KLSE:PAVREIT 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	466.91	409.92	431.8	397.8	125.24
Depreciation & Amortization	0.71	0.78	0.63	0.33	0.53
Other Amortization	-	2.53	1.97	1.47	1.82
Gain (Loss) on Sale of Assets	-	-	-0	-0	-
Asset Writedown	-107.32	-99.94	-146.53	-151.38	0.63
Change in Accounts Receivable	-1.42	-11.62	-20.58	-4.53	-11.66
Change in Accounts Payable	39.92	-	-	-	-
Change in Other Net Operating Assets	7.02	36.78	69.97	29.19	-5.96
Other Operating Activities	158.34	164.82	131.21	84	81.72
Operating Cash Flow	568.82	506.58	475.23	361.85	194.73
Operating Cash Flow Growth	12.29%	6.60%	31.34%	85.82%	-22.12%
Acquisition of Real Estate Assets	-862.59	-0.07	-1,827	-13.77	-17.72
Sale of Real Estate Assets	-	-	0	0	-
Net Sale / Acq. of Real Estate Assets	-862.59	-0.07	-1,827	-13.77	-17.72
Other Investing Activities	12.38	8.32	-20.09	5.32	10.38
Investing Cash Flow	-850.2	8.25	-1,847	-8.44	-7.34
Long-Term Debt Issued	724.7	100	2,095	190	420
Long-Term Debt Repaid	-181	-100	-895	-170	-406.76
Net Debt Issued (Repaid)	543.71	-	1,200	20	13.24
Issuance of Common Stock	360	-	720	-	-
Common Dividends Paid	-359.02	-333.66	-270.47	-203.25	-132.52
Other Financing Activities	-171.86	-162.81	-155.47	-91.25	-91.42
Net Cash Flow	91.44	18.36	122.59	78.91	-23.3
Cash Interest Paid	164.39	161.99	132.56	90.52	86.39
Levered Free Cash Flow	-103.71	226.58	541.7	217.97	-9.37
Unlevered Free Cash Flow	4.78	337.89	630.09	273.99	43.95
Change in Working Capital	44.74	23.34	48.36	24.85	-17.65

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