Exemplar REITail Limited (JSE:EXP)

Exemplar REITail Cash Flow Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug 31, 2025	Feb 28, 2025	Feb 29, 2024	Feb 28, 2023	Feb 28, 2022	Feb 28, 2021
Net Income	1,162	1,111	708.69	975.34	914.27	231.52
Depreciation & Amortization	3.15	3.15	1.73	1.24	0.84	0.54
Other Amortization	7.99	7.99	5.44	2.74	5.71	6.35
Asset Writedown	-690.55	-690.55	-360.76	-467.61	-265.13	39.52
Stock-Based Compensation	8.21	8.21	9.04	3.87	-	-
Change in Accounts Receivable	-25.45	-25.45	-18.39	-13.49	0.83	-11.03
Change in Accounts Payable	12.02	12.02	-3.94	31.1	0	31.9
Other Operating Activities	118.04	101	129.2	-23.84	-209.44	-32.2
Operating Cash Flow	603.29	534.92	484.98	509.35	447.09	266.6
Operating Cash Flow Growth	17.48%	10.30%	-4.78%	13.93%	67.70%	-12.81%
Acquisition of Real Estate Assets	-614.73	-794.84	-158.22	-508.21	-272.51	-64.49
Net Sale / Acq. of Real Estate Assets	-614.73	-794.84	-158.22	-508.21	-272.51	-64.49
Other Investing Activities	-	-	-116.5	69.17	289.28	-
Investing Cash Flow	-614.24	-796.88	-296.79	-426.65	19.09	106.39
Long-Term Debt Issued	-	2,110	1,263	312	2,438	448.74
Total Debt Issued	1,755	2,110	1,263	312	2,438	448.74
Long-Term Debt Repaid	-	-1,307	-989.03	-0.98	-2,332	-544.28
Total Debt Repaid	-1,208	-1,307	-989.03	-0.98	-2,332	-544.28
Net Debt Issued (Repaid)	547.31	802.68	273.97	311.02	106.4	-95.54
Common Dividends Paid	-530.06	-499.69	-478.54	-490.73	-323.74	-282.39
Other Financing Activities	-	-	-	-133.28	-	-2.09
Miscellaneous Cash Flow Adjustments	-	-	-	0	-	-
Net Cash Flow	6.3	41.04	-16.38	-230.3	248.85	-7.02
Cash Interest Paid	342.22	330.25	277.36	214.27	175.06	252.07
Levered Free Cash Flow	375.43	332.77	179.66	449.4	250.87	394.25
Unlevered Free Cash Flow	590.78	537.07	353.61	571.91	348.94	487.59
Change in Working Capital	-13.42	-13.42	-22.33	17.61	0.83	20.87

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