New Zealand Rural Land Company Limited (NZE:NZL)

NZE:NZL Cash Flow Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2022	FY 2021
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Jun 30, 2022	Jun 30, 2021
Net Income	14.17	23.08	10.85	41.78	39.68	18.14
Other Amortization	0.03	0.03	0.04	0.03	0.05	-
Asset Writedown	-23.86	-23.86	-7.39	-2.26	-35.34	-19.83
Stock-Based Compensation	0.66	0.66	0.9	0.5	4.12	2.19
Change in Accounts Payable	0.67	0.67	0.07	0.12	0.07	0.37
Change in Other Net Operating Assets	-1.22	-1.22	-0.03	1.24	-0.7	-0.73
Other Operating Activities	17.68	9.43	1.25	-36.98	-4.29	-1.1
Operating Cash Flow	8.36	9.02	5.99	3.84	4.17	-0.99
Operating Cash Flow Growth	12.53%	50.58%	56.00%	-7.92%	-	-
Acquisition of Real Estate Assets	-11.25	-38.72	-65.44	-35.59	-90.67	-144.82
Sale of Real Estate Assets	0.56	-	0.03	-	-	-
Net Sale / Acq. of Real Estate Assets	-10.7	-38.72	-65.41	-35.59	-90.67	-144.82
Investment in Marketable & Equity Securities	-	-	-	-	-	-0.09
Investing Cash Flow	-10.7	-38.72	-65.41	-35.59	-102.69	-151.43
Long-Term Debt Issued	-	26.9	42.5	-	60.77	-
Total Debt Issued	5.03	26.9	42.5	18.47	60.77	65.55
Long-Term Debt Repaid	-	-41.18	-4.17	-	-14.25	-
Net Debt Issued (Repaid)	4.66	-14.28	38.33	18.47	46.51	65.55
Issuance of Common Stock	0.01	0.01	23.35	16.84	34.82	114.3
Repurchase of Common Stock	-0.02	-0.08	-	-	-	-
Common Dividends Paid	-5.03	-1.19	-2.35	-3.61	-1.76	-
Other Financing Activities	0.26	49.51	-0.59	-0.44	-0.55	-2.84
Net Cash Flow	-2.46	4.26	-0.68	-0.49	-19.49	24.6
Cash Interest Paid	9.38	9.04	8.7	5.17	1.89	0.14
Cash Income Tax Paid	-	-0.01	-0.01	-0	-0.01	0.03
Levered Free Cash Flow	2.04	-5.25	3.51	-	4.79	-
Unlevered Free Cash Flow	7.53	0.25	9.06	-	6.29	-
Change in Working Capital	-0.33	-0.33	0.34	0.78	-0.04	-0.39

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