VBG Group AB Cash Flow Statement

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

Millions SEK. 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	422.1	588.17	572.08	368.27	337.11
Depreciation & Amortization	179.1	147	129.24	133.66	104.21
Other Amortization	-	3.23	3.76	2.68	2.23
Loss (Gain) From Sale of Assets	-	-9.84	-4.55	-44.54	-
Other Operating Activities	-85.4	-4.17	-22.23	73.6	27.06
Change in Accounts Receivable	-111.5	123.11	-125.35	-83.29	-140.81
Change in Inventory	41.3	121.79	92.79	-201.43	-195.44
Change in Accounts Payable	28	-107.21	-13.71	54.61	38.54
Change in Other Net Operating Assets	57.4	-65.72	90.81	-53.12	14.46
Operating Cash Flow	531	796.36	722.83	250.44	187.34
Operating Cash Flow Growth	-33.32%	10.17%	188.62%	33.68%	-58.01%
Capital Expenditures	-307.5	-588.92	-111.53	-113.5	-31.78
Sale of Property, Plant & Equipment	-	12.75	15.61	62.14	-
Cash Acquisitions	-448.8	-35.93	-243.42	-	-146.27
Sale (Purchase) of Intangibles	-9.4	-3.02	-3.28	-4.6	-30.35
Investment in Securities	-	-1.46	-	-	-
Other Investing Activities	-	-	-	-	-0
Investing Cash Flow	-765.7	-616.58	-342.62	-55.96	-208.4
Long-Term Debt Issued	696.1	98.28	183.53	-	136.28
Long-Term Debt Repaid	-64.9	-47.55	-31.73	-252.93	-250.6
Net Debt Issued (Repaid)	631.2	50.74	151.81	-252.93	-114.32
Common Dividends Paid	-181.3	-175.03	-137.52	-125.02	-112.52
Other Financing Activities	-	-	-	-	-0
Financing Cash Flow	449.9	-124.29	14.28	-377.95	-226.84
Foreign Exchange Rate Adjustments	-56.1	8.22	-7.39	14.87	15.83
Miscellaneous Cash Flow Adjustments	-	-	-	-	0
Net Cash Flow	159.1	63.71	387.1	-168.6	-232.06
Free Cash Flow	223.5	207.44	611.3	136.94	155.57
Free Cash Flow Growth	7.74%	-66.06%	346.39%	-11.97%	-61.17%
Free Cash Flow Margin	4.14%	3.72%	10.65%	2.99%	4.31%
Free Cash Flow Per Share	8.94	8.30	24.45	5.48	6.22
Cash Interest Paid	56.4	56.65	67.5	24.32	15.14
Cash Income Tax Paid	229.3	157.03	176.02	99.78	103.37
Levered Free Cash Flow	147.99	-4.1	480.32	-69.96	-50.37
Unlevered Free Cash Flow	303.49	32.11	518.43	-46.58	-41.54
Change in Working Capital	15.2	71.97	44.54	-283.22	-283.26

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