KAL Group Cash Flow Statement

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

Millions ZAR. Fiscal year is Oct - Sep.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '25 Sep 30, 2025	Sep '24 Sep 30, 2024	Sep '23 Sep 30, 2023	Sep '22 Sep 30, 2022	Sep '21 Sep 30, 2021
Net Income	402.71	395.32	426.95	396.37	321.1
Depreciation & Amortization	158.38	173.59	154.59	123.91	95.36
Other Amortization	13.18	4.46	1.97	0.55	-
Loss (Gain) From Sale of Assets	-3.57	-0.69	-3.07	-4.72	-2.04
Asset Writedown & Restructuring Costs	41.35	-	15.27	-	-
Loss (Gain) From Sale of Investments	21.92	-	-	-	-
Stock-Based Compensation	-21.4	18.26	-0.24	0.17	5.67
Other Operating Activities	286.65	250.15	299.98	116.73	113.76
Change in Accounts Receivable	-45.13	126.57	87.99	-552.11	-291.74
Change in Inventory	-11.15	196.93	-32.45	-288.36	-109.42
Change in Accounts Payable	188.57	-274.93	-141.12	420.53	293.05
Operating Cash Flow	1,032	889.65	809.85	213.07	425.73
Operating Cash Flow Growth	15.95%	9.85%	280.08%	-49.95%	-13.90%
Capital Expenditures	-132.11	-153.97	-173.14	-217.57	-64.76
Sale of Property, Plant & Equipment	9.41	16.86	7.73	6.64	13.62
Cash Acquisitions	-13.16	-	-	-683.88	-59.28
Divestitures	42.52	-	-	455.95	-
Investing Cash Flow	-92.7	-136.56	-164.68	-427.38	-109.6
Short-Term Debt Issued	-	148.96	3.62	262.92	-
Long-Term Debt Issued	-	-	-	725	-
Total Debt Issued	-	148.96	3.62	987.92	-
Short-Term Debt Repaid	-170.29	-	-	-	-50.44
Long-Term Debt Repaid	-323.84	-313.1	-251.88	-130.15	-56.86
Total Debt Repaid	-494.13	-313.1	-251.88	-130.15	-107.31
Net Debt Issued (Repaid)	-494.13	-164.14	-248.27	857.77	-107.31
Issuance of Common Stock	-	21.46	-	-	-
Repurchase of Common Stock	-	-	-12.5	-19.87	-
Common Dividends Paid	-127.83	-129.97	-120.91	-110.54	-63.25
Other Financing Activities	-330.86	-452.81	-337.05	-205.12	-128.86
Financing Cash Flow	-952.82	-725.46	-718.73	522.25	-299.41
Net Cash Flow	-14	27.63	-73.56	307.95	16.72
Free Cash Flow	899.41	735.68	636.72	-4.5	360.97
Free Cash Flow Growth	22.25%	15.54%	-	-	1.50%
Free Cash Flow Margin	4.43%	3.38%	2.84%	-0.03%	3.41%
Free Cash Flow Per Share	12.74	10.46	9.00	-0.06	5.08
Cash Interest Paid	241.7	255.86	271.13	143.4	97.77
Cash Income Tax Paid	223.97	225.03	211.79	225.56	130.69
Levered Free Cash Flow	466.57	357.5	92.44	-12	190.01
Unlevered Free Cash Flow	616.37	517.05	261.89	77.62	251.11
Change in Working Capital	132.3	48.56	-85.59	-419.93	-108.1

Source: S&P Global Market Intelligence. Standard template. Financial Sources.