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	41.76	91.99	71.75	52.93	-1,884
Depreciation & Amortization	204.28	103.79	90.99	78.05	63.73
Other Amortization	-	67.23	61.83	59.65	46.91
Asset Writedown & Restructuring Costs	0.53	0.62	-	-	1.6
Loss (Gain) From Sale of Investments	-32.79	-	-	-	-
Loss (Gain) on Equity Investments	221.75	-0.21	-0.14	-0.58	-1.39
Other Operating Activities	-51.26	57.1	42.2	12.46	1,958
Change in Accounts Receivable	-	11.4	-15.41	-6	-21.42
Change in Inventory	-	0.29	0.41	-0.02	-0.35
Change in Accounts Payable	-	7.81	10.74	12.13	9.34
Change in Unearned Revenue	-	7.16	4	0.35	5.8
Change in Other Net Operating Assets	28.4	0.45	-19.8	-5.96	-1.41
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	-7.43	-7.02	-6.55	-4.65
Cash Acquisitions	-273.85	-99.81	-119.18	-129.13	-236.64
Divestitures	-	-	-	-	27.59
Sale (Purchase) of Intangibles	-	-0.85	-0.76	-0.75	-0.73
Investment in Securities	-384.88	-	-0.25	-	-
Other Investing Activities	-0.63	-2.13	-	3.03	1.01
Investing Cash Flow	-670.01	-110.22	-127.2	-133.41	-213.43
Short-Term Debt Issued	115	65	25	85	25
Long-Term Debt Issued	350.21	38.11	38.35	8.59	97.8
Total Debt Issued	465.21	103.11	63.35	93.59	122.8
Short-Term Debt Repaid	-	-	-29.88	-	-
Long-Term Debt Repaid	-49.07	-72.68	-106.01	-26.22	-17.87
Total Debt Repaid	-49.07	-72.68	-135.89	-26.22	-17.87
Net Debt Issued (Repaid)	416.14	30.43	-72.54	67.38	104.93
Preferred Dividends Paid	-	-	-	-66.61	-
Common Dividends Paid	-	-127.64	-	-	-36.43
Dividends Paid	-	-127.64	-	-66.61	-36.43
Other Financing Activities	-35.08	-114.39	-5.44	-8.92	-11.81
Financing Cash Flow	381.07	-211.6	-77.98	-8.16	56.69
Foreign Exchange Rate Adjustments	-3.21	1.29	0.91	-	-
Miscellaneous Cash Flow Adjustments	-	-0	-	-0	-0
Net Cash Flow	120.53	27.1	42.29	61.45	19.69
Free Cash Flow	402.02	340.2	239.54	196.45	171.77
Free Cash Flow Growth	18.17%	42.02%	21.93%	14.37%	14.93%
Free Cash Flow Margin	25.90%	26.27%	21.29%	21.43%	23.13%
Free Cash Flow Per Share	3.10	2.62	1.84	2.44	2.71
Cash Interest Paid	-	23.18	17.2	13.02	9.03
Cash Income Tax Paid	-	55.34	50.28	45.93	39.1
Levered Free Cash Flow	450.05	332.39	236.29	227.17	173.96
Unlevered Free Cash Flow	471.33	346.37	246.27	234.03	179.82
Change in Working Capital	28.4	27.11	-20.06	0.5	-8.04

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