SCHMID Group N.V. (SHMD) Cash Flow Statement
Where SHMD’s cash came from and went, 2025
December 31, 2025 · euros- Cash from operations
- €343,869
- Capital expenditures
- €6.1M 9.5% of revenue
- Free cash flow
- −€5.8M −9.0% margin
- Returned to shareholders
- —
- Change in cash
- −€1.8M cash at year-end €1.6M
Drawn to scale: where the cash came from and how it was used. Hover for values.
SHMD operating cash flow, capex and free cash flow
SHMD cash flow trends, 2021–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | −€10.3M2021 | €343,8692025 | — | |
| Capital expenditures | €5.0M2021 | €6.1M2025 | +4.9%/yr | |
| Free cash flow | −€6.4M2021 | −€5.8M2025 | — | |
| Free cash flow margin | −16.2%2021 | −9.0%2025 | +7.3 pts | |
| Operating cash flow / net income | 0.022022 | 268.442023 | +268.42 | |
| Dividends paid | €02021 | €02025 | — | |
| Capex / revenue | 12.8%2021 | 9.5%2025 | −3.3 pts |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
SHMD cash flow by activity
SHMD 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).
SHMD cash flow statement in euros
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Operating activities | |||||
| Net income | −€68.2M | −€84.1M | €36,868 | €11.8M | −€24.5M |
| Depreciation & amortization | €4.1M | €7.9M | €6.9M | €6.3M | €4.9M |
| Change in working capital | €11.4M | €1.5M | −€4.9M | −€17.2M | −€2.7M |
| Other non-cash items | €53.1M | €72.1M | €7.9M | −€676,568 | €11.9M |
| Cash from operating activities | €343,869 | −€2.6M | €9.9M | €280,000 | −€10.3M |
| Investing activities | |||||
| Capital expenditures | −€6.1M | −€5.1M | −€6.9M | −€4.6M | −€5.0M |
| Investments (net) | €123,000 | −€4,000 | €72.0M | −€7.2M | −€7.5M |
| Acquisitions & other investing | −€4,854 | — | €6.9M | €4.6M | €5.0M |
| Cash from investing activities | −€6.0M | — | €72.0M | −€7.2M | −€7.5M |
| Financing activities | |||||
| Dividends paid | €0 | €0 | €0 | €0 | €0 |
| Share repurchases & issuance (net) | — | — | −€172.2M | — | — |
| Net borrowing (repayment) | €3.8M | €15.8M | −€82.7M | −€1.6M | €475,000 |
| Shares issued | €0 | €0 | €0 | €0 | €0 |
| Other financing | −€91,845 | −€11.8M | €171.2M | −€1.6M | €35.2M |
| Cash from financing activities | €3.7M | €4.0M | −€83.7M | −€3.2M | €35.7M |
| Summary | |||||
| Net change in cash | −€1.8M | −€2.7M | −€2.6M | −€10.1M | €498,396 |
| Cash at end of period | €1.6M | €3.8M | €5.7M | €8.3M | €1.0M |
| Free cash flow | −€5.8M | −€7.7M | €3.0M | −€3.6M | −€6.4M |
| Free cash flow margin | −9.0% | −12.6% | 3.3% | −3.8% | −16.2% |
| Capex / revenue | 9.5% | 8.4% | 7.7% | 4.9% | 12.8% |
| Operating cash flow / net income | — | — | 268.44 | 0.02 | — |
| Jun '26 | Mar '24 | Dec '23 | Sep '23 | Mar '23 | Dec '22 | Sep '22 | Jun '22 | Mar '22 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating activities | |||||||||
| Net income | −€48.8M | −€541,639 | −€541,640 | −€541,640 | −€1.8M | €4.9M | €4.9M | €521,131 | €521,132 |
| Depreciation & amortization | €2.5M | €3,992 | — | — | — | — | — | — | — |
| Change in working capital | −€24.9M | €1.1M | €1.1M | €1.1M | €1.9M | €244,055 | €244,055 | €355,036 | €355,037 |
| Other non-cash items | €40.7M | −€99,913 | −€95,921 | −€95,921 | €1.1M | −€5.3M | −€5.3M | −€973,069 | −€973,071 |
| Cash from operating activities | −€30.4M | €466,928 | €466,928 | €466,928 | €1.3M | −€87,200 | −€87,201 | −€96,902 | −€96,902 |
| Investing activities | |||||||||
| Capital expenditures | −€2.6M | −€1,978 | €0 | €0 | €0 | €0 | €0 | €0 | €0 |
| Acquisitions & other investing | €4 | €21.1M | €21.1M | €21.1M | −€3.5M | −€1.5M | — | −€3,306 | — |
| Cash from investing activities | −€2.6M | €21.1M | €21.1M | €21.1M | −€3.5M | −€1.5M | — | −€3,306 | — |
| Financing activities | |||||||||
| Share repurchases & issuance (net) | — | −€22.3M | −€22.3M | −€22.3M | — | −€235.5M | −€235.5M | −€109.6M | — |
| Shares issued | €0 | €0 | €0 | €0 | €0 | €0 | €0 | €0 | €0 |
| Other financing | €33.7M | €711,714 | €711,714 | €711,714 | €3.1M | €235.5M | — | €109.6M | — |
| Cash from financing activities | €33.7M | −€21.6M | −€21.6M | −€21.6M | €3.1M | −€7,806 | — | €4,641 | — |
| Summary | |||||||||
| Net change in cash | €674,836 | −€83,888 | −€83,888 | −€83,888 | €839,165 | −€87,200 | −€87,201 | −€96,901 | −€96,902 |
| Cash at end of period | €2.3M | €337,231 | €337,231 | €337,231 | €1.2M | €513,269 | €513,270 | €834,732 | €834,733 |
| Free cash flow | −€33.0M | €466,928 | €466,928 | €466,928 | €1.3M | −€87,200 | −€87,201 | −€96,902 | −€96,902 |
| Free cash flow margin | −70.3% | 3.1% | 0.9% | — | — | −0.2% | — | — | — |
| Capex / revenue | 5.5% | 0.0% | 0.0% | — | — | 0.0% | — | — | — |
| Operating cash flow / net income | — | — | — | — | — | −0.02 | −0.02 | −0.19 | −0.19 |
Negative numbers are cash paid out. Quarterly columns are labeled by the month the quarter ended. Figures in euros as reported; data from EODHD.
SHMD cash generation
In fiscal 2025 (ended December 31, 2025), SCHMID generated €0.3 million of cash from operations and spent €6.1 million on capital expenditures, leaving free cash flow of -€5.8 million, −9.0% of revenue. Cash and equivalents fell by €1.8 million over the year.
Related: SHMD income statement, SHMD balance sheet. See the SHMD stock overview for the latest quote and news.
SHMD cash flow FAQ
What is SCHMID's free cash flow?
SCHMID's free cash flow was -€5.8 million in fiscal 2025: €0.3 million of operating cash flow minus €6.1 million of capital expenditures It was -€7.7 million a year earlier..
How much cash does SCHMID generate from operations?
SCHMID generated €0.3 million of cash from operating activities in fiscal 2025.
How much does SCHMID spend on capital expenditures?
SCHMID spent €6.1 million on capital expenditures in fiscal 2025, 9.5% of revenue, compared with €5.1 million the year before.