Safari Investments RSA Limited (JSE:SAR)

Safari Investments RSA Cash Flow Statement

Financials in millions ZAR. Fiscal year is July - June.

Fiscal Year	FY 2025	FY 2024	FY 2024	FY 2023	FY 2022
Period Ending	Jun 30, 2025	Jun 30, 2024	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Net Income	554.85	321.88	328.22	322.91	253.74
Depreciation & Amortization	1.1	1	-	1.26	1.28
Other Amortization	6.08	7.37	-	-	-
Gain (Loss) on Sale of Assets	4.07	14.67	-	-	-
Gain (Loss) on Sale of Investments	0.16	2.77	-	-	-
Asset Writedown	-369.01	-179.45	-	-160.16	-111.94
Stock-Based Compensation	1.52	1.53	-	1.1	-0.47
Change in Accounts Receivable	-12.53	-10.25	-	-4.39	-5.69
Change in Accounts Payable	21.64	21.47	-	1.89	0.32
Other Operating Activities	-2.62	9.83	-126.52	2.77	0.12
Operating Cash Flow	225.21	204.68	201.71	195.55	183.34
Operating Cash Flow Growth	10.03%	1.47%	3.15%	6.66%	53.39%
Acquisition of Real Estate Assets	-90.38	-79.3	-89.41	-88.36	-32.82
Sale of Real Estate Assets	-	-	-	12	-
Net Sale / Acq. of Real Estate Assets	-90.38	-79.3	-89.41	-76.36	-32.82
Investment in Marketable & Equity Securities	-0.32	-	-	-	-1.5
Other Investing Activities	-	-	-	47.5	1.83
Investing Cash Flow	-91.31	-79.3	-89.41	-28.87	-32.49
Long-Term Debt Issued	567.49	-	430.42	492.65	351.31
Total Debt Issued	567.49	401.36	430.42	492.65	351.31
Long-Term Debt Repaid	-456.51	-	-379.77	-486.13	-371.2
Total Debt Repaid	-456.51	-388.41	-379.77	-486.13	-371.2
Net Debt Issued (Repaid)	110.98	12.95	50.65	6.52	-19.89
Repurchase of Common Stock	-	-8.44	-5.24	-1.84	-
Common Dividends Paid	-209.62	-127.59	-159.49	-167.59	-128.91
Net Cash Flow	35.26	2.29	-1.78	3.78	2.05
Cash Interest Paid	133.73	122.93	119.43	104.37	99.99
Cash Income Tax Paid	0.41	0.24	0.26	0.73	0.76
Levered Free Cash Flow	-209.45	-	124.37	132.15	-47.55
Unlevered Free Cash Flow	-125.52	-	208.53	189.61	-1.08
Change in Working Capital	20.7	25.07	-	27.67	40.6

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.