| EUR millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | (30.5) | 62.1 | (11.2) | (54.2) | (84.6) | 37.5 | +144.4% | |
| Depreciation & amortization | 0.5 | 0.5 | 0.7 | 0.6 | 0.9 | 1.1 | +26.7% | |
| Stock-based compensation | 1.1 | 0.5 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Change in working capital | 13.5 | (8.4) | (17.0) | 10.7 | (12.6) | 29.9 | +337.8% | |
| Operating cash flow | 105.2 | 65.3 | 63.1 | 87.3 | 59.3 | 75.4 | +27.1% | |
| Capital expenditure | 24.0 | (0.5) | (1.7) | (0.4) | 0.0 | 0.0 | — | |
| Acquisitions | (19.1) | (25.1) | (29.3) | (12.8) | 54.5 | (0.3) | −100.5% | |
| Investing cash flow | (46.0) | (101.4) | (73.8) | (11.0) | 102.8 | (29.5) | −128.7% | |
| Dividends paid | (108.3) | (66.3) | (59.8) | (1.1) | (0.8) | (15.0) | −1731.2% | |
| Share buybacks | (8.3) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Debt issued / repaid | 305.4 | (4.5) | (181.4) | 160.1 | (202.8) | 49.7 | +124.5% | |
| Financing cash flow | 177.1 | (72.8) | (243.9) | 153.8 | (225.2) | 32.1 | +114.2% | |
| Free cash flow | 129.2 | 64.8 | 61.3 | 86.8 | 59.3 | 75.4 | +27.1% | |
| Net change in cash | 236.1 | (109.1) | (255.0) | 232.5 | (62.7) | 77.0 | +222.9% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
