Prime Office Cash Flow Statement

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

Millions DKK. 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	84.37	86.78	105.48	114.39	166.29	274.33
Depreciation & Amortization	0.01	0.02	0.02	0.04	0.07	0.11
Other Adjustments	-13.77	-13.71	-31.94	-30.67	-80.25	-184.87
Change in Receivables	-25	-11.44	-4.23	24.11	-8.88	2.24
Changes in Accounts Payable	22.85	-5.56	34.83	13.07	10.14	-6.71
Changes in Income Taxes Payable	-5.32	-5.01	-5.44	-8.65	-7.4	-2.53
Operating Cash Flow	63.23	51.08	98.72	112.29	79.97	82.57
Operating Cash Flow Growth	-33.69%	-48.26%	-12.08%	40.42%	-3.14%	15.84%
Capital Expenditures	-338.9	-323.08	-559.47	-74.42	-53.82	-22.35
Sale of Property, Plant & Equipment	35.79	35.79	25.63	34.28	11.71	24.87
Investing Cash Flow	-303.11	-287.29	-533.85	-40.14	-42.1	2.52
Long-Term Debt Issued	353.31	354.18	390.5	161.96	-	-
Long-Term Debt Repaid	-36.83	-7.14	-36.74	-72.94	-3.58	-24.04
Net Long-Term Debt Issued (Repaid)	316.48	347.04	353.75	89.02	-3.58	-24.04
Common Dividends Paid	-	-	-	-11.34	-	-18.87
Other Financing Activities	-91.4	-152.66	-33.53	-7.77	-9.56	-7.32
Financing Cash Flow	224.99	194.39	320.23	69.91	-13.14	-50.23
Foreign Exchange Rate Adjustments	0.22	0.17	0.28	0.33	-0.02	-0.03
Net Cash Flow	-14.89	-41.83	-114.9	142.06	24.73	34.86
Free Cash Flow	-275.67	-272	-460.75	37.87	26.16	60.21
Free Cash Flow Growth	-	-	-	44.80%	-56.56%	-0.28%
FCF Margin	-135.19%	-133.19%	-228.36%	19.18%	13.86%	32.97%
Free Cash Flow Per Share	-73.02	-72.05	-122.05	10.03	6.93	15.95
Levered Free Cash Flow	39.41	58.48	-116.66	74.28	54.44	97.81
Unlevered Free Cash Flow	-228.15	-241.07	-432.86	27.85	55.72	75.04