EQL Pharma AB Cash Flow Statement

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

Millions SEK. 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	29.34	43.12	22.71	30.92	31.55	10.37
Depreciation & Amortization	20.6	10.1	7.66	7.43	2.76	-
Other Amortization	2.42	2.42	0.62	1.14	0.78	-
Asset Writedown & Restructuring Costs	-	-	0.47	7.84	6.73	-
Other Operating Activities	6.32	11.23	0.07	8.13	7.2	18.41
Change in Accounts Receivable	-27.03	-67.15	-14.25	-16.86	-11.69	-6.27
Change in Inventory	-32.18	-73.41	-40.26	-23.69	0.68	-14
Change in Other Net Operating Assets	-1.83	49.04	11.54	12.72	3.83	51.54
Operating Cash Flow	-2.36	-24.65	-11.44	27.62	41.83	60.05
Operating Cash Flow Growth	-	-	-	-33.98%	-30.34%	797.97%
Capital Expenditures	-10.14	-6.13	-0.93	-0.46	-0.63	-0.41
Sale (Purchase) of Intangibles	-254.41	-239.72	-65.34	-20.05	-21.46	-55.17
Other Investing Activities	-	-0	-	-0	-	-
Investing Cash Flow	-264.56	-245.84	-66.26	-20.51	-22.09	-55.58
Long-Term Debt Issued	-	357.94	53.97	-	0.6	12.88
Long-Term Debt Repaid	-	-25.71	-0.49	-4.07	-6.58	-1.08
Net Debt Issued (Repaid)	291.53	332.23	53.48	-4.07	-5.98	11.8
Issuance of Common Stock	32.49	0.19	0.27	0.19	0.86	-
Other Financing Activities	-	-	-	0	-	-
Financing Cash Flow	324.03	332.43	53.74	-3.88	-5.12	11.8
Miscellaneous Cash Flow Adjustments	-0	-	-0	-	-	-
Net Cash Flow	57.11	61.93	-23.96	3.23	14.62	16.27
Free Cash Flow	-12.5	-30.78	-12.36	27.16	41.2	59.64
Free Cash Flow Growth	-	-	-	-34.08%	-30.92%	864.27%
Free Cash Flow Margin	-2.94%	-8.24%	-4.68%	10.45%	10.05%	33.29%
Free Cash Flow Per Share	-0.42	-1.03	-0.41	0.92	1.42	2.05
Cash Interest Paid	29.54	13.02	4.01	2.29	2.78	-
Cash Income Tax Paid	-	-	-	-	-	0.06
Levered Free Cash Flow	-268.92	-291.16	-89.53	-9.9	1.84	-60.68
Unlevered Free Cash Flow	-250.87	-283.45	-85.95	-8.42	3.64	-59.99
Change in Working Capital	-61.04	-91.52	-42.96	-27.83	-7.18	31.27

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