Aspen Group Cash Flow Statement

Financials in millions AUD. Fiscal year is July - June.

Millions AUD. Fiscal year is Jul - Jun.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '25 Jun 30, 2025	Jun '24 Jun 30, 2024	Jun '23 Jun 30, 2023	Jun '22 Jun 30, 2022	Jun '21 Jun 30, 2021
Net Income	57.05	48.44	54.4	75.38	25.39
Depreciation & Amortization	1.55	1.49	1.2	0.99	0.73
Gain (Loss) on Sale of Assets	-1.15	-0.66	-0.34	-0.26	-0.19
Gain (Loss) on Sale of Investments	-1.91	-6.38	-3.08	0.08	-0.19
Asset Writedown	-46.82	-39.62	-37.75	-61.13	-17.79
Stock-Based Compensation	2.29	1.73	1.24	0.86	0.42
Change in Accounts Receivable	-1.77	-0.3	-0.87	-0.58	0.98
Change in Accounts Payable	-0.61	3.19	-1.96	4.01	-0.11
Change in Other Net Operating Assets	-13.12	-2.83	-2.09	0.5	0.88
Other Operating Activities	27.38	25.88	8.08	-2.6	2.63
Operating Cash Flow	22.9	30.95	18.81	17.25	12.74
Operating Cash Flow Growth	-26.01%	64.53%	9.06%	35.34%	13.32%
Acquisition of Real Estate Assets	-75.19	-54.11	-38.32	-91.92	-36.43
Sale of Real Estate Assets	21.56	14.82	4.03	6.52	0.83
Net Sale / Acq. of Real Estate Assets	-53.63	-39.29	-34.3	-85.4	-35.6
Investment in Marketable & Equity Securities	60.94	-	-16.11	-	-
Other Investing Activities	0.78	0.87	0.46	0.11	0.16
Investing Cash Flow	8.09	-38.43	-49.94	-85.29	-35.44
Long-Term Debt Issued	72.7	38	37	53.59	32.15
Long-Term Debt Repaid	-141.88	-10.22	-26.7	-1.63	-1.31
Net Debt Issued (Repaid)	-69.18	27.78	10.3	51.96	30.85
Issuance of Common Stock	71.63	-	35.78	28.92	-
Common Dividends Paid	-18.43	-15.29	-11.71	-8.4	-7.38
Other Financing Activities	-9.54	-9.42	-5.05	-1.98	-0.56
Miscellaneous Cash Flow Adjustments	-	-	-	-	-0.09
Net Cash Flow	5.47	-4.4	-1.81	2.45	0.12
Levered Free Cash Flow	22.47	3.65	-3.35	17.67	9.12
Unlevered Free Cash Flow	28.85	9.18	-0.68	16.57	9.94
Change in Working Capital	-15.49	0.06	-4.92	3.93	1.74

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.