Swiss Properties Invest Cash Flow Statement

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

Millions DKK. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Net Income	25.42	57.72	13.3	-5.64
Asset Writedown	-11.36	-60.45	-6.08	-0.13
Change in Accounts Receivable	0.43	2.53	-2.94	-2
Change in Accounts Payable	-0.81	0.35	-0.9	1.95
Change in Other Net Operating Assets	-0.32	-1.57	2.61	3.09
Other Operating Activities	-3.39	17.47	-8.5	0.04
Operating Cash Flow	9.97	16.06	-2.5	-2.68
Operating Cash Flow Growth	-37.93%	-	-	-
Acquisition of Real Estate Assets	-3.09	-75.46	-215.12	-377.26
Net Sale / Acq. of Real Estate Assets	-3.09	-75.46	-215.12	-377.26
Investing Cash Flow	-3.09	-75.46	-215.12	-377.26
Long-Term Debt Issued	7.11	38.12	157.25	244.81
Long-Term Debt Repaid	-5.96	-4.27	-4.92	-
Net Debt Issued (Repaid)	1.15	33.85	152.33	244.81
Issuance of Common Stock	-	-	7.56	200.3
Other Financing Activities	-	-0.03	-	-
Net Cash Flow	8.03	-25.58	-57.73	65.16
Cash Interest Paid	6.58	9.25	9.8	5.13
Cash Income Tax Paid	0.35	0.42	-0.06	0.03
Levered Free Cash Flow	7.58	-69	-210.21	-
Unlevered Free Cash Flow	11.69	-63.22	-204.08	-
Change in Working Capital	-0.7	1.32	-1.23	3.04

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