Codan Cash Flow Statement

Financials in millions AUD. Fiscal year is July - June.

Millions AUD. Fiscal year is Jul - Jun.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '25 Jun 30, 2025	Jun '24 Jun 30, 2024	Jun '23 Jun 30, 2023	Jun '22 Jun 30, 2022	Jun '21 Jun 30, 2021
Net Income	103.49	81.39	67.77	100.74	90.35
Depreciation & Amortization	15.68	14.28	12.57	12.59	7.3
Other Amortization	22.05	18.81	16.3	12.02	11.73
Loss (Gain) From Sale of Assets	-	0.23	-0.88	-1.47	-0
Stock-Based Compensation	1.65	0.8	0.74	0.98	1.79
Other Operating Activities	6.05	1.26	4.05	-1.29	3.36
Change in Accounts Receivable	1.9	-17.2	-10.3	-24.47	9.24
Change in Inventory	-14.54	15.97	-18.91	-39.72	-16.44
Change in Accounts Payable	18.45	-0.13	12.49	-7.17	24.21
Change in Other Net Operating Assets	-8.09	-8.97	-3.94	-0.48	-0.23
Operating Cash Flow	146.64	106.45	79.88	51.72	131.3
Operating Cash Flow Growth	37.75%	33.27%	54.44%	-60.61%	26.27%
Capital Expenditures	-8.62	-10.12	-18.04	-6.09	-4.14
Sale of Property, Plant & Equipment	0.04	0.06	0.01	0.24	0
Cash Acquisitions	-35.67	-37.24	-6.49	-3.61	-159.77
Divestitures	-	-	1.92	17.77	-
Sale (Purchase) of Intangibles	-53.81	-40.66	-31.33	-28.07	-18.81
Investing Cash Flow	-98.06	-87.96	-53.93	-19.75	-182.72
Long-Term Debt Issued	101.88	71	57.88	74	24
Long-Term Debt Repaid	-86.05	-57.17	-39.86	-53.32	-4.2
Net Debt Issued (Repaid)	15.82	13.83	18.03	20.68	19.81
Common Dividends Paid	-44.48	-36.26	-43.48	-53.36	-38.81
Financing Cash Flow	-28.66	-22.43	-25.46	-32.68	-19
Foreign Exchange Rate Adjustments	0.11	-0.02	0.55	0.96	0.35
Miscellaneous Cash Flow Adjustments	-	-	-	-	-0.39
Net Cash Flow	20.03	-3.96	1.05	0.25	-70.47
Free Cash Flow	138.02	96.33	61.84	45.63	127.16
Free Cash Flow Growth	43.28%	55.77%	35.51%	-64.11%	26.88%
Free Cash Flow Margin	20.47%	17.50%	13.55%	9.02%	29.09%
Free Cash Flow Per Share	0.76	0.53	0.34	0.25	0.70
Cash Interest Paid	12.35	9.52	5.38	1.75	1.46
Cash Income Tax Paid	24.25	20.86	10.89	38.2	36.36
Levered Free Cash Flow	54.79	36.44	19.26	12.86	82.62
Unlevered Free Cash Flow	62.52	42.4	22.62	13.95	83.53
Change in Working Capital	-2.28	-10.32	-20.67	-71.84	16.77

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