Fairvest Limited (JSE:FTA)

Fairvest Cash Flow Statement

Financials in millions ZAR. Fiscal year is October - September.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2025	Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Jun 30, 2021
Net Income	1,466	926.31	96.31	1,688	289.34
Depreciation & Amortization	7.64	2.25	1.34	1.47	0.66
Other Amortization	7.16	6.92	7.32	3.85	-
Gain (Loss) on Sale of Assets	-	10.13	-	0.91	-
Asset Writedown	-487.41	-246.48	-63.98	-339.88	-84.89
Stock-Based Compensation	0.12	14.46	11.88	4.25	-
Income (Loss) on Equity Investments	-219.72	-	-	-	-
Change in Accounts Receivable	-24.1	-5.21	-9.55	30.33	0.87
Change in Accounts Payable	50.94	27.13	1.7	11.01	19.49
Other Operating Activities	122.57	6.71	548.53	-1,077	21.71
Net Cash from Discontinued Operations	-	-	161.38	79.37	-
Operating Cash Flow	923.33	742.22	754.93	401.99	247.18
Operating Cash Flow Growth	24.40%	-1.68%	87.80%	62.63%	26.83%
Acquisition of Real Estate Assets	-1,180	-346.39	-190.55	-74.49	-51.61
Sale of Real Estate Assets	34	271.52	334.37	52.44	103.05
Net Sale / Acq. of Real Estate Assets	-1,146	-74.86	143.82	-22.06	51.43
Cash Acquisition	-	-	-	106.49	-
Investment in Marketable & Equity Securities	-	-	-	-	-0.05
Other Investing Activities	-	-	-13.91	-24.54	-12.72
Investing Cash Flow	-1,147	-74.24	675.24	166.82	69.33
Long-Term Debt Issued	5,242	1,499	3,626	-	504.18
Total Debt Issued	5,242	1,499	3,626	1,984	504.18
Long-Term Debt Repaid	-5,631	-1,506	-4,237	-	-635.55
Total Debt Repaid	-5,631	-1,506	-4,237	-1,962	-635.55
Net Debt Issued (Repaid)	-389.09	-6.41	-610.87	22	-131.37
Issuance of Common Stock	1,352	-	-	-	16.79
Repurchase of Common Stock	-	-	-100.01	-	-0.36
Common Dividends Paid	-848.08	-680.13	-701.73	-415.78	-200.06
Other Financing Activities	114.09	-31.11	-45.37	-79.58	-
Net Cash Flow	4.56	-49.67	-27.81	95.45	1.51
Cash Interest Paid	415.76	409.77	451.13	260.14	91.73
Cash Income Tax Paid	-	-0	-0.01	-0.48	0.15
Levered Free Cash Flow	603.87	739.24	664.88	-	218.02
Unlevered Free Cash Flow	853.6	986.71	933.84	-	279.77
Change in Working Capital	26.84	21.92	-7.85	41.33	20.36

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