eTranzact International 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	2,969	3,393	2,202	1,175	455.75
Depreciation & Amortization	1,195	658.8	503.79	338.29	293
Other Amortization	-	26.4	43.93	60.97	61.88
Loss (Gain) From Sale of Assets	-	-	-2.19	-0.4	-102.74
Provision & Write-off of Bad Debts	-	-105.67	-71.82	220.17	14.28
Other Operating Activities	18,109	1,281	989.32	460.87	40.46
Change in Accounts Receivable	-	28.99	61.1	23.35	-298.12
Change in Inventory	-	90.8	789.84	-1,808	-703.13
Change in Accounts Payable	-	-8,007	5,720	-56,824	-5.22
Change in Income Taxes	-	-1,015	-283.42	-110.91	-10.71
Change in Other Net Operating Assets	-	6,443	-7,386	51,786	-1,001
Operating Cash Flow	22,272	2,795	2,567	-4,679	-1,255
Operating Cash Flow Growth	696.74%	8.92%	-	-	-
Capital Expenditures	-2,234	-1,703	-996.84	-541.94	-408.6
Sale of Property, Plant & Equipment	-	-	4.31	0.4	-
Sale (Purchase) of Intangibles	-	-	-	-7.26	-47.4
Sale (Purchase) of Real Estate	-	-	-	-	268.16
Investment in Securities	-	-386.49	-85.72	-38.83	17.05
Other Investing Activities	239.66	242.92	94.06	47.62	-2,196
Investing Cash Flow	-1,995	-1,847	-984.18	-540	-2,367
Long-Term Debt Issued	-	-	-	5,772	100
Long-Term Debt Repaid	-71.43	-71.43	-71.43	-71.43	-35.71
Net Debt Issued (Repaid)	-71.43	-71.43	-71.43	5,701	64.29
Issuance of Common Stock	-	-	-	-	3,652
Common Dividends Paid	-1,150	-	-	-	-
Other Financing Activities	-20.04	-26.56	-31.51	-108.83	-134.76
Financing Cash Flow	-1,241	-97.99	-102.94	5,592	3,581
Foreign Exchange Rate Adjustments	-1.24	-	-	-	23.91
Miscellaneous Cash Flow Adjustments	-	0	-0	-	-
Net Cash Flow	19,035	850.42	1,480	372.77	-16.48
Free Cash Flow	20,038	1,092	1,570	-5,221	-1,664
Free Cash Flow Growth	1735.05%	-30.44%	-	-	-
Free Cash Flow Margin	67.19%	3.65%	4.63%	-23.16%	-7.05%
Free Cash Flow Per Share	2.18	0.12	0.17	-0.71	-0.27
Cash Interest Paid	39.28	26.56	31.51	23.77	23.14
Cash Income Tax Paid	1,504	1,015	283.42	110.91	10.71
Levered Free Cash Flow	1,574	825.91	1,391	-5,382	-4,065
Unlevered Free Cash Flow	1,586	837.64	1,415	-5,363	-4,044
Change in Working Capital	-	-2,459	-1,098	-6,934	-2,018

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