Fonciere Inea 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	4.87	-3.02	21.54	58.08	54.5
Depreciation & Amortization	0.48	0.37	0.26	0.26	0.26
Gain (Loss) on Sale of Assets	0.62	-1.02	-0	-2.02	0.07
Asset Writedown	22.22	30.6	4.12	-31.93	-31.34
Change in Accounts Receivable	-3.62	0.98	-0.27	1.07	-0.97
Change in Other Net Operating Assets	3.83	1.06	0.08	-1.4	2.13
Other Operating Activities	27.3	32.68	25.79	3.13	2.42
Operating Cash Flow	55.71	61.64	51.51	27.19	27.06
Operating Cash Flow Growth	-9.63%	19.68%	89.42%	0.51%	40.04%
Acquisition of Real Estate Assets	-16.75	-59.36	-123.18	-130.09	-95.89
Sale of Real Estate Assets	18.19	5.83	8.09	16.88	4.68
Net Sale / Acq. of Real Estate Assets	1.44	-53.53	-115.09	-113.22	-91.21
Investment in Marketable & Equity Securities	5.69	-0.63	-0.18	-0.17	-0.16
Investing Cash Flow	7.26	-54.16	-115.27	-113.39	-90.97
Long-Term Debt Issued	71.41	114.23	132.71	107.16	124.67
Long-Term Debt Repaid	-86.96	-55.01	-17.3	-103.62	-41.83
Net Debt Issued (Repaid)	-15.56	59.22	115.41	3.54	82.84
Issuance of Common Stock	0.14	0.4	0.01	107.34	0.01
Repurchase of Common Stock	-0.06	-0.18	-0.07	-0.83	-
Common Dividends Paid	-29.21	-29.2	-29.19	-22.78	-21.98
Other Financing Activities	-26.85	-31.67	-21.66	-1.17	-
Miscellaneous Cash Flow Adjustments	-	0	-	-0	-
Net Cash Flow	-8.58	6.07	0.73	-0.11	-3.04
Cash Interest Paid	26.85	31.67	21.65	9.77	8.41
Levered Free Cash Flow	13.27	14.32	19.34	-0.6	17.37
Unlevered Free Cash Flow	29.51	33.78	34.43	6.51	23.59
Change in Working Capital	0.21	2.04	-0.19	-0.33	1.16

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.