National Breweries Cash Flow Statement

Financials in millions ZMW. Fiscal year is April - March.

Millions ZMW. Fiscal year is Apr - Mar.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Net Income	277.25	-442.5	-545.54	-237.6	-120.29
Depreciation & Amortization	-	-	19.7	26.19	-
Other Amortization	-	-	0.17	0.21	-
Other Operating Activities	1.75	21.7	-0.79	5.19	46.21
Change in Accounts Receivable	-	-	-35.95	-9.97	-
Change in Inventory	-	-	-16.3	-7.68	-
Change in Accounts Payable	-	-	178.93	85.66	-
Change in Other Net Operating Assets	-265.59	389.97	406.96	141.23	-37.2
Operating Cash Flow	13.42	-30.84	7.18	3.33	-111.28
Operating Cash Flow Growth	-	-	115.72%	-	-
Capital Expenditures	-4.3	-8.66	-14.18	-23.73	-11.67
Sale of Property, Plant & Equipment	0.23	-	-	-	-
Investing Cash Flow	-4.07	-8.66	-14.18	-23.73	-11.67
Short-Term Debt Issued	-	-	-	-	168.72
Long-Term Debt Issued	100.09	100	19.34	71.57	-
Total Debt Issued	100.09	100	19.34	71.57	168.72
Long-Term Debt Repaid	-102.54	-62.21	-24.77	-25.95	-38.62
Total Debt Repaid	-102.54	-62.21	-24.77	-25.95	-38.62
Net Debt Issued (Repaid)	-2.45	37.8	-5.43	45.63	130.1
Financing Cash Flow	-2.45	37.8	-5.43	45.63	130.1
Foreign Exchange Rate Adjustments	-1.28	-	0.87	-5.19	-5.66
Net Cash Flow	5.62	-1.7	-11.57	20.04	1.49
Free Cash Flow	9.12	-39.5	-7.01	-20.4	-122.94
Free Cash Flow Margin	2.50%	-9.06%	-1.31%	-8.02%	-53.07%
Free Cash Flow Per Share	0.14	-0.63	-0.11	-0.32	-1.95
Cash Interest Paid	-	-	2.42	43.29	-
Cash Income Tax Paid	23.46	3.87	-	-	-
Levered Free Cash Flow	-378.82	99.12	391.91	82.87	69.68
Unlevered Free Cash Flow	-296.06	168.48	427.58	109.92	89.73
Change in Working Capital	-265.59	389.97	533.64	209.34	-37.2