Property For Industry Limited (NZE:PFI)

Property For Industry Cash Flow Statement

Financials in millions NZD. Fiscal year is July - June.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2025	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	106.02	42.36	-97.79	-13.94	452.81
Depreciation & Amortization	0.49	0.49	0.57	0.19	0.18
Other Amortization	1.64	3.83	-	-	-
Gain (Loss) on Sale of Assets	0.05	1.05	0.79	-0.58	-2.64
Asset Writedown	-70.74	8.33	140.83	85.82	-392.52
Stock-Based Compensation	0.32	0.35	0.35	0.36	0.34
Change in Accounts Receivable	-1.75	2.28	-4.59	1.33	-0.35
Change in Accounts Payable	3.01	1.99	5.01	1.1	2.19
Other Operating Activities	17.16	-3.82	3.97	-21.64	-3.74
Operating Cash Flow	60.71	55.66	46.93	52.08	56.13
Operating Cash Flow Growth	9.08%	18.59%	-9.88%	-7.21%	59.61%
Acquisition of Real Estate Assets	-62.68	-121.56	-77.03	-27.36	-250.27
Sale of Real Estate Assets	12.62	57.75	27.9	21.7	108.76
Net Sale / Acq. of Real Estate Assets	-50.06	-63.81	-49.13	-5.66	-141.51
Other Investing Activities	0.05	0.01	-0.38	-	0.9
Investing Cash Flow	-50.01	-63.8	-49.51	-5.66	-140.61
Long-Term Debt Issued	175	-	150.5	2.47	111.36
Total Debt Issued	175	53.17	150.5	2.47	111.36
Long-Term Debt Repaid	-143.87	-	-105.39	-0.11	-0.11
Total Debt Repaid	-143.87	-0.24	-105.39	-0.11	-0.11
Net Debt Issued (Repaid)	31.13	52.93	45.12	2.35	111.25
Repurchase of Common Stock	-	-	-	-8.66	-
Common Dividends Paid	-41.69	-44.19	-42.68	-39.89	-27.07
Net Cash Flow	0.14	0.59	-0.15	0.23	-0.31
Cash Interest Paid	32.78	29.66	27.93	23.58	19.81
Cash Income Tax Paid	4.49	6.4	7.83	11.08	10.3
Levered Free Cash Flow	39.12	-	20.13	40.22	148.14
Unlevered Free Cash Flow	68.47	-	44.7	44.03	153.03
Change in Working Capital	5.65	3.04	-1.81	1.87	2.14

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