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Santam Ltd (JSE:SNT)
South Africa flag South Africa · Delayed Price · Currency is ZAR · Price in ZAc
40,712
+1,066 (2.69%)
Sep 11, 2026, 5:00 PM SAST

Santam Cash Flow Statement

Millions ZAR. Fiscal year is Jan - Dec.

Operating Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Net Income
4,2064,0593,6793,2501,9802,745
Depreciation & Amortization
303295306281237232
Other Amortization
131355444351
Gain (Loss) on Sale of Assets
-8-8-2---
Gain (Loss) on Sale of Investments
----705--
Stock-Based Compensation
98989911711286
Reinsurance Recoverable
4714715,5933,67815-5,848
Change in Accounts Payable
---221456-103
Change in Unearned Revenue
------28
Change in Insurance Reserves / Liabilities
5,3415,3413,665-1,4075,5436,830
Change in Other Net Operating Assets
777777385105-1,796-1,132
Other Operating Activities
-9,756-9,064-4,000-7,123-4,528-747
Operating Cash Flow
1,9112,4483,6806673,5431,884
Operating Cash Flow Growth
-56.18%-33.48%451.72%-81.17%88.06%-

Investing Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Capital Expenditures
-45-82-86-189-78-19
Sale of Property, Plant & Equipment
2-382,632--
Purchase / Sale of Intangible Assets
34-13-33-82-42-89
Cash Acquisitions
-71-71-38-9931-
Investment in Securities
178-747-20-90-1
Other Investing Activities
----122--
Investing Cash Flow
98-913-1392,1401-109

Financing Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Long-Term Debt Issued
-2,000-1,0001,000-
Total Debt Issued
2,0002,000-1,0001,000-
Total Debt Repaid
-1,130-1,152-171-634-1,123-656
Lease Payments
-130-152-171-134-123-156
Net Debt Issued (Repaid)
870848-171366-123-656
Repurchases of Common Stock
-150-145-161-221-237-120
Common Dividends Paid
-1,842-1,679-1,576-1,507-1,404-477
Other Financing Activities
-960-818-52-56-64-381
Financing Cash Flow
-2,082-1,794-1,960-3,335-2,688-1,634

Net Cash Flow

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Foreign Exchange Rate Adjustments
-45-43-15-4035-28
Net Cash Flow
-118-3021,566-568891113

Free Cash Flow

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Free Cash Flow
1,8662,3663,5944783,4651,865
Free Cash Flow Growth
-55.93%-34.17%651.88%-86.20%85.79%-
Free Cash Flow Margin
2.94%3.86%6.34%1.14%8.10%6.12%
Free Cash Flow Per Share
16.9121.4432.454.3431.4016.84
Levered Free Cash Flow
13,24812,9786,3587,5235,5294,191
Unlevered Free Cash Flow
15,06814,7647,8737,7975,7314,387
Free Cash Flow After Leases
1,7362,2143,4233443,3421,709

Additional Metrics

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash Interest Paid
566471515425322295
Cash Income Tax Paid
2,6132,3222,0361,2201,545626
Change in Working Capital
7,1847,1843,4554,8975,722-392