The New Germany Fund, Inc. (GF)GFThe New Germany Fund, Inc.

Cash Flow Statement

Operating, investing, and financing cash flow analysis

Quarterly Cash Flow Statement (USD)

Quarterly Report	TTM	12/31/2025	06/30/2025	12/31/2024	06/30/2024	12/31/2023	06/30/2023	12/31/2022	06/30/2022
Cash from Operations (CFO)	—	—	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Income	35.328M	-9.484M	65.024M	-6.537M	-13.676M	1.781M	22.249M	-1.878M	-104.485M
Depreciation & Amortization	891K	0.00	0.00	891K	0.00	1.050M	0.00	876K	0.00
Stock-Based Compensation	—	—	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Change in Accounts Receivable	2.840M	0.00	2.355M	15K	470K	7K	92K	10K	233K
Change in Inventory	—	—	—	—	—	—	—	—	—
Change in Accounts Payable	—	—	—	—	—	—	—	—	—
Change in Working Capital	—	—	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash from Investing	—	—	—	—	—	—	—	—	—
Capital Expenditures (CapEx)	—	—	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Acquisitions	—	—	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash from Financing	—	—	—	—	—	—	—	—	—
Debt Repayment	—	—	—	—	—	—	—	—	—
Stock Repurchased (Buybacks)	—	—	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividends Paid	—	—	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Free Cash Flow (FCF)	—	—	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Change in Cash	—	—	0.00	0.00	0.00	0.00	0.00	-6.880M	-6.880M

Annual Cash Flow Statement (USD)

Annual Report	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
Cash from Operations (CFO)	—	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Income	55.540M	-20.212M	24.030M	-106.363M	9.190M	97.494M	78.942M	-68.167M
Depreciation & Amortization	0.00	0.00	0.00	0.00	559K	425K	0.00	0.00
Stock-Based Compensation	—	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Change in Accounts Receivable	0.00	15K	7K	10K	19K	378K	20K	68K
Change in Inventory	—	—	—	—	—	—	—	—
Change in Accounts Payable	—	—	—	—	—	—	—	—
Change in Working Capital	—	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash from Investing	—	—	—	—	—	—	—	—
Capital Expenditures (CapEx)	—	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Acquisitions	—	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash from Financing	—	—	—	—	—	—	—	—
Debt Repayment	—	—	—	—	—	—	—	—
Stock Repurchased (Buybacks)	—	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividends Paid	—	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Free Cash Flow (FCF)	—	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Change in Cash	—	0.00	0.00	-6.880M	4.533M	2.509M	1.954M	0.00

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.

About The New Germany Fund, Inc.

The New Germany Fund Inc. functions as a closed-ended equity investment vehicle, originally established by Deutsche Investment Management Americas Inc. and currently overseen by Deutsche Asset Management International GmbH. Its primary objective is to allocate capital within the public stock markets of Germany, seeking out opportunities in shares of companies operating across a diverse range of industries. The fund predominantly focuses its investments on small and mid-capitalization (SMC) firms. To assess its portfolio's returns, the fund utilizes the Midcap Market Performance Index as its benchmark. This fund was founded on January 16, 1990, and is legally registered in Germany.

Frankfurt Am Main

fundsus.deutscheam.com/EN/products/new_germany_fund.jsp

Financial Services / Asset Management

Sector: Financial Services
Industry: Asset Management
CEO: Linda Lonneberg

View full financials

About The New Germany Fund, Inc.

Frankfurt Am Main

fundsus.deutscheam.com/EN/products/new_germany_fund.jsp

Financial Services / Asset Management

Sector: Financial Services
Industry: Asset Management
CEO: Linda Lonneberg

View full financials