Alefarm Brewing Cash Flow Statement

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

Millions DKK. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	2020 - 2019
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	2020 - 2019
Net Income	-1.52	-3.22	-3.53	-6.56	-2.65	Upgrade
Depreciation & Amortization	1.56	1.66	1.66	1.62	1.2	Upgrade
Other Amortization	0.25	0.05	0.1	0.1	-	Upgrade
Other Operating Activities	-	-	-	1.35	-0.44	Upgrade
Change in Accounts Receivable	-0.09	-0.4	0.12	0.54	1.29	Upgrade
Change in Inventory	0.68	-0.34	0	-0.73	-1.86	Upgrade
Change in Other Net Operating Assets	0.02	0.83	0.19	-0.28	-0.41	Upgrade
Operating Cash Flow	0.9	-1.43	-1.45	-3.96	-2.87	Upgrade
Capital Expenditures	-0.27	-0.88	-0.1	-1.05	-4.46	Upgrade
Cash Acquisitions	-	-	-	-0.03	-0.08	Upgrade
Sale (Purchase) of Intangibles	-0.17	-0.54	-0.4	-0.7	-0.25	Upgrade
Other Investing Activities	-0.01	-0.07	-0.04	0.05	-0.1	Upgrade
Investing Cash Flow	-0.44	-1.49	-0.54	-1.74	-4.89	Upgrade
Long-Term Debt Issued	-	0.32	-	-	-	Upgrade
Long-Term Debt Repaid	-0.08	-	-	-	-	Upgrade
Net Debt Issued (Repaid)	-0.08	0.32	-	-	-	Upgrade
Issuance of Common Stock	-	1.5	-	-	-	Upgrade
Financing Cash Flow	-0.08	1.82	-	-	-	Upgrade
Miscellaneous Cash Flow Adjustments	-0	0	-	-	-	Upgrade
Net Cash Flow	0.38	-1.1	-1.99	-5.7	-7.76	Upgrade
Free Cash Flow	0.63	-2.31	-1.56	-5.01	-7.33	Upgrade
Free Cash Flow Margin	5.49%	-23.26%	-17.72%	-58.71%	-84.73%	Upgrade
Free Cash Flow Per Share	0.04	-0.16	-0.12	-0.37	-0.55	Upgrade
Cash Income Tax Paid	-	-	-	-	-0.19	Upgrade
Levered Free Cash Flow	1.04	-1.75	-0.63	-2.45	-6.96	Upgrade
Unlevered Free Cash Flow	1.25	-1.55	-0.5	-2.3	-6.78	Upgrade
Change in Working Capital	0.61	0.09	0.32	-0.47	-0.98	Upgrade

Source: S&P Capital IQ. Standard template. Financial Sources.