ADvTECH Limited (JSE:ADH)

ADvTECH Cash Flow Statement

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

Operating Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	1,377	1,288	1,105	951	805.4	664.9
Depreciation & Amortization	507.4	469.4	412.8	366.2	328.3	301.9
Other Amortization	32.2	32.2	23	18.5	18.1	14.7
Loss (Gain) From Sale of Assets	5.5	2.2	4.4	-1.2	-14.5	-11.3
Asset Writedown & Restructuring Costs	9.5	-	-	-	-	-
Loss (Gain) From Sale of Investments	6	6	-	-	-	-
Stock-Based Compensation	35.8	35.7	46.3	39.5	36.9	52.4
Other Operating Activities	-2.8	92.3	49.9	59.8	33.5	-17.9
Change in Accounts Receivable	3.4	3.4	-77.9	-57.4	-137.1	-26.3
Change in Inventory	6.1	6.1	-2.3	-3.3	3.4	7
Change in Accounts Payable	73.8	73.8	15.4	-13	92.6	87.5
Change in Unearned Revenue	37.6	37.6	49.5	17	93.5	49.3
Operating Cash Flow	2,308	2,047	1,626	1,377	1,260	1,122
Operating Cash Flow Growth	16.95%	25.89%	18.06%	9.29%	12.29%	24.84%

Investing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Capital Expenditures	-1,084	-991.3	-902.8	-646.4	-704.4	-329.7
Sale of Property, Plant & Equipment	11.4	60	30	24.9	27.5	38.8
Cash Acquisitions	-171.2	-171.2	-75.8	-	-	-
Divestitures	-	-	-	-	2.9	-
Sale (Purchase) of Intangibles	-19.7	-36.7	-79.4	-22.6	-15.9	-13
Other Investing Activities	-	-	-	-	-	1
Investing Cash Flow	-1,263	-1,139	-1,028	-644.1	-689.9	-302.9

Financing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Short-Term Debt Issued	-	1,730	1,175	950	1,140	590
Total Debt Issued	1,540	1,730	1,175	950	1,140	590
Short-Term Debt Repaid	-	-1,365	-950	-1,140	-590	-441.2
Long-Term Debt Repaid	-	-681.9	-81.6	-77.7	-698.2	-694
Total Debt Repaid	-1,621	-2,047	-1,032	-1,218	-1,288	-1,135
Net Debt Issued (Repaid)	-81.1	-316.9	143.4	-267.7	-148.2	-545.2
Issuance of Common Stock	-	-	-	-	4	9.7
Repurchase of Common Stock	-330.9	-35.4	-36	-16.1	-	-
Common Dividends Paid	-676.3	-659.6	-589.7	-414.9	-320.7	-223.8
Other Financing Activities	-13.3	-17.4	-	-	-	-6.7
Financing Cash Flow	-1,102	-1,029	-482.3	-698.7	-464.9	-766

Net Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Foreign Exchange Rate Adjustments	-38.5	-42.8	12.5	-8	4.8	10
Net Cash Flow	-95.6	-164.6	128	26.3	110.1	63.3

Free Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Free Cash Flow	1,224	1,055	723	730.7	555.7	792.5
Free Cash Flow Growth	20.79%	45.98%	-1.05%	31.49%	-29.88%	25.08%
Free Cash Flow Margin	12.61%	11.31%	8.48%	9.30%	7.98%	13.39%
Free Cash Flow Per Share	2.22	1.91	1.31	1.33	1.01	1.45
Levered Free Cash Flow	998.86	840.11	415.81	560.96	434.53	744.04
Unlevered Free Cash Flow	1,132	973.21	562.86	689.79	545.2	847.31

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash Interest Paid	208.1	208.1	226.8	202	170	161.5
Cash Income Tax Paid	564	432	423.9	374.5	337.9	309.3
Change in Working Capital	337.2	120.9	-15.3	-56.7	52.4	117.5

Data Source: S&P Global Market Intelligence Last updated: Jun 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every six months for this company.

Update frequency:

Semi-annually

Last checked:

Aug 30, 2026

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