Vodacom Group Cash Flow Statement

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

Millions ZAR. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '25 Sep 30, 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	18,863	16,598	16,292	16,767	17,163	16,581
Depreciation & Amortization	19,142	18,041	19,036	17,968	12,281	12,878
Other Amortization	3,893	3,893	3,750	-	2,376	2,239
Loss (Gain) From Sale of Assets	-81	-100	130	31	-1	2
Asset Writedown & Restructuring Costs	34	34	-	-	-	6
Loss (Gain) From Sale of Investments	2,305	2,096	846	864	704	1,078
Loss (Gain) on Equity Investments	-3,724	-2,724	-2,197	-2,607	-3,056	-3,501
Stock-Based Compensation	486	463	415	481	575	554
Other Operating Activities	12,156	11,067	10,941	5,128	3,925	3,287
Change in Accounts Receivable	-3,053	-3,582	-5,205	-4,777	-1,486	-2,569
Change in Inventory	144	-24	-315	-106	-594	167
Change in Accounts Payable	7,527	7,021	5,326	7,202	2,117	2,661
Operating Cash Flow	57,708	52,799	49,011	40,951	34,028	33,361
Operating Cash Flow Growth	19.79%	7.73%	19.68%	20.34%	2.00%	1.60%
Capital Expenditures	-24,846	-24,690	-22,325	-20,175	-13,843	-13,443
Sale of Property, Plant & Equipment	90	115	178	89	61	69
Cash Acquisitions	-	-	-376	-9,221	-	-
Divestitures	-	-	-	-	-	15
Investment in Securities	-310	-784	-457	-321	-874	-
Other Investing Activities	-94	1,145	2,257	2,924	2,692	4,362
Investing Cash Flow	-25,160	-24,214	-20,723	-26,704	-11,964	-8,997
Long-Term Debt Issued	-	24,445	18,182	19,662	8,570	180
Long-Term Debt Repaid	-	-29,225	-21,700	-11,935	-9,717	-4,052
Net Debt Issued (Repaid)	-2,900	-4,780	-3,518	7,727	-1,147	-3,872
Issuance of Common Stock	89	90	93	133	84	78
Repurchase of Common Stock	-530	-522	-531	-510	-517	-563
Common Dividends Paid	-12,011	-11,114	-12,374	-13,136	-14,170	-13,944
Other Financing Activities	-9,571	-9,533	-9,369	-5,941	-4,814	-5,287
Financing Cash Flow	-24,923	-25,859	-25,699	-11,727	-20,564	-23,588
Foreign Exchange Rate Adjustments	-363	-628	-1,807	1,553	-51	-1,758
Net Cash Flow	7,262	2,098	782	4,073	1,449	-982
Free Cash Flow	32,862	28,109	26,686	20,776	20,185	19,918
Free Cash Flow Growth	29.95%	5.33%	28.45%	2.93%	1.34%	5.14%
Free Cash Flow Margin	20.50%	18.46%	17.72%	17.43%	19.65%	20.26%
Free Cash Flow Per Share	16.62	14.31	13.55	11.41	11.57	11.48
Cash Interest Paid	8,075	7,805	7,667	5,341	4,312	3,945
Cash Income Tax Paid	8,831	8,066	8,112	7,361	7,124	7,736
Levered Free Cash Flow	22,311	15,405	6,462	30,158	15,092	13,388
Unlevered Free Cash Flow	27,379	20,463	11,564	33,638	17,735	16,007
Change in Working Capital	4,618	3,415	-194	2,319	37	259

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