EMS-CHEMIE HOLDING AG Cash Flow Statement

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

Millions CHF. 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	466.51	460.79	457.58	532.1	550.32
Depreciation & Amortization	53.92	51.18	48.32	50.42	55.44
Other Amortization	1.36	1.4	1.31	-	-
Loss (Gain) From Sale of Assets	0.85	0.78	0.56	0.1	0.75
Other Operating Activities	15.31	16.85	-60.65	-6.34	2.27
Change in Other Net Operating Assets	-3.6	-50.64	129.36	-210.39	-90.46
Operating Cash Flow	534.34	480.37	576.47	365.89	518.31
Operating Cash Flow Growth	11.24%	-16.67%	57.55%	-29.41%	9.92%
Capital Expenditures	-28.04	-32	-49.29	-93.88	-78.95
Sale of Property, Plant & Equipment	0.67	0.37	0.48	0.46	0.9
Sale (Purchase) of Intangibles	-0.33	-0.81	-0.1	-0.08	-0.97
Sale (Purchase) of Real Estate	-0.02	-0.04	-	-0.01	-0.01
Investment in Securities	-1.26	199.72	-98.15	-105.18	-20.36
Other Investing Activities	6.33	9.4	45.29	474.39	-61.33
Investing Cash Flow	-22.65	176.64	-101.77	275.7	-160.71
Long-Term Debt Issued	21.82	-	23.25	-	-
Long-Term Debt Repaid	-4.19	-26.59	-4.41	-7.68	-7.44
Net Debt Issued (Repaid)	17.63	-26.59	18.84	-7.68	-7.44
Common Dividends Paid	-403.46	-374.22	-467.78	-385.92	-304.06
Other Financing Activities	-35.58	-2.91	-2.3	-1.64	-0.44
Financing Cash Flow	-421.41	-403.72	-451.24	-500.49	-405.48
Foreign Exchange Rate Adjustments	-5.55	0.71	-7.65	-3.14	3.13
Miscellaneous Cash Flow Adjustments	0	-	-	-	-
Net Cash Flow	84.73	253.99	15.82	137.97	-44.75
Free Cash Flow	506.3	448.37	527.18	272.01	439.36
Free Cash Flow Growth	12.92%	-14.95%	93.81%	-38.09%	3.79%
Free Cash Flow Margin	25.71%	21.45%	23.82%	10.99%	19.25%
Free Cash Flow Per Share	21.65	19.17	22.54	11.63	18.79
Cash Interest Paid	0.47	1.32	0.8	0.75	0.67
Cash Income Tax Paid	75.15	83.41	97.25	74.43	78.41
Levered Free Cash Flow	400.88	298.95	513.46	626.47	195.17
Unlevered Free Cash Flow	401.44	299.66	513.96	626.94	195.59
Change in Working Capital	-3.6	-50.64	129.36	-210.39	-90.46

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