RFG Holdings 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 28, 2025	Sep '24 Sep 28, 2024	Oct '23 Oct 1, 2023	Oct '22 Oct 2, 2022	Sep '21 Sep 26, 2021
Net Income	445.43	565.69	476.6	360.68	216.15
Depreciation & Amortization	337.62	305.72	298.65	243.77	239.77
Other Amortization	0.1	0.1	0.09	0.06	0.01
Loss (Gain) From Sale of Assets	-1.77	2.27	0.68	0.79	3.24
Asset Writedown & Restructuring Costs	97.51	1.47	15.53	7.74	1.35
Loss (Gain) From Sale of Investments	0.18	6.83	-	-	-
Loss (Gain) on Equity Investments	-0.18	0.03	0.52	-1.32	-0.46
Stock-Based Compensation	53.3	33.52	26.07	7.69	5.91
Other Operating Activities	-127.75	94.16	8.17	-21.42	-7.15
Change in Accounts Receivable	22.04	-212.9	12.19	-62.72	-107.77
Change in Inventory	-180.37	-59.47	-125.58	-144.56	-134.48
Change in Accounts Payable	25.01	66.69	68.96	1.33	144.96
Change in Other Net Operating Assets	-14.54	-11.37	23.15	34.15	-15.21
Operating Cash Flow	655.35	792.01	804.57	427.37	347.66
Operating Cash Flow Growth	-17.26%	-1.56%	88.26%	22.93%	-30.08%
Capital Expenditures	-375.53	-323.82	-288.41	-259.86	-221.52
Sale of Property, Plant & Equipment	4.51	0.67	0.72	8.17	28.6
Cash Acquisitions	-	-	-	-53.73	-
Sale (Purchase) of Intangibles	-	-0.04	-	-0.14	-0.3
Investing Cash Flow	-368.55	-327.59	-287.68	-307.55	-197.64
Short-Term Debt Issued	152.3	133.91	-	-	98.49
Long-Term Debt Issued	-	-	-	150	75
Total Debt Issued	152.3	133.91	-	150	173.49
Short-Term Debt Repaid	-	-	-98.8	-46.22	-
Long-Term Debt Repaid	-256.74	-272.69	-262.63	-127.32	-245.79
Total Debt Repaid	-256.74	-272.69	-361.42	-173.54	-245.79
Net Debt Issued (Repaid)	-104.44	-138.78	-361.42	-23.54	-72.3
Repurchase of Common Stock	-	-11.05	-9.43	-8.26	-
Common Dividends Paid	-368	-162.15	-119.82	-76.14	-75.35
Other Financing Activities	-	-	-1.9	-4.9	-5.36
Financing Cash Flow	-472.45	-311.97	-492.57	-112.83	-153.01
Net Cash Flow	-185.65	152.44	24.32	6.98	-2.99
Free Cash Flow	279.81	468.19	516.16	167.5	126.14
Free Cash Flow Growth	-40.23%	-9.29%	208.15%	32.79%	-62.64%
Free Cash Flow Margin	3.44%	5.85%	6.54%	2.31%	2.12%
Free Cash Flow Per Share	1.06	1.77	1.97	0.64	0.48
Cash Interest Paid	66.36	81.58	99.16	90.5	73.34
Cash Income Tax Paid	211.12	109.29	171.79	155.58	90.53
Levered Free Cash Flow	265.55	362.07	453	23.84	69.17
Unlevered Free Cash Flow	308.12	413.91	515.1	79.6	114.88
Change in Working Capital	-147.87	-217.05	-21.29	-171.8	-112.5

Updated Sep 28, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.