ArcelorMittal South Africa Limited (JSE:ACL)
South Africa · Delayed Price · Currency is ZAR · Price in ZAc 150.00
+2.00 (1.35%)
Aug 20, 2026, 10:45 AM SAST
JSE:ACL Cash Flow Statement
Financials in millions ZAR. Fiscal year is January - December.
Millions ZAR. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 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 | -3,327 | -3,012 | -5,839 | -3,920 | 2,634 | 6,625 |
Depreciation & Amortization | 911 | 1,024 | 807 | 861 | 760 | 589 |
Other Amortization | 18 | 15 | 11 | 17 | 11 | 12 |
Loss (Gain) From Sale of Assets | -141 | -13 | 92 | 8 | 30 | 7 |
Asset Writedown & Restructuring Costs | -362 | -331 | 645 | 2,003 | -57 | 228 |
Loss (Gain) From Sale of Investments | 41 | 2 | - | 19 | - | -3 |
Loss (Gain) on Equity Investments | -16 | -16 | -5 | -17 | -30 | -40 |
Stock-Based Compensation | 30 | 27 | 10 | 39 | 41 | 30 |
Provision & Write-off of Bad Debts | 9 | 7 | -38 | - | -2 | 36 |
Other Operating Activities | -788 | -20 | 1,854 | 625 | 501 | 1,230 |
Change in Accounts Receivable | 538 | 289 | 1,374 | -98 | -870 | -1,126 |
Change in Inventory | 3,179 | 3,872 | 2,094 | -852 | 61 | -5,110 |
Change in Accounts Payable | -2,467 | -1,597 | -466 | 2,659 | -1,933 | 381 |
Change in Other Net Operating Assets | -270 | -270 | -155 | -366 | -730 | -96 |
Operating Cash Flow | -2,645 | -23 | 384 | 978 | 416 | 2,763 |
Operating Cash Flow Growth | - | - | -60.74% | 135.10% | -84.94% | 344.21% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 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 |
Capital Expenditures | -754 | -988 | -932 | -1,480 | -1,897 | -854 |
Sale of Property, Plant & Equipment | 275 | 148 | 11 | 99 | 1 | 152 |
Sale (Purchase) of Intangibles | -16 | -16 | -6 | -9 | -15 | -6 |
Investment in Securities | -141 | -315 | 12 | - | - | 17 |
Other Investing Activities | 32 | 32 | - | 1 | 2 | 3 |
Investing Cash Flow | -604 | -1,139 | -915 | -1,389 | -1,909 | -688 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 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 |
Long-Term Debt Issued | - | 4,700 | 9,100 | 3,350 | 1,800 | - |
Long-Term Debt Repaid | - | -4,740 | -8,478 | -2,870 | -1,543 | -686 |
Net Debt Issued (Repaid) | 371 | -40 | 622 | 480 | 257 | -686 |
Other Financing Activities | - | - | - | - | -74 | -78 |
Financing Cash Flow | 371 | -40 | 622 | 480 | 183 | -764 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 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 |
Foreign Exchange Rate Adjustments | -5 | -29 | 18 | 24 | 50 | 1 |
Net Cash Flow | -2,883 | -1,231 | 109 | 93 | -1,260 | 1,312 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 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 |
Free Cash Flow | -3,399 | -1,011 | -548 | -502 | -1,481 | 1,909 |
Free Cash Flow Growth | - | - | - | - | - | 1379.85% |
Free Cash Flow Margin | -12.49% | -3.13% | -1.42% | -1.21% | -3.63% | 4.81% |
Free Cash Flow Per Share | -3.05 | -0.91 | -0.49 | -0.45 | -1.33 | 1.71 |
Levered Free Cash Flow | -1,596 | 435.5 | -1,418 | -410.63 | -2,815 | 342.25 |
Unlevered Free Cash Flow | -841.75 | 1,214 | -688.13 | 256.25 | -2,356 | 734.13 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 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 |
Cash Interest Paid | 605 | 682 | 720 | 751 | 823 | 327 |
Cash Income Tax Paid | 2 | -8 | 5 | 45 | - | - |
Change in Working Capital | 980 | 2,294 | 2,847 | 1,343 | -3,472 | -5,951 |