Spear Reit Limited (JSE:SEA)
South Africa · Delayed Price · Currency is ZAR · Price in ZAc 1,278.00
-7.00 (-0.54%)
Jul 27, 2026, 5:00 PM SAST
Spear Reit Cash Flow Statement
Financials in millions ZAR. Fiscal year is March - February.
Millions ZAR. Fiscal year is Mar - Feb.
Operating Activities
Fiscal Year | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
Period Ending | Feb '26 Feb 28, 2026 | Feb '25 Feb 28, 2025 | Feb '24 Feb 29, 2024 | Feb '23 Feb 28, 2023 | Feb '22 Feb 28, 2022 |
Net Income | 799.75 | 525.12 | 362.74 | 182.21 | 164.92 |
Depreciation & Amortization | 16.79 | 15.67 | 15.37 | 15.35 | 13.77 |
Gain (Loss) on Sale of Investments | - | - | - | - | 0.27 |
Asset Writedown | -460.61 | -277.09 | -176.89 | 2.87 | 2.05 |
Stock-Based Compensation | 18.71 | 14.84 | 8.45 | 7.88 | 9.44 |
Change in Accounts Receivable | 5.95 | 6.58 | -5.04 | -2.36 | 3.98 |
Change in Accounts Payable | 28.23 | 29.46 | 14.06 | 11.9 | -13.43 |
Other Operating Activities | -12.71 | -9.23 | -10.87 | -7.18 | -20.32 |
Operating Cash Flow | 396.12 | 304.51 | 207.83 | 210.66 | 160.68 |
Operating Cash Flow Growth | 30.08% | 46.52% | -1.35% | 31.11% | -1.44% |
Investing Activities
Fiscal Year | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
Period Ending | Feb '26 Feb 28, 2026 | Feb '25 Feb 28, 2025 | Feb '24 Feb 29, 2024 | Feb '23 Feb 28, 2023 | Feb '22 Feb 28, 2022 |
Acquisition of Real Estate Assets | -1,041 | -1,245 | -276.48 | -148.26 | -80.46 |
Sale of Real Estate Assets | 3.72 | 597.56 | 37.68 | 164.65 | 0.41 |
Net Sale / Acq. of Real Estate Assets | -1,037 | -647.24 | -238.8 | 16.39 | -80.05 |
Other Investing Activities | 16.48 | - | - | - | - |
Investing Cash Flow | -1,021 | -647.24 | -238.8 | 266.68 | -42.66 |
Financing Activities
Fiscal Year | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
Period Ending | Feb '26 Feb 28, 2026 | Feb '25 Feb 28, 2025 | Feb '24 Feb 29, 2024 | Feb '23 Feb 28, 2023 | Feb '22 Feb 28, 2022 |
Short-Term Debt Issued | - | - | - | - | 0.39 |
Long-Term Debt Issued | 1,754 | 2,320 | 1,013 | 676.87 | 81.29 |
Total Debt Issued | 1,754 | 2,320 | 1,013 | 676.87 | 81.67 |
Short-Term Debt Repaid | - | - | - | -0.39 | - |
Long-Term Debt Repaid | -1,307 | -2,234 | -1,079 | -907.03 | -307.15 |
Total Debt Repaid | -1,307 | -2,234 | -1,079 | -907.42 | -307.15 |
Net Debt Issued (Repaid) | 446.7 | 85.5 | -66.03 | -230.55 | -225.48 |
Issuance of Common Stock | 803.35 | 545.9 | 321.98 | - | 317.34 |
Repurchase of Common Stock | -1.3 | -4.82 | -41.53 | -69.81 | -87.45 |
Common Dividends Paid | -300.37 | -230.9 | -171.92 | -167.55 | -126.96 |
Other Financing Activities | -4.91 | -4.14 | -6.01 | -19.13 | 1.69 |
Net Cash Flow
Fiscal Year | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
Period Ending | Feb '26 Feb 28, 2026 | Feb '25 Feb 28, 2025 | Feb '24 Feb 29, 2024 | Feb '23 Feb 28, 2023 | Feb '22 Feb 28, 2022 |
Miscellaneous Cash Flow Adjustments | -0 | - | - | - | - |
Net Cash Flow | 318.86 | 48.81 | 5.53 | -9.69 | -2.85 |
Free Cash Flow
Fiscal Year | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
Period Ending | Feb '26 Feb 28, 2026 | Feb '25 Feb 28, 2025 | Feb '24 Feb 29, 2024 | Feb '23 Feb 28, 2023 | Feb '22 Feb 28, 2022 |
Levered Free Cash Flow | 227.94 | 565.94 | 127.44 | -204.17 | 69.27 |
Unlevered Free Cash Flow | 321.87 | 642.21 | 226.92 | -117.82 | 163.6 |
Additional Metrics
Fiscal Year | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
Period Ending | Feb '26 Feb 28, 2026 | Feb '25 Feb 28, 2025 | Feb '24 Feb 29, 2024 | Feb '23 Feb 28, 2023 | Feb '22 Feb 28, 2022 |
Cash Interest Paid | 149.95 | 121.51 | 158.03 | 138.13 | 150.17 |
Cash Income Tax Paid | 3.53 | 7.25 | 1.53 | 2.18 | 4.63 |
Change in Working Capital | 34.18 | 35.2 | 9.02 | 9.54 | -9.45 |