JSE:AFH Cash Flow Statement

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

Millions ZAR. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	2016 - 2020
Period Ending	Sep '25 Sep 30, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021	2016 - 2020
Net Income	949	883	672	704	495	185	Upgrade
Depreciation & Amortization	180	180	163	208	223	217	Upgrade
Other Amortization	65	65	46	44	32	36	Upgrade
Asset Writedown & Restructuring Costs	-	-	90	18	2	5	Upgrade
Loss (Gain) From Sale of Investments	-	-	1	1	4	-13	Upgrade
Stock-Based Compensation	128	128	128	130	90	72	Upgrade
Other Operating Activities	1,460	-121	668	-350	890	-650	Upgrade
Change in Accounts Receivable	-5	-5	64	-54	-35	32	Upgrade
Change in Accounts Payable	37	37	-54	105	91	-3	Upgrade
Operating Cash Flow	2,799	1,154	1,813	729	1,827	-113	Upgrade
Operating Cash Flow Growth	-	-36.35%	148.70%	-60.10%	-	-	Upgrade
Capital Expenditures	-227	-167	-221	-142	-115	-107	Upgrade
Cash Acquisitions	-	-9	-84	-94	-	-15	Upgrade
Sale (Purchase) of Intangibles	-5	-9	-45	-98	-	-	Upgrade
Investment in Securities	26	-46	-205	-168	537	-943	Upgrade
Other Investing Activities	40	40	31	130	-207	40	Upgrade
Investing Cash Flow	-166	-191	-524	-372	215	-1,025	Upgrade
Long-Term Debt Issued	-	411	146	202	-	28	Upgrade
Total Debt Issued	47	411	146	202	-	28	Upgrade
Long-Term Debt Repaid	-	-262	-163	-181	-160	-236	Upgrade
Total Debt Repaid	-205	-262	-163	-181	-160	-236	Upgrade
Net Debt Issued (Repaid)	-158	149	-17	21	-160	-208	Upgrade
Issuance of Common Stock	-	-	2	9	14	12	Upgrade
Repurchase of Common Stock	-7	-168	-108	-83	-229	-297	Upgrade
Common Dividends Paid	-838	-1,440	-603	-449	-275	-1,021	Upgrade
Other Financing Activities	7	-	-	-	-	-	Upgrade
Financing Cash Flow	-996	-1,459	-726	-502	-650	-1,514	Upgrade
Foreign Exchange Rate Adjustments	-6	-2	35	50	-18	-25	Upgrade
Net Cash Flow	1,631	-498	598	-95	1,374	-2,677	Upgrade
Free Cash Flow	2,572	987	1,592	587	1,712	-220	Upgrade
Free Cash Flow Growth	-	-38.00%	171.21%	-65.71%	-	-	Upgrade
Free Cash Flow Margin	43.48%	17.47%	31.47%	13.08%	40.78%	-5.65%	Upgrade
Free Cash Flow Per Share	2.03	0.78	1.24	0.45	1.26	-0.16	Upgrade
Cash Interest Paid	92	86	72	56	63	74	Upgrade
Cash Income Tax Paid	314	290	238	209	235	282	Upgrade
Levered Free Cash Flow	667.63	557.13	662.75	1,152	777	257.63	Upgrade
Unlevered Free Cash Flow	722.63	612.13	709	1,188	815.13	301.38	Upgrade
Change in Working Capital	32	32	10	51	56	29	Upgrade

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.