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
Period Ending	Jan '26 Jan 31, 2026	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
Net Income	-285.2	15.48	-2,598	1,686	-431.22	-275.53
Depreciation & Amortization	71.86	40.93	40.93	51.66	51.66	51.69
Loss (Gain) From Sale of Assets	-	-	-	-2,651	-	-
Other Operating Activities	-204.38	6.85	-3.85	882.17	-12.63	36.45
Change in Accounts Receivable	54.45	54.45	2,188	-653.64	-56.84	-103.08
Change in Inventory	91.91	91.91	-220.34	-20.38	219.38	253.05
Change in Accounts Payable	95.54	95.54	-420.01	-939.89	213.14	88.21
Change in Other Net Operating Assets	-486.59	-486.59	-	-	-	-
Operating Cash Flow	-662.41	-181.44	-1,014	-1,645	-16.51	36.92
Operating Cash Flow Growth	-	-	-	-	-	-95.03%
Capital Expenditures	-18.44	-9.72	-	-	-	-
Sale of Property, Plant & Equipment	-	-	-	3,058	-	-
Investing Cash Flow	-18.44	-9.72	-	3,058	-	-
Other Financing Activities	-	-	22.75	-	20.16	-36.45
Financing Cash Flow	-	-	22.75	-	20.16	-36.45
Net Cash Flow	-680.85	-191.16	-990.77	1,413	3.66	0.47
Free Cash Flow	-680.85	-191.16	-1,014	-1,645	-16.51	36.92
Free Cash Flow Growth	-	-	-	-	-	-94.53%
Free Cash Flow Margin	-81.34%	-13.36%	-141.09%	-723.79%	-4.65%	12.40%
Free Cash Flow Per Share	-8.94	-2.51	-13.33	-21.64	-0.22	0.49
Cash Income Tax Paid	4.48	2.61	36.89	3.13	-	-
Levered Free Cash Flow	-607.73	-254.21	-15.57	-633.21	353.07	109.23
Unlevered Free Cash Flow	-607.73	-254.21	-15.57	-633.21	353.07	132.01
Change in Working Capital	-244.69	-244.69	1,547	-1,614	375.68	224.32

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