Lavastone Cash Flow Statement

Financials in millions MUR. Fiscal year is October - September.

Millions MUR. Fiscal year is Oct - Sep.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Sep '25 Sep 30, 2025	Sep '24 Sep 30, 2024	Sep '23 Sep 30, 2023	Sep '22 Sep 30, 2022	Sep '21 Sep 30, 2021
Net Income	258.27	244.75	172.8	216.4	172.9	159.56
Depreciation & Amortization	3.76	3.76	4.63	3.82	5.08	2.8
Other Amortization	0.13	0.13	0.13	0.13	0.16	0.12
Gain (Loss) on Sale of Assets	-13.51	-13.51	-	-	-	-
Gain (Loss) on Sale of Investments	-	-	-	-	-	-1.38
Asset Writedown	-41.19	-41.19	-28.95	-76.22	16.94	-106.2
Income (Loss) on Equity Investments	19.97	19.97	16.38	5.24	4.28	2.83
Change in Accounts Receivable	3.5	3.5	-8.89	-29.78	6	-10.62
Change in Accounts Payable	-29.65	-29.65	39.25	-26.66	-17.01	-25.12
Other Operating Activities	43.15	45.63	98.81	100.92	3.27	41.22
Operating Cash Flow	242.71	231.66	303.78	196.92	187.68	67.73
Operating Cash Flow Growth	-15.67%	-23.74%	54.26%	4.92%	177.12%	-72.78%
Acquisition of Real Estate Assets	-40.95	-40.95	-346.53	-206.15	-670.34	-240.22
Sale of Real Estate Assets	71.52	71.52	6.56	-	344.29	60.43
Net Sale / Acq. of Real Estate Assets	30.57	30.57	-339.98	-206.15	-326.04	-179.78
Cash Acquisition	-0.69	-0.69	-0.92	-7.65	-15.33	-
Investment in Marketable & Equity Securities	-	-	-	-11.61	-	-
Other Investing Activities	79.14	4.3	2.76	8.03	-	0.96
Investing Cash Flow	98.04	23.21	-347.82	-261.77	-341.37	-203.89
Long-Term Debt Issued	-	-	-	-	177.72	561.5
Long-Term Debt Repaid	-	-7.23	-6.69	-6.71	-6.12	-4.14
Net Debt Issued (Repaid)	-7.23	-7.23	-6.69	-6.71	171.6	557.36
Common Dividends Paid	-54.44	-54.44	-51.04	-44.23	-27.22	-27.22
Other Financing Activities	-163.87	-112.61	-94.51	481.21	-30.38	-14.53
Foreign Exchange Rate Adjustments	-4.16	-4.28	1.26	5.74	0.32	-0.03
Net Cash Flow	111.06	76.32	-195.02	371.16	-39.39	379.42
Cash Interest Paid	70.94	70.94	78.73	66.91	30.38	12.73
Cash Income Tax Paid	12.3	12.3	-5.6	28.12	5.66	7.17
Levered Free Cash Flow	148.64	129.99	29.62	71.66	-443.63	31.83
Unlevered Free Cash Flow	194.86	176.7	82.04	115.17	-421.82	41.58
Change in Working Capital	-27.62	-27.62	37.81	-56.44	-11	-35.74

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