Thungela Resources Cash Flow Statement

Financials in millions ZAR. Fiscal year is January - December.

Millions ZAR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	2,557	3,592	5,162	16,988	6,429	-330
Depreciation & Amortization	2,558	2,452	1,557	1,197	1,018	408
Loss (Gain) From Sale of Assets	-589	-587	8	17	-8	-
Asset Writedown & Restructuring Costs	278	278	266	656	982	-
Stock-Based Compensation	169	145	127	113	87	2
Other Operating Activities	-518	-492	-1,354	1,431	762	189
Change in Accounts Receivable	901	-1,055	1,581	-381	-960	-201
Change in Inventory	-268	452	212	-632	-1,352	-70
Change in Accounts Payable	-290	504	944	395	-842	162
Operating Cash Flow	4,798	5,289	8,503	19,784	6,116	160
Operating Cash Flow Growth	-11.79%	-37.80%	-57.02%	223.48%	3722.50%	-
Capital Expenditures	-3,046	-3,333	-3,116	-1,923	-2,312	-604
Sale of Property, Plant & Equipment	3	-	-	-	9	-
Cash Acquisitions	-302	-	-2,770	-	158	195
Sale (Purchase) of Intangibles	-23	-63	-172	-	-11	-
Investment in Securities	-508	-1,179	-210	-443	-294	-4
Other Investing Activities	767	655	488	-474	71	3
Investing Cash Flow	-3,109	-3,920	-5,780	-2,840	-2,379	-410
Long-Term Debt Issued	-	113	-	-	2,570	430
Long-Term Debt Repaid	-	-47	-32	-35	-3,167	-
Net Debt Issued (Repaid)	65	66	-32	-35	-597	430
Issuance of Common Stock	-	-	-	-	5,466	-
Repurchase of Common Stock	-774	-724	-259	-165	-183	-
Common Dividends Paid	-1,716	-1,630	-6,920	-10,483	-	-
Other Financing Activities	-140	-120	-38	-75	-58	-1
Financing Cash Flow	-2,565	-2,408	-7,249	-10,758	4,628	429
Foreign Exchange Rate Adjustments	-146	183	186	377	177	-
Net Cash Flow	-1,022	-856	-4,340	6,563	8,542	179
Free Cash Flow	1,752	1,956	5,387	17,861	3,804	-444
Free Cash Flow Growth	7.22%	-63.69%	-69.84%	369.53%	-	-
Free Cash Flow Margin	5.21%	5.50%	17.59%	35.19%	14.47%	-11.84%
Free Cash Flow Per Share	13.17	14.39	38.53	131.29	36.02	-7.15
Cash Interest Paid	96	76	43	33	58	1
Cash Income Tax Paid	1,607	1,342	2,119	6,567	197	66
Levered Free Cash Flow	212.88	303.38	5,043	16,351	-448.75	-
Unlevered Free Cash Flow	1,012	1,027	5,683	16,812	-23.75	-
Change in Working Capital	343	-99	2,737	-618	-3,154	-109

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.