| EUR millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | (27.0) | 7.5 | 35.5 | 11.5 | 65.1 | 280.2 | +330.6% | |
| Depreciation & amortization | 15.5 | 16.5 | 22.7 | 23.0 | 56.6 | 107.5 | +90.0% | |
| Stock-based compensation | 0.2 | (0.3) | 0.4 | 1.1 | 1.7 | 2.1 | +24.6% | |
| Change in working capital | 10.2 | 1.9 | (30.5) | 20.2 | (32.5) | (15.9) | +51.0% | |
| Operating cash flow | (9.6) | 30.2 | 29.0 | 63.4 | 93.1 | 324.4 | +248.4% | |
| Capital expenditure | (256.1) | (163.4) | (225.4) | (66.9) | (616.0) | (1,186.9) | −92.7% | |
| Acquisitions | 0.0 | 0.0 | 0.0 | 10.4 | 0.0 | 0.0 | — | |
| Investing cash flow | (256.1) | (163.4) | (225.4) | (54.7) | (615.7) | (1,214.3) | −97.2% | |
| Dividends paid | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Share buybacks | 0.0 | 0.0 | 0.0 | 0.0 | (1.3) | (1.6) | −28.5% | |
| Debt issued / repaid | 73.3 | (1.3) | 39.2 | 84.4 | 353.4 | 1,027.9 | +190.9% | |
| Financing cash flow | 338.8 | 71.8 | 213.1 | 70.3 | 482.0 | 983.7 | +104.1% | |
| Free cash flow | (265.7) | (133.2) | (196.4) | (3.5) | (522.9) | (862.5) | −65.0% | |
| Net change in cash | 62.4 | (61.3) | 16.7 | 77.6 | (38.1) | 100.1 | +362.4% |
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.
