Zambia Sugar Cash Flow Statement

Financials in millions ZMW. Fiscal year is September - August.

Millions ZMW. Fiscal year is Sep - Aug.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug '25 Aug 31, 2025	Aug '24 Aug 31, 2024	Aug '23 Aug 31, 2023	Aug '22 Aug 31, 2022	Aug '21 Aug 31, 2021
Net Income	1,634	2,058	935.63	1,005	1,086
Depreciation & Amortization	235.76	191.32	155.32	136.01	130.47
Loss (Gain) From Sale of Assets	-0.71	-0.43	-0.49	5.55	-2.89
Loss (Gain) From Sale of Investments	-10.37	5.91	2.15	0.73	5.51
Other Operating Activities	-626.61	-74.88	26.99	-122.52	7.33
Change in Accounts Receivable	-48.33	-72.3	136.57	-119.63	-91.44
Change in Inventory	111.21	-753.8	143.67	-272.15	-179.36
Change in Accounts Payable	361.14	245.82	-25.17	88.69	139.19
Change in Unearned Revenue	-35.41	-128.65	34.41	-3.17	-61.9
Change in Other Net Operating Assets	15.25	97.37	16.56	5.86	-11.26
Operating Cash Flow	1,636	1,568	1,426	724.53	1,022
Operating Cash Flow Growth	4.32%	9.98%	96.77%	-29.09%	191.98%
Capital Expenditures	-1,261	-771.37	-308.43	-180.11	-107.97
Sale of Property, Plant & Equipment	1.07	1.61	0.74	1.3	28.63
Investing Cash Flow	-1,260	-769.76	-307.7	-178.81	-79.34
Long-Term Debt Issued	700	-	-	-	-
Total Debt Issued	700	-	-	-	-
Long-Term Debt Repaid	-62.89	-47.54	-81.48	-381.56	-757.66
Total Debt Repaid	-62.89	-47.54	-81.48	-381.56	-757.66
Net Debt Issued (Repaid)	637.11	-47.54	-81.48	-381.56	-757.66
Common Dividends Paid	-509.68	-1,105	-298.84	-267.5	-75.98
Financing Cash Flow	127.43	-1,152	-380.32	-649.07	-833.64
Foreign Exchange Rate Adjustments	10.02	18.24	26.11	2.75	-8.18
Net Cash Flow	512.96	-335.94	763.74	-100.59	100.58
Free Cash Flow	374.44	796.59	1,117	544.42	913.76
Free Cash Flow Growth	-53.00%	-28.70%	105.21%	-40.42%	263.80%
Free Cash Flow Margin	4.21%	10.58%	19.17%	10.65%	18.32%
Free Cash Flow Per Share	1.18	2.52	3.53	1.72	2.89
Cash Interest Paid	171.83	49.05	89.06	90.13	259.52
Cash Income Tax Paid	467.54	248.79	231.27	192.58	143
Levered Free Cash Flow	60.56	185.76	945.39	306.02	598.61
Unlevered Free Cash Flow	136.09	220.61	970.77	356.6	770.58
Change in Working Capital	403.87	-611.55	306.04	-300.4	-204.76

Updated Aug 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.