Amrize AG Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2024
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Net Income	1,182	1,273	955
Depreciation & Amortization	914	889	851
Stock-Based Compensation	14	6	5
Other Adjustments	224	76	108
Change in Receivables	6	189	-82
Changes in Inventories	-61	-146	-7
Changes in Accounts Payable	108	21	88
Changes in Other Operating Activities	-179	-26	118
Operating Cash Flow	2,208	2,282	2,036
Operating Cash Flow Growth	-3.24%	12.08%	-
Capital Expenditures	-788	-642	-630
Sale of Property, Plant & Equipment	41	93	49
Payments for Business Acquisitions	-86	-249	-1,607
Other Investing Activities	472	-410	163
Investing Cash Flow	-361	-1,208	-2,025
Short-Term Debt Repaid	-129	-101	-328
Net Short-Term Debt Issued (Repaid)	-129	-101	-328
Long-Term Debt Issued	4,339	230	1,465
Long-Term Debt Repaid	-5,647	-689	-55
Net Long-Term Debt Issued (Repaid)	-1,308	-459	1,410
Other Financing Activities	804	-312	-13
Financing Cash Flow	-1,555	-537	734
Effect of Exchange Rate Changes on Cash and Cash Equivalents	45	-59	11
Net Cash Flow	337	478	756
Free Cash Flow	1,420	1,640	1,406
Free Cash Flow Growth	-13.41%	16.64%	-
FCF Margin	12.02%	14.01%	12.04%
Free Cash Flow Per Share	2.57	2.97	2.54
Levered Free Cash Flow	-258	810	2,458
Unlevered Free Cash Flow	1,485	1,795	1,785

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.