Risk Intelligence 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 - 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	-5.87	-8.55	-11.49	-10.33	-5.51	Upgrade
Depreciation & Amortization	3.18	0.27	2.54	-	1.91	Upgrade
Other Amortization	-	2.8	-	-	-	Upgrade
Other Operating Activities	-1.66	-2.36	-2.83	-0.06	-1.15	Upgrade
Change in Other Net Operating Assets	-1.31	4.01	3.77	2.93	-1.36	Upgrade
Operating Cash Flow	-5.65	-3.83	-8.01	-7.46	-6.11	Upgrade
Capital Expenditures	-0.01	-	-0.46	-0.27	-0.38	Upgrade
Sale of Property, Plant & Equipment	-	0.21	-	-	-	Upgrade
Sale (Purchase) of Intangibles	-1.89	-2.12	-5.01	-1.25	-2.51	Upgrade
Investment in Securities	-0.01	-	-	-0.03	-0.01	Upgrade
Other Investing Activities	-	0.04	0.07	-	-	Upgrade
Investing Cash Flow	-1.92	-1.87	-5.41	-1.54	-2.9	Upgrade
Long-Term Debt Issued	7.61	6.88	-	5.51	1	Upgrade
Long-Term Debt Repaid	-0.25	-0.34	-7.22	-	-0.09	Upgrade
Total Debt Repaid	-0.25	-0.34	-7.22	-	-0.09	Upgrade
Net Debt Issued (Repaid)	7.36	6.54	-7.22	5.51	0.91	Upgrade
Issuance of Common Stock	-	-	20.44	-	11.31	Upgrade
Other Financing Activities	-0.14	-0	-0.13	-	-	Upgrade
Financing Cash Flow	7.22	6.54	13.09	5.51	12.22	Upgrade
Miscellaneous Cash Flow Adjustments	0	-	0	-	-	Upgrade
Net Cash Flow	-0.35	0.83	-0.33	-3.49	3.21	Upgrade
Free Cash Flow	-5.67	-3.83	-8.47	-7.73	-6.49	Upgrade
Free Cash Flow Margin	-20.70%	-15.07%	-43.22%	-43.57%	-39.62%	Upgrade
Free Cash Flow Per Share	-0.22	-0.15	-0.32	-0.69	-0.59	Upgrade
Cash Interest Paid	4.86	4.64	4.55	3.32	1.92	Upgrade
Levered Free Cash Flow	-6.73	5.67	-18.66	1.35	6.96	Upgrade
Unlevered Free Cash Flow	-3.69	7.35	-16.49	2.8	8.23	Upgrade
Change in Working Capital	-1.31	4.01	3.77	2.93	-1.36	Upgrade

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