GHSE:TOTAL Cash Flow Statement

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

Millions GHS. 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	327.36	291.66	171.19	159.81	107.97
Depreciation & Amortization	-	83.82	76.75	67.26	55.11
Other Amortization	-	0.12	0.24	-	-
Loss (Gain) From Sale of Assets	-	-34.48	0.09	-0.26	-0.21
Asset Writedown & Restructuring Costs	-	-	-	-	4.37
Loss (Gain) on Equity Investments	-	-0.71	0.07	0.15	0.35
Provision & Write-off of Bad Debts	-	2.59	-7.18	10.69	-5.27
Other Operating Activities	155.16	-3.25	38.26	-40.96	4.76
Change in Accounts Receivable	148.76	-57.41	-15.61	-296.87	-55.47
Change in Inventory	-25.52	51.27	-54.81	-175.95	-74.26
Change in Accounts Payable	1.95	-62.91	-8.32	376.3	139.42
Change in Other Net Operating Assets	-139.25	40.75	23.52	73.39	-13.56
Operating Cash Flow	468.45	311.45	224.21	173.56	163.2
Operating Cash Flow Growth	50.41%	38.91%	29.18%	6.35%	-12.68%
Capital Expenditures	-99.15	-114.64	-90.67	-104.59	-62.54
Sale of Property, Plant & Equipment	0.24	48.95	0.36	0.52	0.46
Sale (Purchase) of Intangibles	-3.21	-	-	-0.11	-0.1
Investment in Securities	4.24	-	-	-	-
Other Investing Activities	0.13	-0.63	0.17	-	-
Investing Cash Flow	-97.76	-66.32	-90.13	-104.19	-62.18
Long-Term Debt Repaid	-45.9	-36.82	-37.1	-27.63	-22.53
Net Debt Issued (Repaid)	-45.9	-36.82	-37.1	-27.63	-22.53
Common Dividends Paid	-386.36	-154.63	-122.16	-115.26	-27.16
Financing Cash Flow	-432.25	-191.45	-159.26	-142.89	-49.69
Foreign Exchange Rate Adjustments	-6.28	1.37	-5.28	11.45	0.45
Net Cash Flow	-67.84	55.05	-30.47	-62.07	51.77
Free Cash Flow	369.3	196.81	133.54	68.97	100.66
Free Cash Flow Growth	87.64%	47.38%	93.63%	-31.48%	-31.36%
Free Cash Flow Margin	5.60%	2.80%	2.20%	1.21%	3.12%
Free Cash Flow Per Share	3.30	1.76	1.19	0.62	0.90
Cash Interest Paid	25.28	68.26	84.9	22.32	4.29
Cash Income Tax Paid	170.74	118.02	66.95	62.65	41.01
Levered Free Cash Flow	221.62	228.07	167.13	66.71	72.88
Unlevered Free Cash Flow	242.86	229.27	168.75	82.52	77.72
Change in Working Capital	-14.07	-28.31	-55.21	-23.13	-3.88

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