Tea Smallholder Factories 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	83.92	21.6	6.23	278.5	15.31	66.54
Depreciation & Amortization	65.6	69.77	75.78	61.83	64.62	68.04
Other Amortization	0.3	0.3	0.4	0.4	0.4	0.4
Loss (Gain) From Sale of Assets	-1.59	-11.19	-5.02	-10.61	-12.14	-5.66
Asset Writedown & Restructuring Costs	-0	-7.94	-42.21	-20.46	-15.72	2.37
Other Operating Activities	37.87	12.27	-43.16	103.84	0.53	13.2
Change in Accounts Receivable	-129.67	6.54	27.13	-27.75	-24.18	-26.21
Change in Inventory	-169.15	-71.2	152.81	-250.39	12.32	-71.44
Change in Accounts Payable	50.48	42.19	-117.35	81.04	10.56	79.11
Change in Other Net Operating Assets	105.77	-5.23	-33	24.79	1.06	7.91
Operating Cash Flow	43.54	57.11	21.6	241.18	52.77	134.26
Operating Cash Flow Growth	-80.17%	164.44%	-91.05%	357.04%	-60.69%	15.91%
Capital Expenditures	-1.78	-48.6	-95.48	-212.83	-40.47	-44.69
Sale of Property, Plant & Equipment	1.59	11.84	6.11	11	14.44	7.5
Sale (Purchase) of Real Estate	-19.79	-19.79	-	-	-	-
Investing Cash Flow	-19.98	-56.55	-89.37	-201.83	-26.03	-37.18
Common Dividends Paid	-6.3	-6.3	-	-200.1	-	-45
Financing Cash Flow	-6.3	-6.3	-	-200.1	-	-45
Net Cash Flow	17.26	-5.74	-67.77	-160.75	26.74	52.07
Free Cash Flow	41.76	8.51	-73.88	28.35	12.3	89.57
Free Cash Flow Growth	-66.64%	-	-	130.41%	-86.26%	14.69%
Free Cash Flow Margin	1.36%	0.30%	-2.42%	0.76%	0.61%	3.82%
Free Cash Flow Per Share	1.38	0.28	-2.46	0.94	0.41	2.99
Cash Interest Paid	4.51	7.48	22.07	1.41	0.03	0.08
Cash Income Tax Paid	-	-	22.71	59.51	-	-
Levered Free Cash Flow	-24.02	-8.04	-82.98	-39.28	55.33	72.61
Unlevered Free Cash Flow	-20.36	-3.36	-69.19	-38.4	55.35	72.66
Change in Working Capital	-142.57	-27.7	29.58	-172.31	-0.23	-10.63

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