Acsion Cash Flow Statement

Financials in millions ZAR. Fiscal year is March - February.

Millions ZAR. Fiscal year is Mar - Feb.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug '25 Aug 31, 2025	Feb '25 Feb 28, 2025	Feb '24 Feb 29, 2024	Feb '23 Feb 28, 2023	Feb '22 Feb 28, 2022	Feb '21 Feb 28, 2021
Net Income	1,521	1,587	1,040	888.89	1,170	23.63
Depreciation & Amortization	71.98	80.01	159.33	103.75	44.87	32.35
Gain (Loss) on Sale of Assets	0.49	0.49	0.04	-	-0.1	1.43
Asset Writedown	-1,356	-1,356	-725.99	-549.07	-1,011	274.84
Change in Accounts Receivable	-0.69	-0.69	-12.81	0.16	14.21	-29.07
Change in Accounts Payable	10.07	10.07	39.25	46.06	19.9	77.64
Other Operating Activities	567.66	431.14	209.5	111.04	242.08	25.98
Operating Cash Flow	814.55	752.57	701.12	594.36	480.32	406.79
Operating Cash Flow Growth	11.25%	7.34%	17.96%	23.74%	18.08%	6.36%
Acquisition of Real Estate Assets	-176.92	-174.16	-179.03	-379.42	-592.94	-648.39
Sale of Real Estate Assets	-	-	-	-	5.19	6.95
Net Sale / Acq. of Real Estate Assets	-176.92	-174.16	-179.03	-379.42	-587.75	-641.45
Cash Acquisition	-	-	-34.93	-	-	-
Investment in Marketable & Equity Securities	0.8	-	-5.52	-197.01	-0.16	-
Other Investing Activities	3.48	3.48	26.09	-	-	-
Investing Cash Flow	-172.64	-170.69	-193.4	-576.44	-587.91	-641.45
Long-Term Debt Issued	-	40	456.45	553.7	1,049	103.74
Total Debt Issued	330.77	40	456.45	553.7	1,049	103.74
Long-Term Debt Repaid	-	-140.35	-557.48	-505.66	-696.64	-25.11
Net Debt Issued (Repaid)	-77.73	-100.35	-101.02	48.04	352.69	78.63
Repurchase of Common Stock	-3.92	-0.8	-0.36	-0.12	-32.99	-0.4
Common Dividends Paid	-146.24	-130.87	-132.43	-138.61	-	-
Other Financing Activities	-	-75	-	-	-	-
Foreign Exchange Rate Adjustments	47.62	-48.91	14.28	18.36	8.67	-1.04
Net Cash Flow	461.63	225.96	288.2	-54.41	220.77	-157.46
Cash Interest Paid	126.93	127.96	103.63	78.29	62.91	40.91
Cash Income Tax Paid	112.37	119.17	84.85	86.42	125.2	71.78
Levered Free Cash Flow	611.32	436.44	741.46	267.09	379.69	297.24
Unlevered Free Cash Flow	681.81	510.05	822.19	326.23	419.01	324.09
Change in Working Capital	9.81	9.81	18.17	39.75	34.1	48.57

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