ALSO Holding AG Cash Flow Statement

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

Millions EUR. 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	109.33	115.05	123.66	152.05	154
Depreciation & Amortization	74.46	41.86	44.6	43.18	39.68
Loss (Gain) From Sale of Assets	-0.52	-0.07	0.12	-19.34	0.3
Other Operating Activities	14.82	-26.48	-14.96	-2.4	3.76
Change in Accounts Receivable	5.42	72.24	-2.25	-0.33	180.03
Change in Inventory	-0.37	-30.31	231.3	-48.7	-175.37
Change in Accounts Payable	15.22	192.46	16.34	-39.62	96.84
Change in Other Net Operating Assets	-24.82	-41.89	-14.06	3.27	-8.67
Operating Cash Flow	193.56	322.86	384.76	88.11	290.58
Operating Cash Flow Growth	-40.05%	-16.09%	336.69%	-69.68%	18.05%
Capital Expenditures	-9.57	-12.28	-8.76	-7.49	-5.54
Sale of Property, Plant & Equipment	1.31	0.35	0.38	31.46	0.39
Cash Acquisitions	-355.1	-44.98	-12.84	-25.21	-35.83
Divestitures	-	-	-	-	1.83
Sale (Purchase) of Intangibles	-20.15	-19.15	-12.62	-7.19	-5.09
Investment in Securities	-2.32	-3.67	-3.78	-0.36	-3.73
Investing Cash Flow	-385.84	-79.73	-37.61	-8.79	-47.97
Short-Term Debt Issued	204.91	23.75	-	-	13.56
Long-Term Debt Issued	250	-	-	-	-
Total Debt Issued	454.91	23.75	-	-	13.56
Short-Term Debt Repaid	-	-	-8.33	-15.97	-
Long-Term Debt Repaid	-87.85	-140.58	-51.81	-106.5	-88.28
Total Debt Repaid	-87.85	-140.58	-60.13	-122.47	-88.28
Net Debt Issued (Repaid)	367.06	-116.83	-60.13	-122.47	-74.72
Repurchase of Common Stock	-	-	-51.22	-48.95	-
Common Dividends Paid	-68.07	-59.94	-57.11	-53.76	-43.57
Other Financing Activities	-0.05	-	-	-	-
Financing Cash Flow	298.94	-176.77	-168.46	-225.19	-118.29
Foreign Exchange Rate Adjustments	-7.69	-0.81	7.96	7.34	9.76
Net Cash Flow	98.98	65.54	186.65	-138.53	134.08
Free Cash Flow	183.99	310.58	376	80.61	285.04
Free Cash Flow Growth	-40.76%	-17.40%	366.42%	-71.72%	19.09%
Free Cash Flow Margin	1.36%	3.27%	3.77%	0.70%	2.46%
Free Cash Flow Per Share	14.54	25.35	30.62	6.32	22.23
Cash Interest Paid	53.5	35.31	37.12	28.07	16.91
Cash Income Tax Paid	61.46	55.62	41.57	53.38	50.58
Levered Free Cash Flow	41.91	242.35	343.41	45.21	200.46
Unlevered Free Cash Flow	76.36	263.4	365.32	63.01	211.44
Change in Working Capital	-4.54	192.5	231.33	-85.38	92.84

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