Academy Press Cash Flow Statement

Financials in millions NGN. Fiscal year is April - March.

Millions NGN. Fiscal year is Apr - Mar.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Net Income	133.45	722.4	71.99	-23.98	182.62
Depreciation & Amortization	-	122.86	219.79	217.51	214.11
Other Amortization	-	0.25	0.21	0.1	-
Loss (Gain) From Sale of Assets	-	-832.23	-146.82	-10.89	-
Asset Writedown & Restructuring Costs	-	-	-	18.68	0.35
Provision & Write-off of Bad Debts	-	-17.63	-41.22	139.65	69.87
Other Operating Activities	530.15	559.48	454.2	371.9	152.24
Change in Accounts Receivable	-	97.03	429.69	-495.03	-248.63
Change in Inventory	-	-69.42	-847.32	84.07	-123.4
Change in Accounts Payable	-	177.11	48.41	303.13	-78.88
Change in Unearned Revenue	-	-660.13	647.54	-	-
Change in Other Net Operating Assets	-	-	-	-	-0
Operating Cash Flow	663.6	97.9	838.45	605.15	168.27
Operating Cash Flow Growth	577.81%	-88.32%	38.55%	259.63%	-52.72%
Capital Expenditures	-536.91	-289.13	-106.72	-418.4	-93.09
Sale of Property, Plant & Equipment	2.42	857.95	151.51	205.7	-
Sale (Purchase) of Intangibles	-	-0.51	-	-1.67	-
Other Investing Activities	89.07	-	-	-	-
Investing Cash Flow	-445.41	568.31	44.78	-214.37	-93.09
Long-Term Debt Issued	-	-	-	387.45	-
Long-Term Debt Repaid	-90.08	-60	-387.22	-468.14	-183.89
Net Debt Issued (Repaid)	-90.08	-60	-387.22	-80.7	-183.89
Common Dividends Paid	-113.4	-75.6	-75.6	-60.48	-
Other Financing Activities	-	-0.3	-16.57	-247.96	94.81
Financing Cash Flow	-203.48	-135.91	-479.39	-389.14	-89.08
Foreign Exchange Rate Adjustments	-	-34.79	-139.87	-3.19	32.79
Net Cash Flow	14.71	495.52	263.97	-1.55	18.89
Free Cash Flow	126.7	-191.23	731.73	186.75	75.18
Free Cash Flow Growth	-	-	291.82%	148.40%	-59.35%
Free Cash Flow Margin	2.87%	-4.17%	16.23%	4.15%	1.83%
Free Cash Flow Per Share	0.10	-0.21	0.81	0.21	0.08
Cash Interest Paid	-	0.3	16.57	13.38	151.91
Cash Income Tax Paid	-	50.76	51.34	5.07	39.19
Levered Free Cash Flow	-763.73	437.93	-233.81	88	-76.48
Unlevered Free Cash Flow	-704.51	516.2	-121.34	173.44	-9.9
Change in Working Capital	-	-455.41	278.32	-107.82	-450.91

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