Baltic Sea Properties AS (OSL:BALT)

Baltic Sea Properties AS Cash Flow Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	45.82	55.33	28.97	46.98	81.9
Depreciation & Amortization	0.92	0.79	0.47	0.44	0.89
Other Amortization	-	0.27	0.19	0.08	0.05
Gain (Loss) on Sale of Assets	-	-	-	-	-6.6
Asset Writedown	-25.4	-41.68	-3.59	-17.55	-56.95
Change in Accounts Receivable	1.98	11.68	-3.46	13.86	1.23
Change in Other Net Operating Assets	1.05	-1.02	3.63	0.86	-1.11
Other Operating Activities	54.57	56.94	40.57	17.2	24.93
Operating Cash Flow	78.94	82.31	66.79	61.86	44.34
Operating Cash Flow Growth	-4.09%	23.24%	7.95%	39.52%	-
Acquisition of Real Estate Assets	-79.16	-96.22	-31.54	-211.17	-184.33
Net Sale / Acq. of Real Estate Assets	-79.16	-96.22	-31.54	-211.17	-184.33
Investment in Marketable & Equity Securities	-	-	-	-0.63	11.3
Other Investing Activities	0.42	0.69	0.31	0.16	118.19
Investing Cash Flow	-78.74	-95.54	-31.23	-211.63	-54.84
Long-Term Debt Issued	64.82	42.2	64.26	244.6	270.86
Total Debt Issued	64.82	42.2	64.26	244.6	270.86
Long-Term Debt Repaid	-4.72	-39.38	-54.28	-76.48	-219.02
Total Debt Repaid	-4.72	-39.38	-54.28	-76.48	-219.02
Net Debt Issued (Repaid)	60.1	2.82	9.98	168.12	51.84
Issuance of Common Stock	0.13	95.44	-	-	-
Common Dividends Paid	-17.38	-11.69	-10.6	-10.03	-9.98
Other Financing Activities	-36.44	-35.41	-38.11	-15.93	-15.76
Foreign Exchange Rate Adjustments	-0.15	2.17	-0.02	-1.1	-1.7
Miscellaneous Cash Flow Adjustments	0	-	-	-	-
Net Cash Flow	6.46	40.1	-3.19	-8.71	13.9
Cash Interest Paid	36.44	35.41	38.11	15.93	15.76
Cash Income Tax Paid	-	-	0.36	-1.33	0.5
Levered Free Cash Flow	25.85	38.05	16.31	21.35	17.63
Unlevered Free Cash Flow	48.78	63.53	36.94	32.38	27.48
Change in Working Capital	3.03	10.67	0.17	14.72	0.12

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