Redefine Properties Cash Flow Statement

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

Millions ZAR. Fiscal year is Sep - Aug.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	2016 - 2020
Period Ending	Aug '25 Aug 31, 2025	Aug '24 Aug 31, 2024	Aug '23 Aug 31, 2023	Aug '22 Aug 31, 2022	Aug '21 Aug 31, 2021	2016 - 2020
Net Income	4,128	3,969	1,447	8,691	2,731	Upgrade
Depreciation & Amortization	-	26.47	22.98	19.99	43.79	Upgrade
Gain (Loss) on Sale of Assets	-	-	-	-43.19	-13.37	Upgrade
Gain (Loss) on Sale of Investments	-	-276.09	0	-19.46	-895.08	Upgrade
Asset Writedown	-	-	-	-1,624	1,619	Upgrade
Stock-Based Compensation	-	18.27	34.19	6.66	8.47	Upgrade
Income (Loss) on Equity Investments	170.4	133.35	-523.4	-2,026	-275.04	Upgrade
Change in Accounts Receivable	11.08	158.26	-166.6	65.07	-214.44	Upgrade
Change in Accounts Payable	-119.16	303.05	-161.62	-240.18	332.91	Upgrade
Change in Other Net Operating Assets	-276.71	-691.97	-435.61	-	-	Upgrade
Other Operating Activities	-445.83	-558.74	2,218	-2,074	-1,178	Upgrade
Net Cash from Discontinued Operations	-	-	-	-	20	Upgrade
Operating Cash Flow	3,468	2,929	2,586	2,627	2,293	Upgrade
Operating Cash Flow Growth	18.39%	13.27%	-1.57%	14.56%	-14.08%	Upgrade
Acquisition of Real Estate Assets	-1,941	-3,616	-1,694	-1,244	-944.98	Upgrade
Sale of Real Estate Assets	1,134	388.4	1,412	4,815	4,971	Upgrade
Net Sale / Acq. of Real Estate Assets	-807.08	-3,227	-282.41	3,571	4,026	Upgrade
Cash Acquisition	-	-249.69	-13.05	1,003	-	Upgrade
Investment in Marketable & Equity Securities	351.98	742.28	-443.26	439.37	-393.45	Upgrade
Other Investing Activities	-69.17	-15.91	-310.28	2,468	-70.5	Upgrade
Investing Cash Flow	-157.86	-2,667	-1,390	8,373	3,839	Upgrade
Long-Term Debt Issued	4,853	21,234	4,154	8,299	6,372	Upgrade
Long-Term Debt Repaid	-5,074	-18,114	-3,647	-15,148	-11,245	Upgrade
Net Debt Issued (Repaid)	-220.95	3,120	507.27	-6,850	-4,873	Upgrade
Issuance of Common Stock	895.31	-	-	1,246	-	Upgrade
Common Dividends Paid	-2,931	-2,954	-2,674	-4,866	-	Upgrade
Other Financing Activities	3.75	-407.65	-5.04	-118.57	-134.8	Upgrade
Foreign Exchange Rate Adjustments	-25.31	-251.11	-28.91	4.52	0.39	Upgrade
Miscellaneous Cash Flow Adjustments	-	-	-	-7.95	-	Upgrade
Net Cash Flow	1,032	-230.38	-1,004	408.96	1,124	Upgrade
Cash Interest Paid	-	3,848	3,107	2,473	2,391	Upgrade
Cash Income Tax Paid	-	84.28	71.66	272.19	532.32	Upgrade
Levered Free Cash Flow	1,455	670.27	20,897	1,240	4,824	Upgrade
Unlevered Free Cash Flow	3,913	3,106	22,869	2,721	6,314	Upgrade
Change in Working Capital	-384.79	-230.66	-763.83	-175.11	118.46	Upgrade

Updated Feb 28, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.