AX Real Estate p.l.c. Cash Flow Statement

Financials in millions EUR. Fiscal year is November - October.

Millions EUR. Fiscal year is Nov - Oct.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	2020 - 2019
Period Ending	Oct '25 Oct 31, 2025	Oct '24 Oct 31, 2024	Oct '23 Oct 31, 2023	Oct '22 Oct 31, 2022	Oct '21 Oct 31, 2021	2020 - 2019
Net Income	21.77	7.6	0.41	3.6	-21.16	Upgrade
Depreciation & Amortization	0	0	0	-	-	Upgrade
Other Amortization	0.07	0.06	0.06	0.06	-	Upgrade
Asset Writedown	-13.48	0.69	1.82	-2.79	23.72	Upgrade
Change in Accounts Receivable	0.03	-3.88	3.81	-3.72	-0.31	Upgrade
Change in Accounts Payable	4.6	3.65	-4.84	2.19	-0.19	Upgrade
Other Operating Activities	5.6	5.21	4.98	6.24	-1.85	Upgrade
Operating Cash Flow	18.62	13.47	6.23	6.06	0.21	Upgrade
Operating Cash Flow Growth	38.29%	116.03%	2.89%	2833.65%	-	Upgrade
Acquisition of Real Estate Assets	-11.83	-14.15	-26.71	-31.65	-0.23	Upgrade
Net Sale / Acq. of Real Estate Assets	-11.83	-14.15	-26.71	-31.65	-0.23	Upgrade
Investing Cash Flow	-11.83	-14.15	-26.71	-31.65	-0.24	Upgrade
Short-Term Debt Issued	4.05	1.56	0.91	-	-	Upgrade
Long-Term Debt Issued	-	6.35	24.15	30.65	0	Upgrade
Total Debt Issued	4.05	7.91	25.05	30.65	0	Upgrade
Short-Term Debt Repaid	-	-	-	-3.74	-	Upgrade
Long-Term Debt Repaid	-5.15	-4.66	-2.07	-	-	Upgrade
Total Debt Repaid	-5.15	-4.66	-2.07	-3.74	-	Upgrade
Net Debt Issued (Repaid)	-1.1	3.25	22.98	26.91	0	Upgrade
Issuance of Common Stock	-	-	-	13.17	0.05	Upgrade
Common Dividends Paid	-7.22	-6	-6.86	-3.43	-	Upgrade
Net Cash Flow	-1.53	-3.43	-4.35	11.06	0.02	Upgrade
Cash Interest Paid	3.35	3.65	3.12	0.52	-	Upgrade
Cash Income Tax Paid	3.49	1.26	1.23	-0.06	-	Upgrade
Levered Free Cash Flow	7.98	6.31	11.7	-3.24	-2.68	Upgrade
Unlevered Free Cash Flow	11.99	10.21	14.8	-1.24	-2.64	Upgrade
Change in Working Capital	4.67	-0.09	-1.02	-1.06	-0.5	Upgrade

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