Immorente Invest Cash Flow Statement

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

Millions MAD. 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	41.49	47.11	42.78	8.41	3.81
Depreciation & Amortization	-1.49	-0.56	-1.57	32.98	31.2
Change in Other Net Operating Assets	-0.28	8.05	9.48	-2.87	-0.19
Other Operating Activities	-5.61	-10.59	6.06	5.6	-10.9
Operating Cash Flow	34.11	44.02	56.75	44.13	23.92
Operating Cash Flow Growth	-22.51%	-22.43%	28.61%	84.45%	217.14%
Acquisition of Real Estate Assets	-54.1	-124.16	-112.07	-0.03	-179.2
Sale of Real Estate Assets	-	-	-	-	200
Net Sale / Acq. of Real Estate Assets	-54.1	-124.16	-112.07	-0.03	20.8
Cash Acquisition	-	-	-0.27	-	-1.6
Other Investing Activities	14.7	-81.14	-50	-	-
Investing Cash Flow	-39.4	-205.3	-162.34	-0.03	19.2
Long-Term Debt Issued	33.51	297.25	125.1	1.12	50.41
Long-Term Debt Repaid	-	-30	-	-51.93	-4.63
Net Debt Issued (Repaid)	33.51	267.25	125.1	-50.82	45.79
Common Dividends Paid	-46.84	-46.84	-45.04	-49.54	-54.04
Other Financing Activities	1.32	-53.26	-0.19	0	-
Miscellaneous Cash Flow Adjustments	-0	0	-0	-	-
Net Cash Flow	-17.29	5.88	-25.71	-56.26	34.86
Cash Income Tax Paid	-	2.49	0.65	-	-
Levered Free Cash Flow	-21.77	-92.04	-61.38	43.83	-179.65
Unlevered Free Cash Flow	-11.37	-88.66	-60.68	43.83	-179.65
Change in Working Capital	-0.28	8.05	9.48	-2.87	-0.19