NGX:CAVERTON 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	-11,751	-53,472	-12,654	-5,127	-4,304
Depreciation & Amortization	6,210	4,263	4,566	6,269	2,926
Other Amortization	-	70.96	70.96	71.88	54.09
Loss (Gain) From Sale of Assets	-	-	-1,316	-1,354	-0.02
Loss (Gain) on Equity Investments	-	-165.26	4.89	238.45	-226.95
Provision & Write-off of Bad Debts	-	2,991	2,379	402.31	148.2
Other Operating Activities	20,803	29,817	22,815	4,463	9,478
Change in Accounts Receivable	4,776	-23,477	6,501	-1,826	-7,007
Change in Inventory	-	-95.71	-152.15	-410.57	-2,231
Change in Accounts Payable	-9,555	34,062	6,621	-2,060	6,410
Change in Unearned Revenue	-	456.43	-208.73	-551.14	-835.92
Change in Other Net Operating Assets	-20.48	20.08	192.6	0.73	529.44
Operating Cash Flow	10,463	-5,530	28,819	116.51	4,942
Operating Cash Flow Growth	-	-	24636.10%	-97.64%	11.27%
Capital Expenditures	-	-1,443	-4,694	-459.12	-3,441
Sale of Property, Plant & Equipment	-	-	5,528	3,887	5,211
Sale (Purchase) of Intangibles	-	-	-4.15	-0.05	-283.96
Investment in Securities	-	490.14	-5.77	-34.37	-450
Other Investing Activities	5,503	52	24.93	11.47	3.27
Investing Cash Flow	5,503	-900.74	849.12	3,405	1,039
Long-Term Debt Issued	-	18,430	10,726	9,281	9,090
Long-Term Debt Repaid	-15,723	-30,264	-19,479	-15,787	-7,108
Net Debt Issued (Repaid)	-15,723	-11,834	-8,753	-6,507	1,981
Other Financing Activities	-	-2,384	-2,891	-1,219	-1,935
Financing Cash Flow	-15,723	-14,217	-11,644	-7,726	46.61
Foreign Exchange Rate Adjustments	-	-	-	173.49	-2,081
Miscellaneous Cash Flow Adjustments	-	-	-	-0	-
Net Cash Flow	242.66	-20,648	18,024	-4,031	3,946
Free Cash Flow	10,463	-6,973	24,125	-342.61	1,501
Free Cash Flow Growth	-	-	-	-	-44.74%
Free Cash Flow Margin	40.62%	-17.35%	75.42%	-1.17%	4.32%
Free Cash Flow Per Share	3.12	-2.08	7.20	-0.10	0.45
Cash Interest Paid	-	2,384	2,757	1,219	1,935
Cash Income Tax Paid	-1,398	10	60	115.55	4.21
Levered Free Cash Flow	-826.78	7,638	11,549	-6,564	-4,804
Unlevered Free Cash Flow	8,751	14,352	15,105	-3,271	-1,149
Change in Working Capital	-4,799	10,966	12,954	-4,847	-3,134

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