Zambia Forestry and Forest Industries Corporation Plc (LUSE:ZFCO)

LUSE:ZFCO Cash Flow Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	514.05	738.61	1,148	2,578	1,875
Depreciation & Amortization	-	-	-	27.99	22.96
Other Amortization	-	-	-	0.3	0.23
Loss (Gain) From Sale of Assets	-	-	-	-0.05	-
Asset Writedown & Restructuring Costs	-	-	-	-2,969	-2,210
Other Operating Activities	-558.52	-727.8	-1,062	313.66	251.58
Change in Accounts Receivable	-	-	-	-7.67	-7.16
Change in Inventory	-	-	-	-12.18	11.07
Change in Accounts Payable	-	-	-	-19.19	27.37
Change in Other Net Operating Assets	-	-	-	96.83	25.67
Operating Cash Flow	-44.46	10.8	86.2	9.22	-3.16
Operating Cash Flow Growth	-	-87.47%	835.21%	-	-
Capital Expenditures	-	-	-	-43.97	-27.32
Sale of Property, Plant & Equipment	-	-	-	0.61	-
Sale (Purchase) of Intangibles	-	-	-	-0.54	-0.08
Other Investing Activities	-142.08	-65.26	-56.82	0.3	3.72
Investing Cash Flow	-142.08	-65.26	-56.82	-43.6	-23.69
Long-Term Debt Repaid	-	-	-	-0.4	-0.2
Net Debt Issued (Repaid)	-	-	-	-0.4	-0.2
Common Dividends Paid	-	-	-	-10.79	-36.23
Other Financing Activities	465.58	22.62	-6.86	-	-
Financing Cash Flow	465.58	22.62	-6.86	-11.19	-36.43
Foreign Exchange Rate Adjustments	1.23	0.64	-	-	-
Net Cash Flow	280.27	-31.2	22.52	-45.58	-63.28
Free Cash Flow	-44.46	10.8	86.2	-34.75	-30.48
Free Cash Flow Growth	-	-87.47%	-	-	-
Free Cash Flow Margin	-9.65%	3.25%	20.35%	-9.00%	-8.31%
Free Cash Flow Per Share	-0.11	0.03	0.24	-0.09	-0.08
Cash Income Tax Paid	-	-	-	9.93	31.54
Levered Free Cash Flow	-35.33	568.12	802.93	-81.98	-62.01
Unlevered Free Cash Flow	-16.48	572.28	805.3	-81.83	-61.98
Change in Working Capital	-	-	-	57.78	56.94

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