Fastighets AB Trianon Cash Flow Statement

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

Millions SEK. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	396.3	224.8	-206.1	171.4	1,305	519.7
Depreciation & Amortization	1.5	1.5	0.8	1.4	0.1	0.5
Change in Accounts Receivable	-34.5	-28.3	9	137	22.5	-27.9
Change in Other Net Operating Assets	36.3	-17.7	-29.4	-32.7	26.4	9.9
Other Operating Activities	-200.4	-49.9	354.7	164.1	-1,092	-323.7
Operating Cash Flow	199.2	130.4	129	441.2	261.7	178.5
Operating Cash Flow Growth	78.17%	1.08%	-70.76%	68.59%	46.61%	19.64%
Acquisition of Real Estate Assets	-207.3	-246.6	-430.6	-563.1	-1,228	-981.9
Sale of Real Estate Assets	95	54.1	119.7	-	221.9	-
Net Sale / Acq. of Real Estate Assets	-112.3	-192.5	-310.9	-563.1	-1,006	-981.9
Investment in Marketable & Equity Securities	-45.7	129.9	-40.5	-88.7	-315.2	-116.7
Other Investing Activities	0.1	-	-	-	-	-
Investing Cash Flow	-157.9	-62.6	-341.3	-615.6	-956.4	-1,040
Short-Term Debt Issued	-	-	21.7	-	-	-
Long-Term Debt Issued	-	752.4	920.2	523.9	1,424	908
Total Debt Issued	698.7	752.4	941.9	523.9	1,424	908
Short-Term Debt Repaid	-	-21.7	-	-	-	-
Long-Term Debt Repaid	-	-952.3	-551.8	-294.7	-792.6	-125.6
Total Debt Repaid	-669.5	-974	-551.8	-294.7	-792.6	-125.6
Net Debt Issued (Repaid)	29.2	-221.6	390.1	229.2	631.5	782.4
Issuance of Common Stock	-	176.6	-	497.1	387	211.6
Repurchase of Common Stock	-	-	-99.3	-402	-	-
Common Dividends Paid	-5.4	-8.1	-58.5	-118.3	-102.6	-29.9
Other Financing Activities	-	-	-0.1	-29	-414	-0.7
Miscellaneous Cash Flow Adjustments	-0.1	-	-0.1	-	0.1	-
Net Cash Flow	65	14.7	19.8	2.6	-192.7	102.4
Cash Interest Paid	300.5	300.5	313.5	169.2	126.5	120.3
Cash Income Tax Paid	2.5	0.7	2	0.5	3	-
Levered Free Cash Flow	26.38	194.51	32.98	155.61	201.45	165.84
Unlevered Free Cash Flow	181.69	365.08	225.85	259.49	279.7	239.65
Change in Working Capital	1.8	-46	-20.4	104.3	48.9	-18

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