Unilever Ghana 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	94.36	58.05	141.35	15.08	0.35
Depreciation & Amortization	-	19.91	19.08	14.6	13.33
Loss (Gain) From Sale of Assets	-	0.01	-0.32	-0.08	-0.04
Asset Writedown & Restructuring Costs	-	-	20.58	0.6	0.05
Other Operating Activities	108.61	-26.16	53.24	-10.46	-1.54
Change in Accounts Receivable	-	-7.51	-8.05	-9.21	1.12
Change in Inventory	-	-27.39	26.91	-36.59	5.39
Change in Accounts Payable	-	-9.09	28.78	-5.53	-11.1
Change in Other Net Operating Assets	-	33.34	-79.49	-30.37	25.42
Operating Cash Flow	202.97	41.17	202.09	-61.95	3.03
Operating Cash Flow Growth	393.07%	-79.63%	-	-	-95.21%
Capital Expenditures	-18.79	-21.2	-22.95	-16.04	-17.59
Sale of Property, Plant & Equipment	-	-	0.32	0.08	0.05
Divestitures	-	-	-	39.75	-
Other Investing Activities	-10.8	-	-	-	-
Investing Cash Flow	-29.6	-21.2	-22.63	23.79	-17.54
Long-Term Debt Repaid	-7.67	-12.22	-0.24	-3.74	-1.34
Net Debt Issued (Repaid)	-7.67	-12.22	-0.24	-3.74	-1.34
Common Dividends Paid	-37.5	-28.04	-19.24	-	-11.54
Financing Cash Flow	-45.17	-40.26	-19.48	-3.74	-12.88
Foreign Exchange Rate Adjustments	-14.79	10.87	5.78	10.45	0.54
Net Cash Flow	113.42	-9.42	165.77	-31.45	-26.85
Free Cash Flow	184.18	19.97	179.14	-77.99	-14.56
Free Cash Flow Growth	822.27%	-88.85%	-	-	-
Free Cash Flow Margin	17.72%	2.15%	19.71%	-12.35%	-2.76%
Free Cash Flow Per Share	2.95	0.32	2.87	-1.25	-0.23
Cash Interest Paid	4.74	4.73	10	18.45	2.92
Cash Income Tax Paid	57.24	50.84	14.96	1.07	2.1
Levered Free Cash Flow	133.56	36.28	124.63	-30.14	-58.49
Unlevered Free Cash Flow	136.53	39.24	130.88	-18.6	-56.66
Change in Working Capital	-	-10.66	-31.85	-81.69	20.84

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