Topicus.com 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	70.06	149.47	115.43	87.61	-2,222
Depreciation & Amortization	204.28	169.59	151.71	134.94	109.66
Other Adjustments	163.53	56.81	49.76	25.88	2,336
Changes in Income Taxes Payable	-53.6	-55.34	-50.28	-45.93	-39.1
Changes in Other Operating Activities	28.4	27.11	-20.06	0.5	-8.04
Operating Cash Flow	412.68	347.63	246.56	203.01	176.42
Operating Cash Flow Growth	18.71%	40.99%	21.45%	15.07%	16.17%
Capital Expenditures	-10.65	-8.28	-7.78	-7.3	-5.39
Purchases of Investments	-413.25	-	-0.25	-	-
Proceeds from Sale of Investments	28.37	-	-	-	-
Payments for Business Acquisitions	-282.46	-99.81	-119.18	-129.13	-236.64
Other Investing Activities	7.99	-2.13	-	3.03	28.6
Investing Cash Flow	-670.01	-110.22	-127.2	-133.41	-213.43
Short-Term Debt Issued	22.52	7.87	-	-	-
Net Short-Term Debt Issued (Repaid)	22.52	7.87	-	-	-
Long-Term Debt Issued	442.4	94.94	63.35	91.78	122.8
Long-Term Debt Repaid	-18.64	-47.79	-114.1	-4.38	-0.41
Net Long-Term Debt Issued (Repaid)	423.77	47.15	-50.75	87.4	122.39
Common Dividends Paid	-	-127.64	-	-	-54.6
Preferred Share Dividends Paid	-	-	-	-66.61	-
Other Financing Activities	-65.22	-138.99	-27.22	-28.94	-11.09
Financing Cash Flow	381.07	-211.6	-77.98	-8.16	56.69
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-3.21	1.29	0.91	0	0
Net Cash Flow	120.53	27.1	42.29	61.45	19.69
Free Cash Flow	402.02	339.34	238.78	195.71	171.04
Free Cash Flow Growth	18.47%	42.12%	22.01%	14.42%	14.44%
FCF Margin	25.90%	26.21%	21.23%	21.35%	23.03%
Free Cash Flow Per Share	-	2.61	1.84	1.51	1.32
Levered Free Cash Flow	656.47	280.09	94.59	222.55	-1,705
Unlevered Free Cash Flow	319.64	301.11	205.3	177.44	172.16

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