Happy World Property Cash Flow Statement

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

Millions MUR. 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	25.01	16.92	-7.55	14.59	30.66	23.41
Depreciation & Amortization	28.15	28.15	22.18	16.78	6.05	-
Gain (Loss) on Sale of Assets	-	-	1.81	4.81	-0	-
Asset Writedown	-9.3	-9.3	3.4	-13.87	-21	-
Change in Accounts Receivable	-6.67	-6.67	20.67	-10.14	-23.86	-
Change in Accounts Payable	-0.62	-0.62	4.58	1.91	-0.52	-
Other Operating Activities	3.17	-1.49	2.09	-2.22	-0.15	-2.6
Operating Cash Flow	40.84	28.1	48.33	13.14	-5.5	20.82
Operating Cash Flow Growth	43.44%	-41.87%	267.82%	-	-	527.81%
Acquisition of Real Estate Assets	-0.83	-0.83	-18.66	-45.19	-9.09	-
Sale of Real Estate Assets	0.03	0.03	0.12	-	0	-
Net Sale / Acq. of Real Estate Assets	-0.8	-0.8	-18.55	-45.19	-9.09	-
Cash Acquisition	-2.66	-2.66	-	-24.14	-48.28	-
Other Investing Activities	0.11	-	-	-	-	-0.2
Investing Cash Flow	-3.35	-3.46	-18.55	-69.33	-57.37	-0.2
Long-Term Debt Issued	-	-	15	81.99	112.61	-
Long-Term Debt Repaid	-	-23.98	-44.28	-27.44	-41.94	-
Net Debt Issued (Repaid)	-23.98	-23.98	-29.28	54.55	70.67	-
Common Dividends Paid	-	-2.25	-	-	-18	-
Other Financing Activities	-13.17	-	-	-	-	-13.25
Miscellaneous Cash Flow Adjustments	0	-	-	-	14.9	-
Net Cash Flow	0.34	-1.6	0.51	-1.64	4.7	7.37
Cash Interest Paid	21.45	21.45	15.24	11.86	3.78	-
Cash Income Tax Paid	3.75	3.75	-0.04	3.29	3.1	-
Levered Free Cash Flow	40.67	22.61	46.67	-23.56	-30.37	29.38
Unlevered Free Cash Flow	53.49	36.01	56.19	-16.15	-28.01	30.48
Change in Working Capital	-7.29	-7.29	25.25	-8.24	-24.38	-

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.