Branicks Group AG 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	Sep '25 Sep 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	-289.3	-281.11	-65.96	31.02	57.8	70.01
Depreciation & Amortization	332.51	302.38	156.02	73.88	42.99	38.77
Other Amortization	0.36	0.36	-	-	-	-
Gain (Loss) on Sale of Assets	-14.53	-4.33	-8.18	-12.7	-23.77	-32
Gain (Loss) on Sale of Investments	133.19	133.19	-	-	-	-
Change in Accounts Receivable	5.5	44.76	45.22	66.59	-49.34	-14.73
Other Operating Activities	-131	-140.39	-30.04	0.06	15.72	5.37
Operating Cash Flow	36.73	54.84	97.05	158.86	43.4	67.43
Operating Cash Flow Growth	-50.56%	-43.49%	-38.91%	266.07%	-35.64%	3.99%
Acquisition of Real Estate Assets	-51.45	-82.44	-71.11	-90.15	-314.26	-192.26
Sale of Real Estate Assets	469.72	543.59	558.61	51.49	130.74	116.32
Net Sale / Acq. of Real Estate Assets	418.27	461.15	487.5	-38.65	-183.52	-75.94
Cash Acquisition	-	-	-	-875.37	-36.19	-
Investment in Marketable & Equity Securities	93.81	92.62	-181.35	213.69	-355.09	1.9
Other Investing Activities	-	-	0.05	-	-	-
Investing Cash Flow	512.08	553.77	306.21	-700.32	-567.11	-73.57
Long-Term Debt Issued	-	115.15	582.83	627.78	1,405	188.14
Long-Term Debt Repaid	-	-774.29	-753.77	-479.67	-657.67	-232.9
Net Debt Issued (Repaid)	-596.52	-659.15	-170.94	148.11	747.7	-44.76
Issuance of Common Stock	-	-	-	-	-	109.72
Common Dividends Paid	-	-	-59.64	-43.48	-37.36	-35.96
Other Financing Activities	-24.81	-44.3	-15.53	-17.69	-14.34	-2.7
Miscellaneous Cash Flow Adjustments	-	-	-	96.02	3.21	-
Net Cash Flow	-72.52	-94.83	157.15	-358.51	175.51	20.17
Cash Interest Paid	62.55	90.77	96.67	61.49	32.33	30.59
Cash Income Tax Paid	21.02	0.82	23.85	16.47	28.22	14.06
Levered Free Cash Flow	299.94	297.55	341.38	-17.19	-228.44	-36.77
Unlevered Free Cash Flow	351.37	374.41	410.56	27.32	-191.41	-13.79
Change in Working Capital	5.5	44.76	45.22	66.59	-49.34	-14.73

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.