Immobel Cash Flow Statement

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	26.95	-93.7	-38.42	10.72	92.15	33.27
Depreciation & Amortization	-74.66	3.58	4.37	6.16	4.69	3.53
Asset Writedown & Restructuring Costs	-0.59	5.64	20.53	43.79	-	-
Provision & Write-off of Bad Debts	-	-	0.01	0.13	-0.11	0.15
Other Operating Activities	78.3	98.31	7.81	-67.67	-43.68	-12.33
Change in Accounts Receivable	14.97	1.21	13.08	96.33	-63.25	-
Change in Inventory	142.67	97.24	-135.73	-183.64	-15.01	-122.82
Change in Accounts Payable	-82.88	-61.88	12.43	44.35	15.53	-
Change in Other Net Operating Assets	15.24	4.56	-9.43	-30.23	2.36	41.97
Operating Cash Flow	110.69	54.96	-125.36	-80.05	-7.33	-56.22
Capital Expenditures	1.43	-0.6	-2.61	-4.76	-8.85	-0.88
Sale of Property, Plant & Equipment	0.35	0.3	0.37	0.05	4.21	9.79
Divestitures	0.27	0.26	-	-	-	-
Investment in Securities	20.02	-1.08	-37	43.45	40.95	-52.98
Other Investing Activities	13.43	17.96	22.24	47.99	13.02	10.53
Investing Cash Flow	35.5	16.83	-17	86.72	49.32	-33.54
Long-Term Debt Issued	-	208.32	194.7	405.47	258.11	151.93
Long-Term Debt Repaid	-	-189.82	-132.22	-369.66	-143.57	-100.88
Net Debt Issued (Repaid)	-48.81	18.5	62.48	35.81	114.55	51.05
Issuance of Common Stock	-	-	-	0.12	16.42	57.6
Common Dividends Paid	-	-5.55	-30.41	-30.41	-28.91	-26.98
Other Financing Activities	-41.98	-35.02	-33.55	-13.85	-18.73	-
Financing Cash Flow	-90.79	-22.07	-1.48	-8.33	83.32	81.67
Miscellaneous Cash Flow Adjustments	-0	-0	-	4.21	-0	-
Net Cash Flow	55.4	49.72	-143.85	2.55	125.32	-8.09
Free Cash Flow	112.12	54.36	-127.97	-84.81	-16.17	-57.1
Free Cash Flow Margin	27.06%	14.40%	-81.84%	-35.89%	-4.16%	-15.67%
Free Cash Flow Per Share	11.06	5.41	-12.84	-8.50	-1.62	-6.14
Cash Interest Paid	41.86	35.02	33.55	19.73	15.46	18.94
Cash Income Tax Paid	2.55	-0.96	14.22	8.33	6.25	6.01
Levered Free Cash Flow	5.86	37.38	-138.29	-162.97	16.78	115.08
Unlevered Free Cash Flow	17.82	48.16	-132.12	-160.3	20.91	122.49
Change in Working Capital	80.7	41.13	-119.65	-73.18	-60.38	-80.85

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