Newpark REIT Cash Flow Statement

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	2020 - 2016
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	2020 - 2016
Net Income	49.65	36.14	-222.28	130.65	26.88	17.09	Upgrade
Depreciation & Amortization	0.18	0.19	0.19	0.19	0.23	0.27	Upgrade
Asset Writedown	6.21	6.21	274.68	-65.87	24.32	6.51	Upgrade
Change in Accounts Receivable	1.67	1.67	1.78	2.45	-6.52	-1.99	Upgrade
Change in Accounts Payable	-11.99	-11.99	-0.71	-13.65	3.79	-3.45	Upgrade
Other Operating Activities	13.81	36.02	29.87	2.58	-4.57	16.29	Upgrade
Operating Cash Flow	59.66	68.24	83.52	56.35	48.83	34.71	Upgrade
Operating Cash Flow Growth	-26.05%	-18.29%	48.20%	15.40%	40.68%	-27.89%	Upgrade
Acquisition of Real Estate Assets	-2.82	-9.26	-34.44	-0.35	-0.15	-0.45	Upgrade
Net Sale / Acq. of Real Estate Assets	-2.82	-9.26	-34.44	-0.35	-0.15	-0.45	Upgrade
Investing Cash Flow	-2.82	-9.26	-34.44	-0.35	-0.15	-0.45	Upgrade
Long-Term Debt Issued	-	545.2	78.67	196.85	-	-	Upgrade
Total Debt Issued	525.95	545.2	78.67	196.85	-	-	Upgrade
Long-Term Debt Repaid	-	-544.7	-54.17	-196.85	-	-2	Upgrade
Total Debt Repaid	-500.21	-544.7	-54.17	-196.85	-	-2	Upgrade
Net Debt Issued (Repaid)	25.74	0.5	24.5	-	-	-2	Upgrade
Common Dividends Paid	-78.37	-65.37	-77.2	-50.25	-41.91	-35.38	Upgrade
Net Cash Flow	4.21	-5.89	-3.62	5.76	6.77	-3.11	Upgrade
Cash Interest Paid	46.31	45.92	41.93	39.86	46.59	46.34	Upgrade
Levered Free Cash Flow	20.89	19.49	36.04	19.15	21.25	17.27	Upgrade
Unlevered Free Cash Flow	49.84	48.19	62.97	44.16	50.37	46.23	Upgrade
Change in Working Capital	-10.2	-10.32	1.06	-11.2	-2.73	-5.44	Upgrade

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