ISA Holdings Cash Flow Statement

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

Millions ZAR. Fiscal year is Mar - Feb.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug '25 Aug 31, 2025	Feb '25 Feb 28, 2025	Feb '24 Feb 29, 2024	Feb '23 Feb 28, 2023	Feb '22 Feb 28, 2022	Feb '21 Feb 28, 2021
Net Income	27.5	26.05	29.54	21.87	16.35	12.95
Depreciation & Amortization	0.83	0.83	0.41	0.49	0.24	0.33
Loss (Gain) From Sale of Assets	-0.14	-0.14	-	-	-	-0.1
Loss (Gain) From Sale of Investments	-	-	-	-	-	0.1
Loss (Gain) on Equity Investments	-6.15	-6.15	-12.58	-7.71	-1.6	-2.73
Other Operating Activities	-0.26	-2.42	-0.8	-4.34	-0.41	3.37
Change in Accounts Receivable	2.5	2.5	1.45	-1.12	-9.69	7.51
Change in Inventory	-	-	-	-	-	2.04
Change in Accounts Payable	4.7	4.7	4.87	4.31	1.82	-12.18
Operating Cash Flow	28.97	25.37	22.88	13.51	6.71	11.28
Operating Cash Flow Growth	26.95%	10.89%	69.28%	101.43%	-40.52%	-39.92%
Capital Expenditures	-0	-0.25	-0.46	-1.51	-0.11	-0.11
Sale of Property, Plant & Equipment	-	-	-	0.01	-	0.11
Other Investing Activities	-	-	-	4	1.5	1
Investing Cash Flow	0.03	-0.22	-0.42	2.5	1.39	1
Common Dividends Paid	-26.16	-17.58	-24.43	-34.41	-11.66	-7.8
Dividends Paid	-26.16	-17.58	-24.43	-34.41	-11.66	-7.8
Financing Cash Flow	-26.16	-17.58	-24.43	-34.41	-11.66	-7.8
Foreign Exchange Rate Adjustments	0.99	0.01	0.07	3.01	1.64	-1.15
Miscellaneous Cash Flow Adjustments	-	-	-	0.01	-	-
Net Cash Flow	3.83	7.57	-1.91	-15.37	-1.92	3.33
Free Cash Flow	28.97	25.12	22.42	12	6.6	11.17
Free Cash Flow Growth	29.22%	12.03%	86.80%	81.81%	-40.88%	-40.06%
Free Cash Flow Margin	20.49%	21.34%	22.24%	15.88%	8.83%	16.59%
Free Cash Flow Per Share	0.19	0.16	0.14	0.08	0.04	0.07
Cash Income Tax Paid	1.42	8.83	5.56	5.76	5.29	2.64
Levered Free Cash Flow	-	21.6	18.31	10.55	4.74	7.11
Unlevered Free Cash Flow	-	21.6	18.32	10.55	4.74	7.11
Change in Working Capital	7.19	7.19	6.31	3.2	-7.87	-2.64

Updated Aug 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.