NCBA Group Cash Flow Statement

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

Millions KES. Fiscal year is Jan - Dec.

Fiscal Year	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	21,457	13,865	10,299	4,638
Depreciation & Amortization	1,899	2,236	2,287	2,510
Other Amortization	1,174	1,153	1,195	1,057
Gain (Loss) on Sale of Assets	-8.46	-14.98	67.67	-19.91
Gain (Loss) on Sale of Investments	-565.97	-42.07	-	-
Provision for Credit Losses	9,172	13,020	11,211	20,094
Change in Trading Asset Securities	8.93	-	-	-
Change in Other Net Operating Assets	-62,677	-52,938	940.11	-21,415
Other Operating Activities	-1,374	-1,383	990.99	-1,588
Operating Cash Flow	-30,957	-24,306	26,902	5,119
Operating Cash Flow Growth	-	-	425.56%	166.71%
Capital Expenditures	-806.49	-534.45	-347.86	-724.26
Sale of Property, Plant and Equipment	10.72	16.61	69.12	52.6
Investment in Securities	-10,502	-23,478	-51,148	-17,951
Income (Loss) Equity Investments	-41.7	-203.2	-89.49	-157.88
Purchase / Sale of Intangibles	-3,092	-1,393	-1,567	-739.79
Other Investing Activities	116.67	90	50	73.4
Investing Cash Flow	-14,274	-25,299	-52,944	-19,289
Long-Term Debt Issued	3,055	-	-	-
Long-Term Debt Repaid	-2,515	-3,479	-9,010	-12,622
Net Debt Issued (Repaid)	539.88	-3,479	-9,010	-12,622
Common Dividends Paid	-6,590	-7,002	-3,707	-
Net Increase (Decrease) in Deposit Accounts	76,726	32,786	48,386	43,267
Other Financing Activities	-	-155.17	-	-6.23
Financing Cash Flow	70,676	22,149	35,669	30,639
Foreign Exchange Rate Adjustments	2,639	941.03	-	-
Net Cash Flow	28,085	-26,514	9,626	16,469
Free Cash Flow	-31,763	-24,840	26,554	4,394
Free Cash Flow Growth	-	-	504.26%	626.27%
Free Cash Flow Margin	-58.26%	-52.40%	73.71%	17.12%
Free Cash Flow Per Share	-19.27	-15.08	16.12	2.67
Cash Interest Paid	30,506	21,593	19,483	-
Cash Income Tax Paid	2,850	9,968	3,376	3,670

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