| EUR billions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 0.8 | 0.0 | (0.5) | 0.1 | 0.5 | 0.8 | +55.9% | |
| Depreciation & amortization | 0.6 | 0.6 | 0.8 | 0.6 | 0.9 | 1.0 | +21.3% | |
| Stock-based compensation | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | +46.4% | |
| Change in working capital | (0.8) | (0.7) | 0.0 | 0.4 | 0.4 | (0.1) | −115.7% | |
| Operating cash flow | 0.7 | 1.0 | (0.2) | 1.0 | 2.3 | 2.3 | −2.0% | |
| Capital expenditure | (0.4) | (0.5) | (0.4) | (0.5) | (0.7) | (0.8) | −22.5% | |
| Acquisitions | 0.2 | 0.0 | 0.0 | 0.0 | 0.0 | (0.0) | — | |
| Investing cash flow | (0.3) | (0.9) | (0.7) | (0.8) | (1.3) | (1.2) | +13.2% | |
| Dividends paid | (0.2) | (0.2) | (0.1) | 0.0 | 0.0 | (0.1) | — | |
| Share buybacks | 0.0 | (0.0) | 0.0 | (0.0) | (0.0) | (0.3) | −605.0% | |
| Debt issued / repaid | (0.0) | (0.5) | 0.9 | 0.8 | (0.4) | (0.2) | +57.1% | |
| Financing cash flow | (0.2) | (0.7) | 0.8 | 0.7 | (0.5) | (0.5) | −13.8% | |
| Free cash flow | 0.4 | 0.5 | (0.6) | 0.6 | 1.7 | 1.5 | −11.9% | |
| Net change in cash | 0.2 | (0.6) | (0.0) | 0.9 | 0.5 | 0.6 | +13.6% |
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 DKK.
