Balwin Properties 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	245.31	232.68	215.67	436.27	362.58
Depreciation & Amortization	-	33.49	26.55	22.85	13.49
Other Amortization	-	6.21	5.83	4.06	-
Loss (Gain) From Sale of Assets	-	-16.69	8.21	-1.62	-
Asset Writedown & Restructuring Costs	-35.07	-6.66	-	-3.27	-
Loss (Gain) From Sale of Investments	-	-	-	-2.46	-
Loss (Gain) on Equity Investments	-	-	-	-0.33	-
Stock-Based Compensation	2.71	14.31	17.29	10.96	-
Other Operating Activities	-87.89	-210.24	-234.91	-136.86	-517.18
Change in Accounts Receivable	25.46	-16.31	-130.81	538.38	-
Change in Inventory	-	-251.29	-270.3	-639.03	-
Change in Accounts Payable	66.91	4.32	29.38	22.85	-
Change in Other Net Operating Assets	-18.68	-1.29	25.18	-6.62	-
Operating Cash Flow	198.75	-211.46	-307.92	245.16	-141.11
Capital Expenditures	-46.97	-66.49	-48.43	-86.45	-79.66
Sale of Property, Plant & Equipment	0.01	30.26	-	2.42	0.31
Cash Acquisitions	-	-	-	-14.13	-
Sale (Purchase) of Intangibles	-5.6	-7.02	-5.83	-11.54	3.97
Sale (Purchase) of Real Estate	-	-35.35	-67.36	-	-
Investment in Securities	-83.21	-	-	-	-
Other Investing Activities	-	-	183.38	-163.04	-
Investing Cash Flow	-140.56	-80.72	61.77	-272.75	-75.38
Long-Term Debt Issued	1,408	2,686	2,097	3,045	3,103
Total Debt Issued	1,408	2,686	2,097	3,045	3,103
Long-Term Debt Repaid	-1,510	-2,429	-2,105	-2,948	-2,466
Net Debt Issued (Repaid)	-102.57	257.41	-8.07	96.52	637.23
Repurchase of Common Stock	-	-	-	-20.11	-
Common Dividends Paid	-	-	-73.24	-121.54	-114.93
Other Financing Activities	-1.84	-	9.69	14.43	23.3
Financing Cash Flow	-104.41	257.41	-71.62	-30.71	545.59
Net Cash Flow	-46.22	-34.77	-317.76	-58.29	329.1
Free Cash Flow	151.78	-277.95	-356.34	158.71	-220.77
Free Cash Flow Margin	5.63%	-12.52%	-15.12%	4.77%	-7.06%
Free Cash Flow Per Share	0.32	-0.58	-0.76	0.34	-0.47
Cash Interest Paid	-	295.64	296.32	217.37	108.5
Cash Income Tax Paid	-	50.33	46.74	133.09	55.74
Levered Free Cash Flow	11.16	-182.83	-393.75	-166.26	-395.23
Unlevered Free Cash Flow	44.44	-151.56	-362.3	-146.19	-375.8
Change in Working Capital	73.69	-264.57	-346.55	-84.43	-

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