Daar Communications 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	Mar '26 Mar 31, 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	-448.48	-874.66	-2,342	-1,628	-768.07	-733.46
Depreciation & Amortization	1,448	1,427	1,204	817.34	781.21	836.97
Provision & Write-off of Bad Debts	-	-	-	-	-	88.93
Other Operating Activities	948.82	896.16	870.56	1,007	928.33	1,328
Change in Accounts Receivable	-726.81	-47.67	2,398	-2,279	339.4	-734.3
Change in Accounts Payable	-200.64	-712.31	-1,450	2,682	-135.93	-47.99
Change in Other Net Operating Assets	-39.51	-32.08	-99.55	-13.8	-516.18	-28.1
Operating Cash Flow	981.69	656.4	581.13	585.35	628.77	710
Operating Cash Flow Growth	89.10%	12.95%	-0.72%	-6.91%	-11.44%	87.78%
Capital Expenditures	-945.15	-881.09	-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
Other Investing Activities	0.86	-	-	-	-	-
Investing Cash Flow	-884.29	-881.09	-277.69	-695.27	-156.59	-251.8
Long-Term Debt Issued	-	527.68	-	86.15	-	-
Long-Term Debt Repaid	-	-144.67	-217.36	-	-373.61	-389.65
Net Debt Issued (Repaid)	324.66	383.01	-217.36	86.15	-373.61	-389.65
Other Financing Activities	-86.77	-52.83	-12.74	-10.37	-19.82	-42.07
Financing Cash Flow	237.9	330.18	-230.11	75.78	-393.43	-431.72
Miscellaneous Cash Flow Adjustments	0	0	-	-	-	0
Net Cash Flow	335.3	105.5	73.33	-34.14	78.75	26.49
Free Cash Flow	36.54	-224.68	-81.49	290.97	397.88	463.32
Free Cash Flow Growth	-	-	-	-26.87%	-14.12%	206.22%
Free Cash Flow Margin	0.62%	-4.13%	-1.55%	6.45%	8.31%	9.64%
Free Cash Flow Per Share	0.01	-0.03	-0.01	0.04	0.05	0.06
Cash Interest Paid	86.77	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	-1,343	-1,352	-265.63	-47.09	-302.19	-298.32
Unlevered Free Cash Flow	-1,288	-1,319	-259.15	-40.61	-289.8	-272.03
Change in Working Capital	-966.95	-792.06	848.61	388.99	-312.7	-810.38

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