Octodec Investments Cash Flow Statement

Financials in millions ZAR. Fiscal year is September - August.

Millions ZAR. Fiscal year is Sep - Aug.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	2020 - 2016
Period Ending	Aug '25 Aug 31, 2025	Aug '24 Aug 31, 2024	Aug '23 Aug 31, 2023	Aug '22 Aug 31, 2022	Aug '21 Aug 31, 2021	2020 - 2016
Net Income	491.1	215.98	610.46	605.13	-174.82	Upgrade
Depreciation & Amortization	0.88	0.79	0.28	0.31	0.76	Upgrade
Other Amortization	12.13	11.1	9.47	8.8	11.94	Upgrade
Gain (Loss) on Sale of Assets	-	-	-0.14	-	-	Upgrade
Asset Writedown	-48.77	162.9	-175.85	93.21	649	Upgrade
Income (Loss) on Equity Investments	-15.86	-5.83	0.29	-8.75	-3.7	Upgrade
Change in Accounts Receivable	-62.7	-48.22	-24.39	-51.04	-78.91	Upgrade
Change in Accounts Payable	10.15	11.15	2.94	-30.23	14.64	Upgrade
Other Operating Activities	47.64	40.62	-12.52	-259.78	-92.12	Upgrade
Operating Cash Flow	480.85	432.57	447.18	391.07	357.43	Upgrade
Operating Cash Flow Growth	11.16%	-3.27%	14.35%	9.41%	-20.31%	Upgrade
Acquisition of Real Estate Assets	-134.11	-194.27	-129.06	-61.63	-71.2	Upgrade
Sale of Real Estate Assets	152.29	13.77	109.5	218.45	36.06	Upgrade
Net Sale / Acq. of Real Estate Assets	18.18	-180.5	-19.56	156.81	-35.14	Upgrade
Other Investing Activities	6.49	3.44	3.12	-15.4	1.8	Upgrade
Investing Cash Flow	24.67	-177.06	-16.44	214.84	-32.62	Upgrade
Long-Term Debt Issued	750	129.34	2,560	1,422	559.69	Upgrade
Total Debt Issued	750	129.34	2,560	1,422	559.69	Upgrade
Long-Term Debt Repaid	-850.03	-70.03	-2,571	-1,737	-568.9	Upgrade
Total Debt Repaid	-850.03	-70.03	-2,571	-1,737	-568.9	Upgrade
Net Debt Issued (Repaid)	-100.03	59.31	-10.9	-315.13	-9.21	Upgrade
Common Dividends Paid	-338.08	-359.37	-372.68	-266.2	-266.2	Upgrade
Other Financing Activities	-	-	-	-16.39	-	Upgrade
Net Cash Flow	67.4	-44.54	47.16	8.2	49.4	Upgrade
Cash Interest Paid	388.61	412.9	428.37	388.89	414.74	Upgrade
Cash Income Tax Paid	3.58	6.67	0.29	24.89	18.89	Upgrade
Levered Free Cash Flow	351.03	-260.65	349.43	381.13	311.02	Upgrade
Unlevered Free Cash Flow	627.45	29.38	589.08	472.5	484.82	Upgrade
Change in Working Capital	-52.55	-37.08	-21.45	-81.26	-64.28	Upgrade

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