Globe Trade Centre 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	-155	50.9	10.5	23.4	41.65
Depreciation & Amortization	1.5	1.4	1	0.5	0.65
Other Amortization	-	-	-	-	4.4
Gain (Loss) on Sale of Assets	-	-	-	-	0.94
Gain (Loss) on Sale of Investments	-	-8.4	-2.7	-	-
Asset Writedown	145.9	10.6	59	29.4	11.93
Stock-Based Compensation	-	-	-0.8	-0.7	0.43
Change in Accounts Receivable	4.8	-1.3	-4	-2	-4.95
Change in Accounts Payable	-1.7	6.9	2.7	-0.7	3.55
Change in Other Net Operating Assets	1.9	1.6	2	1.2	2.88
Other Operating Activities	78.3	36.3	27.5	37	44.37
Operating Cash Flow	75.7	98	95.2	88.1	106.43
Operating Cash Flow Growth	-22.75%	2.94%	8.06%	-17.22%	6.08%
Acquisition of Real Estate Assets	-74.6	-255.7	-127.8	-143.5	-369.02
Sale of Real Estate Assets	97.9	-	49.2	11.2	1.21
Net Sale / Acq. of Real Estate Assets	23.3	-255.7	-78.6	-132.3	-367.81
Investment in Marketable & Equity Securities	-47.1	7	-33.1	-130.3	1.15
Other Investing Activities	-230.8	-0.3	3.3	-1.3	-0.59
Investing Cash Flow	-221.9	-234.5	-108	-77.7	-366.65
Long-Term Debt Issued	516.3	265.2	74.1	6.2	706.07
Long-Term Debt Repaid	-219.5	-56.7	-49.1	-52.7	-585.84
Net Debt Issued (Repaid)	296.8	208.5	25	-46.5	120.23
Issuance of Common Stock	-	-	-	120.4	-
Common Dividends Paid	-	-29.6	-28.6	-33.2	-
Other Financing Activities	-97.7	-48.9	-39.2	-29.9	-35.33
Foreign Exchange Rate Adjustments	-0.9	1.3	0.9	-2.7	-0.04
Net Cash Flow	52	-5.2	-54.7	18.5	-175.36
Cash Interest Paid	-	35.2	30.5	28.8	32.79
Cash Income Tax Paid	-	7.9	7.3	11.1	8.89
Levered Free Cash Flow	-193.25	31	17.04	255.07	-203.94
Unlevered Free Cash Flow	-134.31	57	37.1	274.32	-184.48
Change in Working Capital	5	7.2	0.7	-1.5	2.06

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