DAR:NICO Cash Flow Statement

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

Millions TZS. 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	11,439	9,065	6,787	5,920	4,051
Depreciation & Amortization	364.62	3,581	88.43	103.37	33.04
Loss (Gain) From Sale of Assets	54.3	-641.25	-	-	-
Loss (Gain) From Sale of Investments	-	-	-	16,905	-
Other Operating Activities	823.71	2,148	2,064	-19,331	-678.88
Change in Accounts Receivable	361.97	16,532	-17,172	-484.47	-106.64
Change in Accounts Payable	273.67	-987.15	1,436	-90.04	85.09
Change in Other Net Operating Assets	-	-	-	-	-81.84
Operating Cash Flow	13,318	29,698	-6,797	3,023	3,302
Operating Cash Flow Growth	-55.16%	-	-	-8.45%	566.45%
Capital Expenditures	-13.32	-23,410	-423.52	-264.41	-149.08
Cash Acquisitions	-	-168.98	-	-	-
Investment in Securities	-1,421	-9,397	10,022	-10,022	11,074
Other Investing Activities	-	7,429	-7,745	-1,754	0
Investing Cash Flow	-1,434	-25,547	1,853	-12,041	10,925
Long-Term Debt Issued	-	-	-	21,600	-
Long-Term Debt Repaid	-3,535	-3,602	-2,014	-67.61	-
Total Debt Repaid	-3,535	-3,602	-2,014	-67.61	-
Net Debt Issued (Repaid)	-3,535	-3,602	-2,014	21,532	-
Common Dividends Paid	-3,052	-2,223	-1,950	-1,114	-696.81
Other Financing Activities	-1,714	-2,128	-2,431	-87.69	-13,658
Financing Cash Flow	-8,300	-7,952	-6,395	20,331	-14,355
Net Cash Flow	3,583	-3,801	-11,338	11,313	-128.5
Free Cash Flow	13,304	6,288	-7,220	2,758	3,153
Free Cash Flow Growth	111.57%	-	-	-12.51%	554.11%
Free Cash Flow Margin	76.17%	26.49%	-64.91%	32.92%	55.32%
Free Cash Flow Per Share	216.32	102.03	-117.15	44.75	51.15
Cash Interest Paid	1,714	2,128	2,425	11.22	-
Cash Income Tax Paid	553.89	615.78	362.89	277.34	217.72
Levered Free Cash Flow	10,874	9,990	-18,545	1,322	2,831
Unlevered Free Cash Flow	10,874	11,347	-17,019	1,329	2,831
Change in Working Capital	635.64	15,545	-15,736	-574.51	-103.39

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.