Guinness Nigeria Cash Flow Statement

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

Millions NGN. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Dec '25 Dec 31, 2025	Jun '25 Jun 30, 2025	Jun '24 Jun 30, 2024	Jun '23 Jun 30, 2023	Jun '22 Jun 30, 2022
Net Income	27,442	6,885	-54,767	-18,168	15,651
Depreciation & Amortization	12,721	11,616	9,931	9,394	8,606
Other Amortization	327.35	263.95	149.77	88.39	1.77
Loss (Gain) From Sale of Assets	-14.51	-47.02	-1,583	-1,514	-1,693
Asset Writedown & Restructuring Costs	519.62	851.3	789.29	73.52	542.82
Stock-Based Compensation	19.71	29.57	82.88	-58.99	229.64
Provision & Write-off of Bad Debts	-2,512	-108.04	15.99	9.11	-405.35
Other Operating Activities	282.2	11,825	59,221	22,347	-1,520
Change in Accounts Receivable	-13,807	-34,589	14,601	2,590	1,213
Change in Inventory	-2,411	-34,341	-6,624	-6,436	-11,586
Change in Accounts Payable	12,560	83,908	-13,018	25,867	17,354
Change in Other Net Operating Assets	-12,715	-7,858	81.76	189.71	-276.34
Operating Cash Flow	22,412	38,436	8,881	34,380	28,119
Operating Cash Flow Growth	-41.69%	332.79%	-74.17%	22.27%	-46.32%
Capital Expenditures	-27,358	-26,172	-10,132	-9,917	-9,533
Sale of Property, Plant & Equipment	123.18	220.78	1,583	1,514	1,697
Sale (Purchase) of Intangibles	-4,486	-	-58.35	-127.59	-
Other Investing Activities	355.77	343.95	2,379	2,213	991.45
Investing Cash Flow	-31,365	-25,607	-6,229	-6,317	-6,844
Long-Term Debt Issued	-	75,051	3,890	12,384	34,329
Total Debt Issued	147,223	75,051	3,890	12,384	34,329
Long-Term Debt Repaid	-	-61,219	-49,848	-9,853	-19,517
Total Debt Repaid	-145,668	-61,219	-49,848	-9,853	-19,517
Net Debt Issued (Repaid)	1,555	13,832	-45,959	2,531	14,812
Common Dividends Paid	-689.71	-57.17	-7.66	-6,565	-1,008
Other Financing Activities	-16,223	-71,089	-8,390	-4,851	-1,753
Financing Cash Flow	-15,358	-57,315	-54,356	-8,885	12,052
Foreign Exchange Rate Adjustments	-1,929	-2,001	3,561	3,843	-91.42
Net Cash Flow	-26,239	-46,487	-48,143	23,021	33,235
Free Cash Flow	-4,945	12,264	-1,251	24,463	18,586
Free Cash Flow Growth	-	-	-	31.62%	-53.63%
Free Cash Flow Margin	-1.01%	15.49%	-0.42%	10.66%	8.99%
Free Cash Flow Per Share	-2.26	5.60	-0.57	11.17	8.48
Cash Interest Paid	16,223	91,004	8,390	4,851	1,912
Cash Income Tax Paid	3,003	1,999	4,960	9,477	642.32
Levered Free Cash Flow	-	-82,450	63,856	46,723	19,114
Unlevered Free Cash Flow	-	-82,450	69,113	49,233	19,547
Change in Working Capital	-16,373	7,120	-4,960	22,210	6,706

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.