Hotelest Cash Flow Statement

Financials in millions MUR. Fiscal year is January - December.

Millions MUR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	200.52	156.8	141.89	111.9	-363.29
Depreciation & Amortization	720.42	708.13	637.22	633.32	608.26
Other Amortization	-	2.82	3.95	4.74	6.26
Loss (Gain) From Sale of Assets	-	3.93	0.31	-0.08	-0.01
Asset Writedown & Restructuring Costs	-	4.27	0.21	4.17	-
Loss (Gain) on Equity Investments	-	-206.09	-187.83	-150.62	61.7
Provision & Write-off of Bad Debts	-	19.28	-37.63	22.73	9.64
Other Operating Activities	201.08	541.78	765.53	601.52	-220.23
Change in Accounts Receivable	-	-86.85	24.35	-37.07	-374.66
Change in Inventory	-	-39.36	-53.04	-40.1	-50.52
Change in Accounts Payable	-	96.22	-1.88	216.51	362.75
Change in Other Net Operating Assets	-	-46.72	-33.74	-50.09	-35.58
Operating Cash Flow	1,122	1,154	1,272	1,317	4.33
Operating Cash Flow Growth	-2.79%	-9.26%	-3.41%	30307.46%	-
Capital Expenditures	-	-384.36	-295.23	-186.37	-65.8
Sale of Property, Plant & Equipment	-	1.84	0.02	0.1	1.58
Cash Acquisitions	-	-	-78.71	-	-
Sale (Purchase) of Intangibles	-	-3.08	-1.75	-4.26	-0.76
Investment in Securities	-	-69.07	-81.25	-38.74	46.84
Other Investing Activities	-653.94	-862.45	425.51	-	-
Investing Cash Flow	-653.94	-1,317	-31.41	-229.26	-18.14
Short-Term Debt Issued	-	-	5.64	2.9	-
Long-Term Debt Issued	-	1,049	483.15	703.79	958
Total Debt Issued	-	1,049	488.8	706.7	958
Short-Term Debt Repaid	-	-12	-	-	-22.43
Long-Term Debt Repaid	-	-799.33	-1,320	-1,156	-915.63
Total Debt Repaid	-	-811.33	-1,320	-1,156	-938.05
Net Debt Issued (Repaid)	-	237.47	-831.36	-449.23	19.95
Issuance of Common Stock	-	-	-	315	655
Common Dividends Paid	-	-48.48	-17.07	-21.32	-
Other Financing Activities	-289.01	-362.39	-355.39	-351.48	-334.03
Financing Cash Flow	-289.01	-173.4	-1,204	-507.03	340.92
Foreign Exchange Rate Adjustments	32.29	28.31	1.61	4.49	-5.33
Net Cash Flow	211.35	-308	38.4	585.15	321.77
Free Cash Flow	1,122	769.85	976.79	1,131	-61.46
Free Cash Flow Growth	45.75%	-21.19%	-13.60%	-	-
Free Cash Flow Margin	17.30%	12.52%	17.06%	22.21%	-2.52%
Free Cash Flow Per Share	20.09	13.77	17.47	20.22	-1.10
Cash Interest Paid	-	782.69	601.06	630.82	584.38
Cash Income Tax Paid	-	67.51	32.01	36.89	23.59
Levered Free Cash Flow	2,611	304.92	597.21	613.89	36.42
Unlevered Free Cash Flow	3,076	787.64	1,056	1,014	409.71
Change in Working Capital	-	-76.71	-64.32	89.26	-98.02

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