TLV:HGGE 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	8.14	-3.98	-6.92	-0.95	-5.7
Depreciation & Amortization	0.2	0.18	0.15	0.15	0.14
Asset Writedown & Restructuring Costs	-9.82	-7.78	0.5	-5.15	-1.63
Stock-Based Compensation	-	0.28	0.99	2.38	3.07
Other Operating Activities	-0.03	8.73	2.44	2.62	7.56
Change in Accounts Receivable	-4.07	0.18	-0.25	2.2	-2.39
Change in Inventory	-6.84	-0.2	-12	-9.47	6.25
Change in Accounts Payable	0.9	-0.06	-1.35	0.26	0.41
Change in Other Net Operating Assets	-2.21	-1.04	-2.58	-2.85	-3.87
Operating Cash Flow	-13.72	-3.7	-19.02	-10.83	3.84
Capital Expenditures	-0.21	-0.05	-0.27	-0.02	-0.01
Cash Acquisitions	-13.87	-	-	-	-
Sale (Purchase) of Real Estate	-11.55	-5.19	-1.64	-3.58	-10.74
Other Investing Activities	-2.27	-0.04	0.42	14.19	-2.62
Investing Cash Flow	-27.89	-5.28	-1.48	10.59	-13.37
Long-Term Debt Issued	91.04	7.42	27.99	11.52	42.33
Total Debt Issued	91.04	7.42	27.99	11.52	42.33
Short-Term Debt Repaid	-	-	-	-1.27	-
Long-Term Debt Repaid	-41.13	-5.86	-12.61	-7.26	-37.94
Total Debt Repaid	-41.13	-5.86	-12.61	-8.53	-37.94
Net Debt Issued (Repaid)	49.91	1.57	15.39	2.99	4.39
Issuance of Common Stock	12.44	9.91	-	-	27.14
Other Financing Activities	-6.16	-3.06	2.94	-2.03	-6.85
Financing Cash Flow	56.19	8.42	18.32	0.96	24.68
Foreign Exchange Rate Adjustments	-0.41	0.18	-0.59	-0.01	0.03
Net Cash Flow	14.18	-0.38	-2.76	0.71	15.17
Free Cash Flow	-13.93	-3.75	-19.28	-10.85	3.82
Free Cash Flow Margin	-89.26%	-74.70%	-332.68%	-52.87%	13.69%
Free Cash Flow Per Share	-0.24	-0.08	-0.45	-0.26	0.11
Cash Interest Paid	-	3.93	2.74	1.17	3.27
Levered Free Cash Flow	-17.94	-7.24	-26.35	5.09	-5.48
Unlevered Free Cash Flow	-12.09	-3.42	-23.62	6.88	-3.72
Change in Working Capital	-12.21	-1.13	-16.18	-9.87	0.4

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