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

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