Baltic Sea Properties AS (OSL:BALT)

Baltic Sea Properties AS Cash Flow Statement

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

Operating Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	68.39	45.82	55.33	28.97	46.98	81.9
Depreciation & Amortization	0.51	0.63	0.43	0.85	0.44	0.89
Other Amortization	0.3	0.3	0.27	0.19	0.08	0.05
Gain (Loss) on Sale of Assets	-	-	-	-	-	-6.6
Asset Writedown	-51.49	-25.4	-41.32	-3.96	-17.55	-56.95
Change in Accounts Receivable	-3.44	1.98	11.68	-3.46	13.86	1.23
Change in Other Net Operating Assets	0.77	1.96	-1.02	3.63	0.86	-1.11
Other Operating Activities	54.15	54.57	56.94	40.57	17.2	24.93
Operating Cash Flow	69.18	79.85	82.31	66.79	61.86	44.34
Operating Cash Flow Growth	-10.90%	-2.99%	23.24%	7.95%	39.52%	-

Investing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Acquisition of Real Estate Assets	-80	-79.16	-96.22	-31.54	-211.17	-184.33
Net Sale / Acq. of Real Estate Assets	-80	-79.16	-96.22	-31.54	-211.17	-184.33
Investment in Marketable & Equity Securities	-	-	-	-	-0.63	11.3
Other Investing Activities	0.29	0.42	0.69	0.31	0.16	118.19
Investing Cash Flow	-79.72	-78.74	-95.54	-31.23	-211.63	-54.84

Financing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Long-Term Debt Issued	-	81.87	42.2	64.26	244.6	270.86
Total Debt Issued	57.51	81.87	42.2	64.26	244.6	270.86
Long-Term Debt Repaid	-	-22.67	-39.38	-54.28	-76.48	-219.02
Lease Payments	-1.01	-0.9	-1.06	-0.29	-0.21	-0.19
Total Debt Repaid	-33.32	-22.67	-39.38	-54.28	-76.48	-219.02
Net Debt Issued (Repaid)	24.19	59.2	2.82	9.98	168.12	51.84
Issuance of Common Stock	-	0.13	95.44	-	-	-
Common Dividends Paid	-17.39	-17.38	-11.69	-10.6	-10.03	-9.98
Other Financing Activities	-33.98	-36.44	-35.41	-38.11	-15.93	-15.76

Net Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Foreign Exchange Rate Adjustments	-3.44	-0.15	2.17	-0.02	-1.1	-1.7
Miscellaneous Cash Flow Adjustments	-0	-	-	-0	-	-
Net Cash Flow	-41.16	6.46	40.1	-3.2	-8.71	13.9

Free Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Levered Free Cash Flow	22.75	26.78	37.69	16.69	21.35	17.63
Unlevered Free Cash Flow	43.37	48.78	63.17	37.32	32.38	27.48

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash Interest Paid	31.37	36.44	35.41	38.11	15.93	15.76
Cash Income Tax Paid	-	-1.48	-0.84	0.36	-1.33	0.5
Change in Working Capital	-2.68	3.94	10.67	0.17	14.72	0.12

Data Source: S&P Global Market Intelligence Last updated: Jun 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Sep 14, 2026

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