Telekom Networks Malawi Cash Flow Statement

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

Millions MWK. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	15,763	10,053	-4,932	-1,763	9,691	7,729
Depreciation & Amortization	14,557	15,517	17,154	16,767	13,982	12,092
Other Amortization	2,656	2,656	3,339	2,792	2,351	1,955
Loss (Gain) From Sale of Assets	-256	-256	126	35	49	21.63
Other Operating Activities	29,067	1,317	-3,388	-1,871	650	-729.65
Change in Accounts Receivable	-8,426	-8,426	-4,343	2,230	-5,154	-85.52
Change in Inventory	-378	-378	-304	843	330	-10.18
Change in Accounts Payable	29,695	29,695	17,546	3,462	-3,656	10,500
Change in Unearned Revenue	-1,488	-1,488	-399	1,272	-	-
Change in Other Net Operating Assets	12,136	12,136	5,121	2,986	4,900	1,663
Operating Cash Flow	93,326	60,826	29,920	26,753	23,143	33,134
Operating Cash Flow Growth	157.31%	103.30%	11.84%	15.60%	-30.15%	-8.29%
Capital Expenditures	-26,099	-26,229	-12,259	-15,143	-28,351	-20,287
Sale of Property, Plant & Equipment	225	645	50	71	68	384.92
Sale (Purchase) of Intangibles	-7,211	-7,211	-2,431	-3,147	-473	-746.47
Investment in Securities	-	-	-	-	-81	-
Other Investing Activities	-	-	-	-	-	390.22
Investing Cash Flow	-33,085	-32,795	-14,640	-18,219	-28,837	-20,258
Short-Term Debt Issued	-	4,918	-	3,525	-	-
Long-Term Debt Issued	-	4,947	15,659	18,889	16,160	15,261
Total Debt Issued	4,295	9,865	15,659	22,414	16,160	15,261
Short-Term Debt Repaid	-	-	-220	-	-	-
Long-Term Debt Repaid	-	-22,022	-21,543	-21,825	-7,938	-19,567
Total Debt Repaid	-29,262	-22,022	-21,763	-21,825	-7,938	-19,567
Net Debt Issued (Repaid)	-24,967	-12,157	-6,104	589	8,222	-4,305
Common Dividends Paid	-	-	-	-2,510	-4,016	-6,828
Financing Cash Flow	-7,497	-12,157	-6,104	-1,921	4,206	-11,133
Net Cash Flow	52,744	15,874	9,176	6,613	-1,488	1,744
Free Cash Flow	67,227	34,597	17,661	11,610	-5,208	12,848
Free Cash Flow Growth	317.01%	95.89%	52.12%	-	-	-34.83%
Free Cash Flow Margin	40.04%	24.36%	15.98%	12.05%	-5.49%	14.72%
Free Cash Flow Per Share	6.23	3.45	1.76	1.16	-0.52	1.28
Cash Interest Paid	10,644	11,364	10,176	7,600	4,930	4,186
Cash Income Tax Paid	3,413	4,773	1,612	2,488	4,202	5,548
Levered Free Cash Flow	54,156	31,582	24,672	8,709	-8,046	13,483
Unlevered Free Cash Flow	62,811	39,162	31,546	13,864	-4,326	16,100
Change in Working Capital	31,539	31,539	17,621	10,793	-3,580	12,067

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.