Aedifica NV/SA Cash Flow Statement

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2015 - 2019
Period Ending	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	2015 - 2019
Net Income	204.83	24.54	331.78	281.82	115.38	Upgrade
Depreciation & Amortization	2.9	3.65	3.49	2.34	1.36	Upgrade
Gain (Loss) on Sale of Assets	-0.37	0.86	-0.79	-0.53	0.37	Upgrade
Gain (Loss) on Sale of Investments	-	-	-	-	-2.04	Upgrade
Asset Writedown	15.04	169.71	-66.77	-156.67	-14.46	Upgrade
Change in Accounts Receivable	-	-	-	-	-2.91	Upgrade
Change in Accounts Payable	-	-	-	-	-0.42	Upgrade
Change in Other Net Operating Assets	-24.91	-29.22	5.6	15.31	-12.49	Upgrade
Other Operating Activities	51.01	60	-54.7	56	36.35	Upgrade
Operating Cash Flow	248.5	229.53	218.6	198.27	120.73	Upgrade
Operating Cash Flow Growth	8.26%	5.00%	10.25%	64.22%	7.84%	Upgrade
Acquisition of Real Estate Assets	-257.52	-305.14	-558.96	-873.7	-241.5	Upgrade
Sale of Real Estate Assets	80.77	73.12	35.72	53.67	15.57	Upgrade
Net Sale / Acq. of Real Estate Assets	-176.75	-232.02	-523.25	-820.03	-225.93	Upgrade
Cash Acquisition	-107.2	-11.32	-151.86	-	-579.53	Upgrade
Other Investing Activities	24.4	-15.46	-8.3	-0.18	-0.4	Upgrade
Investing Cash Flow	-259.55	-258.8	-683.4	-820.93	-806.72	Upgrade
Long-Term Debt Issued	232.49	-	370.79	418.64	-	Upgrade
Total Debt Issued	232.49	-	370.79	418.64	368.63	Upgrade
Long-Term Debt Repaid	-0.34	-172.86	-0.18	-	-	Upgrade
Net Debt Issued (Repaid)	232.15	-172.86	370.61	418.64	368.63	Upgrade
Issuance of Common Stock	-	374.21	251.42	281.16	436.08	Upgrade
Common Dividends Paid	-166.85	-115.99	-119.08	-47.75	-86.77	Upgrade
Other Financing Activities	-54.05	-51.73	-39.59	-37.61	-26.52	Upgrade
Net Cash Flow	0.2	4.36	-1.44	-8.21	5.43	Upgrade
Cash Income Tax Paid	-	-	-	-	8.49	Upgrade
Levered Free Cash Flow	79.98	129.6	92.92	106.29	-	Upgrade
Unlevered Free Cash Flow	132.1	174.99	108.6	117.91	-	Upgrade
Change in Working Capital	-24.91	-29.22	5.6	15.31	-16.45	Upgrade

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