Bowler Metcalf 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	131.12	121.92	107.33	68.7	82.69	91.49
Depreciation & Amortization	33.33	26.73	24.19	23.12	18.62	22.22
Loss (Gain) From Sale of Assets	2.21	2.21	2.32	1.82	-	-
Asset Writedown & Restructuring Costs	-	-	1.97	1.42	-	-
Provision & Write-off of Bad Debts	-0.61	-0.61	-2.66	-0.32	-	-
Other Operating Activities	16.22	11.72	12.25	-3.64	-3.98	-1.54
Change in Accounts Receivable	13.71	-3.09	-9.65	1.02	-39.88	-0.31
Change in Inventory	30.16	-3.54	7.13	9.98	-28.79	-19.14
Change in Accounts Payable	15.25	16.85	-6.47	11.7	-0.44	16.6
Change in Other Net Operating Assets	20.62	-11.38	-2.81	1.23	0.74	1.19
Operating Cash Flow	262	160.8	133.62	115.02	28.96	110.5
Operating Cash Flow Growth	308.63%	20.34%	16.16%	297.14%	-73.79%	16.14%
Capital Expenditures	-66.32	-80.52	-103.43	-39.85	-27.21	-72.32
Sale of Property, Plant & Equipment	0.67	0.67	0.19	0.35	-	-
Cash Acquisitions	-	-	-	-	-35.32	-
Sale (Purchase) of Real Estate	-	-	-	-	-0.12	-3.37
Investment in Securities	-	-20	24	-	80.43	-125
Other Investing Activities	-	-	-	0	-	-
Investing Cash Flow	-65.65	-99.85	-79.23	-39.5	17.79	-200.69
Long-Term Debt Repaid	-	-1.74	-2.96	-3.44	-2.96	-3.49
Net Debt Issued (Repaid)	-5.64	-1.74	-2.96	-3.44	-2.96	-3.49
Issuance of Common Stock	2	-	-	-	-	-
Repurchase of Common Stock	-3.86	-4.96	-0.15	-15.26	-14.54	-4.57
Common Dividends Paid	-47.19	-43.09	-33.43	-29.61	-96.56	-35.17
Other Financing Activities	-0.36	-0.36	-0.09	-0.21	-	-
Financing Cash Flow	-55.05	-50.15	-36.63	-48.52	-114.06	-43.23
Miscellaneous Cash Flow Adjustments	-	-	-	0	-	-
Net Cash Flow	141.31	10.81	17.75	27.01	-67.31	-133.43
Free Cash Flow	195.69	80.29	30.19	75.17	1.75	38.17
Free Cash Flow Growth	-	165.91%	-59.84%	4198.11%	-95.42%	-53.27%
Free Cash Flow Margin	19.89%	8.49%	3.51%	10.48%	0.26%	6.01%
Free Cash Flow Per Share	2.86	1.17	0.44	1.08	0.03	0.53
Cash Interest Paid	0.41	0.41	0.21	0.27	0.03	0.05
Cash Income Tax Paid	31.44	30.34	22.69	20.91	30.97	36.24
Levered Free Cash Flow	148.3	36.88	-10.31	49.67	-31.77	19.91
Unlevered Free Cash Flow	148.55	37.13	-10.2	49.83	-31.64	20.13
Change in Working Capital	79.75	-1.15	-11.79	23.93	-68.37	-1.67

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.