AX Real Estate p.l.c. Cash Flow Statement

Financials in millions EUR. Fiscal year is November - October.

Millions EUR. Fiscal year is Nov - Oct.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2020
Period Ending	Apr '25 Apr 30, 2025	Oct '24 Oct 31, 2024	Oct '23 Oct 31, 2023	Oct '22 Oct 31, 2022	Oct '21 Oct 31, 2021	Oct '20 Oct 31, 2020	2020
Net Income	7.85	7.6	0.41	3.6	-21.16	0.16	Upgrade
Other Amortization	0.06	0.06	0.06	0.06	-	-	Upgrade
Asset Writedown	0.69	0.69	1.82	-2.79	23.72	-	Upgrade
Change in Accounts Receivable	-3.88	-3.88	3.81	-3.72	-0.31	-0.09	Upgrade
Change in Accounts Payable	3.65	3.65	-4.84	2.19	-0.19	-0.14	Upgrade
Other Operating Activities	4.43	5.21	4.98	6.24	-1.85	0.07	Upgrade
Operating Cash Flow	12.94	13.47	6.23	6.06	0.21	-	Upgrade
Operating Cash Flow Growth	65.80%	116.03%	2.89%	2833.65%	-	-	Upgrade
Acquisition of Real Estate Assets	-13.22	-14.15	-26.71	-31.65	-0.23	-	Upgrade
Net Sale / Acq. of Real Estate Assets	-13.22	-14.15	-26.71	-31.65	-0.23	-	Upgrade
Investing Cash Flow	-12.03	-14.15	-26.71	-31.65	-0.24	-	Upgrade
Short-Term Debt Issued	-	1.56	0.91	-	-	-	Upgrade
Long-Term Debt Issued	-	6.35	24.15	30.65	0	-	Upgrade
Total Debt Issued	7.91	7.91	25.05	30.65	0	-	Upgrade
Short-Term Debt Repaid	-	-	-	-3.74	-	-	Upgrade
Long-Term Debt Repaid	-	-4.66	-2.07	-	-	-	Upgrade
Total Debt Repaid	-4.66	-4.66	-2.07	-3.74	-	-	Upgrade
Net Debt Issued (Repaid)	3.25	3.25	22.98	26.91	0	-	Upgrade
Issuance of Common Stock	-	-	-	13.17	0.05	-	Upgrade
Common Dividends Paid	-4.3	-6	-6.86	-3.43	-	-	Upgrade
Net Cash Flow	-0.85	-3.43	-4.35	11.06	0.02	-	Upgrade
Cash Interest Paid	3.65	3.65	3.12	0.52	-	-	Upgrade
Cash Income Tax Paid	1.26	1.26	1.23	-0.06	-	-	Upgrade
Levered Free Cash Flow	8.22	6.23	11.7	-3.24	-2.68	-0.01	Upgrade
Unlevered Free Cash Flow	12.15	10.14	14.8	-1.24	-2.64	-0.01	Upgrade
Change in Working Capital	-0.09	-0.09	-1.02	-1.06	-0.5	-0.23	Upgrade

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