| ZAR billions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 30.2 | 108.3 | 66.8 | 18.1 | 9.7 | 15.3 | +58.3% | |
| Depreciation & amortization | 4.6 | 4.9 | 5.8 | 6.3 | 7.8 | 8.2 | +5.3% | |
| Stock-based compensation | 0.0 | 0.2 | 0.3 | 0.3 | 0.3 | 0.0 | −100.0% | |
| Change in working capital | (11.0) | 19.3 | (15.1) | (4.1) | 8.5 | (2.7) | −132.1% | |
| Operating cash flow | 23.6 | 96.5 | 45.4 | 16.6 | 26.8 | 29.3 | +9.3% | |
| Capital expenditure | (9.4) | (13.6) | (17.0) | (20.9) | (19.0) | (17.2) | +9.3% | |
| Acquisitions | 3.4 | (0.3) | (0.0) | (0.5) | (0.0) | 0.0 | +696.3% | |
| Investing cash flow | (6.1) | (9.8) | (11.0) | (16.3) | (17.6) | (16.8) | +4.8% | |
| Dividends paid | (13.7) | (55.7) | (54.6) | (12.1) | (5.1) | (16.8) | −232.7% | |
| Share buybacks | (0.3) | (0.0) | (0.2) | (0.2) | (0.4) | (0.4) | +6.7% | |
| Debt issued / repaid | (0.1) | (0.1) | (0.0) | 7.0 | (1.1) | (1.9) | −74.7% | |
| Financing cash flow | (14.9) | (57.8) | (57.5) | (7.7) | (8.3) | (19.8) | −137.6% | |
| Free cash flow | 14.2 | 82.9 | 28.4 | (4.3) | 7.9 | 12.1 | +54.0% | |
| Net change in cash | (0.1) | 31.5 | (21.9) | (5.2) | 1.1 | (20.7) | −2032.3% |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
Statements are reported in ZAR; the shares trade in GBP.
