BWP Trust Cash Flow Statement

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

Millions AUD. Fiscal year is Jul - Jun.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	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	334.66	265.58	180.22	36.69	486.64	263.17
Asset Writedown	-135.02	-135.02	-62.55	76.41	-373.62	-150.89
Change in Accounts Receivable	-3.72	-3.72	-4.04	2.39	-0.51	-1.28
Change in Other Net Operating Assets	-10.29	-10.29	14.75	4.25	-1.47	1.35
Other Operating Activities	-59.47	3.24	0.38	-	-	-
Operating Cash Flow	126.15	119.78	128.76	119.75	111.04	112.35
Operating Cash Flow Growth	0.50%	-6.98%	7.52%	7.85%	-1.17%	2.44%
Acquisition of Real Estate Assets	-77.85	-25.4	-92.01	-12.82	-9.99	-13.23
Sale of Real Estate Assets	19.19	-	66.73	2.66	14.34	15.77
Net Sale / Acq. of Real Estate Assets	-58.66	-25.4	-25.27	-10.15	4.35	2.54
Cash Acquisition	-95.48	-	2.14	-	-	-
Investing Cash Flow	-154.15	-25.4	-23.14	-10.15	4.35	2.54
Long-Term Debt Issued	-	36.56	303.46	12.87	110	99.94
Long-Term Debt Repaid	-	-	-274.98	-	-129.11	-128.45
Net Debt Issued (Repaid)	189.65	36.56	28.48	12.87	-19.11	-28.52
Common Dividends Paid	-133.07	-131.79	-117.49	-117.49	-117.49	-117.49
Other Financing Activities	-0.54	-	-6.15	-	-	-
Net Cash Flow	26.51	-0.84	10.47	4.98	-21.21	-31.12
Cash Interest Paid	38.71	33.97	25.83	15.88	13.59	15.57
Levered Free Cash Flow	-6.96	60.9	78.14	79.28	80.04	60.36
Unlevered Free Cash Flow	17.16	82.79	94.04	89.73	88.65	69.71
Change in Working Capital	-14.01	-14.01	10.71	6.65	-1.98	0.08

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