The GPT Group Cash Flow Statement

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

Millions AUD. 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	981	-200.7	-240	469.3	1,423
Depreciation & Amortization	2.9	4.7	3.2	2.6	6.3
Other Amortization	2.7	2.7	3.5	1.5	2.1
Gain (Loss) on Sale of Investments	-	-	-5.8	-	-
Asset Writedown	-247.3	256.2	402.9	-42.5	-706.2
Income (Loss) on Equity Investments	-174.1	426.7	346.7	122.7	-238.3
Change in Other Net Operating Assets	22.6	7.3	-2.8	-18.2	21.6
Other Operating Activities	42	116.4	104.4	42.1	26.5
Operating Cash Flow	622.1	604	586	562.1	520.4
Operating Cash Flow Growth	3.00%	3.07%	4.25%	8.01%	7.23%
Acquisition of Real Estate Assets	-1,648	-193.3	-193.8	-309.9	-1,105
Sale of Real Estate Assets	874.7	310.6	489.2	221.2	16
Net Sale / Acq. of Real Estate Assets	-773.2	117.3	295.4	-88.7	-1,089
Investment in Marketable & Equity Securities	-111.3	-48.1	-87	-151.7	-132.3
Investing Cash Flow	-902.5	68.2	206.1	-243.5	-1,226
Long-Term Debt Issued	3,704	2,588	4,146	3,477	1,431
Long-Term Debt Repaid	-2,898	-2,776	-4,450	-3,362	-377.4
Net Debt Issued (Repaid)	806	-187.7	-304.8	114.7	1,053
Repurchase of Common Stock	-	-	-	-	-146.8
Common Dividends Paid	-459.8	-469.3	-475	-432.9	-511.9
Other Financing Activities	-38.6	-10.9	-4.6	-1.7	-
Net Cash Flow	27.2	4.3	7.7	-1.3	-311
Cash Interest Paid	219.5	199.9	200.1	139.8	97.1
Cash Income Tax Paid	16.7	8.2	-0.2	12.3	6.3
Levered Free Cash Flow	6,214	2,686	250.11	2,819	83.24
Unlevered Free Cash Flow	6,356	2,817	378.43	2,908	137.61
Change in Working Capital	14.9	-2	-28.9	-33.6	7.2