Vodacom Group Cash Flow Statement

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

Millions ZAR. Fiscal year is Apr - Mar.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Net Income	20,647	16,598	16,292	16,767	17,163
Depreciation & Amortization	24,285	18,041	19,036	14,980	12,281
Other Amortization	-	3,893	3,750	2,988	2,376
Loss (Gain) From Sale of Assets	-1,239	-100	130	31	-1
Asset Writedown & Restructuring Costs	37	34	-	-	-
Loss (Gain) From Sale of Investments	1,897	2,096	846	864	704
Loss (Gain) on Equity Investments	-4,259	-2,724	-2,197	-2,607	-3,056
Stock-Based Compensation	492	463	415	481	575
Other Operating Activities	13,220	11,067	10,941	5,022	3,925
Change in Accounts Receivable	-5,661	-3,582	-5,205	-4,777	-1,486
Change in Inventory	87	-24	-315	-106	-594
Change in Accounts Payable	6,513	7,021	5,326	7,202	2,117
Operating Cash Flow	56,019	52,799	49,011	40,951	34,028
Operating Cash Flow Growth	6.10%	7.73%	19.68%	20.34%	2.00%
Capital Expenditures	-23,246	-24,690	-22,325	-20,175	-13,843
Sale of Property, Plant & Equipment	445	115	178	89	61
Cash Acquisitions	-	-	-376	-9,221	-
Investment in Securities	-8,382	-784	-457	-321	-874
Other Investing Activities	536	1,145	2,257	2,924	2,692
Investing Cash Flow	-30,647	-24,214	-20,723	-26,704	-11,964
Long-Term Debt Issued	19,206	24,445	18,182	19,662	8,570
Long-Term Debt Repaid	-14,228	-29,225	-21,700	-11,935	-9,717
Net Debt Issued (Repaid)	4,978	-4,780	-3,518	7,727	-1,147
Issuance of Common Stock	82	90	93	133	84
Repurchase of Common Stock	-539	-522	-531	-510	-517
Common Dividends Paid	-12,953	-11,114	-12,374	-13,136	-14,170
Other Financing Activities	-8,974	-9,533	-9,369	-5,941	-4,814
Financing Cash Flow	-17,406	-25,859	-25,699	-11,727	-20,564
Foreign Exchange Rate Adjustments	-1,741	-628	-1,807	1,553	-51
Net Cash Flow	6,225	2,098	782	4,073	1,449
Free Cash Flow	32,773	28,109	26,686	20,776	20,185
Free Cash Flow Growth	16.59%	5.33%	28.45%	2.93%	1.34%
Free Cash Flow Margin	19.55%	18.46%	17.72%	17.43%	19.65%
Free Cash Flow Per Share	16.48	14.31	13.55	11.42	11.57
Cash Interest Paid	7,618	7,805	7,667	5,341	4,312
Cash Income Tax Paid	9,818	8,066	8,112	7,361	7,124
Levered Free Cash Flow	39,141	15,405	15,891	20,891	15,092
Unlevered Free Cash Flow	44,349	20,463	20,993	24,372	17,735
Change in Working Capital	939	3,415	-194	2,319	37