Texton Property Fund Cash Flow Statement

Financials in millions ZAR. Fiscal year is July - June.

Millions ZAR. Fiscal year is Jul - Jun.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '25 Jun 30, 2025	Jun '24 Jun 30, 2024	Jun '23 Jun 30, 2023	Jun '22 Jun 30, 2022	Jun '21 Jun 30, 2021
Net Income	97.21	-13.95	-14.15	38.06	202
Depreciation & Amortization	5.98	6.18	6.88	6.05	4.1
Other Amortization	5	5.3	6.69	8.77	11.82
Gain (Loss) on Sale of Assets	6.93	13.37	24.08	1.02	24.57
Gain (Loss) on Sale of Investments	17.07	52.69	46.02	-63.54	-76.45
Asset Writedown	-100	6.5	48.59	57.28	-83.19
Stock-Based Compensation	3.36	1.15	-0.32	0.26	0.15
Income (Loss) on Equity Investments	-	-	-	32.88	97.86
Change in Accounts Receivable	0.13	6.25	7.01	8.69	8.9
Change in Accounts Payable	-8.48	1.93	-8.81	-28.26	-13.86
Other Operating Activities	46	14.5	-27.13	17.14	-35
Operating Cash Flow	73.2	98.09	88.86	78.35	140.9
Operating Cash Flow Growth	-25.38%	10.39%	13.41%	-44.39%	4.55%
Acquisition of Real Estate Assets	-94.59	-34.92	-14.15	-45.72	-20.19
Sale of Real Estate Assets	104.89	15.49	132.38	400.11	693.2
Net Sale / Acq. of Real Estate Assets	10.3	-19.43	118.24	354.39	673.02
Investment in Marketable & Equity Securities	124.6	-18.67	79.66	1.96	-12.98
Other Investing Activities	29.83	1.89	6.42	-444.07	-7.08
Investing Cash Flow	164.72	-36.21	203.32	-87.72	652.96
Long-Term Debt Issued	73.22	205.07	55	254.27	10.51
Long-Term Debt Repaid	-114.72	-152.21	-190.38	-289.1	-567.62
Net Debt Issued (Repaid)	-41.51	52.86	-135.38	-34.83	-557.11
Issuance of Common Stock	-	85	-	-	-
Repurchase of Common Stock	-240.8	-157.44	-9.01	-33.4	-13.25
Common Dividends Paid	-120.03	-50	-23.26	-161.97	-
Other Financing Activities	5.62	-1.2	-	-4.48	-1.64
Foreign Exchange Rate Adjustments	14.93	-10.18	33.32	6.24	-3.96
Net Cash Flow	-143.87	-19.08	157.84	-237.81	217.89
Cash Interest Paid	48.04	93.62	92.74	85.55	147.27
Cash Income Tax Paid	2.96	1.59	12.55	-17.42	24.77
Levered Free Cash Flow	266.37	26.73	455.69	140.41	72.37
Unlevered Free Cash Flow	265.23	25.48	455.92	132.8	138.22
Change in Working Capital	-8.35	8.18	-1.8	-19.56	-4.96

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