Next Re SIIQ 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	2020 - 2016
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	2020 - 2016
Net Income	0.9	1.61	-9.44	0.35	0.43	Upgrade
Depreciation & Amortization	0.1	0.11	0.11	0.2	0.38	Upgrade
Gain (Loss) on Sale of Assets	-	-	-	-0.68	-	Upgrade
Gain (Loss) on Sale of Investments	-	-	-	0.05	0.81	Upgrade
Asset Writedown	0.22	10.65	6.97	-2.89	-4.76	Upgrade
Change in Accounts Receivable	-0.15	0.02	-0.08	0.34	-0.08	Upgrade
Change in Accounts Payable	-0.05	-0.4	-0.51	0.31	0.11	Upgrade
Change in Other Net Operating Assets	-0.71	1.18	-0.85	0.44	-1.52	Upgrade
Other Operating Activities	-0.36	-10.18	1.59	1.76	1.28	Upgrade
Operating Cash Flow	-0.25	2.99	-2.16	0.19	-3.52	Upgrade
Acquisition of Real Estate Assets	-0.05	-	-0.92	-	-13.62	Upgrade
Sale of Real Estate Assets	-	45.28	-	5.98	-	Upgrade
Net Sale / Acq. of Real Estate Assets	-0.05	45.28	-0.92	5.98	-13.62	Upgrade
Investment in Marketable & Equity Securities	-	0.02	0.54	3.25	-1	Upgrade
Investing Cash Flow	-0.05	45.3	-0.37	9.23	-14.62	Upgrade
Long-Term Debt Issued	-	-	-	-	57.97	Upgrade
Long-Term Debt Repaid	-0.49	-45.82	-6.79	-1.2	-57.84	Upgrade
Net Debt Issued (Repaid)	-0.49	-45.82	-6.79	-1.2	0.13	Upgrade
Common Dividends Paid	-1.06	-	-	-	-	Upgrade
Other Financing Activities	-	-	-	-	-0.07	Upgrade
Net Cash Flow	-1.83	2.47	-9.32	8.21	-18.08	Upgrade
Cash Interest Paid	0.02	0.05	0.09	0.24	0.27	Upgrade
Levered Free Cash Flow	-0.65	1.3	-2.35	0.72	-2.66	Upgrade
Unlevered Free Cash Flow	-0.55	2.17	-1.41	1.75	-1.75	Upgrade
Change in Working Capital	-1.11	0.8	-1.39	1.39	-1.48	Upgrade

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