Afine Investments Cash Flow Statement

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

Millions ZAR. Fiscal year is Mar - Feb.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Feb '26 Feb 28, 2026	Feb '25 Feb 28, 2025	Feb '24 Feb 29, 2024	Feb '23 Feb 28, 2023	Feb '22 Feb 28, 2022
Net Income	38.94	69.77	68.69	24.83	239.4
Depreciation & Amortization	-	-	0.03	0.05	-
Gain (Loss) on Sale of Assets	-	-	-	-	-30.48
Asset Writedown	-1	-39.22	-41.71	6.5	-130.41
Stock-Based Compensation	-	-	-	-2.13	-
Change in Accounts Receivable	1.35	-1.23	0	0.19	-0.24
Change in Accounts Payable	0.32	0.31	-0.17	-0.5	0.98
Change in Other Net Operating Assets	-	-	-	-	0.32
Other Operating Activities	10.6	12.84	12.63	8.15	-45.21
Operating Cash Flow	50.2	42.47	39.48	37.08	34.36
Operating Cash Flow Growth	18.20%	7.59%	6.46%	7.92%	-
Cash Acquisition	-	-	-	0.14	-21.69
Investing Cash Flow	-	-	-	0.14	-21.69
Short-Term Debt Issued	-	1.04	-	-	-
Long-Term Debt Issued	44.46	75.87	38.67	19.34	41
Total Debt Issued	44.46	76.91	38.67	19.34	41
Long-Term Debt Repaid	-47.07	-82.57	-36.66	-13.29	-31.23
Net Debt Issued (Repaid)	-2.61	-5.66	2.01	6.05	9.77
Issuance of Common Stock	-	-	-	-	6
Common Dividends Paid	-32.5	-29.74	-29.81	-31.79	-16
Other Financing Activities	-9.79	-9.86	-11.78	-8.83	-5
Net Cash Flow	5.3	-2.79	-0.11	2.66	7.44
Cash Interest Paid	-	9.86	11.78	8.83	4.2
Cash Income Tax Paid	-	-	-	-0.57	-
Levered Free Cash Flow	23.39	18.24	16.75	16.65	23.15
Unlevered Free Cash Flow	29.96	25.6	24.31	22.91	26.31
Change in Working Capital	1.66	-0.92	-0.17	-0.32	1.06