Accelerate Property Fund 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	-965	-1,270	-624.74	-601.34	61.98	-705.7
Depreciation & Amortization	14.25	16.34	11.46	8.47	8.6	8.13
Other Amortization	42.47	42.47	9.16	-	-	-
Gain (Loss) on Sale of Assets	-	-	6.39	-	-	-
Gain (Loss) on Sale of Investments	22.9	44.69	41.53	-64.6	-137.42	-63.63
Asset Writedown	167.21	274.26	354.81	809.18	363.84	588.1
Stock-Based Compensation	-	-	-	-	0.5	1.42
Change in Accounts Receivable	8.73	-39.02	-85.71	-84.43	-249.54	-33.44
Change in Accounts Payable	-32.74	-6.4	-19.94	-20.46	27.03	-37.18
Other Operating Activities	357.86	341.52	533.29	367.81	374.82	513.4
Net Cash from Discontinued Operations	-	-	-	-7.08	62.23	83.29
Operating Cash Flow	550.38	450.7	384.35	422.34	512.04	354.38
Operating Cash Flow Growth	58.29%	17.26%	-9.00%	-17.52%	44.49%	-51.60%
Acquisition of Real Estate Assets	-132.44	-110.43	-38.43	-34.41	-43.48	-36.8
Sale of Real Estate Assets	66.83	66.98	97.75	146.7	108.5	188
Net Sale / Acq. of Real Estate Assets	-65.61	-43.45	59.33	112.29	65.02	151.2
Other Investing Activities	-0	-	-	-	599.61	-
Investing Cash Flow	-65.62	-43.45	59.33	112.29	664.62	151.2
Long-Term Debt Issued	-	1,198	1,443	810	1,629	1,326
Long-Term Debt Repaid	-	-1,373	-1,467	-918	-2,355	-1,436
Net Debt Issued (Repaid)	-19.55	-174.76	-24.35	-108	-725.81	-110.15
Issuance of Common Stock	106.51	200	-	44.75	-	-
Common Dividends Paid	-	-	-	-38.16	-	-
Other Financing Activities	-488.77	-446.53	-436.29	-442.72	-423.46	-402.36
Foreign Exchange Rate Adjustments	-	-	-	0.55	-4.99	-1.13
Net Cash Flow	82.96	-14.04	-16.97	-8.95	22.41	-8.08
Cash Interest Paid	488.77	446.53	436.29	442.72	396.65	402.36
Cash Income Tax Paid	-	-	-	-	0.1	-
Levered Free Cash Flow	743.81	159.55	-710.01	-271.1	233.06	490.98
Unlevered Free Cash Flow	972.12	380.49	-363.29	-20.85	439.77	683.48
Change in Working Capital	-24	-45.41	-105.65	-104.89	-222.51	-70.63