FTN Cocoa Processors Cash Flow Statement

Financials in millions NGN. Fiscal year is January - December.

Millions NGN. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	1,277	-252.65	-9,530	-10,650	-431.19	-1,479
Depreciation & Amortization	806.91	805.91	349.25	112.92	112.85	95.76
Other Operating Activities	-823.87	537.1	10,872	10,386	146.44	1,247
Change in Accounts Receivable	-351.65	-533.34	-2,125	-20.22	3.09	-25.93
Change in Inventory	-982.15	-708.58	7.23	-56.61	44.12	127.51
Change in Accounts Payable	-35.2	42.63	-113.36	-292.28	-	-9.08
Change in Income Taxes	-66.63	-66.63	-	-	-	-
Change in Other Net Operating Assets	3,018	3,018	-1,736	1,659	69.79	-
Operating Cash Flow	2,842	2,842	-2,277	1,139	-54.9	-43.47
Capital Expenditures	-56.99	-68.62	-207.03	-457.03	-3.87	-6.7
Other Investing Activities	-541.52	-537.1	-307.22	-209.74	-146.12	-
Investing Cash Flow	-598.51	-605.72	-514.25	-666.77	-150	-6.7
Long-Term Debt Issued	-	958.97	9,495	-	-	15.16
Long-Term Debt Repaid	-	-	-	-231.77	-653.58	-
Net Debt Issued (Repaid)	-606.67	958.97	9,495	-231.77	-653.58	15.16
Issuance of Common Stock	-	-	-	-	850	-
Other Financing Activities	-779.15	-2,649	-7,502	629.36	-	-
Financing Cash Flow	-1,386	-1,690	1,992	397.6	196.42	15.16
Miscellaneous Cash Flow Adjustments	-0	-0	-	-	0	-
Net Cash Flow	857.91	545.82	-798.44	869.88	-8.48	-35.01
Free Cash Flow	2,785	2,773	-2,484	682.03	-58.77	-50.17
Free Cash Flow Margin	45.18%	49.10%	-180.53%	-	-94.50%	-17.25%
Free Cash Flow Per Share	0.66	0.66	-0.64	0.17	-0.01	-0.01
Cash Interest Paid	-	-	-	209.74	-	-
Cash Income Tax Paid	-	-	20.97	-	-	-
Levered Free Cash Flow	-3,787	-1,822	-2,560	-1,092	-51.32	-129.75
Unlevered Free Cash Flow	-3,448	-1,486	-2,368	-961.04	40.01	60.88
Change in Working Capital	1,582	1,752	-3,967	1,290	117	92.5