Combined Motor Holdings 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	390.95	301.49	408.48	443.46	374.89
Depreciation & Amortization	297.94	292.2	294.57	342.13	240.01
Loss (Gain) From Sale of Assets	0.01	0.12	-0.04	0.63	-25.65
Asset Writedown & Restructuring Costs	4.11	-	-	17.67	-
Stock-Based Compensation	7.77	6.82	5.6	4.4	2.04
Other Operating Activities	-90.05	76.26	13.5	-467.25	-270.18
Change in Accounts Receivable	40.2	-65.07	-54.97	-61.35	-18.85
Change in Inventory	-170.16	-107.25	-101.1	-715.03	-100.27
Change in Accounts Payable	221.71	96.72	142.05	528.32	-20.49
Change in Other Net Operating Assets	207.81	165.58	11.85	449.36	212.5
Operating Cash Flow	910.28	766.87	719.93	542.36	394
Operating Cash Flow Growth	18.70%	6.52%	32.74%	37.66%	-10.51%
Capital Expenditures	-52.61	-52.17	-48.98	-67.24	-32.18
Sale of Property, Plant & Equipment	4.49	2.42	5.75	2.6	75.54
Cash Acquisitions	-	-	-	-	-4.69
Other Investing Activities	81.8	91.92	81.27	57.58	6.2
Investing Cash Flow	33.68	42.16	38.05	-7.06	44.88
Long-Term Debt Repaid	-126.1	-122.01	-114.09	-104.43	-98.34
Total Debt Repaid	-126.1	-122.01	-114.09	-104.43	-98.34
Net Debt Issued (Repaid)	-126.1	-122.01	-114.09	-104.43	-98.34
Repurchase of Common Stock	-216.48	-19.08	-21.91	-	-
Common Dividends Paid	-127.91	-240.86	-288.74	-293.97	-175.79
Other Financing Activities	-282.18	-288.06	-280.01	-192.76	-101.84
Financing Cash Flow	-752.67	-670.01	-704.75	-591.17	-375.96
Net Cash Flow	191.29	139.02	53.23	-55.86	62.91
Free Cash Flow	857.67	714.69	670.96	475.13	361.82
Free Cash Flow Growth	20.00%	6.52%	41.22%	31.31%	2.44%
Free Cash Flow Margin	5.46%	5.39%	5.23%	3.82%	3.24%
Free Cash Flow Per Share	11.52	9.40	8.80	6.16	4.71
Cash Interest Paid	-	288.06	280.01	192.76	124.11
Cash Income Tax Paid	-	75.28	146.14	184.83	133.91
Levered Free Cash Flow	634.67	404.29	526.42	400.99	475.66
Unlevered Free Cash Flow	811.03	584.32	701.43	521.47	553.22
Change in Working Capital	299.56	89.98	-2.18	201.31	72.89

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