NZX Limited Cash Flow Statement

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

Millions NZD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 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	18.28	25.49	13.55	14.16	15.02	17.59
Depreciation & Amortization	8.25	7.65	6.61	4.57	3.28	2.99
Other Amortization	10.51	10.51	10.52	9.36	7.19	5.36
Loss (Gain) From Sale of Assets	0.01	0.01	0.04	0.01	0.15	-
Asset Writedown & Restructuring Costs	3.7	3.7	-	-	-	-
Loss (Gain) on Equity Investments	-0.57	-0.57	-1.03	-0.15	-	-
Stock-Based Compensation	1.02	1.02	1.2	0.46	1.05	0.89
Other Operating Activities	-4.74	-10.87	0.52	-	-	-0.56
Change in Accounts Receivable	-3.2	-3.2	1.36	-5.86	-0.43	-1.83
Change in Accounts Payable	1.2	1.2	1.97	2.23	2.15	5.96
Change in Income Taxes	1.38	1.38	0.3	-1.21	-0.4	0.5
Operating Cash Flow	35.41	35.89	34.44	23.44	27.39	31.23
Operating Cash Flow Growth	8.14%	4.21%	46.95%	-14.44%	-12.30%	25.99%
Capital Expenditures	-0.64	-2.78	-0.99	-5.1	-5.47	-0.48
Cash Acquisitions	-	-	-22.44	-25	-	-
Sale (Purchase) of Intangibles	-10.05	-10.65	-11.4	-10.4	-11.45	-9.49
Investment in Securities	-	-	-	-16.64	-	0
Other Investing Activities	-3.2	-	-0.1	-	-	-
Investing Cash Flow	-13.89	-13.42	-34.93	-57.13	-16.92	-9.97
Long-Term Debt Issued	-	-	22.5	-	-	-
Long-Term Debt Repaid	-	-1.29	-0.56	-1.24	-1.1	-1.47
Net Debt Issued (Repaid)	-1.34	-1.29	21.94	-1.24	-1.1	-1.47
Issuance of Common Stock	-	-	-	42.67	-	-
Common Dividends Paid	-18.48	-17.02	-16.74	-16.19	-13.09	-14.76
Other Financing Activities	-	-	-0.65	-	-	-
Financing Cash Flow	-19.82	-18.31	4.55	25.25	-14.19	-16.23
Net Cash Flow	1.7	4.16	4.06	-8.45	-3.71	5.04
Free Cash Flow	34.77	33.11	33.45	18.34	21.92	30.75
Free Cash Flow Growth	16.29%	-1.01%	82.38%	-16.33%	-28.72%	27.69%
Free Cash Flow Margin	27.99%	27.42%	30.86%	19.16%	24.92%	39.21%
Free Cash Flow Per Share	0.10	0.10	0.10	0.06	0.08	0.11
Cash Income Tax Paid	8.6	6.92	5.94	6.69	7.36	6.2
Levered Free Cash Flow	23.87	12.91	31.03	7.04	9.83	18.27
Unlevered Free Cash Flow	27.2	16.39	34.18	8.97	11.55	19.99
Change in Working Capital	-1.05	-1.05	3.04	-4.97	0.72	4.97

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.