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

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