ARGO Properties 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 - 2018
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 - 2018
Net Income	67.32	35.18	-43.5	27.28	58.83	Upgrade
Other Amortization	0.92	0.77	0.64	0.72	0.44	Upgrade
Asset Writedown	-58.55	-41.82	56.82	-27.02	-63.74	Upgrade
Stock-Based Compensation	0.26	3.55	2.45	1.99	1.39	Upgrade
Change in Other Net Operating Assets	1.12	-0.22	-0.72	-0.85	0.78	Upgrade
Other Operating Activities	10.49	18.45	-2.79	6.73	9.76	Upgrade
Operating Cash Flow	29.94	18.42	12.9	8.84	7.45	Upgrade
Operating Cash Flow Growth	62.54%	42.81%	45.90%	18.73%	49.15%	Upgrade
Acquisition of Real Estate Assets	-98.52	-63.28	-69.68	-147.09	-120.58	Upgrade
Net Sale / Acq. of Real Estate Assets	-98.52	-63.28	-69.68	-147.09	-120.58	Upgrade
Investment in Marketable & Equity Securities	-	-	-	1.85	1.64	Upgrade
Other Investing Activities	-23.85	-9.61	3.74	-10.23	-2.75	Upgrade
Investing Cash Flow	-122.37	-72.89	-65.94	-155.47	-121.69	Upgrade
Long-Term Debt Issued	120.73	43.64	58.13	175.66	67.38	Upgrade
Total Debt Issued	120.73	43.64	58.13	175.66	67.38	Upgrade
Long-Term Debt Repaid	-9.98	-15.7	-13.32	-29.87	-5.23	Upgrade
Total Debt Repaid	-9.98	-15.7	-13.32	-29.87	-5.23	Upgrade
Net Debt Issued (Repaid)	110.75	27.93	44.81	145.79	62.15	Upgrade
Issuance of Common Stock	11.42	50.44	-	-	50.87	Upgrade
Other Financing Activities	-10.78	-9.21	-7.6	-6.49	-1.76	Upgrade
Foreign Exchange Rate Adjustments	0.06	1.28	0.03	-0.39	1.77	Upgrade
Net Cash Flow	19.02	15.97	-15.79	-7.72	-1.22	Upgrade
Cash Interest Paid	10.53	9.21	7.11	4.76	1.76	Upgrade
Levered Free Cash Flow	-26.07	0.39	8.81	-13.54	15.27	Upgrade
Unlevered Free Cash Flow	-18.51	6.31	13.38	-10.79	16.13	Upgrade
Change in Working Capital	9.51	2.29	-0.72	-0.85	0.78	Upgrade

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