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Spear Reit Limited (JSE:SEA)
South Africa flag South Africa · Delayed Price · Currency is ZAR · Price in ZAc
1,363.00
-12.00 (-0.87%)
Nov 6, 2026, 5:00 PM SAST

Spear Reit Cash Flow Statement

Millions ZAR. Fiscal year is Mar - Feb.

Operating Activities

Fiscal Year
TTMFY 2026FY 2025FY 2024FY 2023FY 2022
Period Ending
Aug '26 Feb '26 Feb '25 Feb '24 Feb '23 Feb '22
Net Income
995.98799.75525.12362.74182.21164.92
Depreciation & Amortization
19.5616.7915.6715.3715.3513.77
Gain (Loss) on Sale of Investments
-----0.27
Asset Writedown
-601.91-460.61-277.09-176.892.872.05
Stock-Based Compensation
34.7118.7114.848.457.889.44
Change in Accounts Receivable
2.075.956.58-5.04-2.363.98
Change in Accounts Payable
53.3428.2329.4614.0611.9-13.43
Other Operating Activities
-17.29-12.71-9.23-10.87-7.18-20.32
Operating Cash Flow
486.46396.12304.51207.83210.66160.68
Operating Cash Flow Growth
36.18%30.08%46.52%-1.35%31.11%-1.44%

Investing Activities

Fiscal Year
TTMFY 2026FY 2025FY 2024FY 2023FY 2022
Period Ending
Aug '26 Feb '26 Feb '25 Feb '24 Feb '23 Feb '22
Acquisition of Real Estate Assets
-2,467-1,041-1,245-276.48-148.26-80.46
Sale of Real Estate Assets
94.583.72597.5637.68164.650.41
Net Sale / Acq. of Real Estate Assets
-2,373-1,037-647.24-238.816.39-80.05
Other Investing Activities
16.4816.48----
Investing Cash Flow
-2,356-1,021-647.24-238.8266.68-42.66

Financing Activities

Fiscal Year
TTMFY 2026FY 2025FY 2024FY 2023FY 2022
Period Ending
Aug '26 Feb '26 Feb '25 Feb '24 Feb '23 Feb '22
Short-Term Debt Issued
-----0.39
Long-Term Debt Issued
-1,7542,3201,013676.8781.29
Total Debt Issued
4,6381,7542,3201,013676.8781.67
Short-Term Debt Repaid
-----0.39-
Long-Term Debt Repaid
--1,307-2,234-1,079-907.03-307.15
Lease Payments
-15.07-16.35-2.93-2.06-1.22-0.13
Total Debt Repaid
-3,689-1,307-2,234-1,079-907.42-307.15
Net Debt Issued (Repaid)
949.27446.785.5-66.03-230.55-225.48
Issuance of Common Stock
1,158803.35545.9321.98-317.34
Repurchase of Common Stock
--1.3-4.82-41.53-69.81-87.45
Common Dividends Paid
-387.37-300.37-230.9-171.92-167.55-126.96
Other Financing Activities
-13.71-4.91-4.14-6.01-19.131.69

Net Cash Flow

Fiscal Year
TTMFY 2026FY 2025FY 2024FY 2023FY 2022
Period Ending
Aug '26 Feb '26 Feb '25 Feb '24 Feb '23 Feb '22
Miscellaneous Cash Flow Adjustments
-0-0----
Net Cash Flow
-163.65318.8648.815.53-9.69-2.85

Free Cash Flow

Fiscal Year
TTMFY 2026FY 2025FY 2024FY 2023FY 2022
Period Ending
Aug '26 Feb '26 Feb '25 Feb '24 Feb '23 Feb '22
Levered Free Cash Flow
396.59227.94565.94127.44-204.1769.27
Unlevered Free Cash Flow
498.83321.87642.21226.92-117.82163.6

Additional Metrics

Fiscal Year
TTMFY 2026FY 2025FY 2024FY 2023FY 2022
Period Ending
Aug '26 Feb '26 Feb '25 Feb '24 Feb '23 Feb '22
Cash Interest Paid
162.94149.95121.51158.03138.13150.17
Cash Income Tax Paid
4.323.537.251.532.184.63
Change in Working Capital
55.434.1835.29.029.54-9.45