AIM:GWI Cash Flow Statement

Financials in millions EUR. Fiscal year is January - December.

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	9.6	-81.62	-54.15	-16.96	47.49
Depreciation & Amortization	1.11	0.88	0.59	0.67	0.54
Other Amortization	5.09	4.97	7.74	8.31	8.39
Gain (Loss) on Sale of Assets	0.02	26.14	-8.84	1.85	0.47
Gain (Loss) on Sale of Investments	-0.5	3.21	1.39	-0.22	0.39
Asset Writedown	14.96	99.84	164.91	89.47	5.74
Stock-Based Compensation	0.26	0.35	0.5	-	0.53
Income (Loss) on Equity Investments	0.13	8.44	-2.06	-3.22	-5.01
Change in Accounts Receivable	26.69	-11.09	5.42	-10.55	-4.51
Other Operating Activities	14.26	2.03	-35.82	0.12	13.98
Operating Cash Flow	75.36	54.55	87.27	63.08	65.26
Operating Cash Flow Growth	38.16%	-37.49%	38.36%	-3.35%	-37.94%
Acquisition of Real Estate Assets	-62.58	-58.72	-62.9	-78.55	-86.86
Sale of Real Estate Assets	34.43	100.83	51.64	17.01	3.01
Net Sale / Acq. of Real Estate Assets	-28.15	42.11	-11.26	-61.54	-83.85
Investment in Marketable & Equity Securities	-0.26	3.23	-1.98	2.71	-1.8
Other Investing Activities	-1.1	57.47	2.21	-14.98	-15.71
Investing Cash Flow	-29.52	102.81	-11.04	-73.8	-101.36
Long-Term Debt Issued	109.97	162.98	344.79	146.83	-
Long-Term Debt Repaid	-60.28	-365.81	-184.71	-328.25	-4.46
Net Debt Issued (Repaid)	49.68	-202.83	160.08	-181.43	-4.46
Issuance of Common Stock	-	-	-	-	0.1
Common Dividends Paid	-14.96	-0.82	-1.08	-59.77	-66.29
Other Financing Activities	-2.67	-16.76	-5.24	-2.72	-2.17
Foreign Exchange Rate Adjustments	-0.86	0.35	2.49	-0.34	-0.15
Net Cash Flow	77.03	-62.7	232.49	-254.98	-109.05
Cash Interest Paid	61.32	58.38	47.84	45.66	44.64
Cash Income Tax Paid	10.72	4.47	12.73	2.17	1.95
Levered Free Cash Flow	111.04	22.21	129.93	47.38	-60.84
Unlevered Free Cash Flow	150.14	59.84	157.76	71.47	-35.27
Change in Working Capital	29.87	-12.56	10.72	-16.98	-8.39

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.