Beta Glass Cash Flow Statement

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

Millions NGN. 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	33,459	13,627	6,442	4,685	5,458
Depreciation & Amortization	8,135	5,601	4,208	4,277	3,423
Other Amortization	-	3.93	4.21	4.42	4.42
Loss (Gain) From Sale of Assets	-1,121	-38.76	-11.23	-132.83	-219.87
Loss (Gain) From Sale of Investments	-	-	-59.22	-	59.23
Provision & Write-off of Bad Debts	-	1,696	559.67	27.94	0.46
Other Operating Activities	5,440	11,926	329.51	2,514	-176.84
Change in Accounts Receivable	2,844	-18,743	4,590	-11,247	-3,093
Change in Inventory	-160.88	-5,217	-8,126	-438.05	-1,725
Change in Accounts Payable	-4,826	8,881	9,307	2,097	3,675
Operating Cash Flow	43,770	17,516	17,244	1,788	7,405
Operating Cash Flow Growth	149.89%	1.58%	864.56%	-75.86%	120.32%
Capital Expenditures	-40,842	-7,735	-13,459	-5,959	-3,681
Sale of Property, Plant & Equipment	1,124	38.76	17.04	142.41	226.85
Other Investing Activities	174.39	-12,241	-4,666	601.45	437.15
Investing Cash Flow	-39,543	-19,938	-18,109	-5,216	-3,017
Short-Term Debt Issued	16,855	5,035	7,715	10,103	5,404
Long-Term Debt Issued	36,679	-	-	-	-
Total Debt Issued	53,534	5,035	7,715	10,103	5,404
Short-Term Debt Repaid	-30,189	-16,172	-1,963	-5,334	-4,695
Total Debt Repaid	-30,189	-16,172	-1,963	-5,334	-4,695
Net Debt Issued (Repaid)	23,346	-11,137	5,752	4,769	708.37
Common Dividends Paid	-1,640	-839.95	-701.96	-549.97	-519.97
Other Financing Activities	-16,491	-1,176	-1,987	-609.46	-229.44
Financing Cash Flow	5,215	-13,153	3,063	3,609	-41.04
Foreign Exchange Rate Adjustments	-365.39	-580.1	8,819	-274.7	0.02
Miscellaneous Cash Flow Adjustments	-	-	-	-	-59.23
Net Cash Flow	9,076	-16,156	11,017	-93.26	4,288
Free Cash Flow	2,928	9,780	3,784	-4,172	3,724
Free Cash Flow Growth	-70.06%	158.44%	-	-	1219.01%
Free Cash Flow Margin	1.96%	8.32%	6.02%	-7.68%	10.07%
Free Cash Flow Per Share	4.88	16.30	6.31	-6.95	6.21
Cash Interest Paid	16,430	1,182	2,010	630.71	244.64
Cash Income Tax Paid	6,098	2,445	2,060	448.61	2,168
Levered Free Cash Flow	-8,120	-23,181	-6,376	-4,482	1,835
Unlevered Free Cash Flow	-4,689	-17,068	-5,120	-4,088	1,988
Change in Working Capital	-2,143	-15,079	5,771	-9,588	-1,143

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