JSE:FFB Cash Flow Statement

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

Millions ZAR. Fiscal year is Jul - Jun.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	2016 - 2020
Period Ending	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	2016 - 2020
Net Income	2,676	4,333	5,917	777.82	3,353	Upgrade
Depreciation & Amortization	16.65	17.38	22.09	21.52	21.67	Upgrade
Other Amortization	20.15	18.23	17.44	17.77	15.82	Upgrade
Gain (Loss) on Sale of Investments	-348.92	-2,616	-2,469	2,289	-2,027	Upgrade
Asset Writedown	-1,791	-637.06	742.38	-223.6	382.42	Upgrade
Stock-Based Compensation	103.89	75.26	55.58	49.18	45.75	Upgrade
Income (Loss) on Equity Investments	-116.76	-713.83	-981.65	-400.71	-212.28	Upgrade
Change in Accounts Receivable	-53.64	107.09	-136.72	-212.16	-58.72	Upgrade
Change in Accounts Payable	115.07	149.15	-183.9	193.43	78.64	Upgrade
Other Operating Activities	1,427	485.04	-1,963	-322.17	-149.48	Upgrade
Operating Cash Flow	2,049	1,212	1,028	2,197	1,462	Upgrade
Operating Cash Flow Growth	69.09%	17.87%	-53.21%	50.29%	-32.48%	Upgrade
Acquisition of Real Estate Assets	-2,289	-2,950	-2,732	-3,562	-1,944	Upgrade
Sale of Real Estate Assets	1,453	1,690	1,326	577.25	1,520	Upgrade
Net Sale / Acq. of Real Estate Assets	-835.55	-1,260	-1,406	-2,984	-424.06	Upgrade
Investment in Marketable & Equity Securities	-1,916	-	-	-	130.38	Upgrade
Other Investing Activities	-15.78	105.24	98.96	-152.03	-714.99	Upgrade
Investing Cash Flow	-2,767	-1,155	-1,307	-3,136	-1,009	Upgrade
Long-Term Debt Issued	9,851	3,915	7,001	2,432	-	Upgrade
Long-Term Debt Repaid	-5,775	-1,309	-7,203	-	-113.47	Upgrade
Net Debt Issued (Repaid)	4,076	2,606	-201.99	2,432	-113.47	Upgrade
Repurchase of Common Stock	-	-	-	-462.37	-	Upgrade
Common Dividends Paid	-293.27	-633.52	-3.62	-879.36	-281.33	Upgrade
Other Financing Activities	-0.19	-49.39	-	-	-2.3	Upgrade
Net Cash Flow	3,064	1,980	-485.15	150.59	56.09	Upgrade
Cash Interest Paid	1,735	1,884	1,209	863.1	871.05	Upgrade
Cash Income Tax Paid	85.92	49.18	92.25	-3.39	52.02	Upgrade
Levered Free Cash Flow	1,743	1,158	3,436	302.69	236.75	Upgrade
Unlevered Free Cash Flow	2,920	2,323	4,203	912.27	768.77	Upgrade
Change in Working Capital	61.43	256.25	-320.61	-18.74	19.91	Upgrade

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.