Summerset Group Holdings 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	259.72	331.96	425.33	269.07	543.66
Depreciation & Amortization	26.31	19.1	14.75	12.62	10.52
Other Amortization	-	-	1.05	0.98	1.04
Loss (Gain) From Sale of Assets	-	-	-	-1.34	-3.24
Asset Writedown & Restructuring Costs	-266.33	-357.58	-430.56	-268.76	-540.93
Stock-Based Compensation	4.73	3.94	3.76	1.2	1.46
Other Operating Activities	-125.26	-76.77	-90.87	-79.35	-62.73
Change in Accounts Receivable	10.02	-7.51	-7.6	-8.37	-1.62
Change in Accounts Payable	12.82	2.96	7.37	5.49	-0.14
Change in Other Net Operating Assets	626.17	527.08	474.95	437.65	435.38
Operating Cash Flow	548.18	443.17	398.18	369.18	383.41
Operating Cash Flow Growth	23.69%	11.30%	7.85%	-3.71%	43.68%
Capital Expenditures	-220.45	-152.54	-110.95	-75.88	-57.92
Sale (Purchase) of Intangibles	-0.11	-1.52	-2.28	-1.91	-1.73
Sale (Purchase) of Real Estate	-499.59	-526.9	-553.65	-573.96	-365.36
Investment in Securities	-2.22	-2.16	-1.59	-	-
Investing Cash Flow	-722.38	-683.11	-668.47	-651.75	-425
Long-Term Debt Issued	357.06	299.87	422.93	342.21	67.1
Long-Term Debt Repaid	-127.69	-3.02	-102.61	-1.92	-1.77
Net Debt Issued (Repaid)	229.37	296.85	320.31	340.29	65.33
Issuance of Common Stock	-	-	-	1.63	4.94
Common Dividends Paid	-32.58	-33.54	-34.29	-28.17	-23.71
Other Financing Activities	-28.33	-26.09	-28.37	-14.26	-12.41
Financing Cash Flow	168.46	237.21	257.65	299.5	34.16
Foreign Exchange Rate Adjustments	0.08	1.79	-0.06	-0.01	0.05
Net Cash Flow	-5.66	-0.94	-12.7	16.93	-7.4
Free Cash Flow	327.72	290.63	287.22	293.3	325.49
Free Cash Flow Growth	12.76%	1.19%	-2.07%	-9.89%	41.88%
Free Cash Flow Margin	90.82%	91.22%	106.18%	123.08%	158.55%
Free Cash Flow Per Share	1.36	1.23	1.23	1.27	1.42
Cash Interest Paid	28.33	26.09	28.37	14.26	12.41
Levered Free Cash Flow	-74.28	104.81	-312.92	-46.65	32.95
Unlevered Free Cash Flow	-55.74	113.26	-302.47	-28.66	50.62
Change in Working Capital	649	522.53	474.72	434.76	433.62

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.