Annual and transition report of foreign private issuers [Sections 13 or 15(d)]

Cash generated from operations (Tables)

v3.25.1
Cash generated from operations (Tables)
12 Months Ended
Dec. 31, 2024
Statement of cash flows [abstract]  
Summary of Cash Generated From Operations Cash generated from operations
(in €‘000) Notes 2024 2023 2022
Loss before income tax (46,309) (109,778) (304,656)
Adjustments to reconcile loss before income tax to net cash flows:
Loss on modification of old facility 25 —  —  1,730 
Loss on extinguishment of old facility 25 —  —  2,832 
Fair value (gains)/losses on derivatives (purchase options) 7 —  —  (3,787)
Fair value (gains)/losses on derivatives (power purchase agreements) 7 12,690  7,442  — 
Fair value (gains)/losses on Public and Private warrant liabilities 27 —  6,273  (27,103)
Other finance (income)/costs 12 36,544  31,535  12,221 
Share-based payment expenses 11 (29,967) 21,120  258,089 
Depreciation, impairments and reversal of impairments of property, plant and equipment 9 , 10 , 15 21,767  20,222  16,749 
Depreciation and impairments of right-of-use of assets 9 , 10 , 17 11,734  8,537  6,710 
Amortization and impairments of intangible assets 9 , 10, 16 8,886  3,635  3,691 
Net (gain)/loss on disposal of property, plant and equipment 7 4,407  7,975  10,473 
Movements in working capital:
Decrease/(increase) in inventories 18 6,858  (8,087) (16,788)
Decrease/(increase) in other financial assets 19 (2,143) (9,491) (3,312)
Decrease/(increase) in trade and other receivables, contract assets, and prepayments and other assets 6 , 20 , 21 11,302  (20,490) (21,664)
Increase/(decrease) in trade and other payables and contract liabilities 6 , 28 8,752  7,828  (31,031)
Increase/(decrease) in provisions and other liabilities 26 4,387  2,597  142 
Cash generated from/(used in) operations 48,909  (30,681) (95,704)