African Rainbow Minerals Cash Flow Statement

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

Millions ZAR. Fiscal year is Jul - Jun.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	330	3,146	8,080	12,426	12,626
Depreciation & Amortization	978	9,373	879	854	809
Loss (Gain) From Sale of Investments	-	-	-7	47	-1
Stock-Based Compensation	-	-	254	263	220
Other Operating Activities	3,998	-4,792	3,159	42	1,651
Change in Accounts Receivable	-532	378	2,071	-737	-4,630
Change in Inventory	225	-237	-518	70	54
Change in Accounts Payable	-361	-223	-512	-973	-729
Change in Other Net Operating Assets	454	-48	171	-	-
Operating Cash Flow	5,092	7,597	12,909	11,063	8,687
Operating Cash Flow Growth	-32.97%	-41.15%	16.69%	27.35%	32.71%
Capital Expenditures	-2,658	-6,292	-4,456	-2,202	-1,657
Sale of Property, Plant & Equipment	30	4	6	6	3
Cash Acquisitions	-3	-53	-3,441	-	-
Investment in Securities	198	-215	287	-296	816
Investing Cash Flow	-2,433	-6,556	-7,511	-2,492	-838
Short-Term Debt Issued	154	456	-	-	-
Long-Term Debt Issued	771	479	-	-	264
Total Debt Issued	925	935	-	-	264
Short-Term Debt Repaid	-2	-8	-154	-14	-187
Long-Term Debt Repaid	-60	-54	-97	-95	-461
Total Debt Repaid	-62	-62	-251	-109	-648
Net Debt Issued (Repaid)	863	873	-251	-109	-384
Issuance of Common Stock	-	-	-	7	44
Repurchase of Common Stock	-560	-78	-141	-225	-
Common Dividends Paid	-2,644	-3,529	-6,666	-6,270	-3,322
Financing Cash Flow	-2,341	-2,734	-7,058	-6,597	-3,662
Foreign Exchange Rate Adjustments	-1	-2	21	14	-44
Net Cash Flow	317	-1,695	-1,639	1,988	4,143
Free Cash Flow	2,434	1,305	8,453	8,861	7,030
Free Cash Flow Growth	86.51%	-84.56%	-4.60%	26.05%	22.45%
Free Cash Flow Margin	20.87%	11.43%	57.65%	52.38%	35.76%
Free Cash Flow Per Share	12.41	6.65	43.02	45.20	35.63
Cash Interest Paid	260	97	69	46	45
Cash Income Tax Paid	408	600	1,517	2,303	2,291
Levered Free Cash Flow	-3,487	4,119	2,480	4,274	2,351
Unlevered Free Cash Flow	-3,264	4,239	2,518	4,354	2,463
Change in Working Capital	-214	-130	1,212	-1,640	-5,305

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