Nedbank Group 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	7,799	16,834	15,305	14,287	11,238
Depreciation & Amortization	2,553	2,553	2,275	2,224	2,305
Other Amortization	1,824	1,875	1,850	1,864	1,705
Gain (Loss) on Sale of Assets	25	20	66	-336	30
Gain (Loss) on Sale of Investments	16,930	9,143	10,472	8,781	8,792
Total Asset Writedown	991	147	337	91	469
Change in Trading Asset Securities	-24,117	-6,031	-13,909	33,071	25,948
Accrued Interest Receivable	1,214	186	1,871	1,955	754
Change in Other Net Operating Assets	-110,392	-95,061	-34,413	-115,934	-59,284
Other Operating Activities	-601	4,844	3,840	3,966	-57
Operating Cash Flow	-103,940	-67,511	-17,015	-54,289	-7,273
Capital Expenditures	-2,598	-4,623	-3,872	-3,176	-3,455
Sale of Property, Plant and Equipment	45	405	69	91	29
Cash Acquisitions	-1,582	-1,043	-	-	-
Investment in Securities	2,599	-243	214	120	1,376
Income (Loss) Equity Investments	-1,192	-1,313	-1,449	-879	-786
Divestitures	-	-	-	339	-
Investing Cash Flow	-1,536	-5,504	-3,589	-2,626	-2,050
Long-Term Debt Issued	14,210	12,587	4,842	1,424	6,579
Long-Term Debt Repaid	-12,755	-12,882	-9,932	-8,748	-9,233
Net Debt Issued (Repaid)	1,455	-295	-5,090	-7,324	-2,654
Repurchase of Common Stock	-3,264	-1,658	-5,044	-	-
Preferred Share Repurchases	-	-	-	-	-3,144
Common Dividends Paid	-10,507	-9,767	-8,615	-7,826	-2,178
Net Increase (Decrease) in Deposit Accounts	130,098	86,322	46,659	73,143	19,412
Other Financing Activities	-2,305	839	-1,147	-87	564
Financing Cash Flow	115,477	75,441	26,763	57,906	12,000
Foreign Exchange Rate Adjustments	-318	638	305	41	527
Net Cash Flow	9,683	3,064	6,464	1,032	3,204
Free Cash Flow	-106,538	-72,134	-20,887	-57,465	-10,728
Free Cash Flow Margin	-177.74%	-110.99%	-34.27%	-102.10%	-20.79%
Free Cash Flow Per Share	-224.73	-150.71	-42.69	-114.78	-21.68
Cash Interest Paid	81,990	81,754	71,171	41,565	34,273
Cash Income Tax Paid	6,044	5,886	5,627	4,960	5,599

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