Africa Prudential Cash Flow Statement

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

Millions NGN. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	2,754	2,717	1,810	962.91	1,493	1,415
Depreciation & Amortization	129.7	128.67	61.6	55	52.66	52.37
Other Amortization	78.55	87	78.11	53.47	25.46	28.34
Loss (Gain) From Sale of Assets	-3.86	-3.86	-2.61	-2.38	-	-0.18
Loss (Gain) From Sale of Investments	15.53	-	229.7	7.58	-7.89	7.58
Provision & Write-off of Bad Debts	213.5	213.5	109.45	44.61	-2.23	29.13
Other Operating Activities	1,154	590.91	481.69	-21.48	85.45	155.94
Change in Accounts Receivable	125.5	322.43	253.04	-615.31	-944.06	-464.85
Change in Accounts Payable	-2,050	-1,273	1,403	94.32	40.1	18.28
Change in Other Net Operating Assets	5,909	5,316	8,591	3,335	2,785	-2,440
Operating Cash Flow	8,326	8,099	13,015	3,914	3,528	-1,218
Operating Cash Flow Growth	-23.32%	-37.77%	232.55%	10.93%	-	-
Capital Expenditures	-31.67	-34.95	-58.48	-138.76	-385.29	-21.96
Sale of Property, Plant & Equipment	3.86	3.86	9.32	3.11	-	0.76
Sale (Purchase) of Intangibles	-43.34	-1.62	-9.07	-287.85	-106	-27.84
Investment in Securities	-6,261	-7,230	-15,929	1,894	-2,065	2,113
Other Investing Activities	86.36	83.39	103.13	33.62	23.98	14.61
Investing Cash Flow	-6,246	-7,179	-15,884	1,504	-2,532	2,079
Long-Term Debt Repaid	-	-	-	-6.56	-11.19	-0.68
Net Debt Issued (Repaid)	-	-	-	-6.56	-11.19	-0.68
Common Dividends Paid	-1,600	-1,600	-1,200	-1,000	-1,000	-1,000
Other Financing Activities	-22.52	-22.52	-	-	-	-
Financing Cash Flow	-1,623	-1,623	-1,200	-1,007	-1,011	-1,001
Miscellaneous Cash Flow Adjustments	0	0	-	-0.29	-0.09	-
Net Cash Flow	458.07	-702.63	-4,070	4,411	-15.55	-139.56
Free Cash Flow	8,295	8,064	12,956	3,775	3,143	-1,240
Free Cash Flow Growth	-23.54%	-37.76%	243.23%	20.12%	-	-
Free Cash Flow Margin	673.96%	671.31%	1198.31%	432.60%	165.12%	-90.01%
Free Cash Flow Per Share	2.07	2.02	3.24	0.94	0.79	-0.31
Cash Interest Paid	-	-	-	-	1.06	1.46
Cash Income Tax Paid	641.5	867.3	414.62	558.52	557.88	426.02
Levered Free Cash Flow	3,919	4,050	9,966	1,435	1,526	4,926
Unlevered Free Cash Flow	3,919	4,050	9,966	1,436	1,526	4,927
Change in Working Capital	3,985	4,366	10,247	2,814	1,881	-2,886

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