Daar Communications 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	-634.21	-2,342	-1,628	-768.07	-733.46
Depreciation & Amortization	1,389	1,204	817.34	781.21	836.97
Provision & Write-off of Bad Debts	-	-	-	-	88.93
Other Operating Activities	859.08	870.56	1,007	928.33	1,328
Change in Accounts Receivable	-153.67	2,398	-2,279	339.4	-734.3
Change in Accounts Payable	-833.03	-1,450	2,682	-135.93	-47.99
Change in Other Net Operating Assets	-3.69	-99.55	-13.8	-516.18	-28.1
Operating Cash Flow	623.5	581.13	585.35	628.77	710
Operating Cash Flow Growth	7.29%	-0.72%	-6.91%	-11.44%	87.78%
Capital Expenditures	-939.4	-662.63	-294.38	-230.89	-246.68
Sale (Purchase) of Intangibles	-	-15.96	-	-	-
Investment in Securities	-	400.89	-400.89	74.3	-5.12
Investing Cash Flow	-939.4	-277.69	-695.27	-156.59	-251.8
Long-Term Debt Issued	650.48	-	86.15	-	-
Long-Term Debt Repaid	-173.06	-217.36	-	-373.61	-389.65
Net Debt Issued (Repaid)	477.42	-217.36	86.15	-373.61	-389.65
Other Financing Activities	-52.83	-12.74	-10.37	-19.82	-42.07
Financing Cash Flow	424.59	-230.11	75.78	-393.43	-431.72
Miscellaneous Cash Flow Adjustments	-	-	-	-	0
Net Cash Flow	108.69	73.33	-34.14	78.75	26.49
Free Cash Flow	-315.9	-81.49	290.97	397.88	463.32
Free Cash Flow Growth	-	-	-26.87%	-14.12%	206.22%
Free Cash Flow Margin	-5.76%	-1.55%	6.45%	8.31%	9.64%
Free Cash Flow Per Share	-0.04	-0.01	0.04	0.05	0.06
Cash Interest Paid	52.83	12.74	10.37	19.82	42.07
Cash Income Tax Paid	10	-	14.83	73.27	166.98
Levered Free Cash Flow	-1,819	-267.12	-47.09	-302.19	-298.32
Unlevered Free Cash Flow	-1,786	-259.15	-40.61	-289.8	-272.03
Change in Working Capital	-990.39	848.61	388.99	-312.7	-810.38

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