| EUR millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | (64.0) | (52.8) | (58.1) | (7.6) | (49.5) | (7.6) | +84.7% | |
| Depreciation & amortization | 56.8 | 4.6 | 45.4 | 5.1 | 2.0 | 5.1 | +155.3% | |
| Stock-based compensation | 2.5 | 2.6 | 4.2 | 4.3 | 3.9 | 4.3 | +7.9% | |
| Change in working capital | (49.2) | (9.9) | (12.5) | (32.1) | 47.7 | (32.1) | −167.3% | |
| Operating cash flow | (51.8) | (58.5) | (19.2) | (32.6) | (6.9) | (32.6) | −372.1% | |
| Capital expenditure | (11.3) | (1.3) | (1.1) | (2.4) | (0.4) | (2.4) | −501.3% | |
| Acquisitions | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Investing cash flow | (13.4) | (0.9) | 1.9 | 20.6 | 9.2 | 20.6 | +124.2% | |
| Dividends paid | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Share buybacks | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Debt issued / repaid | (0.9) | 26.6 | (2.0) | (2.4) | (8.9) | (2.4) | +73.6% | |
| Financing cash flow | (1.1) | 26.8 | (1.8) | (2.0) | (6.0) | (2.0) | +67.3% | |
| Free cash flow | (63.1) | (59.8) | (20.3) | (34.9) | (7.3) | (34.9) | −379.1% | |
| Net change in cash | (66.1) | (33.0) | (19.5) | (13.6) | (4.2) | (13.6) | −223.6% |
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 USD.
