NORMA Group SE Cash Flow Statement

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	-64.8	14.7	27.83	39.07	55.93	5.67
Depreciation & Amortization	85.25	92.5	74.96	73.62	68.2	70.9
Other Amortization	3.25	3.25	2.95	7.1	7.32	8.27
Loss (Gain) From Sale of Assets	0.24	0.21	0.48	-1.69	0.37	0.94
Asset Writedown & Restructuring Costs	50	-	-	-	-	-
Stock-Based Compensation	-1.02	-0.9	-0.53	-0.58	-0.37	-0.09
Other Operating Activities	16.46	23.45	23.09	11.16	12.36	11.93
Change in Inventory	-10.94	44.66	23.37	-60.36	-46.93	17.21
Change in Accounts Payable	23.39	-26.67	-27.33	25.06	21.9	16.61
Change in Other Net Operating Assets	1.65	-5.91	-3.48	-5.23	-8.46	20.49
Operating Cash Flow	102.99	136.99	118.91	76.62	108.39	133.54
Operating Cash Flow Growth	-38.69%	15.20%	55.21%	-29.31%	-18.84%	-2.58%
Capital Expenditures	-48.92	-54.92	-60.71	-54.5	-46.65	-39.42
Sale of Property, Plant & Equipment	0.72	0.51	0.95	10.02	1.49	0.33
Cash Acquisitions	0	-9.04	-	-	-	-
Investing Cash Flow	-48.2	-63.45	-59.76	-44.49	-45.16	-39.09
Long-Term Debt Issued	-	21.4	119.4	61.94	45.01	43.75
Long-Term Debt Repaid	-	-97.38	-138.39	-75.96	-83.42	-109.99
Net Debt Issued (Repaid)	-59.02	-75.98	-18.99	-14.02	-38.42	-66.24
Common Dividends Paid	-12.75	-14.34	-17.52	-23.9	-22.3	-1.27
Other Financing Activities	-17.67	-23.8	-21.43	-16.6	-10.37	-13.45
Financing Cash Flow	-89.43	-114.12	-57.94	-54.52	-71.09	-80.97
Foreign Exchange Rate Adjustments	-3.01	2.51	-4.67	5.34	8.47	-8.1
Net Cash Flow	-37.65	-38.08	-3.46	-17.05	0.61	5.39
Free Cash Flow	54.07	82.07	58.21	22.12	61.74	94.12
Free Cash Flow Growth	-54.37%	40.99%	163.19%	-64.18%	-34.41%	18.70%
Free Cash Flow Margin	4.84%	7.06%	4.75%	1.77%	5.64%	9.85%
Free Cash Flow Per Share	1.69	2.58	1.83	0.69	1.94	2.95
Cash Interest Paid	23.69	23.69	19.57	11.11	10.09	12.88
Cash Income Tax Paid	24.62	24.62	28.32	32.28	24.62	14.39
Levered Free Cash Flow	-253.39	63.11	50.02	24.4	41.67	125.01
Unlevered Free Cash Flow	-240.09	79.17	64.89	31.15	46.59	132.36
Change in Working Capital	13.6	3.77	-9.88	-52.08	-35.43	35.93

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