FRA:SPB Cash Flow Statement

Financials in millions EUR. Fiscal year is October - September.

Millions EUR. Fiscal year is Oct - Sep.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '25 Sep 30, 2025	Sep '24 Sep 30, 2024	Sep '23 Sep 30, 2023	Sep '22 Sep 30, 2022	Sep '21 Sep 30, 2021
Net Income	4.34	34.57	12.74	8.01	45.77
Depreciation & Amortization	19.6	17.06	16.71	16.13	16.22
Gain (Loss) on Sale of Assets	-	-0.01	-1.87	-0.48	-2.42
Change in Accounts Receivable	23.23	-5.56	30.09	24.98	-1.07
Change in Accounts Payable	-2.03	-2.5	-5.24	7.2	-14.06
Change in Other Net Operating Assets	-	-	-	-3.19	-1.87
Other Operating Activities	11.83	15.52	21.09	-8.14	15.58
Operating Cash Flow	56.97	59.08	73.52	44.51	58.15
Operating Cash Flow Growth	-3.57%	-19.64%	65.16%	-23.45%	-16.83%
Acquisition of Real Estate Assets	-27.8	-53.36	-50.16	-39.94	-48.38
Sale of Real Estate Assets	0.12	0.03	3	11.43	3.19
Net Sale / Acq. of Real Estate Assets	-27.68	-53.33	-47.16	-28.51	-45.19
Cash Acquisition	-	-1.1	-	-23.03	-0.54
Investment in Marketable & Equity Securities	0.03	0.07	0.02	0.1	1.7
Other Investing Activities	0.04	0.05	-	-	-16.71
Investing Cash Flow	-27.61	-54.33	-47.14	-51.44	-60.75
Long-Term Debt Issued	128.35	103.5	82	94.5	54.89
Long-Term Debt Repaid	-101.63	-63.33	-59.08	-39.42	-13.55
Net Debt Issued (Repaid)	26.72	40.17	22.92	55.08	41.34
Common Dividends Paid	-23.92	-21.29	-21.3	-32.31	-21.29
Other Financing Activities	-22.02	-28.55	-20.81	-13.69	-12.89
Net Cash Flow	10.15	-4.91	7.19	2.15	-6.45
Cash Interest Paid	-	25.93	18.19	11.07	10.26
Cash Income Tax Paid	-	11.18	9.58	14.31	5.68
Levered Free Cash Flow	22.22	41.57	2.74	90.86	-29.78
Unlevered Free Cash Flow	35.49	55.46	14.29	97.66	-23.09
Change in Working Capital	21.2	-8.06	24.85	28.99	-16.99

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