MERLIN Properties SOCIMI, S.A. (BME:MRL)
Spain · Delayed Price · Currency is EUR 14.10
+0.03 (0.21%)
Aug 21, 2026, 5:35 PM CET
MERLIN Properties SOCIMI Cash Flow Statement
Financials in millions EUR. Fiscal year is January - December.
Millions EUR. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 | 852.15 | 786.13 | 283.76 | -83.5 | 263.09 | 512.22 |
Depreciation & Amortization | 5.95 | 5.04 | 4.35 | 2.08 | 1.89 | 1.86 |
Gain (Loss) on Sale of Assets | -1.87 | -9.31 | -5.35 | 7.02 | -11.56 | 1.87 |
Asset Writedown | -601.35 | -493.85 | 1.07 | 335.98 | 249.27 | -195.5 |
Income (Loss) on Equity Investments | -17.25 | -28.04 | -14.07 | -39.92 | -24.03 | -34.56 |
Change in Accounts Receivable | -5.48 | -24.52 | 2.5 | -12.76 | -1.68 | -5.7 |
Change in Accounts Payable | 63.39 | 87.62 | 28.22 | 5.35 | 19.61 | -30.55 |
Change in Other Net Operating Assets | 41.7 | 52.04 | 4.14 | -21.2 | -21.76 | 19.91 |
Other Operating Activities | 86.61 | 42.11 | 15.21 | 41.38 | -246.86 | -101.82 |
Operating Cash Flow | 423.6 | 415.6 | 316.78 | 227.97 | 222.16 | 162.46 |
Operating Cash Flow Growth | 29.77% | 31.19% | 38.96% | 2.61% | 36.74% | 20.65% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Acquisition of Real Estate Assets | -867.98 | -679.83 | -311.48 | -309.27 | -370.81 | -184.72 |
Sale of Real Estate Assets | 116.12 | 127.75 | 71.28 | 40.78 | 109.4 | 101.35 |
Net Sale / Acq. of Real Estate Assets | -751.86 | -552.08 | -240.2 | -268.49 | -261.4 | -83.37 |
Cash Acquisition | - | - | - | - | - | -0 |
Investment in Marketable & Equity Securities | -19.09 | -19.92 | -53.47 | -5.35 | -5.59 | 8.71 |
Other Investing Activities | -0 | - | - | - | 1,452 | 75.56 |
Investing Cash Flow | -775.26 | -576.31 | -294.38 | -274.75 | 1,184 | -0.45 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Long-Term Debt Issued | - | 676.14 | 390.9 | 1,022 | 81.76 | 494.65 |
Long-Term Debt Repaid | - | -628.95 | -13.65 | -744.41 | -1,400 | -0.71 |
Net Debt Issued (Repaid) | 555.59 | 47.19 | 377.26 | 277.22 | -1,318 | 493.94 |
Issuance of Common Stock | 753.3 | 0.01 | 0.06 | 0.42 | - | - |
Repurchase of Common Stock | - | - | - | - | -0.14 | -0.01 |
Common Dividends Paid | -121.91 | -123.32 | -105.17 | -93.67 | -104.26 | -70.03 |
Other Financing Activities | -112.82 | -100.91 | 796.9 | 7.95 | 73.43 | -88.51 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 Cash Flow | 722.5 | -337.73 | 1,091 | 31.77 | -294.03 | 497.4 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Levered Free Cash Flow | 253.12 | 256.74 | 188.76 | 170.33 | 180.33 | 196.27 |
Unlevered Free Cash Flow | 341.85 | 341.7 | 270.15 | 238.78 | 244.94 | 266.9 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Cash Interest Paid | 120.72 | 127.62 | 119.41 | 109.3 | 100.59 | 103.86 |
Cash Income Tax Paid | 3.49 | 2.98 | -1.2 | -1.99 | 1.53 | 3.66 |
Change in Working Capital | 99.35 | 113.52 | 31.83 | -35.08 | -9.64 | -21.6 |