Nigerian Enamelware Cash Flow Statement

Financials in millions NGN. Fiscal year is May - April.

Millions NGN. Fiscal year is May - Apr.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	2016 - 2020
Period Ending	Jul '25 Jul 31, 2025	Apr '25 Apr 30, 2025	Apr '24 Apr 30, 2024	Apr '23 Apr 30, 2023	Apr '22 Apr 30, 2022	Apr '21 Apr 30, 2021	2016 - 2020
Net Income	-172.93	15.48	-2,598	1,686	-431.22	-275.53	Upgrade
Depreciation & Amortization	51.16	40.93	40.93	51.66	51.66	51.69	Upgrade
Loss (Gain) From Sale of Assets	-	-	-	-2,651	-	-	Upgrade
Other Operating Activities	12.22	6.85	-3.85	882.17	-12.63	36.45	Upgrade
Change in Accounts Receivable	54.45	54.45	2,188	-653.64	-56.84	-103.08	Upgrade
Change in Inventory	91.91	91.91	-220.34	-20.38	219.38	253.05	Upgrade
Change in Accounts Payable	95.54	95.54	-420.01	-939.89	213.14	88.21	Upgrade
Change in Other Net Operating Assets	-486.59	-486.59	-	-	-	-	Upgrade
Operating Cash Flow	-354.23	-181.44	-1,014	-1,645	-16.51	36.92	Upgrade
Operating Cash Flow Growth	-	-	-	-	-	-95.03%	Upgrade
Capital Expenditures	-13.98	-9.72	-	-	-	-	Upgrade
Sale of Property, Plant & Equipment	-	-	-	3,058	-	-	Upgrade
Investing Cash Flow	-13.98	-9.72	-	3,058	-	-	Upgrade
Other Financing Activities	-	-	22.75	-	20.16	-36.45	Upgrade
Financing Cash Flow	-	-	22.75	-	20.16	-36.45	Upgrade
Net Cash Flow	-368.21	-191.16	-990.77	1,413	3.66	0.47	Upgrade
Free Cash Flow	-368.21	-191.16	-1,014	-1,645	-16.51	36.92	Upgrade
Free Cash Flow Growth	-	-	-	-	-	-94.53%	Upgrade
Free Cash Flow Margin	-40.07%	-13.36%	-141.09%	-723.79%	-4.65%	12.40%	Upgrade
Free Cash Flow Per Share	-4.84	-2.51	-13.33	-21.64	-0.22	0.49	Upgrade
Cash Income Tax Paid	-	2.61	36.89	3.13	-	-	Upgrade
Levered Free Cash Flow	-358.5	-254.21	-15.57	-633.21	353.07	109.23	Upgrade
Unlevered Free Cash Flow	-358.5	-254.21	-15.57	-633.21	353.07	132.01	Upgrade
Change in Working Capital	-244.69	-244.69	1,547	-1,614	375.68	224.32	Upgrade

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