Channel Infrastructure NZ Cash Flow Statement

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

Millions NZD. 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	11.79	13.89	24.06	11.96	-552.63
Depreciation & Amortization	48.61	38.66	35.41	24.61	84.04
Asset Writedown & Restructuring Costs	2.5	8.31	-1.92	7	549.62
Stock-Based Compensation	0.27	0.21	0.61	2.89	1.08
Other Operating Activities	5.97	-6.8	-20.44	-40.89	-63.08
Change in Accounts Receivable	-0.06	10.04	-2.84	116.8	21.05
Change in Inventory	0.39	0.07	-0.46	0.68	12.87
Change in Accounts Payable	-3.09	0.82	2.98	-137.03	-4.64
Change in Income Taxes	0.06	-0.02	-0.09	0.68	-0.01
Change in Other Net Operating Assets	7.91	-0.29	-0.6	-8.74	-13.6
Operating Cash Flow	74.35	64.89	36.72	-14.13	34.7
Operating Cash Flow Growth	14.59%	76.73%	-	-	9.71%
Capital Expenditures	-50.12	-52.62	-63.06	-59.14	-33.45
Sale of Property, Plant & Equipment	7.83	3.53	7.26	-	-
Cash Acquisitions	-17.14	-	-	-	-
Sale (Purchase) of Intangibles	-	-	5.09	2.41	1.95
Investing Cash Flow	-59.43	-49.08	-50.72	-56.73	-31.5
Long-Term Debt Issued	34.44	33.5	79.9	98.11	-
Long-Term Debt Repaid	-0.1	-54.98	-21	-40.95	-77.78
Net Debt Issued (Repaid)	34.34	-21.48	58.9	57.17	-77.78
Issuance of Common Stock	-	48.3	-	-	47.38
Common Dividends Paid	-47.64	-46.21	-42.42	-	-0.01
Other Financing Activities	-	-	-	0.01	-
Financing Cash Flow	-13.3	-19.39	16.48	57.18	-30.42
Net Cash Flow	1.62	-3.59	2.48	-13.68	-27.22
Free Cash Flow	24.24	12.27	-26.35	-73.27	1.25
Free Cash Flow Growth	97.48%	-	-	-	-
Free Cash Flow Margin	17.29%	8.78%	-20.16%	-83.04%	40.35%
Free Cash Flow Per Share	0.06	0.03	-0.07	-0.20	0.00
Cash Interest Paid	14.98	20.02	17.4	13.49	10.57
Cash Income Tax Paid	-0.1	0.02	0.47	-1.02	0.01
Levered Free Cash Flow	14.98	5.23	-18.5	-91.99	155.99
Unlevered Free Cash Flow	25.07	17.09	-7.13	-85.77	155.99
Change in Working Capital	5.2	10.63	-1.01	-27.61	15.67

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