Euroholdings Ltd. (EHLD) Cash Flow Statement
Where EHLD’s cash came from and went, 2025
December 31, 2025 · U.S. dollars- Cash from operations
- $3.9M −20.5% vs 2024
- Capital expenditures
- $32.0M 241.8% of revenue
- Free cash flow
- −$28.0M −212.0% margin
- Returned to shareholders
- $1.2M
- Change in cash
- $3.2M cash at year-end $3.3M
Drawn to scale: where the cash came from and how it was used. Hover for values.
EHLD operating cash flow, capex and free cash flow
EHLD cash flow trends, 2022–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | $14.1M2022 | $3.9M2025 | −34.6%/yr | |
| Capital expenditures | $201,3812022 | $32.0M2025 | +441.5%/yr | |
| Free cash flow | $13.9M2022 | −$28.0M2025 | — | |
| Free cash flow margin | 56.7%2022 | −212.0%2025 | −268.6 pts | |
| Operating cash flow / net income | 1.002022 | 0.272025 | −0.74 | |
| Stock-based compensation | $02023 | $286,0802025 | — | |
| Dividends paid | $02023 | $1.2M2025 | — | |
| Capex / revenue | 0.8%2022 | 241.8%2025 | +240.9 pts |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
EHLD cash flow by activity
EHLD net income vs operating cash flow
Operating cash flow above net income usually means earnings are backed by cash (depreciation and stock-based pay are non-cash expenses).
EHLD cash flow statement
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Operating activities | ||||
| Net income | $14.7M | $3.8M | $7.7M | $14.0M |
| Depreciation & amortization | $302,962 | $43,070 | $1.5M | $1.3M |
| Stock-based compensation | $286,080 | $0 | $0 | — |
| Change in working capital | −$1.1M | $1.1M | $78,707 | −$1.3M |
| Other non-cash items | −$10.2M | $33,740 | $19,600 | $26,025 |
| Cash from operating activities | $3.9M | $5.0M | $9.3M | $14.1M |
| Investing activities | ||||
| Capital expenditures | −$32.0M | −$208,134 | −$556,722 | −$201,381 |
| Investments (net) | — | −$208,134 | −$556,722 | −$201,381 |
| Acquisitions & other investing | $12.9M | $208,134 | $556,722 | $201,381 |
| Cash from investing activities | −$19.1M | −$208,134 | −$556,722 | −$201,381 |
| Financing activities | ||||
| Dividends paid | −$1.2M | $0 | $0 | — |
| Net borrowing (repayment) | $20.0M | −$1.9M | −$700,000 | −$3.1M |
| Shares issued | $0 | $0 | $0 | $0 |
| Other financing | −$140,000 | −$3.2M | −$8.4M | −$11.7M |
| Cash from financing activities | $18.7M | −$5.1M | −$9.1M | −$14.8M |
| Summary | ||||
| Net change in cash | $3.2M | −$363,846 | −$333,821 | −$951,634 |
| Cash at end of period | $3.3M | $129,541 | $493,387 | $827,208 |
| Free cash flow | −$28.0M | $4.8M | $8.7M | $13.9M |
| Free cash flow margin | −212.0% | 30.4% | 118.7% | 56.7% |
| Capex / revenue | 241.8% | 1.3% | 7.6% | 0.8% |
| Operating cash flow / net income | 0.27 | 1.31 | 1.20 | 1.00 |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||
| Net income | $4.3M | $2.4M | $1.3M | $1.5M | $822,538 | $11.1M | −$947,927 | $950,989 | $2.3M | $1.5M |
| Depreciation & amortization | $500,766 | $495,373 | $249,473 | $22,099 | $21,390 | $10,000 | $10,266 | $16,785 | −$77,537 | $93,556 |
| Stock-based compensation | — | — | $0 | $0 | — | — | $0 | $0 | — | — |
| Change in working capital | $784,418 | $385,576 | −$1.5M | $118,841 | $887,095 | −$656,443 | $450,248 | $204,694 | $150,238 | $306,163 |
| Other non-cash items | $9,574 | $5,794 | $2,811 | $0 | $286,080 | −$10.2M | $0 | $0 | −$266 | $33,740 |
| Cash from operating activities | $5.6M | $3.3M | $43,723 | $1.7M | $2.0M | $205,149 | −$487,413 | $1.2M | $2.3M | $1.9M |
| Investing activities | ||||||||||
| Capital expenditures | −$565 | −$3,574 | −$31.8M | −$23,146 | −$40,485 | −$78,318 | −$78,705 | −$3,377 | −$30,453 | −$95,599 |
| Investments (net) | — | — | — | −$23,144 | −$40,485 | $12.8M | −$78,705 | −$3,377 | −$30,453 | −$95,599 |
| Acquisitions & other investing | −$1 | $5 | $3 | $23,146 | $40,485 | $78,318 | — | — | $30,453 | $95,599 |
| Cash from investing activities | −$566 | −$3,569 | −$31.8M | −$23,144 | −$40,485 | $12.8M | — | — | −$30,453 | −$95,599 |
| Financing activities | ||||||||||
| Dividends paid | −$394,326 | −$394,326 | −$394,327 | −$788,652 | $0 | $0 | $0 | — | — | — |
| Net borrowing (repayment) | −$385,000 | −$385,000 | $20.0M | $0 | $0 | $0 | $0 | $0 | — | — |
| Shares issued | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other financing | −$37,031 | $0 | −$140,000 | $0 | $0 | $0 | $290,348 | −$858,408 | −$2.3M | −$2.2M |
| Cash from financing activities | −$816,357 | −$779,326 | $19.5M | −$788,652 | $0 | $0 | $290,348 | −$858,408 | −$2.3M | −$2.2M |
| Summary | ||||||||||
| Net change in cash | $4.8M | $2.5M | −$12.6M | $864,620 | $2.0M | $13.1M | −$275,770 | $310,683 | −$34,912 | −$363,846 |
| Cash at end of period | $10.6M | $5.8M | $3.3M | $16.0M | $15.1M | $13.1M | $129,541 | $405,311 | $94,628 | $129,541 |
| Free cash flow | $5.6M | $3.3M | −$31.8M | $1.7M | $2.0M | $126,831 | −$566,118 | $1.2M | $2.3M | $1.9M |
| Free cash flow margin | 64.9% | 42.7% | −710.0% | 55.8% | 67.8% | 4.4% | −15.8% | 27.9% | 56.9% | 48.4% |
| Capex / revenue | 0.0% | 0.0% | 710.9% | 0.8% | 1.4% | 2.7% | 2.2% | 0.1% | 0.8% | 2.5% |
| Operating cash flow / net income | 1.30 | 1.37 | 0.03 | 1.09 | 2.45 | 0.02 | — | 1.23 | 1.03 | 1.29 |
Negative numbers are cash paid out. Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported; data from EODHD.
EHLD cash generation
In fiscal 2025 (ended December 31, 2025), Euroholdings generated $3.9 million of cash from operations (down 20.5%) and spent $32.0 million on capital expenditures, leaving free cash flow of -$28.0 million, −212.0% of revenue. It returned $1.2 million to shareholders through dividends ($1.2 million) and net share buybacks ($0). Cash and equivalents rose by $3.2 million over the year.
Related: EHLD income statement, EHLD balance sheet, EHLD dividend history. See the EHLD stock overview for the latest quote and news.
EHLD cash flow FAQ
What is Euroholdings's free cash flow?
Euroholdings's free cash flow was -$28.0 million in fiscal 2025: $3.9 million of operating cash flow minus $32.0 million of capital expenditures It was $4.8 million a year earlier..
How much cash does Euroholdings generate from operations?
Euroholdings generated $3.9 million of cash from operating activities in fiscal 2025, 0.27 times its net income of $14.7 million.
How much does Euroholdings spend on capital expenditures?
Euroholdings spent $32.0 million on capital expenditures in fiscal 2025, 241.8% of revenue, compared with $0.2 million the year before.
How much does Euroholdings pay in dividends?
Euroholdings paid $1.2 million in dividends in fiscal 2025.