Horana Plantations Cash Flow Statement

Financials in millions LKR. Fiscal year is April - March.

Millions LKR. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Net Income	120.22	180.63	104.51	170.06	42.45	-77.87
Depreciation & Amortization	231.03	223.03	208.5	189.2	201.57	190.71
Other Amortization	0.88	0.88	0.09	-	-	-
Loss (Gain) From Sale of Assets	-	-	-	-0.11	-	-0.06
Asset Writedown & Restructuring Costs	-10.64	-34.85	-10.52	31.75	56.31	43.07
Provision & Write-off of Bad Debts	0.04	0.32	0.6	4.96	-0.4	-0.46
Other Operating Activities	161.96	186.84	111.29	440.22	1.82	30.98
Change in Accounts Receivable	-139.79	-47.05	19.05	-64.89	-14.96	-53.62
Change in Inventory	67.18	-78.39	-37.81	-124.64	-86	-67.75
Change in Accounts Payable	-64	68.45	-27.57	61.18	15.23	32.39
Change in Other Net Operating Assets	43.93	70.65	-5.22	-26.18	29.78	15.96
Operating Cash Flow	410.8	570.5	362.91	681.56	245.81	113.36
Operating Cash Flow Growth	-23.84%	57.20%	-46.75%	177.28%	116.83%	-
Capital Expenditures	-437.42	-434.95	-434.66	-436.21	-303.58	-177.72
Sale of Property, Plant & Equipment	-	-	-	0.19	-	0.06
Other Investing Activities	10.78	3.23	4.43	5.92	2.6	3.95
Investing Cash Flow	-426.64	-431.73	-430.24	-430.11	-300.99	-173.71
Short-Term Debt Issued	-	150	150	-	-	-
Long-Term Debt Issued	-	90	800	473.3	263.48	712.69
Total Debt Issued	1,000	240	950	473.3	263.48	712.69
Long-Term Debt Repaid	-	-594.42	-643.23	-700.49	-422.57	-337.34
Net Debt Issued (Repaid)	96.93	-354.42	306.77	-227.19	-159.1	375.35
Common Dividends Paid	-33.31	-52.06	-56.25	-	-	-
Other Financing Activities	-	-	-	-0	-	-
Financing Cash Flow	63.63	-406.49	250.52	-227.19	-159.1	375.35
Miscellaneous Cash Flow Adjustments	0	0	-	-	-	-
Net Cash Flow	47.79	-267.71	183.2	24.27	-214.28	315.01
Free Cash Flow	-26.62	135.55	-71.75	245.35	-57.78	-64.36
Free Cash Flow Margin	-0.67%	3.67%	-2.12%	6.47%	-2.25%	-3.03%
Free Cash Flow Per Share	-1.07	5.42	-2.87	9.81	-2.31	-2.57
Cash Interest Paid	114.28	116.9	207.38	302.74	114.06	118.54
Cash Income Tax Paid	0.33	0.35	0.15	0.01	-	-0.04
Levered Free Cash Flow	-198.8	-10.22	-177.79	76.36	-109.26	-117.4
Unlevered Free Cash Flow	-102.21	87.39	-29.25	282.75	-26.18	-31.98
Change in Working Capital	-92.69	13.65	-51.55	-154.52	-55.94	-73.01

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