Arco Vara 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	-0.48	-0.62	3.55	0.7	2.07	Upgrade
Depreciation & Amortization	0.1	0.09	0.09	0.11	0.06	Upgrade
Other Operating Activities	-42.68	-6.05	-15.32	-8.58	-4.85	Upgrade
Operating Cash Flow	-43.06	-6.59	-11.67	-7.78	-2.72	Upgrade
Capital Expenditures	-0	-0.01	-0	-0.03	-0.01	Upgrade
Sale of Property, Plant & Equipment	-	-	-	0	-	Upgrade
Divestitures	-0.01	-	-	-	-	Upgrade
Sale (Purchase) of Real Estate	-	-2.28	8.89	0.67	0	Upgrade
Other Investing Activities	0	-	-	-	-	Upgrade
Investing Cash Flow	-0.01	-2.28	8.89	0.65	-0.01	Upgrade
Long-Term Debt Issued	55.52	13.25	14.1	12.18	3.94	Upgrade
Long-Term Debt Repaid	-25.58	-2.19	-11.03	-2.11	-2.74	Upgrade
Net Debt Issued (Repaid)	29.94	11.05	3.07	10.07	1.2	Upgrade
Issuance of Common Stock	17.46	-	-	-	2.25	Upgrade
Common Dividends Paid	-0.45	-0.62	-0.62	-0.62	-0.48	Upgrade
Other Financing Activities	-2.82	-1.31	-1.33	-0.75	-0.59	Upgrade
Financing Cash Flow	44.13	9.12	1.12	8.7	2.39	Upgrade
Miscellaneous Cash Flow Adjustments	-	-	-0.29	-	-	Upgrade
Net Cash Flow	1.06	0.25	-1.96	1.56	-0.34	Upgrade
Free Cash Flow	-43.06	-6.6	-11.68	-7.81	-2.73	Upgrade
Free Cash Flow Margin	-560.27%	-88.20%	-63.66%	-57.86%	-23.47%	Upgrade
Free Cash Flow Per Share	-2.48	-0.62	-1.12	-0.75	-0.29	Upgrade
Cash Interest Paid	2.7	1.31	1.33	0.75	0.59	Upgrade
Cash Income Tax Paid	1.15	2.14	0.73	1.18	2.9	Upgrade
Levered Free Cash Flow	-41.02	-1.19	5.22	-14.56	-3.2	Upgrade
Unlevered Free Cash Flow	-40.67	-0.78	5.46	-14.33	-2.92	Upgrade

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