Baltic Sea Properties AS (OSL:BALT)

Baltic Sea Properties AS Cash Flow Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	52.41	55.33	28.97	46.98	81.9	14.8
Depreciation & Amortization	0.93	0.79	0.47	0.44	0.89	26.37
Other Amortization	0.27	0.27	0.19	0.08	0.05	-
Gain (Loss) on Sale of Assets	-	-	-	-	-6.6	-
Asset Writedown	-34.3	-41.68	-3.59	-17.55	-56.95	5.75
Change in Accounts Receivable	9.03	11.68	-3.46	13.86	1.23	0.2
Change in Accounts Payable	-	-	-	-	-	-9.25
Change in Other Net Operating Assets	-7.38	-1.02	3.63	0.86	-1.11	-32.25
Other Operating Activities	56.69	56.94	40.57	17.2	24.93	-17.2
Operating Cash Flow	77.64	82.31	66.79	61.86	44.34	-11.58
Operating Cash Flow Growth	-9.83%	23.24%	7.95%	39.52%	-	-
Acquisition of Real Estate Assets	-92.98	-96.22	-31.54	-211.17	-184.33	-106.76
Sale of Real Estate Assets	-	-	-	-	-	109.52
Net Sale / Acq. of Real Estate Assets	-92.98	-96.22	-31.54	-211.17	-184.33	2.76
Investment in Marketable & Equity Securities	-	-	-	-0.63	11.3	0.09
Other Investing Activities	0.71	0.69	0.31	0.16	118.19	-
Investing Cash Flow	-92.27	-95.54	-31.23	-211.63	-54.84	2.85
Long-Term Debt Issued	-	42.2	64.26	244.6	270.86	93.59
Total Debt Issued	90.63	42.2	64.26	244.6	270.86	93.59
Short-Term Debt Repaid	-	-	-	-	-	-141.78
Long-Term Debt Repaid	-	-39.38	-54.28	-76.48	-219.02	-
Total Debt Repaid	-18.97	-39.38	-54.28	-76.48	-219.02	-141.78
Net Debt Issued (Repaid)	71.65	2.82	9.98	168.12	51.84	-48.19
Issuance of Common Stock	9.65	95.44	-	-	-	-
Common Dividends Paid	-17.37	-11.69	-10.6	-10.03	-9.98	-
Other Financing Activities	-33.57	-35.41	-38.11	-15.93	-15.76	10.44
Foreign Exchange Rate Adjustments	2.05	2.17	-0.02	-1.1	-1.7	-
Miscellaneous Cash Flow Adjustments	0	-	-	-	-	0
Net Cash Flow	17.77	40.1	-3.19	-8.71	13.9	-46.47
Cash Interest Paid	33.57	35.41	38.11	15.93	15.76	-
Cash Income Tax Paid	-	-	0.36	-1.33	0.5	-8.31
Levered Free Cash Flow	34.28	38.05	16.31	21.35	17.63	-109.49
Unlevered Free Cash Flow	57.95	63.53	36.94	32.38	27.48	-97.32
Change in Working Capital	1.64	10.67	0.17	14.72	0.12	-41.3

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