Pan African Resources Cash Flow Statement

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

Millions USD. Fiscal year is Jul - Jun.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	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	241.35	141.6	79.38	60.92	75.14	74.69
Depreciation & Amortization	43.99	34.39	21.82	20.81	26.57	32.26
Other Amortization	0.13	0.13	0.08	0.09	0.13	0.13
Loss (Gain) From Sale of Assets	0.54	0.05	0.11	-	-	-0
Asset Writedown & Restructuring Costs	0.29	2.95	-	-	0.47	-
Stock-Based Compensation	9.51	3.76	0.97	-4.37	-9.84	1.95
Other Operating Activities	77.71	1.55	5.37	39.17	35.6	-11.53
Change in Accounts Receivable	1.97	2.83	-6.06	-0.4	4.41	-10.4
Change in Inventory	-1.03	-4.81	-1.78	-0.84	0.09	-1.79
Change in Accounts Payable	13.62	-0.13	12.14	7.91	2.42	11.14
Operating Cash Flow	379.67	182.32	112.03	123.29	134.99	96.45
Operating Cash Flow Growth	332.42%	62.74%	-9.13%	-8.67%	39.95%	68.55%
Capital Expenditures	-128.49	-157.91	-166.24	-112.71	-82.68	-44.4
Sale of Property, Plant & Equipment	0.32	0.13	0.14	0.16	0.56	0
Cash Acquisitions	-	9.69	-	-2.94	-	-
Sale (Purchase) of Intangibles	-0.75	-0.71	-	-0.11	-0	-0.05
Investment in Securities	-	-	-3.28	2.49	-	-0.14
Other Investing Activities	-2.32	-1.05	-	0.13	0.15	0.15
Investing Cash Flow	-131.24	-149.85	-169.38	-112.73	-81.39	-44.15
Long-Term Debt Issued	-	139.53	114.2	94.71	12.9	15.96
Long-Term Debt Repaid	-	-122.07	-43.77	-69.84	-42.04	-54.04
Net Debt Issued (Repaid)	-133.75	17.46	70.43	24.87	-29.14	-38.07
Repurchase of Common Stock	-1.31	-	-	-	-3.22	-
Common Dividends Paid	-50.61	-27.46	-21.23	-23.17	-24.98	-20.61
Other Financing Activities	-	-	-1.45	-	-	-
Financing Cash Flow	-185.67	-10	47.75	1.7	-57.34	-58.68
Foreign Exchange Rate Adjustments	10.21	0.73	1.16	-4.48	-4.4	7.98
Net Cash Flow	72.96	23.2	-8.44	7.78	-8.14	1.6
Free Cash Flow	251.17	24.41	-54.21	10.58	52.31	52.06
Free Cash Flow Growth	-	-	-	-79.77%	0.48%	129.63%
Free Cash Flow Margin	29.98%	4.52%	-14.50%	3.31%	13.90%	14.11%
Free Cash Flow Per Share	0.12	0.01	-0.03	0.01	0.03	0.03
Cash Interest Paid	19.85	21.44	11.57	6.25	4.04	6.11
Cash Income Tax Paid	40.78	20.15	13.01	6.52	6.76	15.4
Levered Free Cash Flow	209.43	-8.46	-63.57	-22.21	22.73	59.22
Unlevered Free Cash Flow	221.88	3.07	-58.42	-17.61	25.47	63.4
Change in Working Capital	14.56	-2.11	4.3	6.66	6.93	-1.05

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