Consolidated statement of cash flow
| Unaudited | Audited | ||
|---|---|---|---|
| Amounts in EUR thousand | Note | FY 2025 | FY 2024 |
| Cash flow from operations | |||
| Profit (-loss) before income tax | -26,078 | -20,879 | |
| Taxes paid for the period | -397 | -1,215 | |
| Depreciation, amortization, impairment | 6 | 22,000 | 22,198 |
| Net financial items | 18,803 | 20,680 | |
| Cash settlement derivatives | -8,285 | -7,252 | |
| Change in unrealized currency gains/losses | 1,685 | 18,904 | |
| Change in fair value derivatives | 5 | 6,668 | -14,428 |
| Change in working capital | 1,587 | -4,927 | |
| Net cash flow from operations | 15,981 | 13,081 | |
| Cash flow from investment activities | |||
| Outflows due to purchases of fixed assets and intangibles | 6 | -38,167 | -39,603 |
| Outflows due to investments in subsidiaries | 6 | -22,358 | -6,667 |
| Outflows due to investments in other financial assets | -7 | -508 | |
| Dividend received from equity accounted investments | 5 | 85 | 129 |
| Net cash flow from investment activities | -60,447 | -46,650 | |
| Cash flow from financing activities | |||
| Capital increases | 58,865 | 31,903 | |
| Dividend payments | -109 | -15,251 | |
| Outflows from transactions with non-controlling interest | 693 | 1,126 | |
| Interest paid | -18,776 | -19,042 | |
| Inflows from loan raising | 14,963 | 61,273 | |
| Outflows from loan payments | -5,914 | -36,391 | |
| Net cash flow from financing activities | 49,723 | 23,617 | |
| Currency translation differences | -170 | -1,858 | |
| Net change in bank deposits and cash | 5,258 | -9,952 | |
| Bank deposits and cash at beginning of period | 28,310 | 40,120 | |
| Bank deposits and cash at end of period | 33,397 | 28,310 |