Eterna 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	2,283	1,349	-9,433	1,012	-1,100
Depreciation & Amortization	1,535	1,411	1,335	1,222	1,162
Other Amortization	92.64	133.71	180.66	48.86	49.5
Loss (Gain) From Sale of Assets	195.9	4.17	-	-	-0.8
Asset Writedown & Restructuring Costs	461.27	0.76	2.12	76.24	-
Provision & Write-off of Bad Debts	-	2,388	767.02	312.83	107.33
Other Operating Activities	9,048	25,222	12,511	2,669	1,584
Change in Accounts Receivable	5,495	-13,829	7,053	-4,808	101.1
Change in Inventory	-35,475	3,572	-16,052	847.3	-5,138
Change in Accounts Payable	5,442	-4,444	-265.35	429.57	3,038
Change in Other Net Operating Assets	-73.41	-61.26	139.14	-210.15	15.44
Operating Cash Flow	-10,996	15,746	-3,762	1,649	-180.72
Capital Expenditures	-1,232	-3,888	-935.4	-781.88	-1,777
Sale of Property, Plant & Equipment	74.58	50.93	-	47.36	6.11
Sale (Purchase) of Intangibles	-	-0.12	-	-	-9.68
Investment in Securities	-	-	-	-	-56
Other Investing Activities	-183.22	-554.75	-316.86	-75.46	-432.4
Investing Cash Flow	-1,340	-4,392	-1,252	-844.98	-2,269
Long-Term Debt Issued	143,760	192,627	123,644	78,366	69,475
Long-Term Debt Repaid	-123,317	-199,331	-117,822	-72,013	-60,907
Net Debt Issued (Repaid)	20,443	-6,704	5,822	6,354	8,569
Common Dividends Paid	-	-	-195.62	-	-130.41
Other Financing Activities	-4,940	-9,807	-4,376	-1,632	-1,613
Financing Cash Flow	15,503	-16,511	1,250	4,722	6,825
Foreign Exchange Rate Adjustments	-57.92	-102.87	-93.19	-10.09	11.19
Miscellaneous Cash Flow Adjustments	-	-	-	-	-0
Net Cash Flow	3,109	-5,259	-3,857	5,516	4,386
Free Cash Flow	-12,228	11,859	-4,697	867.48	-1,958
Free Cash Flow Margin	-4.04%	3.78%	-2.56%	0.74%	-2.38%
Free Cash Flow Per Share	-9.38	9.09	-3.60	0.67	-1.50
Cash Interest Paid	4,940	9,807	4,376	1,632	1,613
Cash Income Tax Paid	485.26	361.64	263.34	7.23	203.03
Levered Free Cash Flow	-18,737	-880.32	-3,026	-927.89	-3,013
Unlevered Free Cash Flow	-17,226	3,903	-2,091	-496.48	-2,274
Change in Working Capital	-24,612	-14,762	-9,125	-3,741	-1,983

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