ONATEL-SA Cash Flow Statement

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

Millions XOF. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	15,887	21,471	21,129	22,372	32,374
Depreciation & Amortization	31,065	30,655	31,474	32,965	31,344
Change in Accounts Receivable	-88.52	-4,315	-5,082	-430.57	2,421
Change in Inventory	-17.84	-2,764	-635.9	49.37	-73.64
Change in Other Net Operating Assets	21,641	17,552	4,097	19,656	7,537
Operating Cash Flow	68,487	62,599	50,983	74,613	73,603
Operating Cash Flow Growth	9.41%	22.78%	-31.67%	1.37%	9.20%
Capital Expenditures	-42,996	-39,118	-36,199	-36,639	-21,747
Sale (Purchase) of Intangibles	-1,516	-2,030	-2,085	-3,212	-1,022
Investment in Securities	-712.12	36.95	-858.82	-589.45	77.8
Investing Cash Flow	-45,224	-41,111	-39,143	-40,441	-22,691
Long-Term Debt Issued	20,738	17,282	18,849	6,737	5,298
Long-Term Debt Repaid	-18,503	-17,423	-14,496	-13,971	-19,961
Net Debt Issued (Repaid)	2,235	-141.41	4,353	-7,234	-14,663
Common Dividends Paid	-15,159	-21,129	-22,372	-32,374	-31,052
Other Financing Activities	-5,748	290.16	-	-	-
Financing Cash Flow	-18,671	-20,981	-18,019	-39,609	-45,715
Net Cash Flow	4,592	507.35	-6,179	-5,437	5,197
Free Cash Flow	25,491	23,481	14,785	37,974	51,856
Free Cash Flow Growth	8.56%	58.82%	-61.07%	-26.77%	6.40%
Free Cash Flow Margin	17.30%	16.31%	10.49%	26.01%	33.13%
Free Cash Flow Per Share	-	345.31	217.42	-	-
Levered Free Cash Flow	20,854	17,930	9,748	33,287	47,420
Unlevered Free Cash Flow	24,117	20,973	12,505	35,897	50,157
Change in Working Capital	21,534	10,473	-1,620	19,275	9,884

Updated Apr 19, 2023. Source: S&P Global Market Intelligence. Standard template. Financial Sources.