TSX:ERE.UN 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	-70.51	-64.29	-114.23	116.42	96.14
Stock-Based Compensation	0.54	0	-1.22	-1.59	0.76
Other Adjustments	81.07	117.94	172.67	-59.04	-49.33
Changes in Other Operating Activities	4.15	1.23	-2.01	3.05	6.55
Operating Cash Flow	15.24	54.88	55.21	58.84	54.12
Operating Cash Flow Growth	-72.23%	-0.60%	-6.16%	8.71%	31.18%
Capital Expenditures	-3.71	-10.79	-19.9	-113.01	-191.06
Sale of Property, Plant & Equipment	472.43	892.03	5.11	0.88	0.31
Other Investing Activities	-	-	-	-0.88	-0.47
Investing Cash Flow	468.72	881.24	-14.79	-113.01	-191.22
Long-Term Debt Issued	29.7	16.4	108.17	226.36	276.99
Long-Term Debt Repaid	-274.34	-665.56	-78.95	-130.97	-104.3
Net Long-Term Debt Issued (Repaid)	-244.64	-649.16	29.22	95.39	172.69
Issuance of Common Stock	-	-	-	0.08	-
Repurchase of Common Stock	-0.02	-	-	-	-
Net Common Stock Issued (Repurchased)	-0.02	-	-	0.08	-
Common Dividends Paid	-88.37	-101.93	-8.66	-8.05	-8.05
Other Financing Activities	-141.99	-184.15	-64.98	-32.69	-27.92
Financing Cash Flow	-475.02	-935.24	-44.43	54.72	136.72
Effect of Exchange Rate Changes on Cash and Cash Equivalents	-0	-0.01	0.01	-0.01	0
Net Cash Flow	8.94	0.88	-4	0.55	-0.38
Free Cash Flow	11.54	44.09	35.31	-54.18	-136.93
Free Cash Flow Growth	-73.83%	24.85%	-	-	-
FCF Margin	30.02%	47.42%	36.90%	-60.70%	-178.13%
Free Cash Flow Per Share	0.05	0.19	0.15	-0.23	-0.59
Levered Free Cash Flow	-328.13	-748.85	-53.33	88.08	195.8
Unlevered Free Cash Flow	17.72	130.14	0.97	-64.33	-115.38

Updated Dec 31, 2025. Data Source: Fiscal.ai. Real Estate template. Financial Sources.