FRA:ISC1 Cash Flow Statement

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

Millions ZAR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	-5,557	-5,839	-3,920	2,634	6,625	-1,973
Depreciation & Amortization	909	807	861	760	589	546
Other Amortization	9	11	17	11	12	10
Loss (Gain) From Sale of Assets	68	92	8	30	7	8
Asset Writedown & Restructuring Costs	482	645	2,003	-57	228	96
Loss (Gain) From Sale of Investments	2	-	19	-	-3	-57
Loss (Gain) on Equity Investments	-8	-5	-17	-30	-40	-
Stock-Based Compensation	19	10	39	41	30	34
Provision & Write-off of Bad Debts	-33	-38	-	-2	36	27
Other Operating Activities	2,769	1,854	625	501	1,230	110
Change in Accounts Receivable	778	1,374	-98	-870	-1,126	1,196
Change in Inventory	1,132	2,094	-852	61	-5,110	1,555
Change in Accounts Payable	1,512	-466	2,659	-1,933	381	-614
Change in Other Net Operating Assets	-155	-155	-366	-730	-96	-316
Operating Cash Flow	1,927	384	978	416	2,763	622
Operating Cash Flow Growth	450.57%	-60.74%	135.10%	-84.94%	344.21%	382.17%
Capital Expenditures	-936	-932	-1,480	-1,897	-854	-493
Sale of Property, Plant & Equipment	5	11	99	1	152	4
Sale (Purchase) of Intangibles	-6	-6	-9	-15	-6	-16
Investment in Securities	-	12	-	-	17	-
Other Investing Activities	-	-	1	2	3	-
Investing Cash Flow	-937	-915	-1,389	-1,909	-688	-505
Long-Term Debt Issued	-	9,100	3,350	1,800	-	1,300
Total Debt Issued	6,900	9,100	3,350	1,800	-	1,300
Long-Term Debt Repaid	-	-8,478	-2,870	-1,543	-686	-35
Net Debt Issued (Repaid)	474	622	480	257	-686	1,265
Other Financing Activities	-	-	-	-74	-78	-8
Financing Cash Flow	474	622	480	183	-764	1,257
Foreign Exchange Rate Adjustments	-5	18	24	50	1	-22
Net Cash Flow	1,459	109	93	-1,260	1,312	1,352
Free Cash Flow	991	-548	-502	-1,481	1,909	129
Free Cash Flow Growth	-	-	-	-	1379.85%	-
Free Cash Flow Margin	2.81%	-1.42%	-1.21%	-3.63%	4.81%	0.52%
Free Cash Flow Per Share	0.89	-0.49	-0.45	-1.33	1.71	0.12
Cash Interest Paid	743	720	751	823	327	380
Cash Income Tax Paid	-	5	45	-	-	-24
Levered Free Cash Flow	450.13	-146.5	585.38	-2,815	342.25	1,075
Unlevered Free Cash Flow	1,221	582.88	1,252	-2,356	734.13	1,269
Change in Working Capital	3,267	2,847	1,343	-3,472	-5,951	1,821

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