Standard Bank Group Cash Flow Statement

Financials in millions ZAR. Fiscal year is January - December.

Millions ZAR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	51,215	45,818	45,973	35,242	25,690
Depreciation & Amortization	4,517	4,503	4,812	4,641	4,488
Other Amortization	2,178	2,479	2,491	2,674	2,792
Gain (Loss) on Sale of Investments	-	-	-	-	-695
Total Asset Writedown	-	-	-	-	283
Provision for Credit Losses	-	-	-	-	9,468
Change in Trading Asset Securities	-97,478	-116,466	-10,026	-25,257	-12,471
Change in Other Net Operating Assets	-200,406	-78,386	-175,955	-107,596	-119,261
Other Operating Activities	14,086	27,355	59,166	16,650	20,256
Operating Cash Flow	-225,888	-114,697	-73,539	-73,646	-69,935
Capital Expenditures	-4,732	-3,851	-5,522	-3,695	-2,981
Sale of Property, Plant and Equipment	708	677	438	314	576
Cash Acquisitions	-	-	-	-	-120
Investment in Securities	209	-139	-264	-127	-188
Income (Loss) Equity Investments	-	-	-	-	-1,094
Divestitures	-	-	-	-4	7
Purchase / Sale of Intangibles	-737	-827	-703	-1,088	-1,968
Investing Cash Flow	-4,552	-4,140	-6,051	-4,600	-4,674
Long-Term Debt Issued	9,816	12,388	5,639	3,425	3,166
Long-Term Debt Repaid	-9,441	-11,686	-7,417	-3,792	-3,545
Net Debt Issued (Repaid)	375	702	-1,778	-367	-379
Issuance of Common Stock	5,745	1,574	4,540	7,217	3,529
Repurchase of Common Stock	-4,539	-5,913	-443	-3,544	-
Common Dividends Paid	-30,995	-28,932	-	-	-
Total Dividends Paid	-30,995	-28,932	-27,892	-21,597	-12,073
Net Increase (Decrease) in Deposit Accounts	268,318	174,048	142,544	138,933	112,075
Other Financing Activities	-508	-193	-1,223	-2,964	-427
Financing Cash Flow	238,396	141,286	115,748	117,678	102,725
Foreign Exchange Rate Adjustments	-2,548	-11,270	-16,903	-5,960	4,795
Net Cash Flow	5,408	11,179	19,255	33,472	32,911
Free Cash Flow	-230,620	-118,548	-79,061	-77,341	-72,916
Free Cash Flow Margin	-127.82%	-71.29%	-49.00%	-57.42%	-59.34%
Free Cash Flow Per Share	-140.33	-70.97	-47.12	-46.51	-45.60
Cash Interest Paid	100,000	106,999	94,183	56,788	37,249
Cash Income Tax Paid	16,675	16,058	15,891	13,820	8,482

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.