Newpark REIT Cash Flow Statement

Financials in millions ZAR. Fiscal year is March - February.

Millions ZAR. Fiscal year is Mar - Feb.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Feb '26 Feb 28, 2026	Feb '25 Feb 28, 2025	Feb '24 Feb 29, 2024	Feb '23 Feb 28, 2023	Feb '22 Feb 28, 2022
Net Income	87.38	36.14	-222.28	130.65	26.88
Depreciation & Amortization	0.18	0.19	0.19	0.19	0.23
Asset Writedown	-37.1	6.21	274.68	-65.87	24.32
Change in Accounts Receivable	-1.96	1.67	1.78	2.45	-6.52
Change in Accounts Payable	1.7	-11.99	-0.71	-13.65	3.79
Other Operating Activities	8.62	36.02	29.87	2.58	-4.57
Operating Cash Flow	58.82	68.24	83.52	56.35	48.83
Operating Cash Flow Growth	-13.80%	-18.29%	48.20%	15.40%	40.68%
Acquisition of Real Estate Assets	-0.92	-9.26	-34.44	-0.35	-0.15
Sale of Real Estate Assets	99.62	-	-	-	-
Net Sale / Acq. of Real Estate Assets	98.71	-9.26	-34.44	-0.35	-0.15
Investing Cash Flow	98.71	-9.26	-34.44	-0.35	-0.15
Long-Term Debt Issued	50.25	545.2	78.67	196.85	-
Long-Term Debt Repaid	-117.56	-544.7	-54.17	-196.85	-
Total Debt Repaid	-117.56	-544.7	-54.17	-196.85	-
Net Debt Issued (Repaid)	-67.31	0.5	24.5	-	-
Common Dividends Paid	-74.37	-65.37	-77.2	-50.25	-41.91
Net Cash Flow	15.85	-5.89	-3.62	5.76	6.77
Cash Interest Paid	33.84	45.92	41.93	39.86	46.59
Levered Free Cash Flow	41.9	19.49	36.04	19.15	21.25
Unlevered Free Cash Flow	68.57	48.19	62.97	44.16	50.37
Change in Working Capital	-0.26	-10.32	1.06	-11.2	-2.73