JMSE:JSE Cash Flow Statement

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

Millions JMD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	338.31	440.08	496.02	416	503.24	497.31
Depreciation & Amortization	83.01	81.32	72.28	63.17	46.1	36.1
Other Amortization	46.19	46.19	52.46	52.13	41.94	34.1
Loss (Gain) From Sale of Assets	-	-	-	-	0.39	-
Asset Writedown & Restructuring Costs	5.38	5.38	-	3.95	3.9	-
Loss (Gain) From Sale of Investments	-7.29	-4.04	1.67	0.01	9.83	-0.91
Provision & Write-off of Bad Debts	145.24	145.24	90.11	20.86	-3.94	-0.58
Other Operating Activities	-73.8	-100.82	-17.77	-34.54	-58.96	-37.71
Change in Accounts Receivable	44	-119.78	-163.21	-129	5.42	-37.87
Change in Accounts Payable	-1.98	74.78	69.58	3.69	10.21	-4.08
Change in Unearned Revenue	24.78	14.43	-6.84	3.57	-2.92	2.83
Change in Other Net Operating Assets	-88.11	-88.11	-88.32	-69.05	-59.28	-45.39
Operating Cash Flow	515.74	494.66	505.98	330.8	495.92	443.81
Operating Cash Flow Growth	3.07%	-2.24%	52.96%	-33.30%	11.74%	9.41%
Capital Expenditures	-63.91	-80.22	-45.67	-89.45	-119.49	-88.15
Sale (Purchase) of Intangibles	-22.7	-53.34	-91.08	-137.08	-105.51	-70.45
Investment in Securities	-181.12	-51.08	-210.34	-34.72	-27.74	-17.17
Other Investing Activities	34.5	21.85	55.92	53.65	26.96	18.83
Investing Cash Flow	-233.23	-162.79	-291.18	-207.6	-225.77	-156.94
Common Dividends Paid	-351.26	-351.26	-239.13	-89.76	-305.04	-191.4
Financing Cash Flow	-351.26	-351.26	-239.13	-89.76	-305.04	-191.4
Foreign Exchange Rate Adjustments	-0.39	-0.39	1.19	10.07	-9.41	5.12
Net Cash Flow	-69.14	-19.78	-23.14	43.51	-44.3	100.59
Free Cash Flow	451.83	414.44	460.3	241.35	376.43	355.67
Free Cash Flow Growth	-1.11%	-9.96%	90.72%	-35.88%	5.84%	-0.08%
Free Cash Flow Margin	17.18%	14.90%	18.14%	11.55%	18.09%	19.02%
Free Cash Flow Per Share	0.64	0.59	0.66	0.34	0.54	0.51
Cash Income Tax Paid	297.98	297.98	258.54	221.37	306.96	248.51
Levered Free Cash Flow	213.16	330.61	227.24	71.36	339.89	317.56
Unlevered Free Cash Flow	213.16	330.61	227.24	71.36	339.89	317.56
Change in Working Capital	-21.3	-118.69	-188.78	-190.78	-46.57	-84.5

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