Kenya Airways Cash Flow Statement

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

Millions KES. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 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
Net Income	-7,156	5,511	-22,717	-38,252	-15,882	-36,227
Depreciation & Amortization	19,229	19,229	15,527	14,875	16,136	21,244
Other Amortization	315	315	954	509	473	502
Asset Writedown & Restructuring Costs	-1,926	-1,926	214	461	129	7,037
Other Operating Activities	15,830	3,373	28,348	32,009	7,980	7,966
Change in Accounts Receivable	-1,543	-1,543	-4,294	-5,191	554	3,188
Change in Inventory	-223	-223	-530	-121	21	-58
Change in Accounts Payable	-1,904	-1,904	11,179	4,744	620	6,891
Change in Unearned Revenue	-2,994	-2,994	9,268	8,059	-3,016	-951
Change in Other Net Operating Assets	-2,098	-2,098	-13,492	-6,727	-2,106	-3,111
Operating Cash Flow	17,530	17,740	24,457	10,366	4,909	6,481
Operating Cash Flow Growth	-25.66%	-27.46%	135.94%	111.16%	-24.26%	-59.35%
Capital Expenditures	-7,791	-7,791	-8,135	-7,560	-2,658	-1,598
Sale of Property, Plant & Equipment	9	9	13	6	18	15
Sale (Purchase) of Intangibles	-19	-19	-53	-19	-	-74
Other Investing Activities	1,818	333	316	3,240	1,057	693
Investing Cash Flow	-5,983	-7,468	-7,859	-4,333	-1,583	-964
Long-Term Debt Issued	-	7,504	1,402	26,393	14,000	11,000
Total Debt Issued	7,504	7,504	1,402	26,393	14,000	11,000
Long-Term Debt Repaid	-	-19,534	-19,555	-28,841	-18,886	-11,829
Total Debt Repaid	-19,534	-19,534	-19,555	-28,841	-18,886	-11,829
Net Debt Issued (Repaid)	-12,030	-12,030	-18,153	-2,448	-4,886	-829
Other Financing Activities	188	-7	-53	-47	-73	-55
Financing Cash Flow	-11,842	-12,037	-18,206	-2,495	-4,959	-884
Foreign Exchange Rate Adjustments	-219	-219	-260	-279	-	-
Net Cash Flow	-515	-1,984	-1,868	3,259	-1,633	4,633
Free Cash Flow	9,739	9,949	16,322	2,806	2,251	4,883
Free Cash Flow Growth	-36.95%	-39.05%	481.68%	24.66%	-53.90%	-65.45%
Free Cash Flow Margin	5.68%	5.28%	9.14%	2.40%	3.21%	9.25%
Free Cash Flow Per Share	-	1.34	2.80	0.48	0.39	0.84
Cash Interest Paid	488	3,106	3,690	5,528	3,217	3,659
Cash Income Tax Paid	74	76	56	82	65	42
Levered Free Cash Flow	39,527	-1,761	40,252	1,186	1,459	12,478
Unlevered Free Cash Flow	47,249	5,961	49,325	7,730	6,595	18,174
Change in Working Capital	-8,762	-8,762	2,131	764	-3,927	5,959

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.