Sechaba Brewery Holdings Cash Flow Statement

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

Millions BWP. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
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
Net Income	360.14	303.83	271.71	223.1	200.23
Depreciation & Amortization	-	0.13	0.01	-	-
Loss (Gain) on Equity Investments	-	-338.64	-303.15	-265.89	-222.95
Other Operating Activities	-398.57	-6.09	-16.4	28.16	9.46
Change in Accounts Receivable	-	-0.06	-0.19	-0.24	0.01
Change in Accounts Payable	-	-0.09	0.06	0.43	-0.08
Operating Cash Flow	-38.42	-40.92	-47.95	-14.43	-13.34
Capital Expenditures	-0.06	-0.05	-0.04	-0.01	-
Other Investing Activities	433.38	399.04	471.23	128.68	95.91
Investing Cash Flow	433.32	398.99	471.19	128.67	95.91
Long-Term Debt Repaid	-0.13	-0.11	-	-	-
Net Debt Issued (Repaid)	-0.13	-0.11	-	-	-
Common Dividends Paid	-367.64	-480.36	-156.97	-136.73	-45.51
Financing Cash Flow	-367.77	-480.47	-156.97	-136.73	-45.51
Net Cash Flow	27.12	-122.4	266.28	-22.49	37.06
Free Cash Flow	-38.48	-40.97	-47.99	-14.45	-13.34
Free Cash Flow Per Share	-0.35	-0.37	-0.43	-0.13	-0.12
Cash Interest Paid	0.01	0.02	-	-	-
Cash Income Tax Paid	44.64	41.08	47.54	13.16	9.4
Levered Free Cash Flow	-2.24	-1.4	-1.49	-1.1	-2.31
Unlevered Free Cash Flow	-2.23	-1.39	-1.49	-1.1	-2.31
Change in Working Capital	-	-0.15	-0.12	0.2	-0.08

Source: S&P Global Market Intelligence. Standard template. Financial Sources.