Benso Oil Palm Plantation Cash Flow Statement

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

Millions GHS. 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	67.5	84.54	95.26	102.81	160.35	92.42
Depreciation & Amortization	18.79	18.79	15.06	10.64	7.09	5.57
Other Amortization	0.07	0.07	0.07	0.07	0.01	-
Loss (Gain) From Sale of Assets	-1.53	-1.53	-0.07	-0.25	0.25	-0.09
Asset Writedown & Restructuring Costs	-3.36	-3.36	-1.96	-	-1.62	-2.69
Other Operating Activities	29.8	6.18	1.14	-0.9	-9.06	6.27
Change in Inventory	-9.23	-9.23	-0.08	2.76	-17.39	-2.99
Change in Accounts Payable	-5.09	-5.09	-2.66	3.57	6.78	11.43
Change in Other Net Operating Assets	44.79	44.79	-18.51	61.6	-19.94	-74.45
Operating Cash Flow	141.73	135.16	88.26	180.31	126.48	35.49
Operating Cash Flow Growth	-1.92%	53.14%	-51.05%	42.56%	256.42%	13.20%
Capital Expenditures	-35.85	-29.6	-30.94	-54.58	-39.71	-13.02
Sale of Property, Plant & Equipment	2.7	2.7	0.07	2.79	1.13	0.09
Other Investing Activities	-41.61	-41.61	-22.88	-14.85	-10.41	-5.14
Investing Cash Flow	-74.76	-68.51	-53.75	-66.64	-48.99	-18.07
Long-Term Debt Issued	-	-	-	-	-	0.36
Long-Term Debt Repaid	-	-0.32	-0.32	-0.32	-0.32	-0.32
Net Debt Issued (Repaid)	-0.32	-0.32	-0.32	-0.32	-0.32	0.04
Common Dividends Paid	-66.87	-44.3	-66.99	-78.49	-67.02	-7.12
Other Financing Activities	-	-	-	-2.17	-1.27	-0.79
Financing Cash Flow	-67.19	-44.62	-67.31	-80.99	-68.62	-7.87
Foreign Exchange Rate Adjustments	-3.07	-3.07	3.29	5.12	5.87	0.62
Net Cash Flow	-3.29	18.96	-29.51	37.8	14.74	10.16
Free Cash Flow	105.88	105.56	57.31	125.73	86.77	22.47
Free Cash Flow Growth	-5.07%	84.18%	-54.42%	44.91%	286.15%	23.63%
Free Cash Flow Margin	30.02%	28.61%	16.52%	35.76%	25.48%	10.49%
Free Cash Flow Per Share	3.04	3.03	1.65	3.61	2.49	0.65
Cash Income Tax Paid	11	15.7	18.41	21.42	33.19	8.03
Levered Free Cash Flow	46.72	108.69	31.65	79.31	39.13	-4.59
Unlevered Free Cash Flow	46.97	108.94	31.89	79.55	39.37	-4.34
Change in Working Capital	30.47	30.47	-21.25	67.92	-30.54	-66

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