Immobel Cash Flow Statement

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

Millions EUR. 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	51.56	-81.06	-26.37	-49.7	54.5
Depreciation & Amortization	4.91	95.37	35.32	50.08	4.58
Other Adjustments	-15.2	-1.44	-0.43	1.08	0.21
Changes in Income Taxes Payable	-3.37	0.96	-14.22	-8.33	-6.25
Changes in Other Operating Activities	119.63	41.13	-119.65	-73.18	-60.38
Operating Cash Flow	157.54	54.96	-125.36	-80.05	-7.33
Operating Cash Flow Growth	186.66%	-	-	-	-
Capital Expenditures	-0.31	-0.6	-2.61	-4.76	-8.85
Sale of Property, Plant & Equipment	18.02	0.3	0.37	0.05	4.21
Proceeds from Business Divestments	-	0.26	-	-	-
Other Investing Activities	9.95	15.76	-14.76	91.43	53.96
Investing Cash Flow	27.66	15.72	-17	86.72	49.32
Long-Term Debt Issued	16.67	208.32	193.85	405.47	258.11
Long-Term Debt Repaid	-222.53	-189.14	-131.37	-369.66	-143.37
Net Long-Term Debt Issued (Repaid)	-205.86	19.18	62.48	35.81	114.74
Issuance of Common Stock	-	-	-	0.12	16.42
Net Common Stock Issued (Repurchased)	-	-	-	0.12	16.42
Common Dividends Paid	-	-5.55	-30.41	-30.41	-28.91
Other Financing Activities	-35.8	-34.59	-33.55	-13.85	-18.93
Financing Cash Flow	-241.66	-20.95	-1.48	-8.33	83.32
Net Cash Flow	-56.46	49.72	-143.85	-1.66	125.32
Free Cash Flow	157.23	54.36	-127.97	-84.81	-16.17
Free Cash Flow Growth	189.26%	-	-	-	-
FCF Margin	44.31%	14.33%	-78.59%	-34.78%	-4.12%
Free Cash Flow Per Share	15.15	5.41	-12.83	-8.50	-1.62
Levered Free Cash Flow	-36.54	62.34	-77.11	10.34	136
Unlevered Free Cash Flow	173.5	54.23	-140.31	-175.58	-43.2