Olimpo Real Estate SOCIMI Cash Flow Statement

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

Millions EUR. 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	20.92	6.35	7.58	5.6	11.08
Depreciation & Amortization	5.15	5.25	5.24	4.69	5.22
Other Adjustments	-7.77	7.36	5.95	6.48	-0.48
Change in Receivables	0.11	0.07	0.39	-0.28	0.31
Changes in Accounts Payable	3.84	0.06	-0.2	-0.02	0.06
Changes in Income Taxes Payable	-0.71	-0.57	-0.28	-0.52	-0.35
Changes in Other Operating Activities	-4.66	-4.68	-5.02	-3.35	-1.38
Operating Cash Flow	16.86	13.83	13.67	12.21	14.46
Operating Cash Flow Growth	21.85%	1.23%	11.96%	-15.58%	29.78%
Capital Expenditures	-1.17	-0.37	-0.25	-1.71	-0.31
Sale of Property, Plant & Equipment	43.52	-	-	1.75	15.65
Investing Cash Flow	42.35	-0.37	-0.25	0.04	15.34
Long-Term Debt Repaid	-22.07	-1.47	-0.84	-3.28	-9.01
Net Long-Term Debt Issued (Repaid)	-22.07	-1.47	-0.84	-3.28	-9.01
Issuance of Common Stock	0.06	0.03	-0.01	-0.07	-0.04
Net Common Stock Issued (Repurchased)	0.06	0.03	-0.01	-0.07	-0.04
Common Dividends Paid	-33.79	-15.7	-14.8	-19.26	-15.72
Financing Cash Flow	-55.81	-17.14	-15.65	-22.61	-24.77
Net Cash Flow	3.4	-3.68	-2.23	-10.37	5.03
Free Cash Flow	15.68	13.47	13.42	10.49	14.15
Free Cash Flow Growth	16.44%	0.38%	27.87%	-25.85%	28.39%
FCF Margin	66.40%	55.64%	55.87%	46.98%	64.78%
Free Cash Flow Per Share	0.08	0.07	0.07	0.05	0.07
Levered Free Cash Flow	0.63	3.92	5.56	0.75	4.29
Unlevered Free Cash Flow	26.77	10.06	10.99	8.05	16.74