Stadio Holdings 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	327.54	261.94	208.25	165.64	126.01
Depreciation & Amortization	81.68	66.65	66.64	64.55	63.15
Other Amortization	-	4.44	3.83	3.8	3.56
Loss (Gain) From Sale of Assets	0.58	0.72	0.28	1.48	1.63
Asset Writedown & Restructuring Costs	-0.45	7	-	6.46	30.04
Loss (Gain) From Sale of Investments	-	0.02	0.02	-0.13	0.06
Stock-Based Compensation	13.39	11.81	13.95	8.72	10.78
Other Operating Activities	35.57	7.86	-3.42	32.73	11.01
Change in Accounts Receivable	-19.31	-11.94	-36.11	-42.43	-7.46
Change in Inventory	-	-	-	-	1.59
Change in Accounts Payable	-15.23	-3.64	-12.17	-30.38	-39.06
Change in Unearned Revenue	7.02	10.67	4.45	19.49	-11.76
Operating Cash Flow	430.78	355.53	245.73	229.93	189.54
Operating Cash Flow Growth	21.16%	44.69%	6.87%	21.31%	-2.74%
Capital Expenditures	-270.33	-76.7	-37.34	-85.03	-178.14
Sale of Property, Plant & Equipment	19.71	0.36	0.43	52.67	0.17
Cash Acquisitions	-	-	-	-	-1.6
Sale (Purchase) of Intangibles	-32.6	-29.41	-22.36	-7.84	-2.12
Investment in Securities	-0.09	11.89	-0.66	-5	2.64
Other Investing Activities	-	-	-	-	0.59
Investing Cash Flow	-283.31	-93.86	-59.92	-45.2	-178.46
Short-Term Debt Issued	-	102.18	0.22	0.07	-
Long-Term Debt Issued	236.97	-	-	-	122.07
Total Debt Issued	236.97	102.18	0.22	0.07	122.07
Short-Term Debt Repaid	-	-102.01	-0.05	-15.07	-
Long-Term Debt Repaid	-148.22	-28.46	-62.16	-31.57	-181.22
Total Debt Repaid	-148.22	-130.47	-62.22	-46.63	-181.22
Net Debt Issued (Repaid)	88.75	-28.29	-61.99	-46.56	-59.15
Issuance of Common Stock	3.35	2.94	3.32	7.88	1.28
Repurchase of Common Stock	-75.71	-14.95	-36.4	-14.86	-
Common Dividends Paid	-128.59	-84.67	-75.68	-39.98	-
Other Financing Activities	-11.48	-134.83	-32.94	-8.6	-4.41
Financing Cash Flow	-123.69	-259.81	-203.69	-102.11	-62.29
Net Cash Flow	23.78	1.87	-17.88	82.62	-51.21
Free Cash Flow	160.45	278.83	208.39	144.9	11.4
Free Cash Flow Growth	-42.46%	33.80%	43.82%	1171.26%	-90.22%
Free Cash Flow Margin	8.66%	17.30%	14.74%	11.94%	1.04%
Free Cash Flow Per Share	0.19	0.33	0.24	0.17	0.01
Cash Interest Paid	-	3.55	0.37	0.69	21.19
Cash Income Tax Paid	-	109.62	114.9	68.14	59.98
Levered Free Cash Flow	98.69	65.65	245.45	164.94	-75.44
Unlevered Free Cash Flow	109.05	76.51	255.87	176.6	-62.48
Change in Working Capital	-27.52	-4.91	-43.83	-53.32	-56.69

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