TPS Eastern Africa 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	-	1,282	403.26	337.59	-624.88
Depreciation & Amortization	-	669.72	598.87	614.26	631.14
Loss (Gain) From Sale of Assets	-	1.81	0.71	0.93	62.09
Asset Writedown & Restructuring Costs	-	-	79.52	89.52	-
Loss (Gain) on Equity Investments	-	-19.67	-22.96	-33.51	41.23
Other Operating Activities	1,988	-123.43	1,096	640.44	117.75
Change in Accounts Receivable	-	-48.65	-242.65	-69.02	-289.11
Change in Inventory	-	14.62	-97.89	-65.05	23.66
Change in Accounts Payable	-	-21.25	419.96	-171.45	173.45
Change in Other Net Operating Assets	-	-	-	-	-5.84
Operating Cash Flow	1,988	1,755	2,235	1,344	129.48
Operating Cash Flow Growth	13.29%	-21.48%	66.33%	937.74%	-
Capital Expenditures	-1,061	-771.07	-580.34	-280.23	-63.09
Sale of Property, Plant & Equipment	8.93	5.34	2.97	2.67	35.47
Investment in Securities	-213.95	-441.39	-450.78	-	-
Investing Cash Flow	-1,266	-1,207	-1,028	-277.56	-27.63
Long-Term Debt Issued	-	113.06	481.77	235.58	277.17
Long-Term Debt Repaid	-522.84	-729	-1,489	-824.24	-147.26
Total Debt Repaid	-522.84	-729	-1,489	-824.24	-147.26
Net Debt Issued (Repaid)	-522.84	-615.93	-1,008	-588.66	129.91
Common Dividends Paid	-98.93	-36.1	-	-1.88	-0.7
Other Financing Activities	-22.2	-	-	-	-
Financing Cash Flow	-643.97	-652.04	-1,008	-590.54	129.21
Foreign Exchange Rate Adjustments	4.2	7.5	18.05	6.45	-4.23
Net Cash Flow	82.75	-96.66	217.23	482.06	226.83
Free Cash Flow	927.55	983.94	1,655	1,063	66.39
Free Cash Flow Growth	-5.73%	-40.54%	55.59%	1501.83%	-
Free Cash Flow Margin	8.89%	9.42%	17.08%	14.98%	1.96%
Free Cash Flow Per Share	3.29	3.48	5.85	4.58	0.36
Cash Interest Paid	-	491.98	550.98	237.03	43.13
Cash Income Tax Paid	-	207.41	122.99	116.98	38.78
Levered Free Cash Flow	-121.15	613.95	865.93	651.93	277.07
Unlevered Free Cash Flow	124.99	922.66	1,210	831.64	462.57
Change in Working Capital	-	-55.28	79.42	-305.51	-97.84

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