Medika d.d. Cash Flow Statement

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

Millions EUR. 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	27.79	20.31	20.08	15.5	13.24
Depreciation & Amortization	5.61	4.35	3.89	4.04	3.89
Other Amortization	0.5	0.44	0.44	-	-
Loss (Gain) From Sale of Assets	-0.1	-0.14	-1.08	-0.9	-0.08
Asset Writedown & Restructuring Costs	-	-	-	0.12	-
Loss (Gain) on Equity Investments	-0.55	-0.51	-0.43	-0.43	-0.38
Stock-Based Compensation	0.2	0.48	0.47	0.45	0.67
Provision & Write-off of Bad Debts	0.37	0.17	0.08	0.09	-0.1
Other Operating Activities	4.33	1.55	-1.57	-0.68	-0.11
Change in Accounts Receivable	-58.87	-46.3	-31.31	-37.15	41.72
Change in Inventory	-22.71	-15.07	-17.34	-15.42	1.3
Change in Accounts Payable	64.77	6.06	48.69	43.52	-15.79
Operating Cash Flow	21.32	-28.69	21.95	9.13	44.36
Operating Cash Flow Growth	-	-	140.38%	-79.42%	208.98%
Capital Expenditures	-5.43	-3.47	-2.37	-1.8	-8.48
Sale of Property, Plant & Equipment	0.17	0.18	2.99	0.96	0.36
Cash Acquisitions	-0.88	-	-2.1	-1.62	-1.4
Sale (Purchase) of Intangibles	-3.38	-0.73	-0.38	-0.45	-0.94
Investment in Securities	0.46	0.65	0.4	0.42	0.16
Other Investing Activities	-0.23	28.88	-29.87	2.64	1.52
Investing Cash Flow	-8.76	25.65	-30.96	0.93	-7.8
Long-Term Debt Issued	197	189	98	69.02	64.8
Long-Term Debt Repaid	-192.64	-178.58	-125.11	-30.81	-99
Net Debt Issued (Repaid)	4.36	10.42	-27.11	38.2	-34.2
Issuance of Common Stock	-	-	-	-	3.6
Common Dividends Paid	-	-5.79	-6.23	-5.38	-5.08
Other Financing Activities	-1.61	-1.55	-1.45	-	-
Financing Cash Flow	2.75	3.07	-34.79	32.82	-35.68
Net Cash Flow	15.31	0.04	-43.8	42.88	0.88
Free Cash Flow	15.9	-32.16	19.58	7.33	35.88
Free Cash Flow Growth	-	-	167.07%	-79.56%	175.46%
Free Cash Flow Margin	1.66%	-3.86%	2.61%	1.17%	6.53%
Free Cash Flow Per Share	549.01	-1110.66	676.38	253.26	1270.88
Cash Interest Paid	2.1	1.86	1.69	0.34	0.63
Cash Income Tax Paid	4.81	4.88	5.88	3.98	2.75
Levered Free Cash Flow	-4.22	-38.95	20.35	5.35	28.62
Unlevered Free Cash Flow	-2.9	-37.71	21.43	5.58	28.99
Change in Working Capital	-16.82	-55.31	0.04	-9.05	27.24

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