Ikeja Hotel 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	8,187	7,088	2,003	-3,954	17.75
Depreciation & Amortization	592.92	409.61	441.67	627.15	750.84
Other Amortization	2.24	3.08	2.49	12.51	72.45
Loss (Gain) From Sale of Assets	-	-	-0.65	3,670	-42.76
Asset Writedown & Restructuring Costs	-	65.63	59.99	-1.59	-0.71
Loss (Gain) From Sale of Investments	-	-	59.63	-	-
Provision & Write-off of Bad Debts	-	87.52	-30.87	32.77	30.77
Other Operating Activities	418.3	802.51	2,079	1,466	617.15
Change in Accounts Receivable	-270.78	-885.97	-132.31	309.22	-482.13
Change in Inventory	37.82	-1.24	-27.84	23.69	-115.99
Change in Accounts Payable	243.26	765.41	-66.01	-1,455	629.59
Change in Unearned Revenue	-	-	-	-	25.06
Change in Other Net Operating Assets	174.16	-749.33	-161.13	-49.97	-235.63
Operating Cash Flow	9,385	7,585	4,226	681.55	1,266
Operating Cash Flow Growth	23.73%	79.46%	520.13%	-46.18%	-
Capital Expenditures	-1,338	-794	-808.54	-158.75	-520.4
Sale of Property, Plant & Equipment	0.82	0.67	0.65	1.8	42.76
Divestitures	-	-	-	3,115	-
Sale (Purchase) of Intangibles	-	-0.3	-1.62	-3.29	-7.38
Investment in Securities	-	-	2,273	-	-
Other Investing Activities	2,620	1,487	521.15	129.84	11.54
Investing Cash Flow	1,282	693.1	1,985	3,084	-473.49
Common Dividends Paid	-254.38	-181.88	-155.91	-	-
Other Financing Activities	-	-0.29	-18.08	-4.25	-
Financing Cash Flow	-254.38	-182.16	-173.99	-4.25	-
Miscellaneous Cash Flow Adjustments	0	-	-	-	-
Net Cash Flow	10,413	8,096	6,037	3,762	792.9
Free Cash Flow	8,047	6,791	3,418	522.8	745.99
Free Cash Flow Growth	18.50%	98.68%	553.78%	-29.92%	-
Free Cash Flow Margin	31.14%	36.21%	30.76%	4.05%	7.56%
Free Cash Flow Per Share	3.77	3.14	1.58	0.25	0.36
Cash Interest Paid	-	0.29	1.39	-	-
Cash Income Tax Paid	690.91	355.91	281.13	104.13	100.1
Levered Free Cash Flow	8,272	2,018	209.97	-3,668	529.24
Unlevered Free Cash Flow	8,272	2,849	952.51	-3,006	1,120
Change in Working Capital	184.45	-871.12	-387.29	-1,172	-179.11

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