JSE:FFB Cash Flow Statement

Financials in millions ZAR. Fiscal year is July - June.

Millions ZAR. Fiscal year is Jul - Jun.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Jun '25 Jun 30, 2025	Jun '24 Jun 30, 2024	Jun '23 Jun 30, 2023	Jun '22 Jun 30, 2022	Jun '21 Jun 30, 2021
Net Income	3,445	2,676	4,333	5,917	777.82	3,353
Depreciation & Amortization	16.65	16.65	17.38	22.09	21.52	21.67
Other Amortization	20.15	20.15	18.23	17.44	17.77	15.82
Gain (Loss) on Sale of Investments	-348.92	-348.92	-2,616	-2,469	2,289	-2,027
Asset Writedown	-1,791	-1,791	-637.06	742.38	-223.6	382.42
Stock-Based Compensation	103.89	103.89	75.26	55.58	49.18	45.75
Income (Loss) on Equity Investments	-116.76	-116.76	-713.83	-981.65	-400.71	-212.28
Change in Accounts Receivable	-53.64	-53.64	107.09	-136.72	-212.16	-58.72
Change in Accounts Payable	115.07	115.07	149.15	-183.9	193.43	78.64
Other Operating Activities	926.98	1,427	485.04	-1,963	-322.17	-149.48
Operating Cash Flow	2,317	2,049	1,212	1,028	2,197	1,462
Operating Cash Flow Growth	40.87%	69.09%	17.87%	-53.21%	50.29%	-32.48%
Acquisition of Real Estate Assets	-3,221	-2,289	-2,950	-2,732	-3,562	-1,944
Sale of Real Estate Assets	919.53	1,453	1,690	1,326	577.25	1,520
Net Sale / Acq. of Real Estate Assets	-2,301	-835.55	-1,260	-1,406	-2,984	-424.06
Investment in Marketable & Equity Securities	-	-1,916	-	-	-	130.38
Other Investing Activities	-89.14	-15.78	105.24	98.96	-152.03	-714.99
Investing Cash Flow	-2,391	-2,767	-1,155	-1,307	-3,136	-1,009
Long-Term Debt Issued	-	9,851	3,915	7,001	2,432	-
Long-Term Debt Repaid	-	-5,775	-1,309	-7,203	-	-113.47
Net Debt Issued (Repaid)	2,213	4,076	2,606	-201.99	2,432	-113.47
Repurchase of Common Stock	-	-	-	-	-462.37	-
Common Dividends Paid	-211.06	-293.27	-633.52	-3.62	-879.36	-281.33
Other Financing Activities	-0.25	-0.19	-49.39	-	-	-2.3
Net Cash Flow	1,928	3,064	1,980	-485.15	150.59	56.09
Cash Interest Paid	1,834	1,735	1,884	1,209	863.1	871.05
Cash Income Tax Paid	68.66	85.92	49.18	92.25	-3.39	52.02
Levered Free Cash Flow	1,801	1,743	1,158	3,436	302.69	236.75
Unlevered Free Cash Flow	2,919	2,920	2,323	4,203	912.27	768.77
Change in Working Capital	61.43	61.43	256.25	-320.61	-18.74	19.91

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.