BALMUDA 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	-1,591	97	-1,846	14	1,461
Depreciation & Amortization	348	399	497	544	334
Loss (Gain) From Sale of Assets	-	-	65	-	1
Other Operating Activities	-9	26	99	-446	-625
Change in Accounts Receivable	565	55	237	2,660	-3,043
Change in Inventory	-130	1,478	1,053	-1,265	-1,290
Change in Accounts Payable	-322	-405	-	-642	290
Change in Other Net Operating Assets	562	-302	141	-25	-366
Operating Cash Flow	-577	1,348	246	840	-3,238
Operating Cash Flow Growth	-	447.97%	-70.71%	-	-
Capital Expenditures	-313	-185	-398	-357	-570
Sale of Property, Plant & Equipment	-	-	1	-	-
Sale (Purchase) of Intangibles	-75	-15	-40	-252	-311
Other Investing Activities	-41	-5	66	-12	-83
Investing Cash Flow	-429	-205	-371	-621	-964
Short-Term Debt Issued	400	-	-	-	500
Long-Term Debt Issued	300	-	800	650	200
Total Debt Issued	700	-	800	650	700
Short-Term Debt Repaid	-	-500	-200	-	-
Long-Term Debt Repaid	-358	-514	-572	-658	-423
Total Debt Repaid	-358	-1,014	-772	-658	-423
Net Debt Issued (Repaid)	342	-1,014	28	-8	277
Issuance of Common Stock	-	6	16	14	461
Other Financing Activities	-1	-	-	-1	-
Financing Cash Flow	341	-1,008	44	5	738
Foreign Exchange Rate Adjustments	-6	44	2	20	12
Miscellaneous Cash Flow Adjustments	-1	-1	1	1	-
Net Cash Flow	-672	178	-78	245	-3,452
Free Cash Flow	-890	1,163	-152	483	-3,808
Free Cash Flow Margin	-8.80%	9.33%	-1.17%	2.74%	-20.72%
Free Cash Flow Per Share	-104.67	137.15	-18.02	56.97	-449.68
Cash Interest Paid	12	12	16	15	16
Cash Income Tax Paid	7	-28	-99	444	626
Levered Free Cash Flow	-25.75	1,048	440.63	343.88	-4,225
Unlevered Free Cash Flow	-18.25	1,055	450.63	353.88	-4,215
Change in Working Capital	675	826	1,431	728	-4,409

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