VIB Vermögen AG 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	81.44	36.14	129.6	53.58	29.91
Depreciation & Amortization	39.96	28.51	28.93	31.45	29.44
Other Amortization	0.01	0.04	0.02	-	-
Gain (Loss) on Sale of Assets	-46.31	35.68	-108.07	-0.37	-
Income (Loss) on Equity Investments	-0.76	-2.8	-2.84	-21.52	0.64
Change in Other Net Operating Assets	23.88	19.96	-24.78	29.34	-2.82
Other Operating Activities	34.01	26.51	24.21	8.14	14.22
Operating Cash Flow	87.38	91.19	74.74	67.81	74.95
Operating Cash Flow Growth	-4.18%	22.00%	10.22%	-9.52%	14.74%
Acquisition of Real Estate Assets	-295.24	-280.14	-78.37	-38.53	-22
Sale of Real Estate Assets	246.41	451.8	494.08	25.78	9.79
Net Sale / Acq. of Real Estate Assets	-48.82	171.66	415.71	-12.75	-12.21
Investment in Marketable & Equity Securities	8.52	72.03	-502.88	20	-3.2
Other Investing Activities	-	-	-0	-	-
Investing Cash Flow	-40.31	243.66	-87.18	7.23	-15.43
Long-Term Debt Issued	79.9	62	571.49	29.93	30.9
Long-Term Debt Repaid	-213.97	-460.51	-370.25	-85.3	-31.11
Net Debt Issued (Repaid)	-134.07	-398.51	201.24	-55.38	-0.21
Common Dividends Paid	-	-	-	-12.37	-16.29
Other Financing Activities	-24.41	-46.7	-19.11	-12.54	-14.22
Miscellaneous Cash Flow Adjustments	-	-	0.23	4.91	-
Net Cash Flow	-111.41	-110.37	169.91	-0.34	28.8
Cash Interest Paid	22.81	34.47	28.38	12.29	13.53
Cash Income Tax Paid	11.43	10.09	10.23	7.03	6.7
Levered Free Cash Flow	35.33	154.01	96.82	-177.25	49.32
Unlevered Free Cash Flow	55.71	175.55	115.93	-169.57	57.78
Change in Working Capital	-20.98	-32.89	2.89	-3.47	0.74

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