NASE:NSE Cash Flow Statement

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

Millions KES. 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	272.24	116.27	18.4	13.88	130.53
Depreciation & Amortization	15.84	16.69	17.55	26.21	29.51
Other Amortization	22.6	22.42	20.17	22.3	25.4
Loss (Gain) From Sale of Assets	6.98	-0.2	-0.01	0.64	-2.47
Asset Writedown & Restructuring Costs	51.29	20.78	27.5	17.22	-
Loss (Gain) From Sale of Investments	-4.34	1.32	9.67	-	-
Loss (Gain) on Equity Investments	-34.38	-8.7	19.43	46.54	3.39
Stock-Based Compensation	1.55	0.96	0.27	2.43	3.41
Provision & Write-off of Bad Debts	6.77	-5.18	-6.46	-	-
Other Operating Activities	-67.06	-111.95	-127.4	-176.68	-110.96
Change in Accounts Receivable	-133.47	9.8	-22.28	0.9	-22.74
Change in Accounts Payable	50.47	28.52	11.37	18.48	-5.59
Change in Unearned Revenue	32.99	-	-	-	-
Change in Other Net Operating Assets	1.67	1.07	-	-5.91	4.02
Operating Cash Flow	223.15	91.79	-31.78	-33.97	54.5
Operating Cash Flow Growth	143.10%	-	-	-	-53.14%
Capital Expenditures	-	-36.9	-2.08	-7.56	-5.53
Sale of Property, Plant & Equipment	0.53	0.68	0.01	1.1	4.12
Sale (Purchase) of Intangibles	-0.52	-4.21	-19.86	-5.2	-3.65
Investment in Securities	-317.62	-352.88	63.18	-180.18	-1.86
Other Investing Activities	175.26	143.93	111.56	105.54	179.99
Investing Cash Flow	-142.34	-249.39	152.82	-86.31	173.07
Common Dividends Paid	-79.2	-39.93	-49.95	-113.96	-102.53
Other Financing Activities	-	-	-7	-	-23.5
Financing Cash Flow	-79.2	-39.93	-56.95	-243.97	-256.03
Foreign Exchange Rate Adjustments	-0.39	-5.76	4.49	1.39	0.16
Net Cash Flow	1.23	-203.29	68.57	-362.86	-28.31
Free Cash Flow	223.15	54.89	-33.86	-41.53	48.97
Free Cash Flow Growth	306.53%	-	-	-	-53.97%
Free Cash Flow Margin	21.03%	6.73%	-5.29%	-6.57%	6.98%
Free Cash Flow Per Share	0.85	0.21	-0.13	-0.16	0.19
Cash Income Tax Paid	31.41	17.29	27.91	97.36	85.39
Levered Free Cash Flow	618.61	209.52	39.8	-6.46	183.55
Unlevered Free Cash Flow	618.61	209.52	39.8	-6.46	183.55
Change in Working Capital	-48.35	39.38	-10.91	13.48	-24.31

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.