BWP Trust Cash Flow Statement

Financials in millions AUD. Fiscal year is July - June.

Millions AUD. Fiscal year is Jul - Jun.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	2020 - 2016
Period Ending	Dec '25 Dec 31, 2025	Jun '25 Jun 30, 2025	Jun '24 Jun 30, 2024	Jun '23 Jun 30, 2023	Jun '22 Jun 30, 2022	Jun '21 Jun 30, 2021	2020 - 2016
Net Income	334.66	265.58	180.22	36.69	486.64	263.17	Upgrade
Asset Writedown	-135.02	-135.02	-62.55	76.41	-373.62	-150.89	Upgrade
Change in Accounts Receivable	-3.72	-3.72	-4.04	2.39	-0.51	-1.28	Upgrade
Change in Other Net Operating Assets	-10.29	-10.29	14.75	4.25	-1.47	1.35	Upgrade
Other Operating Activities	-59.47	3.24	0.38	-	-	-	Upgrade
Operating Cash Flow	126.15	119.78	128.76	119.75	111.04	112.35	Upgrade
Operating Cash Flow Growth	0.50%	-6.98%	7.52%	7.85%	-1.17%	2.44%	Upgrade
Acquisition of Real Estate Assets	-77.85	-25.4	-92.01	-12.82	-9.99	-13.23	Upgrade
Sale of Real Estate Assets	19.19	-	66.73	2.66	14.34	15.77	Upgrade
Net Sale / Acq. of Real Estate Assets	-58.66	-25.4	-25.27	-10.15	4.35	2.54	Upgrade
Cash Acquisition	-95.48	-	2.14	-	-	-	Upgrade
Investing Cash Flow	-154.15	-25.4	-23.14	-10.15	4.35	2.54	Upgrade
Long-Term Debt Issued	-	36.56	303.46	12.87	110	99.94	Upgrade
Long-Term Debt Repaid	-	-	-274.98	-	-129.11	-128.45	Upgrade
Net Debt Issued (Repaid)	189.65	36.56	28.48	12.87	-19.11	-28.52	Upgrade
Common Dividends Paid	-133.07	-131.79	-117.49	-117.49	-117.49	-117.49	Upgrade
Other Financing Activities	-0.54	-	-6.15	-	-	-	Upgrade
Net Cash Flow	26.51	-0.84	10.47	4.98	-21.21	-31.12	Upgrade
Cash Interest Paid	38.71	33.97	25.83	15.88	13.59	15.57	Upgrade
Levered Free Cash Flow	-6.96	60.9	78.14	79.28	80.04	60.36	Upgrade
Unlevered Free Cash Flow	17.16	82.79	94.04	89.73	88.65	69.71	Upgrade
Change in Working Capital	-14.01	-14.01	10.71	6.65	-1.98	0.08	Upgrade

Source: S&P Capital IQ. Real Estate template. Financial Sources.