Paper Converting Co. Cash Flow Statement

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

Millions MUR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	12.8	17.84	9.51	9.53	4.18	2.59
Depreciation & Amortization	14.21	14.21	12.47	14.23	14.5	14.5
Loss (Gain) From Sale of Assets	-	-	-0.52	-0.39	-0.28	-
Loss (Gain) From Sale of Investments	-	-	-	-	-	-1.25
Loss (Gain) on Equity Investments	-	-	-1.48	-	0.29	0.08
Other Operating Activities	77.21	-1.24	0.95	0.09	3.22	1.2
Change in Accounts Receivable	-29.65	-29.65	-10.53	-10.26	-4.77	-26.77
Change in Inventory	13.32	13.32	-12.3	-15.68	-16.72	20.99
Change in Accounts Payable	30.88	30.88	-24.53	20.9	-3.88	23.58
Change in Other Net Operating Assets	-36.03	-36.03	-26.2	-26.33	8.13	-20.27
Operating Cash Flow	82.73	9.33	-52.63	-7.89	4.67	14.66
Operating Cash Flow Growth	1671.35%	-	-	-	-68.14%	-86.75%
Capital Expenditures	-45.71	-45.71	-6.12	-14.31	-4.74	-1.17
Sale of Property, Plant & Equipment	1.67	1.67	1.01	14.81	8.1	-
Divestitures	-	-	-	-	-	7.27
Other Investing Activities	-26.06	-	-	-	-	-
Investing Cash Flow	-70.1	-44.04	-5.11	0.5	3.36	6.1
Long-Term Debt Issued	-	64.4	83.88	53.05	100.8	36.07
Long-Term Debt Repaid	-	-39.48	-72.17	-62.89	-97.92	-61.86
Net Debt Issued (Repaid)	24.92	24.92	11.72	-9.84	2.88	-25.8
Common Dividends Paid	-5	-5	-1.5	-1	-	-
Other Financing Activities	-42.47	-0.97	-0.97	-0.84	-0.56	-0.81
Financing Cash Flow	-22.56	18.95	55.13	-11.68	6.82	-8.7
Net Cash Flow	-9.93	-15.77	-2.61	-19.07	14.85	12.06
Free Cash Flow	37.02	-36.38	-58.76	-22.2	-0.07	13.49
Free Cash Flow Growth	-	-	-	-	-	-87.27%
Free Cash Flow Margin	10.83%	-10.78%	-19.08%	-7.90%	-0.03%	6.71%
Free Cash Flow Per Share	3.72	-3.64	-5.88	-2.22	-0.01	1.35
Cash Interest Paid	21.14	21.14	13.33	7.8	6.67	7.68
Cash Income Tax Paid	3.79	3.79	1.8	1.35	1.02	1.96
Levered Free Cash Flow	-	2.38	-12.2	-16.74	-6.22	6.72
Unlevered Free Cash Flow	-	14.99	-3.87	-11.87	-2.05	11.52
Change in Working Capital	-21.48	-21.48	-73.56	-31.36	-17.25	-2.47

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