| EUR millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | (10.3) | (87.6) | (18.9) | (55.1) | (98.0) | (53.0) | +45.9% | |
| Depreciation & amortization | 1.6 | 3.5 | 4.3 | 4.9 | 6.7 | 10.2 | +51.8% | |
| Stock-based compensation | 0.0 | 0.0 | 2.8 | 1.5 | 3.9 | 0.0 | −100.0% | |
| Change in working capital | (6.2) | 4.5 | (25.9) | 27.0 | (18.0) | (1.5) | +91.7% | |
| Operating cash flow | (12.6) | (18.3) | (57.8) | (20.7) | (16.3) | (47.5) | −191.7% | |
| Capital expenditure | (6.6) | (5.6) | (11.1) | (9.9) | (1.4) | (2.8) | −97.4% | |
| Acquisitions | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Investing cash flow | (6.6) | (5.6) | (10.9) | (9.9) | (1.3) | (3.1) | −141.8% | |
| Dividends paid | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Share buybacks | 0.0 | (20.0) | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Debt issued / repaid | 9.9 | (17.8) | (8.2) | 10.4 | 1.7 | 1.1 | −35.4% | |
| Financing cash flow | 9.9 | 126.0 | (8.7) | 25.5 | 10.6 | 35.1 | +230.9% | |
| Free cash flow | (19.2) | (23.9) | (68.9) | (30.6) | (17.7) | (50.3) | −184.2% | |
| Net change in cash | (9.3) | 101.8 | (67.4) | (5.3) | (6.3) | (13.2) | −108.8% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
Statements are reported in EUR; the shares trade in USD.
