Libstar Holdings 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	-0.41	-321.56	226.52	-5.17	157.95
Depreciation & Amortization	442.89	441.76	424.36	466.94	471
Other Amortization	5.43	14	5.59	8.51	12.99
Loss (Gain) From Sale of Assets	23.67	6.68	-6.25	1.17	5.88
Asset Writedown & Restructuring Costs	232.21	548.89	143	307.63	102.56
Loss (Gain) From Sale of Investments	-	-	-	0.5	-
Stock-Based Compensation	4.16	0.66	-6.54	-5.95	0.12
Provision & Write-off of Bad Debts	-	7.42	0.52	4.2	-1.96
Other Operating Activities	55.22	109.34	-103.19	28.26	27.81
Change in Accounts Receivable	-130.45	-66.96	-169.15	-167.42	39.29
Change in Inventory	62.14	-164.26	-136.09	-187.56	-172.86
Change in Accounts Payable	67.09	42.21	31.36	78.2	140.26
Operating Cash Flow	747.98	484.96	426.25	528.72	786.06
Operating Cash Flow Growth	54.24%	13.77%	-19.38%	-32.74%	23.24%
Capital Expenditures	-192.69	-129.55	-174.91	-298.84	-226.4
Sale of Property, Plant & Equipment	7.44	9.09	21.04	12.2	0.93
Cash Acquisitions	-	-	-	-102.1	-
Divestitures	-1.22	-	-	0.96	-
Investment in Securities	18.5	46.56	-	-	-
Other Investing Activities	0.36	0.01	73.47	-	6.36
Investing Cash Flow	-167.61	-73.89	-80.4	-387.77	-219.11
Long-Term Debt Issued	-	-	130	-	-
Total Debt Issued	-	-	130	-	-
Short-Term Debt Repaid	-100	-	-	-	-2.12
Long-Term Debt Repaid	-394.98	-240.95	-384.65	-334.78	-758.65
Total Debt Repaid	-494.98	-240.95	-384.65	-334.78	-760.77
Net Debt Issued (Repaid)	-494.98	-240.95	-254.65	-334.78	-760.77
Common Dividends Paid	-89.37	-89.37	-131.65	-149.61	-149.61
Financing Cash Flow	-584.35	-330.32	-386.3	-484.38	-910.38
Foreign Exchange Rate Adjustments	-0.98	14.87	-11.47	-	-
Net Cash Flow	-4.97	95.62	-51.92	-343.43	-343.43
Free Cash Flow	555.29	355.41	251.34	229.88	559.65
Free Cash Flow Growth	56.24%	41.40%	9.34%	-58.92%	80.66%
Free Cash Flow Margin	4.50%	3.12%	2.20%	1.95%	5.27%
Free Cash Flow Per Share	0.93	0.60	0.42	0.39	0.94
Cash Interest Paid	209.46	243.95	240.68	120.44	128.73
Cash Income Tax Paid	89.81	92.65	119.56	91.64	146.5
Levered Free Cash Flow	585.77	367.95	161.06	263.03	336.62
Unlevered Free Cash Flow	716.11	515.15	307.26	372.92	455.98
Change in Working Capital	-1.21	-189.02	-273.88	-276.78	6.69

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