ARCXF Cash Flow Statement

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

Millions ZAR. 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	-2,900	-5,839	-3,920	2,634	6,625
Depreciation & Amortization	1,039	807	861	760	589
Other Amortization	-	11	17	11	12
Loss (Gain) From Sale of Assets	-13	92	8	30	7
Asset Writedown & Restructuring Costs	-198	645	2,003	-57	228
Loss (Gain) From Sale of Investments	2	-	19	-	-3
Loss (Gain) on Equity Investments	-16	-5	-17	-30	-40
Stock-Based Compensation	27	10	39	41	30
Provision & Write-off of Bad Debts	7	-38	-	-2	36
Other Operating Activities	-143	1,854	625	501	1,230
Change in Accounts Receivable	289	1,374	-98	-870	-1,126
Change in Inventory	3,872	2,094	-852	61	-5,110
Change in Accounts Payable	-1,634	-466	2,659	-1,933	381
Change in Other Net Operating Assets	-355	-155	-366	-730	-96
Operating Cash Flow	-23	384	978	416	2,763
Operating Cash Flow Growth	-	-60.74%	135.10%	-84.94%	344.21%
Capital Expenditures	-1,004	-932	-1,480	-1,897	-854
Sale of Property, Plant & Equipment	148	11	99	1	152
Sale (Purchase) of Intangibles	-	-6	-9	-15	-6
Investment in Securities	32	12	-	-	17
Other Investing Activities	-	-	1	2	3
Investing Cash Flow	-824	-915	-1,389	-1,909	-688
Long-Term Debt Issued	4,700	9,100	3,350	1,800	-
Long-Term Debt Repaid	-4,740	-8,478	-2,870	-1,543	-686
Net Debt Issued (Repaid)	-40	622	480	257	-686
Other Financing Activities	-	-	-	-74	-78
Financing Cash Flow	-40	622	480	183	-764
Foreign Exchange Rate Adjustments	-29	18	24	50	1
Net Cash Flow	-916	109	93	-1,260	1,312
Free Cash Flow	-1,027	-548	-502	-1,481	1,909
Free Cash Flow Growth	-	-	-	-	1379.85%
Free Cash Flow Margin	-3.00%	-1.42%	-1.21%	-3.63%	4.81%
Free Cash Flow Per Share	-0.92	-0.49	-0.45	-1.33	1.71
Cash Interest Paid	682	720	751	823	327
Cash Income Tax Paid	-8	5	45	-	-
Levered Free Cash Flow	1,456	-146.5	585.38	-2,815	342.25
Unlevered Free Cash Flow	2,258	582.88	1,252	-2,356	734.13
Change in Working Capital	2,172	2,847	1,343	-3,472	-5,951

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