Airtel Malawi Cash Flow Statement

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

Millions MWK. 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	51,248	42,722	-15,424	36,925	32,335
Depreciation & Amortization	29,420	24,683	17,680	14,280	15,192
Other Amortization	1,358	194.56	132.18	132.18	-
Loss (Gain) From Sale of Assets	-14.44	-95.34	-22.41	12.18	-1,429
Other Operating Activities	15,495	12,882	52,659	5,112	5,722
Change in Accounts Receivable	-232.95	-1,776	1,896	15,294	-3,403
Change in Inventory	-2,775	31.01	-1,078	14.64	-31.1
Change in Accounts Payable	26,815	24,262	7,244	16,139	-6,749
Change in Other Net Operating Assets	1,992	-7,140	-24,369	-5,970	490.96
Operating Cash Flow	123,306	95,764	38,717	81,940	42,129
Operating Cash Flow Growth	28.76%	147.34%	-52.75%	94.50%	1.62%
Capital Expenditures	-34,040	-43,600	-17,241	-15,831	-8,504
Sale of Property, Plant & Equipment	14.44	95.34	22.41	532.78	7,860
Investment in Securities	-8,755	-	-	-	-
Other Investing Activities	3,023	4,192	3,361	3,002	1,864
Investing Cash Flow	-39,758	-39,313	-13,858	-12,297	1,219
Long-Term Debt Repaid	-15,889	-1,964	-1,767	-10,161	-9,596
Net Debt Issued (Repaid)	-15,889	-1,964	-1,767	-10,161	-9,596
Common Dividends Paid	-13,858	-17,318	-26,016	-32,059	-12,492
Other Financing Activities	-25,844	-23,949	-13,884	-6,874	-155.43
Financing Cash Flow	-55,591	-43,231	-41,668	-49,094	-22,243
Miscellaneous Cash Flow Adjustments	-1,000	-	-	-	-
Net Cash Flow	26,957	13,220	-16,809	20,550	21,105
Free Cash Flow	89,266	52,164	21,475	66,109	33,624
Free Cash Flow Growth	71.13%	142.90%	-67.52%	96.61%	51.80%
Free Cash Flow Margin	24.58%	19.25%	11.07%	43.08%	25.52%
Free Cash Flow Per Share	8.12	4.74	1.95	6.01	3.06
Cash Interest Paid	25,730	23,818	13,677	3,029	-
Cash Income Tax Paid	31,895	25,268	17,193	18,826	11,893
Levered Free Cash Flow	105,357	14,902	46,582	63,652	45,913
Unlevered Free Cash Flow	121,331	29,536	55,036	67,844	47,516
Change in Working Capital	25,799	15,377	-16,308	25,478	-9,692

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