Vulcan Steel Cash Flow Statement

Financials in millions NZD. Fiscal year is July - June.

Millions NZD. Fiscal year is Jul - Jun.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Jun '25 Jun 30, 2025	Jun '24 Jun 30, 2024	Jun '23 Jun 30, 2023	Jun '22 Jun 30, 2022	Jun '21 Jun 30, 2021
Net Income	14.84	15.73	39.99	87.9	123.98	64.83
Depreciation & Amortization	53.09	50.39	48.46	45.14	27.37	29.44
Other Amortization	0.11	0.11	0.11	0.13	-	0.42
Loss (Gain) From Sale of Assets	-0.71	-0.93	-1.77	-0.19	-0.16	-3.06
Provision & Write-off of Bad Debts	-	-	-	-	-	0.08
Other Operating Activities	4.61	1.63	1.03	-1.45	-	-0.62
Change in Accounts Receivable	10.79	12.64	24.34	28.9	-24.87	-32.38
Change in Inventory	13.71	22.95	73.28	38.58	-156.9	-2.35
Change in Accounts Payable	-35.16	1.42	-15.85	-21.05	25.71	41.65
Change in Income Taxes	1.62	1.01	-0.87	-32.55	16.85	10.05
Operating Cash Flow	62.91	104.95	168.71	145.4	12.15	105.45
Operating Cash Flow Growth	-56.34%	-37.79%	16.03%	1097.13%	-88.48%	47.96%
Capital Expenditures	-21.57	-21.32	-26.69	-22.95	-12.21	-5.66
Sale of Property, Plant & Equipment	3.94	4.1	2.7	0.26	0.62	10.21
Cash Acquisitions	-65.32	-	-	-170.54	-	-5.37
Investing Cash Flow	-82.94	-17.22	-23.98	-193.24	-11.59	-0.82
Long-Term Debt Issued	-	-	-	149.7	129.43	-
Long-Term Debt Repaid	-	-74.83	-83.75	-21.37	-12.87	-56.58
Net Debt Issued (Repaid)	-49.64	-74.83	-83.75	128.33	116.57	-56.58
Issuance of Common Stock	93.82	-	-	-	-	0.88
Common Dividends Paid	-8.92	-19.36	-57.42	-85.17	-104.14	-53
Financing Cash Flow	35.26	-94.19	-141.18	43.16	12.43	-108.7
Foreign Exchange Rate Adjustments	0.15	-0.29	0.24	-0.41	0.89	0.04
Miscellaneous Cash Flow Adjustments	4.23	-	-	1.37	-	-
Net Cash Flow	19.62	-6.74	3.79	-3.72	13.87	-4.03
Free Cash Flow	41.34	83.63	142.02	122.45	-0.06	99.79
Free Cash Flow Growth	-64.88%	-41.11%	15.98%	-	-	50.50%
Free Cash Flow Margin	4.17%	8.82%	13.34%	9.84%	-0.01%	13.64%
Free Cash Flow Per Share	0.30	0.64	1.08	0.93	-	0.76
Cash Interest Paid	35.22	41.83	34.49	37.6	15.75	13.7
Cash Income Tax Paid	5.58	7.49	20.32	69.39	40.33	18.4
Levered Free Cash Flow	44.6	90.09	141.84	-16.04	-20.79	83.12
Unlevered Free Cash Flow	64.63	110.52	165.23	6.26	-11.88	90.97
Change in Working Capital	-9.04	38.03	80.89	13.88	-139.05	14.36

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.