Netcare Cash Flow Statement

Financials in millions ZAR. Fiscal year is October - September.

Millions ZAR. Fiscal year is Oct - Sep.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '25 Sep 30, 2025	Sep '24 Sep 30, 2024	Sep '23 Sep 30, 2023	Sep '22 Sep 30, 2022	Sep '21 Sep 30, 2021
Net Income	1,743	1,499	1,321	1,013	769
Depreciation & Amortization	1,294	1,293	1,232	1,161	1,139
Other Amortization	59	39	40	36	18
Loss (Gain) From Sale of Assets	29	-	-14	11	5
Asset Writedown & Restructuring Costs	30	38	130	11	73
Loss (Gain) From Sale of Investments	-13	2	13	-18	64
Stock-Based Compensation	124	130	98	41	26
Provision & Write-off of Bad Debts	198	205	114	112	157
Other Operating Activities	-320	4	2	-43	-161
Change in Accounts Receivable	-183	-512	-361	-114	-303
Change in Inventory	30	6	6	79	566
Change in Accounts Payable	457	63	133	273	-29
Change in Other Net Operating Assets	-	-	-8	-11	-
Operating Cash Flow	3,404	2,719	2,688	2,612	2,305
Operating Cash Flow Growth	25.19%	1.15%	2.91%	13.32%	-
Capital Expenditures	-1,503	-1,463	-1,443	-1,382	-1,132
Sale of Property, Plant & Equipment	35	40	101	35	36
Cash Acquisitions	-54	-	-	-	-
Divestitures	-1	-	-	-	-
Sale (Purchase) of Intangibles	-127	-56	-64	-14	-12
Investment in Securities	-11	92	-90	-21	-126
Other Investing Activities	193	233	190	134	208
Investing Cash Flow	-1,468	-1,154	-1,306	-1,248	-1,026
Long-Term Debt Issued	2,150	2,600	2,080	1,903	1,000
Total Debt Issued	2,150	2,600	2,080	1,903	1,000
Long-Term Debt Repaid	-2,176	-3,072	-1,400	-2,502	-2,278
Total Debt Repaid	-2,176	-3,072	-1,400	-2,502	-2,278
Net Debt Issued (Repaid)	-26	-472	680	-599	-1,278
Issuance of Common Stock	-	-	49	29	1
Repurchase of Common Stock	-855	-722	-510	-29	-
Common Dividends Paid	-957	-850	-808	-728	-
Other Financing Activities	-11	3	-10	2	8
Financing Cash Flow	-1,849	-2,041	-599	-1,325	-1,269
Net Cash Flow	87	-476	783	39	10
Free Cash Flow	1,901	1,256	1,245	1,230	1,173
Free Cash Flow Growth	51.35%	0.88%	1.22%	4.86%	-
Free Cash Flow Margin	7.22%	4.98%	5.25%	5.68%	5.53%
Free Cash Flow Per Share	1.53	0.97	0.93	0.91	0.87
Cash Interest Paid	1,176	1,190	970	828	812
Cash Income Tax Paid	758	345	374	439	618
Levered Free Cash Flow	1,693	929.25	805.13	1,247	1,141
Unlevered Free Cash Flow	2,418	1,683	1,431	1,764	1,669
Change in Working Capital	304	-443	-230	227	234

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