| DKK millions | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | (33.0) | (8.0) | (152.0) | (17.0) | 2.0 | (107.0) | −5450.0% | |
| Depreciation & amortization | 184.0 | 211.0 | 222.0 | 234.0 | 240.0 | 136.0 | −43.3% | |
| Stock-based compensation | 13.0 | 13.0 | 12.0 | 0.0 | 0.0 | 0.0 | — | |
| Change in working capital | 126.0 | (148.0) | 113.0 | (41.0) | 47.0 | (133.0) | −383.0% | |
| Operating cash flow | 297.0 | 76.0 | 198.0 | 226.0 | 256.0 | 104.0 | −59.4% | |
| Capital expenditure | (184.0) | (249.0) | (223.0) | (218.0) | (239.0) | (57.0) | +76.2% | |
| Acquisitions | (134.0) | (181.0) | (169.0) | 0.0 | 0.0 | 6.0 | — | |
| Investing cash flow | (623.0) | (239.0) | (204.0) | (209.0) | (231.0) | (105.0) | +54.5% | |
| Dividends paid | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Share buybacks | (42.0) | (37.0) | 0.0 | 0.0 | (20.0) | (50.0) | −150.0% | |
| Debt issued / repaid | 16.0 | (40.0) | 107.0 | (48.0) | (209.0) | 97.0 | +146.4% | |
| Financing cash flow | 293.0 | 145.0 | 64.0 | (54.0) | (58.0) | (8.0) | +86.2% | |
| Free cash flow | 113.0 | (173.0) | (25.0) | 8.0 | 17.0 | 47.0 | +176.5% | |
| Net change in cash | (37.0) | (16.0) | 54.0 | (39.0) | (32.0) | (11.0) | +65.6% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
