Merafe Resources Limited (JSE:MRF)
South Africa · Delayed Price · Currency is ZAR · Price in ZAc 143.00
+3.00 (2.14%)
Aug 17, 2026, 2:08 PM SAST
Merafe Resources Cash Flow Statement
Financials in millions ZAR. Fiscal year is January - December.
Millions ZAR. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 | 421.5 | 142.59 | 667.21 | 1,753 | 1,410 | 1,674 |
Depreciation & Amortization | 185.97 | 201.35 | 354.41 | 249.32 | 219.47 | 111.19 |
Loss (Gain) From Sale of Assets | -0.28 | -0.41 | -19.71 | 0.03 | -0.65 | -0.12 |
Asset Writedown & Restructuring Costs | 125.42 | 222.29 | 575.43 | - | 0.24 | 5.82 |
Loss (Gain) on Equity Investments | -7.71 | -13.17 | -20.12 | -19.08 | -3.94 | -0.61 |
Stock-Based Compensation | -1.52 | -12.42 | -0.66 | 0.99 | 10.56 | 7.64 |
Other Operating Activities | -10.21 | 327.64 | -185.31 | -239.5 | 183.65 | 24 |
Change in Accounts Receivable | -306.02 | 23.06 | 382.36 | -417.13 | 622.57 | -648.37 |
Change in Inventory | 1,123 | -108.39 | 42.69 | 454.17 | -721.65 | -242.91 |
Change in Accounts Payable | 65.68 | -172.73 | -52.17 | 97.58 | -22.56 | 225.63 |
Operating Cash Flow | 1,596 | 609.8 | 1,744 | 1,879 | 1,698 | 1,156 |
Operating Cash Flow Growth | 123.05% | -65.04% | -7.19% | 10.70% | 46.87% | 133.38% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Capital Expenditures | -417.07 | -446.52 | -662.19 | -671.37 | -484.24 | -490.24 |
Sale of Property, Plant & Equipment | 0.96 | 1.1 | 8.54 | - | 0.7 | 0.37 |
Other Investing Activities | -457.58 | -8.12 | -131.84 | - | -14.23 | - |
Investing Cash Flow | -873.7 | -453.54 | -785.49 | -671.37 | -497.77 | -489.87 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Long-Term Debt Repaid | - | -1.15 | -3.19 | -3.88 | -4.13 | -4.21 |
Net Debt Issued (Repaid) | -1.25 | -1.15 | -3.19 | -3.88 | -4.13 | -4.21 |
Repurchase of Common Stock | - | - | - | - | - | -5.77 |
Common Dividends Paid | -299.9 | -300.04 | -1,050 | -824.71 | -849.7 | -174.94 |
Other Financing Activities | - | - | - | - | - | -0.03 |
Financing Cash Flow | -301.14 | -301.19 | -1,053 | -828.6 | -853.83 | -184.96 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Foreign Exchange Rate Adjustments | - | - | - | 7.84 | -49.62 | 213.4 |
Net Cash Flow | 421.26 | -144.92 | -94.18 | 387.21 | 296.47 | 694.5 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Free Cash Flow | 1,179 | 163.28 | 1,082 | 1,208 | 1,213 | 665.69 |
Free Cash Flow Growth | 1043.62% | -84.91% | -10.43% | -0.45% | 82.29% | 337.03% |
Free Cash Flow Margin | 17.47% | 2.80% | 12.81% | 13.07% | 15.29% | 8.26% |
Free Cash Flow Per Share | 0.47 | 0.07 | 0.43 | 0.48 | 0.49 | 0.27 |
Levered Free Cash Flow | 602.01 | -42 | 551.46 | 693.79 | 848.27 | 362.93 |
Unlevered Free Cash Flow | 602.26 | -41.93 | 551.56 | 694.74 | 848.4 | 362.99 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Cash Interest Paid | 1.97 | 1.97 | 2.16 | 3.9 | 3.36 | 2.12 |
Cash Income Tax Paid | 113.67 | 113.67 | 356.37 | 570.66 | 456.86 | 431.11 |
Change in Working Capital | 882.93 | -258.06 | 372.88 | 134.61 | -121.64 | -665.66 |