Ble Kedros REIC 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 2019	2018
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '19 Dec 31, 2019	2018
Net Income	13.4	9.06	7.68	1.94	17.47	Upgrade
Depreciation & Amortization	0	0	0	0	0	Upgrade
Other Amortization	0	0	0	0	-	Upgrade
Gain (Loss) on Sale of Assets	-5.2	-	0.36	-	-	Upgrade
Asset Writedown	-4.65	-2.58	-5.99	-2.51	-13.94	Upgrade
Change in Accounts Receivable	11.77	-21.02	-0.36	-0.14	-0.05	Upgrade
Change in Other Net Operating Assets	-4.93	12.77	-0.22	-0.66	-0.57	Upgrade
Other Operating Activities	2.14	2.62	2.35	6.55	-0.17	Upgrade
Operating Cash Flow	12.54	0.85	3.82	5.2	2.75	Upgrade
Operating Cash Flow Growth	1370.15%	-77.68%	-26.51%	88.94%	-45.80%	Upgrade
Acquisition of Real Estate Assets	-4.16	-3.02	-5.93	-4.48	-3.61	Upgrade
Sale of Real Estate Assets	0.95	-	0	-	0.06	Upgrade
Net Sale / Acq. of Real Estate Assets	-3.21	-3.02	-5.92	-4.48	-3.55	Upgrade
Other Investing Activities	0.01	-	0	-	-	Upgrade
Investing Cash Flow	15.7	-3.02	-5.92	-4.48	-3.55	Upgrade
Long-Term Debt Issued	0.5	13.84	-	5	-	Upgrade
Long-Term Debt Repaid	-5.9	-9.44	-0.97	-5.93	-0.84	Upgrade
Net Debt Issued (Repaid)	-5.4	4.4	-0.97	-0.93	-0.84	Upgrade
Issuance of Common Stock	-	-	-	16.2	2.61	Upgrade
Repurchase of Common Stock	-0.89	-0.99	-8.12	-1.16	-1.03	Upgrade
Common Dividends Paid	-8.93	-1.56	-	-4.19	-	Upgrade
Other Financing Activities	-	-	-	-0.03	-	Upgrade
Miscellaneous Cash Flow Adjustments	0	-	0	-	0	Upgrade
Net Cash Flow	13.02	-0.31	-11.19	10.61	-0.05	Upgrade
Cash Interest Paid	0.26	0.24	0.11	0.16	0.11	Upgrade
Cash Income Tax Paid	0.74	0.34	0.83	0.08	0.5	Upgrade
Levered Free Cash Flow	4.46	3.24	4.95	-	1.26	Upgrade
Unlevered Free Cash Flow	4.65	3.44	4.95	-	1.33	Upgrade
Change in Working Capital	6.85	-8.24	-0.58	-0.79	-0.62	Upgrade

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