Sephaku Holdings Cash Flow Statement

Financials in millions ZAR. Fiscal year is April - March.

Millions ZAR. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '25 Sep 30, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Net Income	77.62	73.55	66.62	25.57	44.58	19.92
Depreciation & Amortization	46.02	41.93	36.32	34.19	26.72	22.04
Other Amortization	-	-	-	0.27	0.27	0.2
Loss (Gain) From Sale of Assets	0.3	0.3	-2.34	-2.1	0.39	-6.74
Asset Writedown & Restructuring Costs	-	-	0.2	1	-	-
Loss (Gain) on Equity Investments	-14.66	-14.66	-14.62	2.04	-28.99	-15.97
Stock-Based Compensation	-	-	-	0.06	0.3	0.81
Provision & Write-off of Bad Debts	-1.05	-1.05	0.93	0.4	0.12	-
Other Operating Activities	36.63	21.58	9.59	16.61	10.55	17.4
Change in Accounts Receivable	-12.41	-12.41	12.96	-34.74	3.1	-11.22
Change in Inventory	-3.4	-3.4	-0.67	-2.43	-1.04	-0.27
Change in Accounts Payable	10.53	10.53	-11.52	15.54	-1.38	19.89
Change in Other Net Operating Assets	0.8	0.8	1.82	3.9	3.9	2.92
Operating Cash Flow	140.38	117.17	99.29	60.31	58.51	48.99
Operating Cash Flow Growth	42.99%	18.01%	64.64%	3.06%	19.45%	102.16%
Capital Expenditures	-17.39	-28.63	-23.87	-28.22	-14.36	-2.75
Sale of Property, Plant & Equipment	10.58	4.75	5.29	5.7	1.02	27.27
Sale (Purchase) of Real Estate	-26.96	-26.96	-	-	-	-
Investing Cash Flow	-30.77	-48.45	-18.58	-24.56	-11.28	24.52
Long-Term Debt Issued	-	14	-	-	-	-
Long-Term Debt Repaid	-	-41.45	-28.48	-65.75	-37.93	-31.68
Total Debt Repaid	-57.62	-41.45	-28.48	-65.75	-37.93	-31.68
Net Debt Issued (Repaid)	-56.4	-27.45	-28.48	-65.75	-37.93	-31.68
Issuance of Common Stock	-	-	-	-	-	0.12
Repurchase of Common Stock	-0.1	-9.71	-13.91	-	-	-
Other Financing Activities	-16.19	-15.2	-11.34	-13.05	-12.58	-13.95
Financing Cash Flow	-72.69	-52.36	-53.74	-78.79	-50.51	-45.51
Net Cash Flow	36.92	16.36	26.97	-43.04	-3.28	28
Free Cash Flow	122.99	88.54	75.42	32.08	44.15	46.24
Free Cash Flow Growth	140.14%	17.39%	135.07%	-27.34%	-4.51%	289.94%
Free Cash Flow Margin	9.97%	7.49%	6.48%	3.27%	5.62%	7.29%
Free Cash Flow Per Share	0.53	0.38	0.30	0.13	0.17	0.18
Cash Interest Paid	16.21	15.48	11.48	13.05	12.58	13.89
Cash Income Tax Paid	13.97	9.65	19.82	6.52	9.03	-0.69
Levered Free Cash Flow	90.08	54.55	52.61	10.53	25.75	45.74
Unlevered Free Cash Flow	100.22	64.22	59.86	18.59	33.51	54.17
Change in Working Capital	-4.48	-4.48	2.59	-17.73	4.58	11.32

Source: S&P Global Market Intelligence. Standard template. Financial Sources.