Medley Cash Flow Statement

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

Millions JPY. 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	-	4,068	3,802	1,523	764
Depreciation & Amortization	-	1,708	701	623	496
Loss (Gain) From Sale of Assets	-	10	-	2	1
Loss (Gain) From Sale of Investments	-	-	-46	-	-
Other Operating Activities	-	-204	241	-262	-125
Change in Accounts Receivable	-	-749	-286	-242	-202
Change in Inventory	-	35	-87	-48	13
Change in Accounts Payable	-	461	592	677	117
Change in Other Net Operating Assets	-	-2,882	-1,046	-260	-26
Operating Cash Flow	-	2,447	3,871	2,013	1,038
Operating Cash Flow Growth	-	-36.79%	92.30%	93.93%	28.94%
Capital Expenditures	-	-66	-196	-146	-63
Sale of Property, Plant & Equipment	-	14	5	36	-
Cash Acquisitions	-	-10,771	-644	-388	-1,910
Sale (Purchase) of Intangibles	-	-222	-207	-232	-178
Investment in Securities	-	1,162	-287	-67	-907
Other Investing Activities	-	-836	-333	46	-236
Investing Cash Flow	-	-10,719	-1,662	-751	-3,294
Long-Term Debt Issued	-	15,700	-	-	-
Total Debt Issued	-	15,700	-	-	-
Short-Term Debt Repaid	-	-	-374	-	-540
Long-Term Debt Repaid	-	-3,147	-903	-1,024	-864
Total Debt Repaid	-	-3,147	-1,277	-1,024	-1,404
Net Debt Issued (Repaid)	-	12,553	-1,277	-1,024	-1,404
Issuance of Common Stock	-	43	101	104	5,398
Repurchase of Common Stock	-	-	-	-	-1,773
Other Financing Activities	-	-697	-42	-7	-1
Financing Cash Flow	-	11,899	-1,218	-927	2,220
Foreign Exchange Rate Adjustments	-	14	9	-	-
Miscellaneous Cash Flow Adjustments	-	-	-	-2	2
Net Cash Flow	-	3,641	1,000	333	-34
Free Cash Flow	-	2,381	3,675	1,867	975
Free Cash Flow Growth	-	-35.21%	96.84%	91.49%	24.52%
Free Cash Flow Margin	-	8.13%	17.90%	13.16%	8.97%
Free Cash Flow Per Share	-	72.85	112.48	57.16	29.70
Cash Interest Paid	-	67	11	10	18
Cash Income Tax Paid	-	1,965	585	496	159
Levered Free Cash Flow	-	1,514	1,998	1,766	736.88
Unlevered Free Cash Flow	-	1,556	2,004	1,773	748.13
Change in Working Capital	-	-3,135	-827	127	-98

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