VGP NV (LON:0HM0)

VGP NV Cash Flow Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	290.44	286.99	87.29	-122.54	650.06
Depreciation & Amortization	10.73	8.61	5.92	4.48	2.43
Gain (Loss) on Sale of Assets	-63.44	-124.3	-65.56	-82.88	-145.78
Asset Writedown	-180.18	-62.76	-22.4	180.11	-464.48
Income (Loss) on Equity Investments	-41.29	-92.74	10.72	45.93	-186.7
Change in Accounts Receivable	-43.71	-11.83	-20.77	-43.22	-51.47
Change in Accounts Payable	11.82	-2.77	12.53	-12.63	10.93
Other Operating Activities	66.51	-15.15	-35.06	-39.89	97.55
Operating Cash Flow	50.89	-13.95	-27.33	-70.64	-87.47
Acquisition of Real Estate Assets	-641.89	-452.16	-667.02	-851.79	-680.03
Sale of Real Estate Assets	0.02	0.05	-	-	0.04
Net Sale / Acq. of Real Estate Assets	-641.88	-452.12	-667.02	-851.79	-679.99
Cash Acquisition	-	-4.27	-	-	-
Investment in Marketable & Equity Securities	82.73	32.27	12.82	21.38	-4.06
Other Investing Activities	-0.94	-53.12	-30.13	-83.11	-86.02
Investing Cash Flow	-171.34	331.37	-8.08	-566.15	-720.42
Long-Term Debt Issued	565.08	135	-	990.75	594.15
Long-Term Debt Repaid	-275.25	-78	-375	-23.5	-1.33
Net Debt Issued (Repaid)	289.84	57	-375	967.25	592.82
Issuance of Common Stock	-	-	-	298.71	294.9
Common Dividends Paid	-90.06	-100.98	-75.05	-149.56	-75.13
Other Financing Activities	-48.26	-	-	-	-
Foreign Exchange Rate Adjustments	0.04	-0.01	-0.57	-0.16	-1.13
Miscellaneous Cash Flow Adjustments	-0.55	9.18	-3.22	-2.45	-3.76
Net Cash Flow	30.56	282.61	-489.25	477.01	-0.2
Cash Interest Paid	48.26	46.93	57.33	39.29	28.73
Cash Income Tax Paid	10.58	10.86	15.92	7.59	0.23
Levered Free Cash Flow	183.87	695.57	-514.49	229.62	-432.91
Unlevered Free Cash Flow	216.88	722.34	-492.93	253.18	-419.87
Change in Working Capital	-31.89	-14.6	-8.24	-55.85	-40.54

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