ATH:NOVAL Cash Flow Statement

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	47.26	64.61	24.48	35.2
Depreciation & Amortization	0.36	0.21	0.18	0.18
Other Amortization	0.03	0.02	0.02	0.02
Gain (Loss) on Sale of Assets	-0.01	0	-	-0.1
Gain (Loss) on Sale of Investments	0.22	0.1	-2.28	-0.61
Asset Writedown	-24.5	-47.64	-18.21	-27.41
Income (Loss) on Equity Investments	-8.56	-8.84	0.24	-2.23
Change in Accounts Receivable	-	-	1.42	2.8
Change in Accounts Payable	1.31	3.64	-0.25	-1.84
Other Operating Activities	-6.36	-0.35	0.21	0.8
Operating Cash Flow	9.76	11.76	5.8	6.8
Operating Cash Flow Growth	-16.99%	102.60%	-14.70%	-19.26%
Acquisition of Real Estate Assets	-33.32	-26.83	-22.22	-13.04
Sale of Real Estate Assets	0.08	1.13	-	1.24
Net Sale / Acq. of Real Estate Assets	-33.24	-25.71	-22.22	-11.79
Cash Acquisition	-	-	0.69	-
Investment in Marketable & Equity Securities	-	-2.4	-3.25	-6.03
Other Investing Activities	2.89	2.01	0.06	0
Investing Cash Flow	-39.95	-26.09	-24.72	-17.83
Long-Term Debt Issued	-	9.92	4.52	156.49
Total Debt Issued	-	9.92	4.52	156.49
Long-Term Debt Repaid	-12.15	-7.13	-23.85	-18.33
Total Debt Repaid	-12.15	-7.13	-23.85	-18.33
Net Debt Issued (Repaid)	-12.15	2.79	-19.33	138.16
Issuance of Common Stock	48.34	0	-	-
Common Dividends Paid	-3.16	-2.19	-2.52	-2.58
Other Financing Activities	-4.62	-	-	-
Net Cash Flow	-1.79	-13.74	-40.78	124.56
Cash Interest Paid	8.84	7.95	7.6	3.3
Cash Income Tax Paid	3.51	1.78	0.6	0.29
Levered Free Cash Flow	14.21	15.78	6	6.85
Unlevered Free Cash Flow	18.78	20.72	10.71	9.35
Change in Working Capital	1.31	3.64	1.17	0.96

Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.