MAS P.L.C. Cash Flow Statement

Financials in millions EUR. Fiscal year is July - June.

Millions EUR. Fiscal year is Jul - Jun.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Jun '25 Jun 30, 2025	Jun '24 Jun 30, 2024	Jun '23 Jun 30, 2023	Jun '22 Jun 30, 2022	Jun '21 Jun 30, 2021
Net Income	60.46	124.97	123.18	90.83	141.17	71.74
Depreciation & Amortization	0.08	0.08	0.07	0.09	0.14	0.18
Other Amortization	10.43	10.74	13.67	14	14.07	1.59
Gain (Loss) on Sale of Assets	19.42	3.29	-0.02	-5.32	-	-
Gain (Loss) on Sale of Investments	74.45	29.66	3.96	-12.02	14.23	-12.16
Asset Writedown	-30.21	-57.55	-59.2	-28.38	-75.45	-15.92
Stock-Based Compensation	0.49	0.41	0.64	10.56	1.2	1.09
Income (Loss) on Equity Investments	8.97	-18.45	-7.69	-4.32	-40.9	-10.63
Change in Accounts Receivable	5.89	2.35	0.48	8.68	79.97	-13.66
Change in Accounts Payable	0.48	2.41	4.86	-0.24	-71.84	5.29
Other Operating Activities	-41.58	-79.15	-9.62	-9.35	-5.16	-6.49
Net Cash from Discontinued Operations	-0.24	-0.42	1.65	6.11	7.91	18.9
Operating Cash Flow	108.86	18.39	72.4	70.64	65.34	39.92
Operating Cash Flow Growth	467.50%	-74.60%	2.49%	8.13%	63.67%	-39.13%
Acquisition of Real Estate Assets	-23.36	-8.77	-10.14	-9.29	-8.64	-15.25
Sale of Real Estate Assets	43.43	43.43	22.78	11.42	53.8	343.85
Net Sale / Acq. of Real Estate Assets	20.07	34.66	12.65	2.13	45.16	328.6
Cash Acquisition	-	-	-	-89.76	-	-
Investment in Marketable & Equity Securities	50.63	-41.93	-80.97	33.13	-128.01	-82.85
Other Investing Activities	-5.08	-2.57	9.88	-45.31	37.65	18.61
Investing Cash Flow	65.62	-9.85	-58.45	-99.81	-45.19	264.35
Long-Term Debt Issued	-	90.5	136	5	-	296.71
Long-Term Debt Repaid	-	-11.79	-99.94	-14.69	-34	-341.81
Net Debt Issued (Repaid)	-142.26	78.71	36.06	-9.69	-34	-45.1
Repurchase of Common Stock	-30.62	-	-	-	-19.99	-
Common Dividends Paid	-	-	-	-56.27	-62.63	-
Other Financing Activities	-33.03	-31.31	-29.02	-18.64	-15.64	-21.98
Foreign Exchange Rate Adjustments	-0.28	-0.06	-0.06	-0.04	-0.78	-1.52
Net Cash Flow	-31.7	55.88	20.94	-113.82	-112.9	235.67
Cash Interest Paid	30.93	29.03	23.31	18.55	15.3	8.27
Cash Income Tax Paid	4.22	4.82	3.64	3.58	2.55	8.13
Levered Free Cash Flow	50.77	-93.21	119.69	-27.71	241.77	247.17
Unlevered Free Cash Flow	58.13	-86.24	121.77	-29.25	237.23	250.86
Change in Working Capital	6.37	4.76	5.34	8.44	8.13	-8.38

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