Balwin Properties Cash Flow Statement

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

Millions ZAR. Fiscal year is Mar - Feb.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug '25 Aug 31, 2025	Feb '25 Feb 28, 2025	Feb '24 Feb 29, 2024	Feb '23 Feb 28, 2023	Feb '22 Feb 28, 2022	Feb '21 Feb 28, 2021
Net Income	254.14	232.68	215.67	436.27	362.58	336.16
Depreciation & Amortization	27.78	33.49	26.55	22.85	13.49	17.16
Other Amortization	6.21	6.21	5.83	4.06	-	0.06
Loss (Gain) From Sale of Assets	-16.69	-16.69	8.21	-1.62	-	-0.35
Asset Writedown & Restructuring Costs	-6.66	-6.66	-	-3.27	-	-
Loss (Gain) From Sale of Investments	-	-	-	-2.46	-	-
Loss (Gain) on Equity Investments	-	-	-	-0.33	-	-1.74
Stock-Based Compensation	14.31	14.31	17.29	10.96	-	6.98
Other Operating Activities	-76.55	-210.24	-234.91	-136.86	-517.18	51.16
Change in Accounts Receivable	-16.31	-16.31	-130.81	538.38	-	-97.83
Change in Inventory	-251.29	-251.29	-270.3	-639.03	-	-724.6
Change in Accounts Payable	4.32	4.32	29.38	22.85	-	-6.36
Change in Other Net Operating Assets	-1.29	-1.29	25.18	-6.62	-	-65.49
Operating Cash Flow	-62.02	-211.46	-307.92	245.16	-141.11	-484.84
Capital Expenditures	-66.4	-66.49	-48.43	-86.45	-79.66	-25.6
Sale of Property, Plant & Equipment	29.44	30.26	-	2.42	0.31	0.59
Cash Acquisitions	-	-	-	-14.13	-	-
Sale (Purchase) of Intangibles	-8.71	-7.02	-5.83	-11.54	3.97	-7.24
Sale (Purchase) of Real Estate	-84.68	-35.35	-67.36	-	-	-
Other Investing Activities	-	-	183.38	-163.04	-	-
Investing Cash Flow	-132.47	-80.72	61.77	-272.75	-75.38	-43.9
Long-Term Debt Issued	-	2,686	2,097	3,045	3,103	1,732
Total Debt Issued	2,810	2,686	2,097	3,045	3,103	1,732
Long-Term Debt Repaid	-	-2,429	-2,105	-2,948	-2,466	-1,251
Net Debt Issued (Repaid)	255.11	257.41	-8.07	96.52	637.23	480.85
Repurchase of Common Stock	-	-	-	-20.11	-	-
Common Dividends Paid	-	-	-73.24	-121.54	-114.93	-92.55
Other Financing Activities	-	-	9.69	14.43	23.3	0.44
Financing Cash Flow	255.11	257.41	-71.62	-30.71	545.59	388.74
Net Cash Flow	60.63	-34.77	-317.76	-58.29	329.1	-140
Free Cash Flow	-128.42	-277.95	-356.34	158.71	-220.77	-510.44
Free Cash Flow Margin	-4.95%	-12.52%	-15.12%	4.77%	-7.06%	-18.90%
Free Cash Flow Per Share	-0.27	-0.58	-0.76	0.34	-0.47	-1.08
Cash Interest Paid	295.42	295.64	296.32	217.37	108.5	40.11
Cash Income Tax Paid	54.33	50.33	46.74	133.09	55.74	60.96
Levered Free Cash Flow	-77.87	-182.83	-393.75	-166.26	-395.23	-630.96
Unlevered Free Cash Flow	-46.06	-151.56	-362.3	-146.19	-375.8	-624.1
Change in Working Capital	-264.57	-264.57	-346.55	-84.43	-	-894.27

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