Materialise NV (MTLS)

Materialise NV Cash Flow Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	4.43	13.44	6.72	-2.12	13.15	-7.04
Depreciation & Amortization	17.99	18.04	18.54	21.15	18.72	17.45
Other Amortization	3.76	3.76	3.03	1.42	1.83	2.22
Loss (Gain) From Sale of Assets	-0.22	-0.31	-0.42	0.35	0.21	0.01
Asset Writedown & Restructuring Costs	-	-	4.23	-	0.18	4.61
Loss (Gain) on Equity Investments	-	-	-	-	-	0.04
Stock-Based Compensation	0.26	0.29	0.04	-0.14	-1.04	0.75
Provision & Write-off of Bad Debts	0.23	0.24	0.5	-0.02	0.26	0.52
Other Operating Activities	-0.34	-2.58	0.09	0.64	-1.57	-1.09
Change in Accounts Receivable	3.49	-1.04	-3.34	-6.33	-10.92	9.21
Change in Inventory	-1.3	-0.37	-0.81	-5.01	-1.42	2.72
Change in Accounts Payable	-3.65	-0.01	-8.44	12.37	6.45	0.58
Operating Cash Flow	26.26	31.46	20.16	22.29	25.85	29.98
Operating Cash Flow Growth	3.26%	56.05%	-9.56%	-13.76%	-13.79%	5.55%
Capital Expenditures	-17.72	-24.65	-9.24	-21.61	-7.93	-11.03
Sale of Property, Plant & Equipment	0.46	0.46	0.72	0.21	0.46	0.55
Cash Acquisitions	-	-2.67	-	-29.29	-0.88	-8.03
Sale (Purchase) of Intangibles	-1.89	-1.73	-2.53	-3.17	-3.79	-6.62
Investment in Securities	-	-	-	-	-	-0.3
Other Investing Activities	2.68	0	-	-	-	-
Investing Cash Flow	-16.47	-28.59	-11.04	-53.86	-13.13	-28.27
Long-Term Debt Repaid	-	-26.39	-20.27	-21.09	-18.05	-17.38
Net Debt Issued (Repaid)	9.68	-26.39	-20.27	-21.09	-18.05	-17.38
Issuance of Common Stock	-	-	-	0.02	88.12	4.11
Other Financing Activities	-2.69	-1.26	-2.1	-1.45	1.09	-3.62
Financing Cash Flow	6.99	-27.64	-22.37	-22.51	71.16	-16.89
Foreign Exchange Rate Adjustments	-0.89	-0.49	-0.05	-1.08	0.62	-2.18
Miscellaneous Cash Flow Adjustments	-0	-0	-	-	-	-
Net Cash Flow	15.89	-25.27	-13.29	-55.16	84.49	-17.36
Free Cash Flow	8.55	6.81	10.92	0.68	17.91	18.95
Free Cash Flow Growth	48.50%	-37.68%	1506.18%	-96.20%	-5.46%	26.90%
Free Cash Flow Margin	3.25%	2.55%	4.26%	0.29%	8.72%	11.12%
Free Cash Flow Per Share	0.14	0.12	0.18	0.01	0.32	0.35
Cash Interest Paid	1.49	1.34	1.75	1.99	2.33	2.27
Cash Income Tax Paid	2.88	3.15	2.74	1.43	1.15	2.62
Levered Free Cash Flow	-5.37	1.21	8.14	-3.7	5.01	14.27
Unlevered Free Cash Flow	-2.49	2.02	9.23	-2.42	6.54	15.71
Change in Working Capital	0.16	-1.42	-12.58	1.02	-5.89	12.51

Updated Oct 28, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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