Tanzania Cigarette Cash Flow Statement

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

Millions TZS. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	137,214	135,381	115,273	66,233	69,206	59,555
Depreciation & Amortization	12,017	12,077	12,235	11,702	14,714	14,145
Loss (Gain) From Sale of Assets	137	192	-149	-101	-6,168	-4,841
Provision & Write-off of Bad Debts	-76	-76	-26	-5	80	-1,034
Other Operating Activities	1,244	-909	1,843	1,047	713	2,920
Change in Accounts Receivable	29,311	16,323	-1,741	-576	-13,609	-6,398
Change in Inventory	-2,549	15,673	-21,983	-47,506	-2,847	-4,577
Change in Accounts Payable	-30,582	-27,343	-8,121	51,658	2,071	-1,136
Change in Other Net Operating Assets	-	-	-	-	-	125
Operating Cash Flow	146,716	151,318	97,331	82,452	64,160	58,759
Operating Cash Flow Growth	14.01%	55.47%	18.05%	28.51%	9.19%	3.86%
Capital Expenditures	-19,592	-20,670	-19,755	-15,509	-8,297	-7,493
Sale of Property, Plant & Equipment	611	545	705	513	6,596	6,731
Other Investing Activities	121	121	-	-	-	-
Investing Cash Flow	-18,860	-20,004	-19,050	-14,996	-1,701	-762
Short-Term Debt Issued	-	-	23,139	48,392	18,635	20,763
Total Debt Issued	-	-	23,139	48,392	18,635	20,763
Short-Term Debt Repaid	-	-	-55,670	-27,555	-27,177	-
Long-Term Debt Repaid	-	-369	-422	-611	-439	-446
Total Debt Repaid	-500	-369	-56,092	-28,166	-27,616	-446
Net Debt Issued (Repaid)	-500	-369	-32,953	20,226	-8,981	20,317
Common Dividends Paid	-95,000	-95,000	-50,000	-67,000	-60,000	-55,000
Financing Cash Flow	-95,500	-95,369	-82,953	-46,774	-68,981	-59,683
Foreign Exchange Rate Adjustments	2,670	6,060	107	2,191	-169	342
Net Cash Flow	35,026	42,005	-4,565	22,873	-6,691	-1,344
Free Cash Flow	127,124	130,648	77,576	66,943	55,863	51,266
Free Cash Flow Growth	17.30%	68.41%	15.88%	19.83%	8.97%	8.75%
Free Cash Flow Margin	25.02%	25.75%	17.06%	17.92%	16.40%	16.39%
Free Cash Flow Per Share	1271.13	1306.66	775.76	669.43	558.63	512.66
Cash Interest Paid	4	4	2,979	1,302	561	33
Cash Income Tax Paid	46,673	60,675	45,039	37,891	40,185	25,859
Levered Free Cash Flow	118,174	123,900	70,587	66,593	58,021	49,606
Unlevered Free Cash Flow	119,874	125,554	73,130	68,669	59,305	50,574
Change in Working Capital	-3,820	4,653	-31,845	3,576	-14,385	-11,986

Source: S&P Global Market Intelligence. Standard template. Financial Sources.