Labat Africa Cash Flow Statement

Financials in millions ZAR. Fiscal year is June - May.

Millions ZAR. Fiscal year is Jun - May.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov '25 Nov 30, 2025	May '25 May 31, 2025	May '24 May 31, 2024	May '23 May 31, 2023	May '22 May 31, 2022	Aug '21 Aug 31, 2021
Net Income	154.76	117.87	-25.8	-86.9	-48.11	-22.77
Depreciation & Amortization	3.83	5.15	5.61	18.69	16.89	26.2
Other Amortization	3.28	3.28	3.28	3.65	4.53	4.14
Asset Writedown & Restructuring Costs	-	-	-	55.43	2.31	-
Other Operating Activities	-134.61	-141.43	19.9	-3.37	2.96	-9.34
Change in Accounts Receivable	-	-	-	-1.31	1.05	8.24
Change in Inventory	-	-	-	-0.88	-0.42	-0.43
Change in Accounts Payable	-	-	-	9.68	7.02	-1.01
Change in Unearned Revenue	-	-	-	-0.24	-2.41	3.99
Change in Other Net Operating Assets	-	-	-	-	-	-14.24
Operating Cash Flow	27.26	-15.13	2.99	-5.24	-16.17	-5.22
Operating Cash Flow Growth	329.90%	-	-	-	-	-
Capital Expenditures	-0.61	-0.65	-0.05	-0.52	-0.11	-0.15
Cash Acquisitions	-4.27	-4.27	-	-	-13.89	0.04
Sale (Purchase) of Intangibles	-0.52	-0.52	-	-1.52	-1.56	-1.56
Other Investing Activities	-0.22	-	-0.4	-1.01	-0.06	-2.7
Investing Cash Flow	-5.61	-5.43	-0.45	-3.05	-15.61	-4.37
Short-Term Debt Issued	-	-	-	-	-	1.25
Long-Term Debt Issued	-	23.02	-	-	-	-
Total Debt Issued	23.02	23.02	-	-	-	1.25
Short-Term Debt Repaid	-	-	-	-0.67	-	-6.18
Long-Term Debt Repaid	-	-2.02	-2.41	-1.05	-	-1.22
Total Debt Repaid	-51.52	-2.02	-2.41	-1.72	-10.13	-7.39
Net Debt Issued (Repaid)	-28.5	21	-2.41	-1.72	-10.13	-6.14
Issuance of Common Stock	-	-	-	10.07	26.32	21.17
Financing Cash Flow	-28.5	21	-2.41	8.35	16.19	15.03
Miscellaneous Cash Flow Adjustments	0	-	-0	-	-	-
Net Cash Flow	-6.84	0.44	0.13	0.06	-15.6	5.44
Free Cash Flow	26.66	-15.78	2.94	-5.76	-16.28	-5.37
Free Cash Flow Growth	324.44%	-	-	-	-	-
Free Cash Flow Margin	8.41%	-7.91%	6.06%	-11.63%	-52.98%	-18.35%
Free Cash Flow Per Share	0.02	-0.01	0.01	-0.01	-0.03	-0.01
Cash Interest Paid	1.54	1.28	0.73	0.95	1.05	0.95
Cash Income Tax Paid	-	-	-	-0	-	-
Levered Free Cash Flow	-203.65	-217.94	8.6	6.66	-	-3.57
Unlevered Free Cash Flow	-202.43	-216.81	9.51	7.67	-	-2.7
Change in Working Capital	-	-	-	7.26	5.25	-3.45

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