MNRB Holdings Berhad Cash Flow Statement

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

Millions MYR. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 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	525.1	394.25	433.54	118.28	114.42	189.5
Depreciation & Amortization	13.63	11.17	10.63	9.3	8.88	9
Other Amortization	16.97	16.97	22.47	20.72	12.34	10.59
Gain (Loss) on Sale of Assets	-2.32	-3.34	0.07	-0.41	-	-0.07
Gain (Loss) on Sale of Investments	-121.29	-31.16	-18.6	-24.95	40.46	-10.97
Change in Accounts Receivable	397.8	544.7	609.01	683.53	-107.85	-126.06
Reinsurance Recoverable	9.77	-104.39	38.86	90.57	-495.04	40.09
Change in Income Taxes	-80.81	-	-	47.13	-	-
Change in Insurance Reserves / Liabilities	-	-	-	-	1,151	450.73
Change in Other Net Operating Assets	-622.23	-711.83	-1,440	-1,022	-555.12	-552.88
Other Operating Activities	108.32	74.51	293.72	16.67	15.75	84.95
Operating Cash Flow	231.92	195.79	-95.06	-75.24	174.5	88.33
Operating Cash Flow Growth	239.14%	-	-	-	97.54%	62.27%
Capital Expenditures	-15.08	-15.43	-16.27	-18.62	-9.81	-2.2
Sale of Property, Plant & Equipment	8.58	11.33	0.05	0.02	0.01	0.07
Purchase / Sale of Intangible Assets	-75.34	-29.64	-15	-72.18	-16.56	-45.82
Investing Cash Flow	-80.84	-33.75	-31.22	-90.79	-26.36	-47.95
Long-Term Debt Issued	-	-	420	200	-	-
Total Debt Repaid	-1.95	-2.28	-321.58	-1.5	-1.89	-2.88
Net Debt Issued (Repaid)	-1.95	-2.28	98.42	198.5	-1.89	-2.88
Common Dividends Paid	-78.31	-78.31	-34.85	-19.58	-31.32	-23.49
Other Financing Activities	-28.68	-28.72	-27.16	-21.48	-16.66	-16.64
Financing Cash Flow	-108.93	-109.31	36.42	157.44	-49.88	-43.01
Net Cash Flow	42.15	52.73	-89.86	-8.59	98.26	-2.63
Free Cash Flow	216.85	180.36	-111.33	-93.86	164.69	86.14
Free Cash Flow Growth	261.32%	-	-	-	91.20%	68.20%
Free Cash Flow Margin	6.88%	6.53%	-4.35%	-4.10%	6.12%	3.45%
Free Cash Flow Per Share	0.28	0.23	-0.14	-0.12	0.21	0.11
Cash Interest Paid	28.68	28.72	27.16	21.48	16.66	16.64
Cash Income Tax Paid	79.58	105.6	60.52	42.07	29.34	52.6
Levered Free Cash Flow	202.44	-1,251	-929.26	172.52	495.09	203.06
Unlevered Free Cash Flow	219.46	-1,232	-912.22	186.03	505.61	213.56
Change in Working Capital	-295.47	-271.52	-792.24	-200.91	-7.02	-188.12

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