VELTRA 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	107	-421	-103	-739	-1,120
Depreciation & Amortization	181	168	145	188	200
Loss (Gain) From Sale of Investments	-	93	-	-	-
Other Operating Activities	-15	-28	-79	-38	100
Change in Accounts Receivable	138	-514	-1,058	-697	-115
Change in Accounts Payable	439	730	1,436	1,028	129
Change in Other Net Operating Assets	70	431	851	404	129
Operating Cash Flow	920	459	1,192	146	-677
Operating Cash Flow Growth	100.44%	-61.49%	716.44%	-	-
Capital Expenditures	-400	-351	-137	-109	-81
Investment in Securities	-12	-	-100	-	-
Other Investing Activities	24	-85	-115	51	38
Investing Cash Flow	-388	-436	-352	-58	-43
Short-Term Debt Issued	-	-	-	500	-
Total Debt Issued	-	-	-	500	-
Short-Term Debt Repaid	-	-500	-	-	-600
Long-Term Debt Repaid	-	-	-	-25	-124
Total Debt Repaid	-	-500	-	-25	-724
Net Debt Issued (Repaid)	-	-500	-	475	-724
Issuance of Common Stock	-	509	8	965	1,544
Other Financing Activities	-	1,343	-	-1	150
Financing Cash Flow	-	1,352	8	1,439	970
Foreign Exchange Rate Adjustments	-11	94	46	74	31
Miscellaneous Cash Flow Adjustments	-1	2	2	-	-2
Net Cash Flow	520	1,471	896	1,601	279
Free Cash Flow	520	108	1,055	37	-758
Free Cash Flow Growth	381.48%	-89.76%	2751.35%	-	-
Free Cash Flow Margin	11.35%	2.51%	33.78%	3.18%	-154.06%
Free Cash Flow Per Share	14.21	2.96	29.66	1.07	-23.00
Cash Interest Paid	-	2	2	-	1
Cash Income Tax Paid	18	30	77	39	-36
Levered Free Cash Flow	534.63	225.75	1,169	424.13	-338.88
Unlevered Free Cash Flow	534.63	227	1,170	424.13	-338.25
Change in Working Capital	647	647	1,229	735	143