Elite UK REIT Cash Flow Statement

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

Millions GBP. 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	13.87	20.5	-22.17	-18.33	-4.74
Other Amortization	2.54	3.08	1	1.14	0.91
Gain (Loss) on Sale of Assets	0.08	-0.32	-0.12	-	-
Asset Writedown	0.19	-2.44	47.83	41.37	28.22
Stock-Based Compensation	-	-	-	-	2.69
Change in Accounts Receivable	5.89	-5.12	8.95	-0.04	-10.93
Change in Accounts Payable	0.04	-0.18	-0.11	-1.71	2.06
Other Operating Activities	13.94	10.85	9.09	5.36	1.88
Operating Cash Flow	36.69	26.38	44.55	27.86	22.69
Operating Cash Flow Growth	39.11%	-40.80%	59.90%	22.80%	4.97%
Acquisition of Real Estate Assets	-9.64	-3.67	-3.67	-7.44	-
Sale of Real Estate Assets	5.67	1.22	3.19	-	-
Net Sale / Acq. of Real Estate Assets	-3.97	-2.45	-0.48	-7.44	-
Cash Acquisition	-	-	-	-	-9.4
Other Investing Activities	-	-	0.02	-	-
Investing Cash Flow	-3.97	-2.45	-0.46	-7.44	-9.4
Long-Term Debt Issued	34.78	198.6	11.2	-	30.8
Total Debt Issued	34.78	198.6	11.2	-	30.8
Long-Term Debt Repaid	-35.62	-236.45	-12.09	-3.41	-22.24
Net Debt Issued (Repaid)	-0.84	-37.85	-0.89	-3.41	8.56
Issuance of Common Stock	3.82	27.48	-	-	-
Common Dividends Paid	-17.25	-14.05	-18.49	-22.79	-17.59
Other Financing Activities	-9.04	-8.5	-14.54	-6.96	-5.06
Net Cash Flow	9.4	-8.98	10.17	-12.73	-0.81
Cash Interest Paid	9.01	11.49	11.18	5.28	3.57
Cash Income Tax Paid	1.23	1.64	2.94	2.42	2.92
Levered Free Cash Flow	31.94	3.99	27.52	9.56	15.53
Unlevered Free Cash Flow	36.62	9.13	34.23	13.15	17.32
Change in Working Capital	6.08	-5.28	8.93	-1.68	-6.26

Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.