Fast Ejendom Danmark Cash Flow Statement

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

Millions DKK. 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	94.15	62.07	37.25	113.52	77.01
Depreciation & Amortization	1.37	1.94	1.95	1.96	0.93
Asset Writedown	-66	-54.12	-16.64	-121.33	-83.16
Change in Accounts Receivable	0.8	-2.1	0.99	-1.87	1.25
Change in Accounts Payable	2.71	-1.2	-2.46	-3.78	-1.28
Other Operating Activities	10.52	5.85	2.17	30.48	31.85
Net Cash from Discontinued Operations	0.9	-	-	-	-
Operating Cash Flow	44.45	12.44	23.26	18.98	26.6
Operating Cash Flow Growth	257.38%	-46.52%	22.53%	-28.64%	7.88%
Acquisition of Real Estate Assets	-10.87	-84.02	-150.63	-95	-29.81
Sale of Real Estate Assets	-	29.42	-	91.96	16
Net Sale / Acq. of Real Estate Assets	-10.87	-54.6	-150.63	-3.04	-13.81
Investing Cash Flow	-10.87	-54.6	-150.63	-3.04	-13.81
Long-Term Debt Issued	324.78	466.73	112.75	86.11	34.74
Long-Term Debt Repaid	-337.74	-455.73	-16.82	-100.77	-28.56
Net Debt Issued (Repaid)	-12.96	11	95.93	-14.66	6.18
Issuance of Common Stock	-	-	4.07	-	-
Repurchase of Common Stock	-5.23	-	-	-	-
Other Financing Activities	2.52	6.18	2.58	6.29	2.8
Miscellaneous Cash Flow Adjustments	-0	-	-	-	-
Net Cash Flow	17.91	-24.99	-24.79	7.58	21.78
Cash Interest Paid	30.17	43.15	36.14	11.47	8.48
Cash Income Tax Paid	1.5	1.37	0.04	2.3	1.85
Levered Free Cash Flow	12.79	4.53	13.14	88	-60.61
Unlevered Free Cash Flow	32.6	32.66	36	96.13	-55
Change in Working Capital	3.5	-3.3	-1.47	-5.65	-0.03

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