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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	303.2	308.6	224.8	-206.1	171.4	1,305
Depreciation & Amortization	-0.6	-0.6	1.5	0.8	1.4	0.1
Change in Accounts Receivable	10	22.4	-28.3	9	137	22.5
Change in Other Net Operating Assets	26	10	-17.7	-29.4	-32.7	26.4
Other Operating Activities	-120.7	-128.1	-49.9	354.7	164.1	-1,092
Operating Cash Flow	217.9	212.3	130.4	129	441.2	261.7
Operating Cash Flow Growth	61.65%	62.81%	1.08%	-70.76%	68.59%	46.61%
Acquisition of Real Estate Assets	-695	-334	-246.6	-430.6	-563.1	-1,228
Sale of Real Estate Assets	37.8	63	54.1	119.7	-	221.9
Net Sale / Acq. of Real Estate Assets	-657.2	-271	-192.5	-310.9	-563.1	-1,006
Investment in Marketable & Equity Securities	-22.5	-12.6	135.1	-40.5	-88.7	-315.2
Other Investing Activities	19.3	18	-5.2	-	-	-
Investing Cash Flow	-688.5	-235.4	-62.6	-341.3	-615.6	-956.4
Short-Term Debt Issued	-	-	-	21.7	-	-
Long-Term Debt Issued	-	599.5	752.4	920.2	523.9	1,424
Total Debt Issued	601.9	599.5	752.4	941.9	523.9	1,424
Short-Term Debt Repaid	-	-	-21.7	-	-	-
Long-Term Debt Repaid	-	-503.3	-952.3	-551.8	-294.7	-792.6
Total Debt Repaid	-124.4	-503.3	-974	-551.8	-294.7	-792.6
Net Debt Issued (Repaid)	477.5	96.2	-221.6	390.1	229.2	631.5
Issuance of Common Stock	-	-	176.6	-	497.1	387
Repurchase of Common Stock	-54	-54	-	-99.3	-402	-
Common Dividends Paid	-3.9	-5.2	-8.1	-58.5	-118.3	-102.6
Other Financing Activities	0.1	-	-	-0.1	-29	-414
Miscellaneous Cash Flow Adjustments	-0.1	-	-	-0.1	-	0.1
Net Cash Flow	-51	13.9	14.7	19.8	2.6	-192.7
Cash Interest Paid	267.7	267.7	300.5	313.5	169.2	126.5
Cash Income Tax Paid	21.5	21.5	0.7	2	0.5	3
Levered Free Cash Flow	14.91	102	162.18	32.98	155.61	201.45
Unlevered Free Cash Flow	175.91	262.81	349.68	225.85	259.49	279.7
Change in Working Capital	36	32.4	-46	-20.4	104.3	48.9

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