Metair Investments 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	-451.92	-4,164	95.54	-40.39	674.79
Depreciation & Amortization	553.13	451.96	426.07	357.67	288.37
Other Amortization	60.51	18.65	14.44	15.28	13.63
Loss (Gain) From Sale of Assets	-4.61	15.69	-19.7	0.97	-0.21
Asset Writedown & Restructuring Costs	16.12	89.44	180.92	-4.25	10.9
Loss (Gain) on Equity Investments	-44.19	-31.74	10.06	239.4	51.88
Stock-Based Compensation	19.09	20.39	-27.06	18.69	18.61
Other Operating Activities	822.76	-870.33	-560.03	-378.91	33.96
Change in Accounts Receivable	-149.68	-328.67	701.39	-867.03	-780.28
Change in Inventory	573.18	546.17	-397.77	-473.08	-677.85
Change in Accounts Payable	-216.18	586.66	-275.67	678.88	587.1
Operating Cash Flow	1,178	167.44	112.01	-447.65	220.91
Operating Cash Flow Growth	603.68%	49.49%	-	-	-71.70%
Capital Expenditures	-390.65	-448.73	-576.1	-424.72	-439.69
Sale of Property, Plant & Equipment	26.13	20.02	31.12	10.61	2.6
Cash Acquisitions	-30.5	-193.52	-	-	-
Divestitures	-	-102	-	-	-
Sale (Purchase) of Intangibles	-99.58	-17.04	-25.07	-30.81	-10.96
Investment in Securities	-	-	-	8.43	-
Other Investing Activities	-121.24	-597.95	45.38	-163.69	32.43
Investing Cash Flow	-615.84	-1,339	-524.67	-600.18	-415.62
Short-Term Debt Issued	-	1,815	-	-	-
Long-Term Debt Issued	4,860	1,681	1,502	2,293	475.81
Total Debt Issued	4,860	3,496	1,502	2,293	475.81
Long-Term Debt Repaid	-4,971	-1,119	-1,347	-971.12	-484.83
Net Debt Issued (Repaid)	-110.14	2,377	155.42	1,322	-9.02
Repurchase of Common Stock	-1.71	-0.3	-	-	-
Common Dividends Paid	-	-	-	-192.1	-155.36
Other Financing Activities	-67.26	-	-	-1.67	-1.3
Financing Cash Flow	-179.12	1,537	155.42	1,128	-165.68
Foreign Exchange Rate Adjustments	20.53	-123.23	-156.45	-61.66	-242.84
Net Cash Flow	403.8	241.74	-413.7	18.42	-603.23
Free Cash Flow	787.57	-281.29	-464.09	-872.37	-218.78
Free Cash Flow Margin	4.41%	-2.47%	-3.85%	-6.27%	-1.73%
Free Cash Flow Per Share	4.05	-1.43	-2.35	-4.51	-1.12
Cash Interest Paid	577.61	1,120	779.3	391.3	183.39
Cash Income Tax Paid	172.83	191.56	235.23	269.1	251.36
Levered Free Cash Flow	-55.54	1,569	-162.77	-984.76	119.36
Unlevered Free Cash Flow	321.19	1,781	20.23	-740.03	224.02
Change in Working Capital	207.32	804.16	27.95	-661.23	-871.02

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