Tsogo Sun 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	1,192	1,244	1,530	1,744	1,405	21
Depreciation & Amortization	674	683	710	749	773	829
Other Amortization	10	10	2	7	10	15
Loss (Gain) From Sale of Assets	2	2	-1	-78	-13	-30
Asset Writedown & Restructuring Costs	350	350	315	-98	-298	-50
Loss (Gain) on Equity Investments	-2	-2	-9	-9	-2	8
Stock-Based Compensation	-39	-39	43	93	63	25
Provision & Write-off of Bad Debts	-	-	-	2	-	32
Other Operating Activities	142	108	152	213	-128	114
Change in Accounts Receivable	-16	-8	-57	15	129	11
Change in Inventory	-21	-18	-18	-24	-15	-18
Change in Accounts Payable	-114	-146	-259	-119	-164	62
Operating Cash Flow	2,145	2,162	2,389	2,460	1,741	1,011
Operating Cash Flow Growth	-3.68%	-9.50%	-2.89%	41.30%	72.21%	-51.83%
Capital Expenditures	-833	-698	-765	-542	-252	-145
Sale of Property, Plant & Equipment	2	3	3	160	30	33
Cash Acquisitions	-	-	-	-320	-	-44
Sale (Purchase) of Intangibles	-9	-10	-19	-7	-1	-15
Sale (Purchase) of Real Estate	-202	-174	-28	-20	-14	-1
Investment in Securities	-	-	-181	-138	-	-
Other Investing Activities	6	7	6	5	20	-
Investing Cash Flow	-1,036	-872	-984	-862	-219	-174
Long-Term Debt Issued	-	1,469	2,321	3,136	-	650
Long-Term Debt Repaid	-	-2,203	-2,669	-4,425	-1,201	-1,524
Net Debt Issued (Repaid)	-631	-734	-348	-1,289	-1,201	-874
Issuance of Common Stock	24	34	-	-	-	-
Repurchase of Common Stock	-	-	-88	-	-	-
Common Dividends Paid	-626	-730	-908	-514	-	-
Other Financing Activities	-	-	-20	-25	1	-8
Financing Cash Flow	-1,233	-1,430	-1,364	-1,828	-1,200	-882
Net Cash Flow	-124	-140	41	-230	322	-45
Free Cash Flow	1,312	1,464	1,624	1,918	1,489	866
Free Cash Flow Growth	-22.14%	-9.85%	-15.33%	28.81%	71.94%	-8.46%
Free Cash Flow Margin	11.89%	13.21%	14.20%	17.06%	16.97%	15.23%
Free Cash Flow Per Share	1.26	1.41	1.56	1.83	1.42	0.83
Cash Interest Paid	675	740	791	732	1,184	565
Cash Income Tax Paid	587	566	571	498	326	110
Levered Free Cash Flow	652.63	1,158	1,327	2,026	1,583	619
Unlevered Free Cash Flow	1,086	1,634	1,828	2,491	2,078	1,220
Change in Working Capital	-151	-172	-334	-128	-50	55

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