NASE:BAT Cash Flow Statement

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

Millions KES. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2016 - 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	2016 - 2020
Net Income	5,330	4,483	5,568	6,892	6,483	5,517	Upgrade
Depreciation & Amortization	703.74	703.74	698.63	629.68	590.52	534.66	Upgrade
Loss (Gain) From Sale of Assets	-1.45	-1.45	-	-	0.76	-4.84	Upgrade
Asset Writedown & Restructuring Costs	211.07	211.07	186.1	22.14	-22.08	320.36	Upgrade
Other Operating Activities	-919.95	-453.95	-300.12	-489.58	555.01	-623.86	Upgrade
Change in Accounts Receivable	401.15	401.15	1,082	-667	348.85	-1,092	Upgrade
Change in Inventory	2,317	2,317	-2,010	227.9	-155.67	1,692	Upgrade
Change in Accounts Payable	115.82	115.82	296.47	-362.54	-465.61	-1,640	Upgrade
Change in Other Net Operating Assets	100.96	100.96	35.92	-633.81	-1,100	41.87	Upgrade
Operating Cash Flow	8,259	7,878	5,558	5,619	6,235	4,746	Upgrade
Operating Cash Flow Growth	38.06%	41.74%	-1.08%	-9.89%	31.38%	-37.84%	Upgrade
Capital Expenditures	-322.02	-322.02	-439.36	-751.5	-570.11	-1,292	Upgrade
Sale of Property, Plant & Equipment	1,105	1,105	-	-	-	12.06	Upgrade
Investing Cash Flow	307.89	782.89	-439.36	-751.5	-570.11	-1,280	Upgrade
Long-Term Debt Repaid	-	-40.58	-27.4	-28.03	-20.99	-43.75	Upgrade
Net Debt Issued (Repaid)	-40.58	-40.58	-27.4	-28.03	-20.99	-43.75	Upgrade
Common Dividends Paid	-5,000	-5,000	-5,700	-5,500	-4,500	-3,350	Upgrade
Financing Cash Flow	-4,519	-5,041	-5,727	-5,528	-4,521	-3,394	Upgrade
Foreign Exchange Rate Adjustments	-50.53	-50.53	61.4	-	-	-	Upgrade
Net Cash Flow	3,998	3,570	-547.46	-660.75	1,144	72.95	Upgrade
Free Cash Flow	7,937	7,556	5,119	4,867	5,665	3,455	Upgrade
Free Cash Flow Growth	43.19%	47.62%	5.16%	-14.09%	63.99%	-44.26%	Upgrade
Free Cash Flow Margin	30.84%	29.38%	20.03%	17.78%	22.28%	13.63%	Upgrade
Free Cash Flow Per Share	79.37	75.56	51.19	48.67	56.65	34.55	Upgrade
Cash Interest Paid	57.03	57.03	250.78	79.45	105.36	177.83	Upgrade
Cash Income Tax Paid	2,042	2,523	2,688	3,527	2,234	2,497	Upgrade
Levered Free Cash Flow	4,094	7,800	4,612	3,792	4,950	2,643	Upgrade
Unlevered Free Cash Flow	4,094	7,877	4,732	3,844	5,019	2,763	Upgrade
Change in Working Capital	2,935	2,935	-594.73	-1,435	-1,372	-997.56	Upgrade

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