Cavendish Hydrogen ASA (OSL:CAVEN)

Cavendish Hydrogen ASA Cash Flow Statement

Financials in millions EUR. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023
Net Income	-24.66	-22.76	-28.89
Depreciation & Amortization	4.27	4.57	4.69
Asset Writedown & Restructuring Costs	0.15	0.05	0.05
Stock-Based Compensation	0.23	0.23	-
Other Operating Activities	9.92	0.32	3.9
Change in Accounts Receivable	-3.73	-3.73	10.4
Change in Inventory	8.99	8.99	-6.35
Change in Accounts Payable	-2.94	-2.94	-4.07
Change in Other Net Operating Assets	-10.67	-8.77	1.46
Operating Cash Flow	-18.43	-24.03	-18.81
Capital Expenditures	-0.5	-1.6	-1.24
Sale of Property, Plant & Equipment	0.01	0.01	-
Sale (Purchase) of Intangibles	-3.43	-6.23	-3.04
Other Investing Activities	0	0	-
Investing Cash Flow	-3.92	-7.82	-4.28
Long-Term Debt Issued	-	2.51	28.36
Long-Term Debt Repaid	-	-0.45	-0.51
Net Debt Issued (Repaid)	-0.44	2.06	27.85
Issuance of Common Stock	-	72.28	-
Other Financing Activities	-0.17	-6.97	-0.72
Financing Cash Flow	-0.62	67.38	27.13
Foreign Exchange Rate Adjustments	-0.06	-0.76	0.33
Net Cash Flow	-23.04	34.76	4.36
Free Cash Flow	-18.93	-25.63	-20.05
Free Cash Flow Margin	-92.57%	-81.75%	-65.96%
Free Cash Flow Per Share	-0.56	-0.76	-0.60
Cash Interest Paid	0.11	0.11	0.09
Levered Free Cash Flow	-16.13	-18.62	-
Unlevered Free Cash Flow	-16.03	-18.46	-
Change in Working Capital	-8.35	-6.45	1.44

Source: S&P Global Market Intelligence. Standard template. Financial Sources.