JMSE:FESCO Cash Flow Statement

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

Millions JMD. 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	642.97	461.55	410.82	571.27	253.64	108.16
Depreciation & Amortization	274.01	260.34	184.01	28.96	13.16	6.9
Loss (Gain) From Sale of Assets	1.58	5.85	2.57	3.06	-	-
Loss (Gain) From Sale of Investments	7.13	-	-	-	-	0.76
Provision & Write-off of Bad Debts	10.22	10.22	4.97	17.86	2.32	-
Other Operating Activities	80.03	48.5	115.64	-0.49	-30.55	-1.06
Change in Accounts Receivable	-25.55	189.44	-312.95	-210.74	-278.3	-4.86
Change in Inventory	-38.28	-46.53	-107.51	-45.86	-30.06	-5.37
Change in Accounts Payable	-381.06	-251.73	487.89	-240.46	565.8	-22.08
Change in Other Net Operating Assets	-81.49	-7.28	-38.22	-65.51	-18.5	-14.1
Operating Cash Flow	492.02	670.37	747.21	58.1	477.51	68.35
Operating Cash Flow Growth	-35.64%	-10.28%	1186.19%	-87.83%	598.64%	3.59%
Capital Expenditures	-814.24	-774.23	-550.97	-1,639	-893.63	-130.98
Sale of Property, Plant & Equipment	47.11	72.74	12.59	-	-	-
Investment in Securities	-5	-5	-23.01	-	-	-
Investing Cash Flow	-766.93	-699.67	-627.84	-1,662	-885.97	-130.98
Short-Term Debt Issued	-	-	-	-	157.11	-
Long-Term Debt Issued	-	-	-	898.58	1,069	-
Total Debt Issued	139.14	-	-	898.58	1,226	-
Short-Term Debt Repaid	-	-	-	-157.11	-	-
Long-Term Debt Repaid	-	-23.77	-146.22	-0.73	-1.95	-14.21
Total Debt Repaid	-22.61	-23.77	-146.22	-157.84	-1.95	-14.21
Net Debt Issued (Repaid)	116.53	-23.77	-146.22	740.74	1,225	-14.21
Issuance of Common Stock	-	-	-	-	223.53	4.8
Common Dividends Paid	-70	-	-0.06	-40	-	-
Other Financing Activities	-0	-	-	-	-	0.95
Financing Cash Flow	46.53	-23.77	-146.28	700.74	1,448	-8.46
Foreign Exchange Rate Adjustments	-3.34	2.38	0.29	-2.61	-2.1	5.05
Net Cash Flow	-231.72	-50.69	-26.62	-906.25	1,038	-66.04
Free Cash Flow	-322.22	-103.86	196.24	-1,581	-416.12	-62.63
Free Cash Flow Margin	-1.03%	-0.35%	0.68%	-6.02%	-3.28%	-1.07%
Free Cash Flow Per Share	-0.13	-0.04	0.08	-0.63	-0.17	-0.09
Cash Interest Paid	149.94	184.63	186.17	17.3	7.61	3.73
Cash Income Tax Paid	1.27	1.27	0.95	6.35	36.89	28.62
Levered Free Cash Flow	-582.29	-289.46	-14.44	-1,736	-463.54	-82.15
Unlevered Free Cash Flow	-471.01	-166.83	95.54	-1,725	-458.78	-79.82
Change in Working Capital	-523.92	-116.1	29.21	-562.57	238.94	-46.41

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