BUA Cement 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	Jun '26 Jun 30, 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	500,022	356,038	73,909	69,455	101,011	90,079
Depreciation & Amortization	47,739	49,252	35,505	25,460	22,533	15,447
Other Amortization	2.78	6.55	9.17	33.53	26.98	24.4
Loss (Gain) From Sale of Assets	-1.92	-1.06	-0.9	-	-	-
Asset Writedown & Restructuring Costs	-	-	-	-	139.66	-
Loss (Gain) From Sale of Investments	-0.19	-0.19	0.31	0.05	-0.28	-5.39
Stock-Based Compensation	-	-	-	-	-	1,926
Provision & Write-off of Bad Debts	-	-	-	3.24	-	-
Other Operating Activities	96,696	141,440	155,139	28,058	29,586	12,092
Change in Accounts Receivable	-32.76	-8.11	-165.24	-49.33	101.69	45,297
Change in Inventory	-1,731	-11,966	-73,992	-33,338	-13,400	-7,563
Change in Accounts Payable	-42,487	5,598	288,022	-15,016	50,118	-1,610
Change in Unearned Revenue	64,792	-8,124	8,820	12,949	13,580	36,448
Change in Other Net Operating Assets	-85,403	-80,875	-81,995	60,057	-56,227	6,822
Operating Cash Flow	579,596	451,361	405,253	147,612	147,468	198,957
Operating Cash Flow Growth	17.60%	11.38%	174.54%	0.10%	-25.88%	209.82%
Capital Expenditures	-124,511	-79,594	-289,727	-110,917	-101,232	-57,614
Sale of Property, Plant & Equipment	10.88	17.47	4.09	-	-	-
Sale (Purchase) of Intangibles	-1,399	-826.35	-1,147	-6,094	-2,147	-1,103
Other Investing Activities	28,976	17,011	18,191	12,882	1,941	640.31
Investing Cash Flow	-96,922	-63,392	-272,679	-104,129	-101,437	-58,077
Long-Term Debt Issued	-	16,565	22,845	325,322	178,449	30,045
Long-Term Debt Repaid	-	-79,083	-219,245	-93,863	-137,057	-103,035
Net Debt Issued (Repaid)	121,504	-62,517	-196,401	231,460	41,393	-72,991
Common Dividends Paid	-408,065	-69,422	-67,729	-94,820	-88,047	-70,000
Other Financing Activities	-48,829	-55,381	-106,864	-46,982	-13,707	-71,513
Financing Cash Flow	-335,391	-187,321	-370,994	89,657	-60,361	-214,504
Foreign Exchange Rate Adjustments	-7,126	-5,018	98,091	43,890	38.32	37.85
Miscellaneous Cash Flow Adjustments	-	-	-	-	-	12,103
Net Cash Flow	140,157	195,631	-140,328	177,031	-14,292	-61,483
Free Cash Flow	455,085	371,767	115,526	36,695	46,236	141,343
Free Cash Flow Growth	67.21%	221.80%	214.83%	-20.64%	-67.29%	-
Free Cash Flow Margin	34.27%	31.52%	13.18%	7.98%	12.81%	54.93%
Free Cash Flow Per Share	13.44	10.98	3.41	1.08	1.36	4.17
Levered Free Cash Flow	272,448	179,664	-16,705	39,574	-484.22	57,996
Unlevered Free Cash Flow	293,432	208,177	18,367	50,879	5,477	58,692
Cash Interest Paid	48,829	55,381	106,864	47,007	13,921	14,462
Cash Income Tax Paid	28,993	2,345	2,478	2,069	1,594	863.32
Change in Working Capital	-64,861	-95,375	140,691	24,602	-5,827	79,394