Company: GIFLF
Filing Date: 2025-02-26
Form Type: 6-K
Source: 0001104659-25-017501
Chunk: 13

Company: Grifols SA
Filing Date: 2025-02-26
Form: 6-K
Chunk 13
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 ate fluctuations over the period. See Annex for reconciliations. Figures for 2022 have been re - expressed according to the Inside Information released on July 30, 2024 1 Opex excludes one - offs for the period FY22 - FY’24, as consistently reported in Annexes 2 After fee - for - service reclassification – grey areas in the bar graphs of 2024 represent the EUR 54m impact. Excluding this, Gros s Profit stands at EUR 2,901m (39.9% margin; +40bps higher) and Opex at EUR 1,582m (21.8% of total revenues; +60bps higher) Operating Expenses and Gross Profit Strong Progress Driving Opex Efficiencies, Significant Opportunity to Continue Improvement in Gross Margin Operational Expenses 1 (in million EUR) 24% 24% 29% 25% 24% 21% 2 8.0% 13.0% 18.0% 23.0% 28.0% 800 1200 1600 2000 2019 2020 2021 2022 2023 2024 Opex % revenues • Further CPL reduction • Commercial performance • New product launches • Yield improvements • Continued execution of the plan at Biotest Gross Margin expansion drivers

- 16 - Q4 2024 Results Introductory Remarks Business Performance Financials Final remarks Annex EBITDA Adjusted to Free Cash Flow reconciliation (in million EUR) 1,779 526 462 441 350 EBITDA Adjusted 26 100 59 (3) (130) Inventories (34) 75 (19) 64 (154) Receivables (6) 9 (62) 103 (56) Payables (14) 184 (23) 164 (339) Net working capital (233) (100) (51) (43) (38) CAPEX (139) (43) (33) (41) (22) IT and R&D (176) (81) (32) (59) (4) Taxes (561) (166) (55) (233) (106) Interests (8) 76 15 (32) (66) Others 649 396 282 196 (225) Free Cash Flow before extraordinary items (276) (20) (114) (119) (23) Extraordinary Growth CAPE