Telekom Networks 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	-	10,053	-4,932	-1,763	9,691
Depreciation & Amortization	-	15,517	17,154	16,767	13,982
Other Amortization	-	2,656	3,339	2,792	2,351
Loss (Gain) From Sale of Assets	-	-256	126	35	49
Other Operating Activities	64,130	1,317	-3,388	-1,871	650
Change in Accounts Receivable	-	-8,426	-4,343	2,230	-5,154
Change in Inventory	-	-378	-304	843	330
Change in Accounts Payable	-	29,695	17,546	3,462	-3,656
Change in Unearned Revenue	-	-1,488	-399	1,272	-
Change in Other Net Operating Assets	-	12,136	5,121	2,986	4,900
Operating Cash Flow	64,130	60,826	29,920	26,753	23,143
Operating Cash Flow Growth	5.43%	103.30%	11.84%	15.60%	-30.15%
Capital Expenditures	-26,580	-26,229	-12,259	-15,143	-28,351
Sale of Property, Plant & Equipment	-	645	50	71	68
Sale (Purchase) of Intangibles	-4,290	-7,211	-2,431	-3,147	-473
Investment in Securities	-	-	-	-	-81
Investing Cash Flow	-30,870	-32,795	-14,640	-18,219	-28,837
Short-Term Debt Issued	-	4,918	-	3,525	-
Long-Term Debt Issued	4,500	4,947	15,659	18,889	16,160
Total Debt Issued	4,500	9,865	15,659	22,414	16,160
Short-Term Debt Repaid	-5,430	-	-220	-	-
Long-Term Debt Repaid	-23,080	-22,022	-21,543	-21,825	-7,938
Total Debt Repaid	-28,510	-22,022	-21,763	-21,825	-7,938
Net Debt Issued (Repaid)	-24,010	-12,157	-6,104	589	8,222
Issuance of Common Stock	29,540	-	-	-	-
Common Dividends Paid	-2,310	-	-	-2,510	-4,016
Financing Cash Flow	3,220	-12,157	-6,104	-1,921	4,206
Net Cash Flow	36,480	15,874	9,176	6,613	-1,488
Free Cash Flow	37,550	34,597	17,661	11,610	-5,208
Free Cash Flow Growth	8.54%	95.89%	52.12%	-	-
Free Cash Flow Margin	18.05%	24.36%	15.98%	12.05%	-5.49%
Free Cash Flow Per Share	3.40	3.45	1.76	1.16	-0.52
Cash Interest Paid	-	11,364	10,176	7,600	4,930
Cash Income Tax Paid	-	4,773	1,612	2,488	4,202
Levered Free Cash Flow	-4,538	31,582	24,672	8,709	-8,046
Unlevered Free Cash Flow	6,812	39,162	31,546	13,864	-4,326
Change in Working Capital	-	31,539	17,621	10,793	-3,580

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