Zug Estates Holding AG Cash Flow Statement

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

Millions CHF. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 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	94.51	58.72	24.19	39.8	75.56	32.26
Depreciation & Amortization	3.13	3.46	3.12	3.05	3.14	3.27
Other Amortization	0.54	0.54	0.47	0.5	0.32	0.32
Gain (Loss) on Sale of Assets	-	-	-	-	-7.32	-
Asset Writedown	-24.75	-24.75	11	-6.79	-42.4	2.22
Change in Accounts Receivable	-1.01	-1.01	4.92	-4.59	7.89	-3.95
Change in Accounts Payable	-0.01	-0.01	0.03	1.13	0.05	-1.6
Change in Other Net Operating Assets	2.29	3.01	-6.04	3.06	3.32	39.21
Other Operating Activities	-27.61	5.93	1.31	3.25	7.44	4.24
Operating Cash Flow	47.07	45.86	39.04	39.4	48.02	76
Operating Cash Flow Growth	13.71%	17.47%	-0.90%	-17.95%	-36.81%	56.54%
Acquisition of Real Estate Assets	-10.02	-10.02	-33.38	-14.73	-10.54	-52.14
Sale of Real Estate Assets	-	-	4.5	1.35	17.53	-
Net Sale / Acq. of Real Estate Assets	-10.02	-10.02	-28.88	-13.39	7	-52.14
Investment in Marketable & Equity Securities	0.03	0.03	0.03	-91.35	0.25	0.19
Other Investing Activities	-7.53	-	-	-	-	-
Investing Cash Flow	-17.93	-10.4	-29.2	-105.5	6.71	-52.14
Short-Term Debt Issued	-	24.5	31.85	168	-	40
Long-Term Debt Issued	-	99.84	103.88	99.66	-	-
Total Debt Issued	124.34	124.34	135.73	267.66	-	40
Short-Term Debt Repaid	-	-140.48	-122.07	-83.8	-30.8	-45.8
Long-Term Debt Repaid	-	-	-	-100	-	-
Total Debt Repaid	-140.48	-140.48	-122.07	-183.8	-30.8	-45.8
Net Debt Issued (Repaid)	-16.14	-16.14	13.66	83.86	-30.8	-5.8
Common Dividends Paid	-22.44	-22.44	-20.91	-19.13	-17.34	-15.81
Miscellaneous Cash Flow Adjustments	-	-	0.21	-	-	0.23
Net Cash Flow	1.65	-3.12	2.8	-1.37	1.49	-4.15
Levered Free Cash Flow	31.18	29.5	24.62	23.38	45.01	46.95
Unlevered Free Cash Flow	37.72	35.91	31	28.23	49.67	51.44
Change in Working Capital	1.25	1.98	-1.06	-0.41	11.27	33.68

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