Afine Investments Balance Sheet

Financials in millions ZAR. Fiscal year is March - February.

Millions ZAR. Fiscal year is Mar - Feb.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug '25 Aug 31, 2025	Feb '25 Feb 28, 2025	Feb '24 Feb 29, 2024	Feb '23 Feb 28, 2023	Feb '22 Feb 28, 2022	Feb '21 Feb 28, 2021
Property, Plant & Equipment	410.98	410.98	371.76	330.08	281.52	10.95
Cash & Equivalents	10.65	7.43	10.21	10.32	7.66	0.23
Accounts Receivable	1.02	1.34	0.09	0.07	-	0.06
Other Receivables	-	0.01	0.03	0.05	0.31	6
Other Long-Term Assets	25.12	25.12	26.1	26.35	20.17	13.24
Total Assets	447.77	444.87	408.19	366.88	309.66	30.48
Current Portion of Long-Term Debt	1.4	3.05	16.07	14.47	10.32	23.2
Long-Term Debt	105.8	104.47	95.18	94.26	68.94	-
Accounts Payable	3.43	0.21	0.16	0.27	0.07	0.1
Accrued Expenses	-	1.25	1.22	1.27	1.53	-
Current Income Taxes Payable	-	-	-	-	0.28	0.01
Other Current Liabilities	-	1.53	1.24	1.16	1.11	-
Long-Term Deferred Tax Liabilities	-	-	-	-	-	2.36
Total Liabilities	110.62	110.51	113.87	111.43	82.26	25.67
Common Stock	40.2	40.2	40.2	40.2	6	6
Retained Earnings	296.94	294.16	254.12	215.24	222.2	-1.2
Comprehensive Income & Other	-	-	-	-	-0.8	-
Shareholders' Equity	337.14	334.36	294.33	255.45	227.4	4.81
Total Liabilities & Equity	447.77	444.87	408.19	366.88	309.66	30.48
Total Debt	107.2	107.52	111.25	108.73	79.27	23.2
Net Cash (Debt)	-96.55	-100.09	-101.04	-98.4	-71.6	-22.97
Net Cash Per Share	-1.33	-1.38	-1.39	-1.36	-1.40	-0.36
Filing Date Shares Outstanding	72.54	72.54	72.54	72.54	64	64
Total Common Shares Outstanding	72.54	72.54	72.54	72.54	64	64
Book Value Per Share	4.65	4.61	4.06	3.52	3.55	0.08
Tangible Book Value	337.14	334.36	294.33	255.45	227.4	4.81
Tangible Book Value Per Share	4.65	4.61	4.06	3.52	3.55	0.08

Source: S&P Capital IQ. Real Estate template. Financial Sources.