Baltic Sea Properties AS Cash Flow Statement

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

Millions NOK. 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	45.82	55.33	28.97	46.98	81.9
Depreciation & Amortization	0.63	0.43	0.85	0.44	0.89
Other Amortization	0.3	0.27	0.19	0.08	0.05
Gain (Loss) on Sale of Assets	-	-	-	-	-6.6
Asset Writedown	-25.4	-41.32	-3.96	-17.55	-56.95
Change in Accounts Receivable	1.98	11.68	-3.46	13.86	1.23
Change in Other Net Operating Assets	1.96	-1.02	3.63	0.86	-1.11
Other Operating Activities	54.57	56.94	40.57	17.2	24.93
Operating Cash Flow	79.85	82.31	66.79	61.86	44.34
Operating Cash Flow Growth	-2.99%	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	81.87	42.2	64.26	244.6	270.86
Total Debt Issued	81.87	42.2	64.26	244.6	270.86
Long-Term Debt Repaid	-22.67	-39.38	-54.28	-76.48	-219.02
Total Debt Repaid	-22.67	-39.38	-54.28	-76.48	-219.02
Net Debt Issued (Repaid)	59.2	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	-3.2	-8.71	13.9
Cash Interest Paid	36.44	35.41	38.11	15.93	15.76
Cash Income Tax Paid	-1.48	-0.84	0.36	-1.33	0.5
Levered Free Cash Flow	26.78	37.69	16.69	21.35	17.63
Unlevered Free Cash Flow	48.78	63.17	37.32	32.38	27.48
Change in Working Capital	3.94	10.67	0.17	14.72	0.12