Immorente Invest Cash Flow Statement

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

Millions MAD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	52.02	47.11	42.78	8.41	3.81	4.2
Depreciation & Amortization	-0.3	-0.56	-1.57	32.98	31.2	29.3
Gain (Loss) on Sale of Assets	-	-	-	-	-	-9.48
Change in Other Net Operating Assets	2.14	8.05	9.48	-2.87	-0.19	-26.61
Other Operating Activities	-18.66	-10.59	6.06	5.6	-10.9	10.13
Operating Cash Flow	35.19	44.02	56.75	44.13	23.92	7.54
Operating Cash Flow Growth	-31.24%	-22.43%	28.61%	84.45%	217.14%	-80.90%
Acquisition of Real Estate Assets	-76.46	-124.16	-112.07	-0.03	-179.2	-200.12
Sale of Real Estate Assets	-	-	-	-	200	194.91
Net Sale / Acq. of Real Estate Assets	-76.46	-124.16	-112.07	-0.03	20.8	-5.2
Cash Acquisition	-	-	-0.27	-	-1.6	-
Other Investing Activities	-79.29	-81.14	-50	-	-	0
Investing Cash Flow	-155.75	-205.3	-162.34	-0.03	19.2	-5.2
Long-Term Debt Issued	-	297.25	125.1	1.12	50.41	-
Long-Term Debt Repaid	-	-30	-	-51.93	-4.63	-337
Net Debt Issued (Repaid)	211.4	267.25	125.1	-50.82	45.79	-337
Issuance of Common Stock	-	-	-	-	-	397.67
Common Dividends Paid	-46.84	-46.84	-45.04	-49.54	-54.04	-32.03
Other Financing Activities	-1.33	-53.26	-0.19	0	-	0
Miscellaneous Cash Flow Adjustments	-21.73	0	-0	-	-	-0
Net Cash Flow	20.94	5.88	-25.71	-56.26	34.86	30.99
Cash Income Tax Paid	5.59	2.49	0.65	-	-	-
Levered Free Cash Flow	-37.1	-92.04	-61.38	43.83	-179.65	-187.68
Unlevered Free Cash Flow	-30.41	-88.66	-60.68	43.83	-179.65	-187.68
Change in Working Capital	2.14	8.05	9.48	-2.87	-0.19	-26.61

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.