NGX:CONHALLPLC 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	8,444	22,625	3,769	547.01	790.64
Depreciation & Amortization	260.05	214.42	78.63	150.61	121.76
Other Amortization	19.29	12.78	14.43	15.86	11.1
Gain (Loss) on Sale of Assets	-42	-11.66	-4.94	-4.67	-8.06
Gain (Loss) on Sale of Investments	-2,901	-16,205	-1,476	52.2	159.46
Change in Accounts Receivable	-297.08	-2,802	351.3	-229.87	6.07
Reinsurance Recoverable	-3,875	-7,022	-105.94	125	-392.36
Change in Accounts Payable	-	1,039	297.28	-13.33	32.83
Change in Unearned Revenue	32.11	10.41	-	-	-
Change in Insurance Reserves / Liabilities	9,220	15,226	3,051	1,074	265.82
Change in Other Net Operating Assets	-2,180	-641.22	435.94	579.46	15.38
Other Operating Activities	-4,144	-6,105	-4,134	-667.69	-1,106
Operating Cash Flow	4,725	6,384	2,241	1,536	-60.78
Operating Cash Flow Growth	-25.98%	184.88%	45.89%	-	-
Capital Expenditures	-547.14	-401.02	-252.27	-135.84	-110.13
Sale of Property, Plant & Equipment	47.22	22.19	4.94	7.17	28.15
Purchase / Sale of Intangible Assets	-80	-14.39	-	-3.27	-51.22
Investment in Securities	-6,777	-5,146	-4,222	-3,206	-752.29
Other Investing Activities	5,747	3,398	4,159	1,212	1,217
Investing Cash Flow	-1,612	-2,142	-317.06	-2,308	241.57
Short-Term Debt Issued	4,442	1,784	1,506	607.89	142.6
Total Debt Issued	4,442	1,784	1,506	607.89	142.6
Total Debt Repaid	-2,860	-1,889	-1,881	-219.88	-91.81
Net Debt Issued (Repaid)	1,582	-105.3	-374.33	388	50.79
Issuance of Common Stock	-	168.93	-	-	-
Common Dividends Paid	-1,084	-542	-325.2	-216.8	-216.8
Other Financing Activities	0	-	-	-	-
Financing Cash Flow	497.97	-478.37	-699.53	171.2	-166.01
Miscellaneous Cash Flow Adjustments	-0	-0	0	-590.68	-325.66
Net Cash Flow	3,612	3,764	1,224	-1,191	-310.88
Free Cash Flow	4,178	5,983	1,989	1,400	-170.91
Free Cash Flow Growth	-30.16%	200.85%	42.03%	-	-
Free Cash Flow Margin	8.02%	12.20%	10.38%	10.46%	-2.20%
Free Cash Flow Per Share	0.39	0.55	0.18	0.13	-0.02
Cash Income Tax Paid	978.27	253	134.77	131.29	69.73
Levered Free Cash Flow	-5,796	-1,662	333.59	-5,379	201.91
Unlevered Free Cash Flow	-5,796	-1,662	333.59	-5,379	201.91
Change in Working Capital	2,900	5,811	4,030	1,367	-111.18

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