Indies Pharma Jamaica Cash Flow Statement

Financials in millions JMD. Fiscal year is November - October.

Millions JMD. Fiscal year is Nov - Oct.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct '25 Oct 31, 2025	Oct '24 Oct 31, 2024	Oct '23 Oct 31, 2023	Oct '22 Oct 31, 2022	Oct '21 Oct 31, 2021
Net Income	181.29	221.18	213.06	220.79	167.87
Depreciation & Amortization	65.87	61.44	60.16	56.84	53.73
Loss (Gain) From Sale of Assets	-	-	-3.07	-1.88	-2.4
Other Operating Activities	79.05	92.74	69.7	59.07	62.95
Change in Accounts Receivable	-15.39	8.59	-103.5	-5.32	60.12
Change in Inventory	92.46	-78.19	5.13	47.09	-76.08
Change in Accounts Payable	121.9	-26.01	29.26	3.03	-31.49
Change in Income Taxes	-44.18	-22.16	7.87	-	-0.14
Change in Other Net Operating Assets	-117.19	-7.57	0.88	-64.39	131.91
Operating Cash Flow	363.81	250.01	279.47	315.22	366.48
Operating Cash Flow Growth	45.52%	-10.54%	-11.34%	-13.99%	-
Capital Expenditures	-43.52	-8.88	-14.02	-26.37	-40.72
Sale of Property, Plant & Equipment	-	-	3.53	1.88	2.98
Sale (Purchase) of Intangibles	-32.98	-19.98	-62.44	-61.68	-202.93
Investment in Securities	-	-	63.14	67.31	0.75
Other Investing Activities	1.12	1.62	1.46	0.95	4.84
Investing Cash Flow	-75.38	-27.24	-8.33	-17.92	-235.09
Short-Term Debt Issued	1.45	-	0.06	-	-
Long-Term Debt Issued	1,000	-	-	3.43	0.6
Total Debt Issued	1,001	-	0.06	3.43	0.6
Short-Term Debt Repaid	-	-0.29	-	-	-
Long-Term Debt Repaid	-848.31	-41.76	-46.35	-48.16	-46.63
Total Debt Repaid	-848.31	-42.05	-46.35	-48.16	-46.63
Net Debt Issued (Repaid)	153.14	-42.05	-46.29	-44.73	-46.03
Common Dividends Paid	-179.89	-146.58	-150.98	-150.58	-146.58
Other Financing Activities	-61.95	-63.8	-56.35	-56.2	-61.37
Financing Cash Flow	-88.71	-252.42	-253.62	-251.5	-253.99
Foreign Exchange Rate Adjustments	-	-	0.45	0.1	-
Net Cash Flow	199.73	-29.65	17.98	45.89	-122.59
Free Cash Flow	320.3	241.13	265.45	288.85	325.76
Free Cash Flow Growth	32.83%	-9.16%	-8.10%	-11.33%	-
Free Cash Flow Margin	28.44%	20.80%	25.15%	30.82%	38.47%
Free Cash Flow Per Share	0.24	0.18	0.20	0.22	0.24
Cash Interest Paid	61.95	63.8	56.35	56.2	61.37
Cash Income Tax Paid	-	-	-	0.32	-
Levered Free Cash Flow	241.98	48.68	73.53	111.44	-74.56
Unlevered Free Cash Flow	281.17	88.97	115.27	149.24	-31.46
Change in Working Capital	37.6	-125.34	-60.38	-19.6	84.32

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