Conoil 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	2,009	8,774	9,868	4,958	3,083
Depreciation & Amortization	1,200	751.69	638.54	524.9	746.94
Other Amortization	-	-	-	24.69	13.33
Other Operating Activities	8,183	3,975	3,426	1,980	280.59
Change in Accounts Receivable	-19,921	-6,243	-14,735	-16,720	-3,657
Change in Inventory	7,590	-12,715	-11,280	3,495	-1,367
Change in Accounts Payable	1,105	14,247	-4,374	9,815	-3,648
Change in Other Net Operating Assets	-	6	-0.5	-1.57	-10.76
Operating Cash Flow	167.22	8,796	-16,456	4,077	-4,560
Operating Cash Flow Growth	-98.10%	-	-	-	-
Capital Expenditures	-7,189	-3,155	-734.66	-8.91	-35.52
Sale (Purchase) of Intangibles	-	-	-	-	-2.97
Other Investing Activities	-	9.88	25.59	6.62	0.01
Investing Cash Flow	-7,189	-3,145	-709.07	-2.29	-38.48
Common Dividends Paid	-2,429	-2,429	-1,735	-1,735	-1,041
Other Financing Activities	-10,377	-3,954	-1,955	-1,471	-757.54
Financing Cash Flow	-12,806	-6,383	-3,690	-3,206	-1,798
Miscellaneous Cash Flow Adjustments	0	-	-	-0	-
Net Cash Flow	-19,828	-731.65	-20,855	867.89	-6,397
Free Cash Flow	-7,022	5,641	-17,191	4,068	-4,595
Free Cash Flow Margin	-2.33%	1.75%	-8.54%	3.09%	-3.63%
Free Cash Flow Per Share	-10.12	8.13	-24.77	5.86	-6.62
Cash Interest Paid	10,377	3,946	1,949	1,466	752.69
Cash Income Tax Paid	2,351	1,793	552.35	302.66	1,021
Levered Free Cash Flow	-17,848	-424.08	-22,218	1,482	-6,042
Unlevered Free Cash Flow	-11,362	2,042	-21,001	2,398	-5,571
Change in Working Capital	-11,225	-4,704	-30,389	-3,411	-8,683

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