Ecobank Ghana 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	1,932	1,823	1,700	632.6	-15.32	581.88
Depreciation & Amortization	90.13	89.59	84.85	65.59	51.32	42.59
Other Amortization	-	-	4.86	17.59	23.26	23.06
Gain (Loss) on Sale of Assets	0.18	-	-133.87	-0.59	-0.7	-0.37
Gain (Loss) on Sale of Investments	-65.25	-	443.05	1,210	1,657	12.08
Total Asset Writedown	-	-	-	-	8.38	-
Provision for Credit Losses	-	-	581.1	601.86	58.3	261.45
Change in Trading Asset Securities	-1,120	-	-222.92	903.66	-	-
Change in Other Net Operating Assets	-2,249	-	-1,780	-862.59	-4,851	-1,192
Other Operating Activities	-2,320	-2,672	-3,996	2,430	-791.8	-57.26
Operating Cash Flow	-3,731	-759.73	-3,319	4,998	-3,860	-328.33
Capital Expenditures	-99.56	-99.33	-44.1	-48.78	-35.73	-17.31
Sale of Property, Plant and Equipment	59.77	60.51	12.65	3.17	0.7	0.37
Investment in Securities	-7,526	-4,939	186.97	-4,539	-1,881	-2,465
Purchase / Sale of Intangibles	-0.54	-0.54	-5.33	-3.03	-2.75	-0.02
Investing Cash Flow	-7,567	-4,978	150.19	-4,588	-1,919	-2,482
Long-Term Debt Issued	-	311.68	289.57	149	-	-
Long-Term Debt Repaid	-	-283.08	-77.95	-85.41	-54.61	-46.13
Net Debt Issued (Repaid)	-17.72	28.6	211.62	63.59	-54.61	-46.13
Common Dividends Paid	-109.67	-109.67	-	-	-199.98	-177.4
Net Increase (Decrease) in Deposit Accounts	6,547	-	9,655	6,430	7,740	1,647
Financing Cash Flow	6,419	-81.07	9,866	6,494	7,485	1,423
Foreign Exchange Rate Adjustments	-336.34	-30.27	2,801	703.86	290.47	10.73
Net Cash Flow	-5,215	-5,849	9,498	7,608	1,996	-1,377
Free Cash Flow	-3,831	-859.06	-3,363	4,949	-3,896	-345.64
Free Cash Flow Margin	-78.73%	-17.68%	-77.67%	141.24%	-308.49%	-18.81%
Free Cash Flow Per Share	-	-2.66	-10.43	15.35	-12.08	-1.07
Cash Interest Paid	1,482	1,493	1,272	672.8	-	-
Cash Income Tax Paid	1,034	1,024	696.9	677.81	507.71	373.69

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