Zinzino AB Cash Flow Statement

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

Millions SEK. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	243.96	169.17	163.74	67.7	86.2	64.48
Depreciation & Amortization	27.46	25.81	23.3	21.59	18.04	15.6
Other Amortization	4.97	4.97	3.57	3.48	3.56	6.46
Asset Writedown & Restructuring Costs	-	-	4.93	-	-	-
Other Operating Activities	41.31	10.06	42.69	-8.32	2.45	18.8
Change in Accounts Receivable	-7.91	-20.24	-21.86	-17.49	10.25	-70.26
Change in Inventory	-82.23	-116.21	-10.21	-26.11	-31.71	-36.56
Change in Other Net Operating Assets	223.61	235.56	39.98	2.01	64.69	98.79
Operating Cash Flow	451.16	309.11	246.14	42.86	153.49	97.31
Operating Cash Flow Growth	184.30%	25.58%	474.33%	-72.08%	57.73%	36.55%
Capital Expenditures	-74.26	-27.28	-1.35	-8.1	-3.84	-2.56
Cash Acquisitions	-	-	-	-10.32	-	-
Sale (Purchase) of Intangibles	-6.67	-9.82	-10.44	-16.84	-5.84	-2.32
Investment in Securities	-32.91	-61.57	-0.13	-0.17	-2.31	-4.5
Investing Cash Flow	-113.84	-98.67	-11.92	-35.43	-11.98	-9.38
Long-Term Debt Repaid	-	-21.38	-20.07	-18.34	-15.26	-13.42
Net Debt Issued (Repaid)	-21.4	-21.38	-20.07	-18.34	-15.26	-13.42
Issuance of Common Stock	51.96	55.4	2.52	3.49	8.39	12.72
Common Dividends Paid	-143.06	-102.92	-59.26	-67.41	-42.12	-22.99
Other Financing Activities	-0.21	0.28	1.94	0.98	-	2.14
Financing Cash Flow	-112.71	-68.63	-74.87	-81.28	-49	-21.55
Foreign Exchange Rate Adjustments	-16.56	-	-	-	-	-
Net Cash Flow	208.05	141.81	159.36	-73.85	92.51	66.38
Free Cash Flow	376.9	281.83	244.79	34.76	149.65	94.75
Free Cash Flow Growth	186.01%	15.13%	604.30%	-76.78%	57.95%	37.62%
Free Cash Flow Margin	12.53%	12.81%	13.94%	2.43%	11.01%	8.34%
Free Cash Flow Per Share	10.10	7.64	7.07	1.01	4.26	2.76
Cash Interest Paid	5.96	3.61	0.31	0.1	1.43	1.65
Cash Income Tax Paid	66.64	54.93	23.57	30.04	20.52	4.31
Levered Free Cash Flow	251.93	240.18	191.36	-1.7	127.46	65.97
Unlevered Free Cash Flow	254.14	242.39	193.91	0.04	128.35	67
Change in Working Capital	133.47	99.1	7.91	-41.59	43.24	-8.03

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.