P.O.L.I.C.Y. Cash Flow Statement

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

Millions MUR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2019 - 2015
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2019 - 2015
Net Income	88.86	32.89	12.75	9.69	16.58	-5.38	Upgrade
Loss (Gain) From Sale of Investments	-20.22	-20.22	-	-	-2.56	2.43	Upgrade
Other Operating Activities	-30.2	0.12	-5.61	-0.01	1.25	-6.6	Upgrade
Change in Accounts Receivable	0.72	0.72	14.77	38.53	-13.51	-13.93	Upgrade
Change in Accounts Payable	-	-	-	-1.33	-0.05	-37.54	Upgrade
Change in Other Net Operating Assets	0.73	0.73	0.13	-	-	-	Upgrade
Operating Cash Flow	39.89	14.24	22.04	46.88	1.71	-61.02	Upgrade
Operating Cash Flow Growth	3673.89%	-35.39%	-52.99%	2640.03%	-	-	Upgrade
Investment in Securities	91.38	91.38	52.55	-106.76	29.33	69.72	Upgrade
Other Investing Activities	-384.17	0.07	0.37	0.2	0	6.58	Upgrade
Investing Cash Flow	-292.78	91.46	52.92	-106.55	29.33	76.29	Upgrade
Common Dividends Paid	-78.43	-78.43	-22.46	-20.56	-18.02	-15.89	Upgrade
Other Financing Activities	-3.87	-	-	-	-0	-0.13	Upgrade
Financing Cash Flow	-82.3	-78.43	-22.46	-20.56	-18.03	-16.02	Upgrade
Foreign Exchange Rate Adjustments	0.32	4.09	0.2	-	-	-	Upgrade
Net Cash Flow	-334.87	31.36	52.7	-80.23	13.02	-0.74	Upgrade
Cash Interest Paid	-	-	-	-	0	0.13	Upgrade
Cash Income Tax Paid	-	-0.06	0.35	0.05	0.01	-0.02	Upgrade
Levered Free Cash Flow	11.25	-10.38	40.67	25.16	19.55	-83.8	Upgrade
Unlevered Free Cash Flow	11.25	-10.38	40.67	25.16	19.55	-83.72	Upgrade
Change in Working Capital	1.45	1.45	14.9	37.2	-13.55	-51.47	Upgrade

Source: S&P Capital IQ. Standard template. Financial Sources.