Geregu Power 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	18,923	27,251	27,425	16,053	10,171	20,550
Depreciation & Amortization	3,672	4,968	10,720	2,579	2,556	4,611
Other Amortization	0.03	0.03	-	4.69	6.52	6.52
Loss (Gain) on Sale of Assets	-	-	-	-	-	0.73
Loss (Gain) on Sale of Investments	-	-	-	-	3,727	743.37
Change in Accounts Receivable	20,840	-	-	-	-5,570	2,155
Change in Inventory	98.76	-	-	-	-65.37	285.07
Change in Accounts Payable	-31,612	-	-	-	2,896	-8,943
Change in Other Net Operating Assets	28.93	-	-	-	-6,320	188.61
Other Operating Activities	-14,178	-12,615	-11,634	36,910	1,021	6,850
Operating Cash Flow	2,978	19,603	26,511	55,546	8,423	26,448
Operating Cash Flow Growth	-93.19%	-26.05%	-52.27%	559.46%	-68.15%	803.18%
Capital Expenditures	-309.5	-1,409	-41,276	-933.5	-588.18	-599.35
Sale of Property, Plant & Equipment	8.34	-	-	-	12.6	11.92
Other Investing Activities	3,623	4,117	13,105	6,271	1,714	-36.14
Investing Cash Flow	3,321	2,708	-28,171	5,338	1,138	-623.57
Long-Term Debt Issued	-	13,849	9,700	20,581	76,085	10,000
Long-Term Debt Repaid	-	-14,894	-11,841	-37,510	-17,127	-1,667
Net Debt Issued (Repaid)	-188.74	-1,045	-2,141	-16,929	58,958	8,333
Common Dividends Paid	-	-21,250	-20,000	-20,000	-21,000	-37,582
Other Financing Activities	-13,325	-13,533	-5,900	-5,832	-	948.06
Financing Cash Flow	-13,513	-35,828	-28,041	-42,762	37,958	-28,301
Foreign Exchange Rate Adjustments	-12.84	-20.06	-619.09	502.27	157.25	1,649
Miscellaneous Cash Flow Adjustments	-0	-	0	0	-	0
Net Cash Flow	-7,226	-13,537	-30,321	18,625	47,677	-827.9
Free Cash Flow	2,669	18,194	-14,766	54,613	7,835	25,849
Free Cash Flow Growth	94.77%	-	-	597.05%	-69.69%	838.33%
Free Cash Flow Margin	1.56%	9.84%	-10.77%	65.87%	16.45%	36.43%
Free Cash Flow Per Share	1.07	7.28	-5.91	21.84	3.13	10.34
Cash Interest Paid	14,169	14,452	5,900	5,832	-	-
Cash Income Tax Paid	250	250	3,626	7,639	4,144	511.23
Levered Free Cash Flow	3,196	1,755	-11,943	46,896	-1,115	19,651
Unlevered Free Cash Flow	10,366	9,624	-5,552	53,666	3,463	20,250
Change in Working Capital	-10,644	-	-	-	-9,060	-6,314

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