DelfinGroup AS 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	2020 - 2016
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 - 2016
Net Income	9.61	7.28	6.63	5.96	4.02	Upgrade
Depreciation & Amortization	2.23	1.18	1.02	1.03	1.06	Upgrade
Other Amortization	-	0.66	0.3	0.15	0.08	Upgrade
Provision for Credit Losses	21.21	15.1	10.69	6.16	2.81	Upgrade
Stock-Based Compensation	0.05	0.05	0.08	0.09	-	Upgrade
Change in Accounts Payable	0.71	1.51	0.71	0	-0.06	Upgrade
Change in Other Net Operating Assets	-52	-38.6	-31.04	-29.87	-11.3	Upgrade
Other Operating Activities	-1.33	-1.85	-1.71	-0.46	-0.19	Upgrade
Operating Cash Flow	-18.46	-15.25	-14.43	-17.97	-3.31	Upgrade
Capital Expenditures	-0.32	-0.42	-0.44	-0.2	-0.16	Upgrade
Sale (Purchase) of Intangibles	-0.72	-1.1	-1.29	-0.5	-0.29	Upgrade
Investment in Securities	-2.5	-0.55	-0.45	-	-	Upgrade
Net Decrease (Increase) in Loans Originated / Sold - Investing	-	-	-	-	0.57	Upgrade
Other Investing Activities	-	-	-	-	-0.09	Upgrade
Investing Cash Flow	-3.54	-2.06	-2.18	-0.7	-0.07	Upgrade
Long-Term Debt Issued	51.88	46.39	63.03	44.22	31.74	Upgrade
Long-Term Debt Repaid	-23.53	-29.18	-39.83	-20.21	-34.2	Upgrade
Net Debt Issued (Repaid)	28.35	17.21	23.21	24	-2.45	Upgrade
Issuance of Common Stock	0	0	0.01	-	8.09	Upgrade
Common Dividends Paid	-4.46	-3.73	-	-5.42	-3.21	Upgrade
Other Financing Activities	-	-	-	-	-0.66	Upgrade
Financing Cash Flow	23.9	13.48	19.72	18.58	1.25	Upgrade
Net Cash Flow	1.89	-3.83	3.11	-0.09	-2.13	Upgrade
Free Cash Flow	-18.79	-15.67	-14.87	-18.17	-3.47	Upgrade
Free Cash Flow Margin	-42.44%	-42.42%	-47.74%	-72.84%	-18.69%	Upgrade
Free Cash Flow Per Share	-0.41	-0.34	-0.33	-0.40	-0.08	Upgrade
Cash Interest Paid	-	11.5	9.75	5.04	4.11	Upgrade
Cash Income Tax Paid	-	1.8	0.78	0.98	0.75	Upgrade

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