KLSE:AXREIT Cash Flow Statement

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

Millions MYR. 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	282.08	210.01	217.77	190.37	200.36
Depreciation & Amortization	0.29	0.36	0.5	0.59	0.64
Gain (Loss) on Sale of Assets	-0.87	2.43	-	-	-0
Asset Writedown	-86.29	-49.41	-81.31	-27.82	-67.79
Change in Accounts Receivable	-17.27	2.08	-7.25	2.44	14.96
Change in Other Net Operating Assets	-17.25	66.15	-3.15	14.19	-5.68
Other Operating Activities	77.52	74.44	67.96	47.18	48.53
Operating Cash Flow	238.2	306.58	198.72	228.17	191.06
Operating Cash Flow Growth	-22.30%	54.28%	-12.91%	19.42%	13.49%
Acquisition of Real Estate Assets	-60.24	-779.37	-176.82	-544.01	-266.39
Sale of Real Estate Assets	23.87	156.57	-	-	0.01
Net Sale / Acq. of Real Estate Assets	-36.37	-622.8	-176.82	-544.01	-266.38
Other Investing Activities	-4.67	1.07	1.49	6.66	-7.99
Investing Cash Flow	-41.04	-621.73	-175.32	-537.35	-274.37
Long-Term Debt Issued	-	194.22	7.94	469.97	209.41
Long-Term Debt Repaid	-18.1	-0.02	-0.04	-110.04	-138.06
Net Debt Issued (Repaid)	-18.1	194.2	7.9	359.93	71.36
Issuance of Common Stock	25.89	449.73	185.95	11.49	342.52
Common Dividends Paid	-183.15	-181.74	-147.29	-157.18	-134.86
Other Financing Activities	-70.66	-78.07	-61.75	-51.64	-48.35
Net Cash Flow	-48.86	68.97	8.2	-146.58	147.36
Cash Interest Paid	-	-	-	51.48	44.65
Levered Free Cash Flow	105.25	133.84	77	104.34	92.14
Unlevered Free Cash Flow	149.87	180.36	114.84	137.45	120.7
Change in Working Capital	-34.52	68.22	-10.4	16.63	9.27

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