SmartCraft Group AB Cash Flow Statement

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

Millions NOK. 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	83.47	105.96	107.63	68.09	36.7
Depreciation & Amortization	29.2	29.19	18.62	27.66	14.97
Other Amortization	52.62	23.28	17.58	-	7.75
Loss (Gain) From Sale of Assets	-0	0.08	-0.08	-0.01	-
Other Operating Activities	-28.2	-10.9	-15.31	15.98	45.12
Change in Accounts Receivable	2.55	7.16	-33.62	-4.81	-5.84
Change in Accounts Payable	-0.4	0.23	0.74	0.39	-0.07
Change in Unearned Revenue	7.92	24.44	35.28	9.89	6.57
Change in Other Net Operating Assets	-2.91	-0.42	5.45	-1.41	1.32
Operating Cash Flow	144.24	179.02	136.3	115.77	106.53
Operating Cash Flow Growth	-19.43%	31.34%	17.73%	8.68%	8.19%
Capital Expenditures	-1.47	-3.56	-1.47	-1.16	-0.4
Cash Acquisitions	-7	-152.06	-23.97	-34.41	-77.51
Sale (Purchase) of Intangibles	-43.01	-48.66	-37.47	-23.86	-21.74
Other Investing Activities	-	-	-	-0.07	0.18
Investing Cash Flow	-51.48	-204.28	-62.91	-59.49	-99.47
Long-Term Debt Repaid	-12.69	-20.23	-9.96	-15.37	-242.22
Net Debt Issued (Repaid)	-12.69	-20.23	-9.96	-15.37	-242.22
Issuance of Common Stock	-	-	-	-	551.29
Repurchase of Common Stock	-62.41	-40.87	-53.51	-7.01	-208.97
Other Financing Activities	-2.84	1.93	-1.21	2.86	-26.2
Financing Cash Flow	-77.94	-59.17	-64.69	-19.52	73.9
Foreign Exchange Rate Adjustments	4.25	4.06	5.74	-1.45	-4.58
Miscellaneous Cash Flow Adjustments	-	0	-	-0	-
Net Cash Flow	19.07	-80.37	14.44	35.31	76.38
Free Cash Flow	142.77	175.46	134.82	114.62	106.13
Free Cash Flow Growth	-18.63%	30.14%	17.63%	8.00%	9.20%
Free Cash Flow Margin	25.54%	34.35%	33.57%	34.38%	39.20%
Free Cash Flow Per Share	0.86	1.04	0.80	0.67	0.68
Cash Interest Paid	2.84	2.79	1.21	0.95	4.79
Cash Income Tax Paid	56.67	41.25	24.06	19.37	5.81
Levered Free Cash Flow	77.13	137.85	78.47	84.36	73.38
Unlevered Free Cash Flow	78.69	139.6	79.2	85.05	77.33
Change in Working Capital	7.16	31.42	7.85	4.05	1.98

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