Momentum Group Cash Flow Statement

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

Millions ZAR. Fiscal year is Jul - Jun.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '25 Jun 30, 2025	Jun '24 Jun 30, 2024	Jun '23 Jun 30, 2023	Jun '22 Jun 30, 2022	Jun '21 Jun 30, 2021
Net Income	5,978	3,847	3,104	3,711	451
Depreciation & Amortization	549	570	582	599	668
Other Amortization	76	76	75	300	506
Gain (Loss) on Sale of Assets	-	-	112	-	-150
Gain (Loss) on Sale of Investments	-9	-	-584	-246	38
Stock-Based Compensation	26	39	52	52	46
Change in Accounts Receivable	17,357	13,224	-1,127	-1,563	-1,173
Reinsurance Recoverable	1,682	2,709	6,067	-7,916	-430
Change in Insurance Reserves / Liabilities	62,651	45,961	60,215	15,283	47,804
Change in Other Net Operating Assets	-81,088	-62,782	-52,528	-15,977	-39,774
Other Operating Activities	-2,725	-5,883	-6,544	-884	771
Operating Cash Flow	4,447	-1,802	10,134	-5,610	9,083
Operating Cash Flow Growth	-	-	-	-	60.45%
Capital Expenditures	-361	-322	-276	-535	-475
Sale of Property, Plant & Equipment	28	36	21	-	31
Purchase / Sale of Intangible Assets	-55	-68	-104	-58	-72
Cash Acquisitions	-223	-270	-18	-64	-214
Investment in Securities	-408	-205	-9	-278	-457
Other Investing Activities	-175	58	-289	187	-13
Investing Cash Flow	-1,194	-771	-704	-748	-1,279
Long-Term Debt Issued	1,261	1,162	206	2,059	9,466
Total Debt Issued	1,261	1,162	206	2,059	9,466
Total Debt Repaid	-967	-1,170	-2,430	-1,413	-8,890
Net Debt Issued (Repaid)	294	-8	-2,224	646	576
Issuance of Common Stock	-	-	-	364	477
Repurchases of Common Stock	-2,403	-1,000	-1,250	-332	-619
Issuance of Preferred Stock	1,000	-	-	38	-
Repurchases of Preferred Stock	-	-11	-	-62	-
Common Dividends Paid	-2,021	-1,773	-1,594	-735	-365
Other Financing Activities	3,183	6,534	1,290	-971	-379
Financing Cash Flow	53	3,742	-3,778	-1,052	-310
Foreign Exchange Rate Adjustments	-178	-229	710	-692	-1,111
Net Cash Flow	3,128	940	6,362	-8,102	6,383
Free Cash Flow	4,086	-2,124	9,858	-6,145	8,608
Free Cash Flow Growth	-	-	-	-	65.48%
Free Cash Flow Margin	6.62%	-3.83%	17.83%	-8.73%	7.92%
Free Cash Flow Per Share	2.98	-1.51	6.79	-4.21	5.98
Cash Interest Paid	2,453	2,075	2,744	1,986	1,604
Cash Income Tax Paid	5,275	5,487	4,076	3,484	2,588
Levered Free Cash Flow	-14,083	22,379	-70,560	125,579	-22,456
Unlevered Free Cash Flow	-12,760	23,570	-68,928	127,034	-21,446
Change in Working Capital	602	-888	12,627	-10,173	6,427

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.