Hudaco Industries Cash Flow Statement

Financials in millions ZAR. Fiscal year is December - November.

Millions ZAR. Fiscal year is Dec - Nov.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov '25 Nov 30, 2025	Nov '24 Nov 30, 2024	Nov '23 Nov 30, 2023	Nov '22 Nov 30, 2022	Nov '21 Nov 30, 2021
Net Income	574.27	505.74	610.81	596.27	498.72
Depreciation & Amortization	202.82	188.37	168.89	169.4	164.58
Other Amortization	6.57	5.46	7.38	5.03	-
Loss (Gain) From Sale of Assets	-3.15	-0.21	-1.66	-0.54	-3.92
Asset Writedown & Restructuring Costs	-2.93	-4.6	-0.69	0.08	2.76
Stock-Based Compensation	34.91	45.2	48.87	55.76	36.08
Other Operating Activities	273.51	296.64	200.47	178.83	107.48
Change in Accounts Receivable	-26.22	184.06	-76.73	-83.39	-52.09
Change in Inventory	12.77	242.73	-285.41	-292.36	-405.61
Change in Accounts Payable	54.48	-105.42	-50.29	34.86	335.66
Change in Other Net Operating Assets	-7.41	-23.56	20.15	-14.54	5.75
Operating Cash Flow	1,120	1,334	641.78	649.41	689.4
Operating Cash Flow Growth	-16.09%	107.92%	-1.17%	-5.80%	-16.96%
Capital Expenditures	-86.41	-78.57	-105.23	-78.07	-69.47
Sale of Property, Plant & Equipment	11.05	7.49	9.18	7.69	8.39
Cash Acquisitions	-324.97	-112.02	-171.04	-80.94	9.35
Sale (Purchase) of Intangibles	-5.29	-4.41	-7.74	-5.82	-6.42
Investment in Securities	-	-	-	0.15	0.04
Investing Cash Flow	-405.62	-187.51	-274.83	-157	-58.12
Long-Term Debt Issued	250	-	400	400	40
Long-Term Debt Repaid	-470.8	-512.3	-105.8	-394.41	-283.15
Net Debt Issued (Repaid)	-220.8	-512.3	294.2	5.59	-243.15
Repurchase of Common Stock	-	-	-111.7	-133.2	-69.03
Common Dividends Paid	-298.08	-290.98	-269.69	-244	-198.07
Other Financing Activities	-215.38	-311.73	-271.31	-154.63	-99.12
Financing Cash Flow	-734.25	-1,115	-358.5	-526.24	-609.37
Foreign Exchange Rate Adjustments	1.45	-8.15	0.17	1.28	3.06
Net Cash Flow	-18.8	23.72	8.62	-32.55	24.98
Free Cash Flow	1,033	1,256	536.55	571.34	619.93
Free Cash Flow Growth	-17.73%	134.05%	-6.09%	-7.84%	-21.81%
Free Cash Flow Margin	11.81%	14.99%	6.03%	7.01%	8.54%
Free Cash Flow Per Share	35.62	43.31	18.16	18.47	20.01
Cash Interest Paid	41.95	38.29	37.8	86.64	68.01
Cash Income Tax Paid	249	204.81	259.87	244.02	219.73
Levered Free Cash Flow	600.16	970.39	155.15	309.81	498.87
Unlevered Free Cash Flow	679.83	1,066	248.97	363.96	541.37
Change in Working Capital	33.63	297.8	-392.28	-355.43	-116.29

Updated Nov 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.