INTRODUCING OUR 2025 IAR

INTRODUCING OUR 2025 INTEGRATED ANNUAL REPORT

Italtile at a glance About our report Our business overview Financial highlights

ITALTILE

at a glance

A PROUDLY SOUTH AFRICAN MANUFACTURER,
FRANCHISOR AND RETAILER OF TILES,
BATHROOMWARE AND OTHER RELATED
HOME-FINISHING PRODUCTS
THIS IS ITALTILE

THIS IS ITALTILE

Our Board of directors Our executive leadership Our purpose Our values and beliefs Our timeline and milestones Our Group structure What sets us apart Retail footprint Manufacturing and export footprint Creating value through our business model The strength of our brands

FOR MORE THAN A DECADE, THANKS TO
A STRONG SUPPLIER PARTNERSHIPS, WE HAVE CURATED

extraordinary ranges

OF LUXURY TILES, TAPS,
SANWARE AND ACCESSORIES
STRATEGIC REVIEW

STRATEGIC REVIEW

Chairperson's statement Strategic focus areas

WELCOMING EVERY CUSTOMER – EACH ONE
DESERVING OF A BEAUTIFUL HOME – INTO OUR

inspiring ambience

AND ENCOURAGING THEM THROUGH
BRANDS THAT WILL ELEVATE THEIR OWN
SURROUNDINGS INTO A DELIGHTFUL SPACE
PERFORMANCE REVIEW

PERFORMANCE REVIEW

Chief Executive Officer's report
Review of operations

Retail brands Supply chain – manufacturers Supply chain – importers Support services
Chief Financial Officer's report Value added statement

WE HAVE SOUND ASSETS, COMPETENT, ENGAGED
AND MOTIVATED TEAMS, ROBUST ICONIC BRANDS,

industry~leading

TECHNOLOGY AND PRODUCTS, AND
THE COMPETITIVE ADVANTAGE OF A
VERTICALLY INTEGRATED SUPPLY CHAIN
SUSTAINABILITY

SUSTAINABILITY

Chief Executive Officer's letter to stakeholders Social and Ethics Committee report The environment we operate in Our stakeholders Strategic management of material risks Human capital and training Transformation report Environmental report Italtile and Ceramic Foundation report Corporate social investment report

OUR SUSTAINABILITY AGENDA IS REINFORCED BY
OUR PRACTICES, PROPERTIES, TECHNOLOGY AND

product offering,

DESIGNED AND MANAGED TO FACILITATE
SUSTAINABILITY
OUR GOVERNANCE

OUR GOVERNANCE

Corporate governance Remuneration Committee report

AT ITALTILE, SOUND GOVERNANCE AND

responsible

CORPORATE CITIZENSHIP UNDERPIN
OUR BUSINESS MODEL
FINANCIAL STATEMENTS

FINANCIAL STATEMENTS

Directors' responsibility statement Chief Executive Officer and Chief Financial Officer's responsibility statement Company Secretary's certificate Directors' report Audit and Risk Committee report Independent auditor's report Statements of comprehensive income Statements of financial position Statements of changes in equity Statements of cash flows Notes to the financial statements Analysis of shareholders

IRRESPECTIVE OF THE EXTERNAL
CHALLENGES, OUR

growth focus

WILL ALWAYS BE ON THE INTERNAL
LEVERS WITHIN OUR CONTROL
INFORMATION FOR SHAREHOLDERS

INFORMATION FOR SHAREHOLDERS

Shareholders' diary Corporate information Notice of virtual annual general meeting Annexure 1 – shareholders' virtual meeting guide Form of proxy Notes to the form of proxy Downloads

FROM OUR FOUNDER TO THE BOARD – TO SEVERAL BRAND-BUILDING EXPERTS, WITH DECADES OF

hands~on experience

ON THE SHOP FLOOR, WHERE RETAIL EXCELLENCE
AND SALES TRAINING ARE CORE DISCIPLINES
OUR DEPTH OF RETAIL EXPERTISE IS VAST

Currently viewing: Statements of cash flows | Next: Notes to the financial statements

Statements of cash flowsfor the year ended 30 June 2025

Company						Group
2025 Rm		2024 Rm			Note	2025 Rm		2024 Rm
(14)		(11)		Cash generated by operations	29	2 666		2 714
1		3		Finance income	7	123		120
–		–		Finance cost	8	(38)		(47)
–		–		Lease liability finance costs	8	(38)		(40)
1 705		639		Dividends received	3.1	–		–
(1 692)		(634)		Dividends paid	33	(1 619)		(606)
(4)		(4)		Taxation paid	30	(462)		(543)
(4)		(7)		Cash flow from operating activities		632		1 598
		–		Additions to property, plant and equipment	13	(234)		(597)
		–		Additions to intangible assets	16	(6)		(12)
		–		Dividend income from associates	17.2	3		2
		–		Proceeds on disposal of property, plant and equipment^*		64		76
		–		Inflows from long-term financial assets	18	18		43
		–		Additions to financial assets at fair value through profit and loss	22	(50)		–
33		53		Repayments from share trust		–		–
		–		Purchase of interest in subsidiaries and associates		–		(22)
(21)		(53)		Loans to related parties		–		–
11		^#		Cash flow from investing activities		(205)		(510)
–		–		Proceeds from loans and borrowings	31	1 000		–
–		–		Repayment of loans and borrowings	31	(1 000)		–
		–		Share scheme vesting	6	(15)		(12)
		–		Acquisition of non-controlling interest		(9)		–
		–		Treasury share movements	6	–		(212)
		–		Lease liability payments	32	(78)		(69)
–		–		Cash flow from financing activities		(102)		(293)
8		(7)		Net movement in cash and cash equivalents for the year		325		795
11		18		Cash and cash equivalents at the beginning of the year		1 844		1 049
19		11		Cash and cash equivalents at the end of the year	24	2 169		1 844

^#	Less than R1 million.
^*	Included in the proceeds on disposal of property, plant and equipment is R14 million relating to non-current assets held for sale.