Kumba Iron Ore Cash Flow Statement

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

Millions ZAR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	14,611	14,699	22,725	14,968	33,266
Depreciation & Amortization	6,165	4,957	5,005	5,020	5,050
Loss (Gain) From Sale of Assets	232	-1	-1	74	-10
Asset Writedown & Restructuring Costs	-	-3,184	-	5,411	-
Stock-Based Compensation	238	155	211	216	212
Provision & Write-off of Bad Debts	28	-	-	-	-
Other Operating Activities	5,644	4,937	8,805	4,567	10,123
Change in Accounts Receivable	-1,527	5,281	-4,260	2,618	1,552
Change in Inventory	-720	2,283	-4,629	-4,641	-1,538
Change in Accounts Payable	2,430	132	1,449	-442	289
Operating Cash Flow	27,101	29,259	29,305	27,791	48,944
Operating Cash Flow Growth	-7.38%	-0.16%	5.45%	-43.22%	59.63%
Capital Expenditures	-10,031	-6,435	-8,274	-8,572	-4,528
Sale of Property, Plant & Equipment	141	50	12	23	44
Investment in Securities	-	-	-	-	-60
Other Investing Activities	-	-3,238	-1,588	-2,512	-1,725
Investing Cash Flow	-9,890	-9,623	-9,850	-11,061	-6,269
Short-Term Debt Issued	12,000	39,852	11,200	6,716	-
Total Debt Issued	12,000	39,852	11,200	6,716	-
Short-Term Debt Repaid	-14,000	-41,986	-13,782	-	-
Long-Term Debt Repaid	-127	-165	-177	-158	-139
Total Debt Repaid	-14,127	-42,151	-13,959	-158	-139
Net Debt Issued (Repaid)	-2,127	-2,299	-2,759	6,558	-139
Repurchase of Common Stock	-310	-241	-223	-232	-220
Common Dividends Paid	-11,756	-13,840	-12,529	-19,067	-36,718
Other Financing Activities	-3,757	-4,302	-3,894	-5,926	-11,490
Financing Cash Flow	-17,950	-20,682	-19,405	-18,667	-48,567
Foreign Exchange Rate Adjustments	-1,057	237	1,248	436	1,110
Net Cash Flow	-1,796	-809	1,298	-1,501	-4,782
Free Cash Flow	17,070	22,824	21,031	19,219	44,416
Free Cash Flow Growth	-25.21%	8.53%	9.43%	-56.73%	62.00%
Free Cash Flow Margin	24.04%	33.31%	24.39%	25.96%	43.51%
Free Cash Flow Per Share	53.08	70.95	65.37	59.75	138.01
Cash Interest Paid	-	471	770	325	175
Cash Income Tax Paid	-	5,878	8,856	7,132	16,602
Levered Free Cash Flow	13,766	18,005	16,254	15,635	39,791
Unlevered Free Cash Flow	14,333	18,248	16,600	15,873	39,900
Change in Working Capital	183	7,696	-7,440	-2,465	303

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