Topicus.com Cash Flow Statement

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	54.99	70.06	149.47	115.43	87.61	-2,222
Depreciation & Amortization	214.13	204.28	169.59	151.71	134.94	109.66
Other Adjustments	220.14	163.53	56.81	49.76	25.88	2,336
Changes in Income Taxes Payable	-59.1	-53.6	-55.34	-50.28	-45.93	-39.1
Changes in Other Operating Activities	11.88	28.4	27.11	-20.06	0.5	-8.04
Operating Cash Flow	421.72	412.68	347.63	246.56	203.01	176.42
Operating Cash Flow Growth	7.70%	18.71%	40.99%	21.45%	15.07%	16.17%
Capital Expenditures	-10.99	-10.65	-8.28	-7.78	-7.3	-5.39
Purchases of Investments	-245.27	-413.25	-	-0.25	-	-
Proceeds from Sale of Investments	-	28.37	-	-	-	-
Payments for Business Acquisitions	-253.97	-282.46	-99.81	-119.18	-129.13	-236.64
Other Investing Activities	7.39	7.99	-2.13	-	3.03	28.6
Investing Cash Flow	-483.1	-670.01	-110.22	-127.2	-133.41	-213.43
Short-Term Debt Issued	28.18	22.52	7.87	-	-	-
Net Short-Term Debt Issued (Repaid)	28.18	22.52	7.87	-	-	-
Long-Term Debt Issued	156.89	442.4	94.94	63.35	91.78	122.8
Long-Term Debt Repaid	-15.48	-18.64	-47.79	-114.1	-4.38	-0.41
Net Long-Term Debt Issued (Repaid)	141.41	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	-69.64	-65.22	-138.99	-27.22	-28.94	-11.09
Financing Cash Flow	99.96	381.07	-211.6	-77.98	-8.16	56.69
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-3.72	-3.21	1.29	0.91	0	0
Net Cash Flow	34.87	120.53	27.1	42.29	61.45	19.69
Free Cash Flow	410.73	402.02	339.34	238.78	195.71	171.04
Free Cash Flow Growth	2.17%	18.47%	42.12%	22.01%	14.42%	14.44%
FCF Margin	25.16%	25.90%	26.21%	21.23%	21.35%	23.03%
Free Cash Flow Per Share	3.16	3.10	2.61	1.84	1.51	1.32
Levered Free Cash Flow	356.68	656.47	280.09	94.59	222.55	-1,705
Unlevered Free Cash Flow	306.23	319.64	301.11	205.3	177.44	172.16

Updated May 5, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.