term Debt Issued	-	131	-	-	94.54	-
Total Debt Issued	131	131	-	-	96.47	8.12
Short-Term Debt Repaid	-	-48	-41.68	-27.39	-	-
Long-Term Debt Repaid	-	-122	-86.03	-32.05	-24.49	-10.43
Total Debt Repaid	-170	-170	-127.71	-59.43	-24.49	-10.43
Net Debt Issued (Repaid)	-39	-39	-127.71	-59.43	71.98	-2.31
Issuance of Common Stock	-	-	2.78	-	0.3	-
Common Dividends Paid	-29	-29	-	-18.07	-18.07	-
Other Financing Activities	1	-	26.35	-0.3	-	-
Financing Cash Flow	-67	-68	-98.58	-77.8	54.21	-2.31
Foreign Exchange Rate Adjustments	-2	-4	2.08	1.13	2.51	2.42
Net Cash Flow	6	-3	2.67	-28.33	8.24	8.98
Free Cash Flow	75	69	99.94	52.78	98.05	52.6
Free Cash Flow Growth	-21.82%	-30.96%	89.34%	-46.17%	86.43%	-8.70%
Free Cash Flow Margin	9.82%	9.02%	12.85%	7.13%	13.62%	8.13%
Free Cash Flow Per Share	3.19	2.93	4.37	2.34	4.39	2.42
Cash Interest Paid	8	8	15.89	18.69	12.72	8.05
Cash Income Tax Paid	15	15	10.04	16.92	18.65	9.37
Levered Free Cash Flow	69.63	73.84	71.93	46.55	25.2	18.06
Unlevered Free Cash Flow	74	78.21	81.83	58.1	33.2	22.37
Change in Working Capital	6	1	-8.86	-16.52	24.48	-36.76

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