BMV:VESTA Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 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	328	241.9	223.35	316.64	243.62	173.94
Depreciation & Amortization	1.52	1.72	1.42	1.58	1.46	1.6
Other Amortization	4.23	3.13	2.32	1.97	1.54	4.78
Gain (Loss) on Sale of Assets	0.01	0.01	-2.62	0.46	-5.03	-13.99
Asset Writedown	-121.48	-52.08	-270.75	-243.46	-185.49	-164.65
Stock-Based Compensation	13.83	12.73	8.98	8	6.65	5.55
Income (Loss) on Equity Investments	-0.01	-0.01	-	-	-	-
Change in Accounts Receivable	-2.39	-4.09	5.42	-2.41	1.35	-2.68
Change in Accounts Payable	-15.89	-0.79	-8.51	0	-1.62	-0.23
Change in Other Net Operating Assets	3.86	1.26	20.92	12.14	-23.06	5.81
Other Operating Activities	-12.69	-1.83	168.14	53.65	36.49	102.3
Operating Cash Flow	208.39	207.25	129.71	144.8	65.21	107.93
Operating Cash Flow Growth	33.92%	59.78%	-10.42%	122.03%	-39.58%	7.32%
Acquisition of Real Estate Assets	-294.67	-337.77	-231.74	-265.13	-269.44	-108.61
Sale of Real Estate Assets	5.5	5.5	5.07	42.06	7.29	124.57
Net Sale / Acq. of Real Estate Assets	-289.17	-332.27	-226.67	-223.07	-262.16	15.95
Investment in Marketable & Equity Securities	-3.52	-3.52	-	-	-	-
Other Investing Activities	0.2	-	-	-	-	-
Investing Cash Flow	-292.49	-335.79	-226.67	-223.07	-262.16	15.95
Long-Term Debt Issued	-	650	-	-	-	350
Long-Term Debt Repaid	-	-214.43	-70.4	-17.4	-0.65	-253.06
Net Debt Issued (Repaid)	380.47	435.57	-70.4	-17.4	-0.65	96.94
Issuance of Common Stock	-	-	-	594.38	-	229.22
Repurchase of Common Stock	-0.52	-36.42	-44.17	-	-15.6	-
Common Dividends Paid	-69.53	-68.33	-63.67	-59.51	-57.02	-55.37
Other Financing Activities	-60.63	-51.23	-47.65	-72.73	-46.51	-58.24
Foreign Exchange Rate Adjustments	-8.97	1.73	5.8	-4.45	3.05	-4.15
Net Cash Flow	156.78	152.78	-317.05	362.02	-313.67	332.28
Cash Interest Paid	55.18	45.88	42.09	45.03	44.84	44.47
Cash Income Tax Paid	50.02	40.12	75.01	64.1	55	27.06
Levered Free Cash Flow	71.51	156.91	72.47	103.05	26.72	95.1
Unlevered Free Cash Flow	105.91	186.97	96.36	128.79	53.2	118.74
Change in Working Capital	-5.02	1.68	-1.14	5.96	-34.04	-1.61

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