Fan Milk PLC (GHSE:FML)

Fan Milk Cash Flow Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	50.99	49.46	24.01	-41.6	-13.43	0.51
Depreciation & Amortization	27.65	27.5	28.92	31.54	31.84	31.44
Loss (Gain) From Sale of Assets	-0.18	-0.18	-0.06	-1.2	-2.27	-0.37
Loss (Gain) From Sale of Investments	3.25	3.25	2.79	1.96	4.32	2.48
Other Operating Activities	37.63	14.04	-0.46	-5.99	-11.74	-5.43
Change in Accounts Receivable	50.28	50.28	-73.48	-45.96	-35.22	-56.11
Change in Inventory	-8.65	-8.65	45.42	17.11	-73.71	2.23
Change in Accounts Payable	7.52	7.52	-0.24	21.73	113.65	64.56
Change in Other Net Operating Assets	0.36	0.36	0.31	0.57	-0.01	-1.07
Operating Cash Flow	168.86	143.58	27.22	-21.84	13.42	38.26
Operating Cash Flow Growth	79.99%	427.57%	-	-	-64.92%	409.86%
Capital Expenditures	-42.63	-39.97	-7.42	-11.7	-47.03	-22.83
Sale of Property, Plant & Equipment	4.75	4.75	2.67	1.78	6.17	1.2
Sale (Purchase) of Intangibles	-	-	-	-	-0.16	-0.01
Investing Cash Flow	17.24	-35.22	-4.74	-9.93	-41.03	-21.64
Long-Term Debt Issued	-	-	-	30	40	-
Long-Term Debt Repaid	-	-57	-17.83	-2.49	-0.83	-1.6
Net Debt Issued (Repaid)	-57	-57	-17.83	27.51	39.17	-1.6
Common Dividends Paid	-11.66	-8.17	-0.04	-0	-0.01	-0.03
Financing Cash Flow	-68.66	-65.17	-17.87	27.51	39.16	-1.63
Net Cash Flow	117.46	43.18	4.6	-4.26	11.56	14.99
Free Cash Flow	126.23	103.61	19.8	-33.54	-33.61	15.43
Free Cash Flow Growth	59.35%	423.28%	-	-	-	-
Free Cash Flow Margin	14.50%	15.15%	3.60%	-6.25%	-7.18%	4.13%
Free Cash Flow Per Share	1.09	0.89	0.17	-0.29	-0.29	0.13
Cash Interest Paid	5.84	12.66	27.28	21.76	3.33	2.03
Cash Income Tax Paid	24.02	11.07	13.5	16.24	4.3	5.76
Levered Free Cash Flow	128.39	91.24	-1.91	-14.37	-26.9	17.09
Unlevered Free Cash Flow	132.04	99.16	15.14	-0.78	-24.82	18.06
Change in Working Capital	49.51	49.51	-27.98	-6.55	4.71	9.62

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