VEF AB Cash Flow Statement

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

Millions USD. 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	56.16	85.45	-89.86	60.07	-377.36	275.51
Depreciation & Amortization	0.04	0.05	0.05	0.06	0.1	0.11
Loss (Gain) From Sale of Investments	-70.66	-101.88	78.37	-74.4	369.94	-284.57
Other Operating Activities	25.32	42.27	7.66	39.18	-38.72	-83.33
Change in Accounts Receivable	-0.13	0	0.14	-0.75	-1.88	-0.41
Change in Other Net Operating Assets	1.06	-0.06	-0.63	-0.1	-0.05	0.39
Operating Cash Flow	11.78	25.83	-4.28	24.06	-47.97	-90.13
Long-Term Debt Issued	-	-	-	38.28	53.08	-
Long-Term Debt Repaid	-	-16.83	-4.02	-48.48	-	-
Net Debt Issued (Repaid)	-16.83	-16.83	-4.02	-10.21	53.08	-
Issuance of Common Stock	0.01	0.01	0.02	-	0.01	101.97
Repurchase of Common Stock	-5.2	-5.2	-	-	-2.91	-
Other Financing Activities	-2.6	-2.96	-	-7.52	-1.9	-4.2
Financing Cash Flow	-24.62	-24.98	-3.99	-17.73	48.28	97.77
Foreign Exchange Rate Adjustments	0.29	0.98	-0.75	2.76	-2.83	-0.74
Net Cash Flow	-12.55	1.83	-9.03	9.1	-2.52	6.91
Free Cash Flow	11.78	25.83	-4.28	24.06	-47.97	-90.13
Free Cash Flow Margin	16.68%	25.36%	-	32.34%	-	-31.63%
Free Cash Flow Per Share	0.01	0.03	-0.00	0.02	-0.05	-0.10
Cash Interest Paid	2.6	2.96	-	7.52	1.9	0.01
Cash Income Tax Paid	0.29	0.29	0.29	0.07	0.07	-
Levered Free Cash Flow	61.88	56.58	-55.85	37.12	-237.09	174.68
Unlevered Free Cash Flow	63.79	58.72	-53.18	42.1	-235.2	174.68
Change in Working Capital	0.93	-0.06	-0.49	-0.85	-1.94	-0.02

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