ARGO Properties Cash Flow Statement

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

Millions EUR. 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	66.61	35.18	-43.5	27.28	58.83	22.66
Other Amortization	0.77	0.77	0.64	0.72	0.44	0.21
Asset Writedown	-64.25	-41.82	56.82	-27.02	-63.74	-25.37
Stock-Based Compensation	1.15	3.55	2.45	1.99	1.39	0.26
Change in Other Net Operating Assets	1.24	-0.22	-0.72	-0.85	0.78	0.48
Other Operating Activities	13.84	18.45	-2.79	6.73	9.76	6.75
Operating Cash Flow	25.96	18.42	12.9	8.84	7.45	4.99
Operating Cash Flow Growth	68.52%	42.81%	45.90%	18.73%	49.15%	201.87%
Acquisition of Real Estate Assets	-106.58	-63.28	-69.68	-147.09	-120.58	-82.72
Net Sale / Acq. of Real Estate Assets	-106.58	-63.28	-69.68	-147.09	-120.58	-82.72
Investment in Marketable & Equity Securities	-	-	-	1.85	1.64	-
Other Investing Activities	-11.22	-9.61	3.74	-10.23	-2.75	-4.11
Investing Cash Flow	-117.8	-72.89	-65.94	-155.47	-121.69	-86.83
Long-Term Debt Issued	-	43.64	58.13	175.66	67.38	55.91
Total Debt Issued	56.55	43.64	58.13	175.66	67.38	55.91
Long-Term Debt Repaid	-	-15.7	-13.32	-29.87	-5.23	-2.17
Total Debt Repaid	-9.18	-15.7	-13.32	-29.87	-5.23	-2.17
Net Debt Issued (Repaid)	47.37	27.93	44.81	145.79	62.15	53.74
Issuance of Common Stock	11.42	50.44	-	-	50.87	42.49
Other Financing Activities	-9.1	-9.21	-7.6	-6.49	-1.76	-1.21
Foreign Exchange Rate Adjustments	1.04	1.28	0.06	-0.39	1.77	-
Miscellaneous Cash Flow Adjustments	-	-	-0.03	-	-	-
Net Cash Flow	-41.11	15.97	-15.79	-7.72	-1.22	13.19
Cash Interest Paid	9.09	9.21	7.11	4.76	1.76	1.21
Levered Free Cash Flow	-16.42	-1.81	8.81	-13.54	15.27	-5.23
Unlevered Free Cash Flow	-9.89	4.11	13.38	-10.79	16.13	-4.66
Change in Working Capital	7.85	2.29	-0.72	-0.85	0.78	0.48

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.