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	2,470	3,393	2,202	1,175	455.75
Depreciation & Amortization	1,195	658.8	503.79	338.29	293
Other Amortization	8.6	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	75.54	-105.67	-71.82	220.17	14.28
Other Operating Activities	100.87	234.79	989.32	460.87	40.46
Change in Accounts Receivable	-605.32	49.81	61.1	23.35	-298.12
Change in Inventory	450.81	90.8	789.84	-1,808	-703.13
Change in Accounts Payable	20,676	-8,007	5,720	-56,824	-5.22
Change in Income Taxes	-	-	-283.42	-110.91	-10.71
Change in Other Net Operating Assets	-20,296	6,443	-7,386	51,786	-1,001
Operating Cash Flow	4,075	2,785	2,567	-4,679	-1,255
Operating Cash Flow Growth	46.34%	8.49%	-	-	-
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	68.25	121.41	-85.72	-38.83	17.05
Other Investing Activities	223.76	121.51	94.06	47.62	-2,196
Investing Cash Flow	-1,942	-1,461	-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	10.97	-	-	23.91
Miscellaneous Cash Flow Adjustments	-	-	-0	-	-
Net Cash Flow	889.79	1,237	1,480	372.77	-16.48
Free Cash Flow	1,840	1,081	1,570	-5,221	-1,664
Free Cash Flow Growth	70.26%	-31.14%	-	-	-
Free Cash Flow Margin	6.01%	3.62%	4.63%	-23.16%	-7.05%
Free Cash Flow Per Share	0.20	0.12	0.17	-0.71	-0.27
Cash Interest Paid	20.04	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	2,118	825.91	1,391	-5,382	-4,065
Unlevered Free Cash Flow	2,125	837.64	1,415	-5,363	-4,044
Change in Working Capital	225.42	-1,423	-1,098	-6,934	-2,018

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