JSE:LTE 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	78.62	64.94	407.71	25.16	-46.49	-216.95
Depreciation & Amortization	-	-	-	-	0.13	-0.01
Gain (Loss) on Sale of Investments	-3.77	-3.77	-362.87	1.08	-3.66	117.13
Asset Writedown	-1.56	-1.56	16.09	-0.85	-9.53	22.87
Stock-Based Compensation	0.44	0.44	0.29	0.26	0.19	-
Income (Loss) on Equity Investments	-6.53	-6.53	-7.77	-	70.91	73.05
Change in Accounts Receivable	5.15	5.15	1.6	3.5	0.12	2.03
Change in Accounts Payable	-13.12	-13.12	3.99	-4.5	-2.56	-3.19
Change in Other Net Operating Assets	3.03	3.03	-4.13	-0.65	0.13	-
Other Operating Activities	-13.64	-5.95	-18.03	-1.61	3.37	23.19
Operating Cash Flow	48.62	42.64	36.86	22.38	12.61	18.1
Operating Cash Flow Growth	29.24%	15.66%	64.74%	77.42%	-30.31%	230.84%
Acquisition of Real Estate Assets	-372.34	-186.33	-22.49	-24.04	-3.03	-2.41
Sale of Real Estate Assets	68.75	68.75	-	-	-	31.49
Net Sale / Acq. of Real Estate Assets	-303.59	-117.58	-22.49	-24.04	-3.03	29.08
Cash Acquisition	-88.35	-132.43	-	-66.04	-295.1	-
Investment in Marketable & Equity Securities	151.72	192.32	103.86	9.29	12.52	-71.58
Other Investing Activities	42.97	5.34	-8.6	-	-	1.49
Investing Cash Flow	-197.24	-52.35	72.77	-80.8	-285.62	-41.01
Long-Term Debt Issued	-	2.8	5.6	160	113.38	-
Long-Term Debt Repaid	-	-41.21	-13.78	-83.68	-7.86	-
Total Debt Repaid	-33.41	-41.21	-13.78	-83.68	-7.86	-16.76
Net Debt Issued (Repaid)	105.75	-38.41	-8.18	76.32	105.52	-16.76
Issuance of Common Stock	71.68	52.43	-	2.71	149.55	66.84
Repurchase of Common Stock	-0.79	-0.51	-	-0.02	-0.09	-
Common Dividends Paid	-27.02	-22.15	-12.01	-27.89	-2.31	-13.15
Other Financing Activities	-4.55	-	-0.02	9.48	-	-
Foreign Exchange Rate Adjustments	1.83	1.89	-0.39	0.69	0.47	-0.36
Net Cash Flow	-1.72	-16.47	89.02	2.88	-19.87	13.66
Cash Interest Paid	28.71	21.35	15.15	10.31	3.88	2.79
Cash Income Tax Paid	5.52	2.38	1.59	1.99	0.96	1.09
Levered Free Cash Flow	162.32	23.16	21.15	16.29	-31.94	-
Unlevered Free Cash Flow	178.08	35.99	30.28	25.18	-29.23	-
Change in Working Capital	-4.95	-4.95	1.46	-1.65	-2.31	-1.16

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