BWP Trust 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	2016 - 2020
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	2016 - 2020
Net Income	265.58	180.22	36.69	486.64	263.17	Upgrade
Asset Writedown	-135.02	-62.55	76.41	-373.62	-150.89	Upgrade
Change in Accounts Receivable	-3.72	-4.04	2.39	-0.51	-1.28	Upgrade
Change in Other Net Operating Assets	-10.29	14.75	4.25	-1.47	1.35	Upgrade
Other Operating Activities	3.24	0.38	-	-	-	Upgrade
Operating Cash Flow	119.78	128.76	119.75	111.04	112.35	Upgrade
Operating Cash Flow Growth	-6.98%	7.52%	7.85%	-1.17%	2.44%	Upgrade
Acquisition of Real Estate Assets	-25.4	-92.01	-12.82	-9.99	-13.23	Upgrade
Sale of Real Estate Assets	-	66.73	2.66	14.34	15.77	Upgrade
Net Sale / Acq. of Real Estate Assets	-25.4	-25.27	-10.15	4.35	2.54	Upgrade
Cash Acquisition	-	2.14	-	-	-	Upgrade
Investing Cash Flow	-25.4	-23.14	-10.15	4.35	2.54	Upgrade
Long-Term Debt Issued	36.56	303.46	12.87	110	99.94	Upgrade
Long-Term Debt Repaid	-	-274.98	-	-129.11	-128.45	Upgrade
Net Debt Issued (Repaid)	36.56	28.48	12.87	-19.11	-28.52	Upgrade
Common Dividends Paid	-131.79	-117.49	-117.49	-117.49	-117.49	Upgrade
Other Financing Activities	-	-6.15	-	-	-	Upgrade
Net Cash Flow	-0.84	10.47	4.98	-21.21	-31.12	Upgrade
Cash Interest Paid	33.97	25.83	15.88	13.59	15.57	Upgrade
Levered Free Cash Flow	60.9	78.14	79.28	80.04	60.36	Upgrade
Unlevered Free Cash Flow	82.79	94.04	89.73	88.65	69.71	Upgrade
Change in Working Capital	-14.01	10.71	6.65	-1.98	0.08	Upgrade

Updated Feb 4, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.