African Rainbow Minerals Cash Flow Statement

Financials in millions ZAR. Fiscal year is July - June.

Millions ZAR. Fiscal year is Jul - Jun.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Jun '25 Jun 30, 2025	Jun '24 Jun 30, 2024	Jun '23 Jun 30, 2023	Jun '22 Jun 30, 2022	Jun '21 Jun 30, 2021
Net Income	1,289	330	3,146	8,080	12,426	12,626
Depreciation & Amortization	928	978	9,373	879	854	809
Loss (Gain) From Sale of Investments	-	-	-	-7	47	-1
Stock-Based Compensation	-	-	-	254	263	220
Other Operating Activities	5,219	3,998	-4,792	3,159	42	1,651
Change in Accounts Receivable	-474	-532	378	2,071	-737	-4,630
Change in Inventory	193	225	-237	-518	70	54
Change in Accounts Payable	446	-361	-223	-512	-973	-729
Change in Other Net Operating Assets	171	454	-48	171	-	-
Operating Cash Flow	7,772	5,092	7,597	12,909	11,063	8,687
Operating Cash Flow Growth	38.91%	-32.97%	-41.15%	16.69%	27.35%	32.71%
Capital Expenditures	-2,620	-2,658	-6,292	-4,456	-2,202	-1,657
Sale of Property, Plant & Equipment	29	30	4	6	6	3
Cash Acquisitions	320	-3	-53	-3,441	-	-
Investment in Securities	-523	198	-215	287	-296	816
Investing Cash Flow	-2,794	-2,433	-6,556	-7,511	-2,492	-838
Short-Term Debt Issued	-	154	456	-	-	-
Long-Term Debt Issued	-	771	479	-	-	264
Total Debt Issued	-673	925	935	-	-	264
Short-Term Debt Repaid	-	-2	-8	-154	-14	-187
Long-Term Debt Repaid	-	-60	-54	-97	-95	-461
Total Debt Repaid	-399	-62	-62	-251	-109	-648
Net Debt Issued (Repaid)	-1,072	863	873	-251	-109	-384
Issuance of Common Stock	-	-	-	-	7	44
Repurchase of Common Stock	-500	-560	-78	-141	-225	-
Common Dividends Paid	-2,036	-2,644	-3,529	-6,666	-6,270	-3,322
Financing Cash Flow	-3,608	-2,341	-2,734	-7,058	-6,597	-3,662
Foreign Exchange Rate Adjustments	-4	-1	-2	21	14	-44
Net Cash Flow	1,366	317	-1,695	-1,639	1,988	4,143
Free Cash Flow	5,152	2,434	1,305	8,453	8,861	7,030
Free Cash Flow Growth	391.60%	86.51%	-84.56%	-4.60%	26.05%	22.45%
Free Cash Flow Margin	37.30%	20.87%	11.43%	57.65%	52.38%	35.76%
Free Cash Flow Per Share	26.44	12.41	6.65	43.02	45.20	35.63
Cash Interest Paid	237	260	97	69	46	45
Cash Income Tax Paid	460	408	600	1,517	2,303	2,291
Levered Free Cash Flow	-829	-3,487	4,119	2,480	4,274	2,351
Unlevered Free Cash Flow	-624.63	-3,264	4,239	2,518	4,354	2,463
Change in Working Capital	336	-214	-130	1,212	-1,640	-5,305

Source: S&P Global Market Intelligence. Standard template. Financial Sources.