AS Infortar 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	72.66	191.25	293.78	95.94	18.69
Depreciation & Amortization	121.52	42.47	18.3	9.68	8.84
Other Amortization	-	14.72	1.35	0.73	1.04
Loss (Gain) From Sale of Assets	-0.48	-0.96	-0.09	-0.23	-0.8
Asset Writedown & Restructuring Costs	-	-11.91	-39.64	10.49	-4.54
Loss (Gain) on Equity Investments	-4.25	-	-	-8.16	23.95
Other Operating Activities	29.77	-103.88	-76.09	-50.63	-26.62
Change in Accounts Receivable	-0.2	52.02	54.54	-116.07	-76.38
Change in Inventory	131.38	-12.83	-61.91	3.67	-36.34
Change in Accounts Payable	40.16	-81.28	-0.41	55.61	75.28
Change in Other Net Operating Assets	-1.94	-0.32	-	-	-
Operating Cash Flow	388.63	89.29	189.83	1.04	-16.88
Operating Cash Flow Growth	335.26%	-52.96%	18170.65%	-	-
Capital Expenditures	-76.75	-27.84	-18.4	-14.25	-31.21
Sale of Property, Plant & Equipment	84.58	1.56	-	-	-
Cash Acquisitions	-43.88	-111.68	-103.41	-	-0.16
Divestitures	-	-	-	-	0.01
Sale (Purchase) of Real Estate	-3.35	-10.35	-18.3	-23.88	-0.32
Investment in Securities	0.01	-	-10.31	-4.9	-16.54
Other Investing Activities	3.04	25.82	2.69	0.99	1.33
Investing Cash Flow	-31.82	-120.58	-141.08	-48.47	-51.24
Short-Term Debt Issued	1.22	12.86	14.35	-	6.16
Long-Term Debt Issued	103.38	358.96	287.61	196.65	167.83
Total Debt Issued	104.6	371.82	301.95	196.65	173.99
Short-Term Debt Repaid	-	-	-	-9.46	-
Long-Term Debt Repaid	-289.63	-163.09	-315.08	-100.87	-78.97
Total Debt Repaid	-289.63	-163.09	-315.08	-110.33	-78.97
Net Debt Issued (Repaid)	-185.03	208.73	-13.13	86.32	95.02
Common Dividends Paid	-76.51	-61	-15.75	-16.11	-
Other Financing Activities	-43.08	-35.98	7.24	-7.96	-4.48
Financing Cash Flow	-304.62	111.75	-21.64	62.25	90.54
Net Cash Flow	52.19	80.46	27.11	14.82	22.42
Free Cash Flow	311.89	61.45	171.44	-13.21	-48.09
Free Cash Flow Growth	407.52%	-64.15%	-	-	-
Free Cash Flow Margin	16.98%	4.48%	15.81%	-1.25%	-11.66%
Free Cash Flow Per Share	14.89	2.93	8.26	-2.07	-158.45
Cash Interest Paid	-	39.15	22.22	7.96	4.48
Cash Income Tax Paid	-	10.55	0.27	4.05	-
Levered Free Cash Flow	243.35	145.52	152.39	-149.92	-52.71
Unlevered Free Cash Flow	271.9	169.44	166.49	-144.78	-50.11
Change in Working Capital	169.4	-42.41	-7.78	-56.79	-37.44

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