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	321.79	291.66	171.19	159.81	107.97
Depreciation & Amortization	89.82	83.82	76.75	67.26	55.11
Other Amortization	0.6	0.12	0.24	-	-
Loss (Gain) From Sale of Assets	-0.19	-34.48	0.09	-0.26	-0.21
Asset Writedown & Restructuring Costs	-	-	-	-	4.37
Loss (Gain) From Sale of Investments	-0.86	-	-	-	-
Loss (Gain) on Equity Investments	-	-0.71	0.07	0.15	0.35
Provision & Write-off of Bad Debts	6.29	2.59	-7.18	10.69	-5.27
Other Operating Activities	23.36	-3.25	38.26	-40.96	4.76
Change in Accounts Receivable	149.38	-57.41	-15.61	-296.87	-55.47
Change in Inventory	-14.6	51.27	-54.81	-175.95	-74.26
Change in Accounts Payable	-77.14	-62.91	-8.32	376.3	139.42
Change in Other Net Operating Assets	-46.92	40.75	23.52	73.39	-13.56
Operating Cash Flow	451.53	311.45	224.21	173.56	163.2
Operating Cash Flow Growth	44.98%	38.91%	29.18%	6.35%	-12.68%
Capital Expenditures	-99.43	-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	4.26	-	-	-	-
Other Investing Activities	0.13	-0.63	0.17	-	-
Investing Cash Flow	-98.01	-66.32	-90.13	-104.19	-62.18
Long-Term Debt Repaid	-28.3	-36.82	-37.1	-27.63	-22.53
Net Debt Issued (Repaid)	-28.3	-36.82	-37.1	-27.63	-22.53
Common Dividends Paid	-386.36	-154.63	-122.16	-115.26	-27.16
Financing Cash Flow	-414.66	-191.45	-159.26	-142.89	-49.69
Foreign Exchange Rate Adjustments	-6.71	1.37	-5.28	11.45	0.45
Net Cash Flow	-67.84	55.05	-30.47	-62.07	51.77
Free Cash Flow	352.11	196.81	133.54	68.97	100.66
Free Cash Flow Growth	78.91%	47.38%	93.63%	-31.48%	-31.36%
Free Cash Flow Margin	6.28%	3.21%	2.20%	1.21%	3.12%
Free Cash Flow Per Share	3.15	1.76	1.19	0.62	0.90
Cash Interest Paid	33.98	68.26	84.9	22.32	4.29
Cash Income Tax Paid	159.93	118.02	66.95	62.65	41.01
Levered Free Cash Flow	322.48	228.07	167.13	66.71	72.88
Unlevered Free Cash Flow	323.28	229.27	168.75	82.52	77.72
Change in Working Capital	10.73	-28.31	-55.21	-23.13	-3.88

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