Delta Property Fund 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	127.01	-104.21	-66.48	-728.27	-144.97
Depreciation & Amortization	1.85	2.7	3.6	3.26	-0.44
Other Amortization	-	12.92	6.9	17.45	6.62
Gain (Loss) on Sale of Assets	-	246.65	86.7	369.84	-
Gain (Loss) on Sale of Investments	-	44.22	37.09	35.54	48.67
Asset Writedown	-5.05	-68.36	93.44	463.8	428.84
Change in Accounts Receivable	-28	-80.93	64.19	91.57	-3.96
Change in Accounts Payable	12.26	5.31	-33.21	-46.28	47.23
Other Operating Activities	17.5	11.54	-85.01	-135.32	-133.51
Operating Cash Flow	152.93	95.36	109.78	149.11	254.74
Operating Cash Flow Growth	60.37%	-13.13%	-26.38%	-41.47%	8.08%
Acquisition of Real Estate Assets	-80.57	-44.83	-36.68	-79.47	-93.78
Sale of Real Estate Assets	13.03	10.88	13.46	208.99	-
Net Sale / Acq. of Real Estate Assets	-67.54	-33.95	-23.21	129.52	-93.78
Other Investing Activities	-	-0.06	-	-	-
Investing Cash Flow	-67.54	-34.01	-23.21	129.52	-88.78
Long-Term Debt Issued	15	35	13	11.28	81.06
Long-Term Debt Repaid	-106.23	-96.83	-108.37	-360.21	-289.15
Net Debt Issued (Repaid)	-91.23	-61.83	-95.37	-348.93	-208.09
Miscellaneous Cash Flow Adjustments	-	-	-	-	-0
Net Cash Flow	-5.84	-0.47	-8.81	-70.3	-42.13
Cash Interest Paid	-	446.44	474.81	457.88	400.45
Cash Income Tax Paid	-	26.2	84.8	99.27	119.48
Levered Free Cash Flow	504.11	379.5	-413.93	151.16	-588.69
Unlevered Free Cash Flow	761.86	654.42	-126.01	410.5	-338.18
Change in Working Capital	-15.75	-75.63	30.99	45.29	43.27