CTP N.V. Cash Flow Statement

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

Millions EUR. 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	1,082	1,081	922.6	766.6	1,026
Depreciation & Amortization	14.2	15.3	14.4	12.4	10.12
Asset Writedown	-1,026	-941.5	-878.7	-697.3	-1,101
Change in Accounts Receivable	-55.7	1.2	-40	-44.2	-50.6
Change in Accounts Payable	90.7	-34.2	50.4	78.4	3.35
Other Operating Activities	278	217.8	249.7	174.3	250.83
Operating Cash Flow	382.7	340	318.4	290.2	139.06
Operating Cash Flow Growth	12.56%	6.78%	9.72%	108.69%	-25.01%
Acquisition of Real Estate Assets	-1,195	-1,154	-1,130	-1,149	-884.45
Sale of Real Estate Assets	-	-	-	11.1	4.31
Net Sale / Acq. of Real Estate Assets	-1,195	-1,154	-1,130	-1,138	-880.14
Cash Acquisition	-168.8	-147.4	-58.5	-102.5	-297.22
Other Investing Activities	-	0.6	43.8	0.6	-11.49
Investing Cash Flow	-1,526	-1,327	-1,177	-1,355	-1,435
Long-Term Debt Issued	2,361	2,405	1,493	1,363	3,157
Long-Term Debt Repaid	-1,253	-1,355	-431.5	-394.2	-2,157
Net Debt Issued (Repaid)	1,108	1,050	1,061	968.3	1,000
Issuance of Common Stock	-	294.6	-	-	854.24
Common Dividends Paid	-83.7	-151.4	-164	-124	-5.51
Other Financing Activities	-32.4	-39.6	-11.2	-7.1	-80.25
Foreign Exchange Rate Adjustments	4.4	-1.9	2.2	-4.9	1.21
Net Cash Flow	-147	164.8	30	-232.2	473.68
Cash Interest Paid	242.2	207	116.5	64.7	45.17
Cash Income Tax Paid	74	44.9	45	30.8	33.07
Levered Free Cash Flow	87.13	200.14	225.49	168.31	116.59
Unlevered Free Cash Flow	270.69	351.2	306.11	221.38	160.89
Change in Working Capital	35	-33	10.4	34.2	-47.25

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