International Breweries Plc (NGX:INTBREW)

International Breweries Cash Flow Statement

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

Operating Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	47,940	50,914	-113,615	-70,026	-21,626	-17,657
Depreciation & Amortization	71,405	64,906	48,143	40,058	42,298	38,488
Other Amortization	2,605	2,605	1,818	994.9	649.09	470.91
Loss (Gain) From Sale of Assets	-	-	1,727	821.58	-	-4.38
Asset Writedown & Restructuring Costs	5,595	3,090	-	9,054	12,054	1,505
Loss (Gain) From Sale of Investments	227.93	58.86	453.98	1,334	-	241.57
Provision & Write-off of Bad Debts	-	-	-	-	33.82	-
Other Operating Activities	39,922	36,999	317,922	49,590	2,403	5,265
Change in Accounts Receivable	23,854	45,462	-98,289	10,750	3,225	-9,875
Change in Inventory	-2,589	-8,037	-41,201	-21,589	-4,374	-8,348
Change in Accounts Payable	14,034	-56,682	31,967	57,607	8,005	41,955
Operating Cash Flow	202,993	139,316	148,926	78,594	42,667	52,042
Operating Cash Flow Growth	12.53%	-6.45%	89.49%	84.20%	-18.01%	2.58%

Investing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Capital Expenditures	-108,431	-111,133	-71,694	-45,793	-58,591	-27,956
Sale of Property, Plant & Equipment	-	-	-	-	-	4.38
Sale (Purchase) of Intangibles	-	-	-	-	-	-332.13
Investment in Securities	2,606	33,553	-27,000	86,214	-	11,897
Other Investing Activities	18,592	16,008	8,980	9,191	-7,933	-70,109
Investing Cash Flow	-87,233	-61,573	-89,715	49,613	-66,524	-86,496

Financing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Short-Term Debt Issued	-	-	-	-	-	76,768
Long-Term Debt Issued	-	-	62,000	41,618	81,713	-
Total Debt Issued	-	-	62,000	41,618	81,713	76,768
Short-Term Debt Repaid	-	-	-	-	-	-20,689
Long-Term Debt Repaid	-	-23,131	-612,905	-67,429	-70,221	-4,729
Total Debt Repaid	-25,004	-23,131	-612,905	-67,429	-70,221	-25,418
Net Debt Issued (Repaid)	-25,004	-23,131	-550,905	-25,812	11,493	51,350
Issuance of Common Stock	-	-	516,218	-	-	-
Common Dividends Paid	-	-	-	-	-	-5.79
Other Financing Activities	728.34	-	-46,366	-5,470	-18,412	-894.88
Financing Cash Flow	-24,275	-23,131	-81,054	-31,282	-6,920	50,449

Net Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Foreign Exchange Rate Adjustments	-7,389	-8,407	-1,286	-577.46	-	-
Miscellaneous Cash Flow Adjustments	-0	-	-	0	-0	-
Net Cash Flow	84,096	46,205	-23,128	96,348	-30,777	15,994

Free Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Free Cash Flow	94,562	28,183	77,231	32,802	-15,924	24,085
Free Cash Flow Growth	20.92%	-63.51%	135.45%	-	-	-27.01%
Free Cash Flow Margin	15.25%	4.55%	15.79%	12.59%	-7.28%	13.21%
Free Cash Flow Per Share	0.56	0.17	0.79	1.22	-0.59	0.90
Levered Free Cash Flow	49,364	-9,868	68,421	-163,239	-29,896	35,796
Unlevered Free Cash Flow	58,941	-2,257	90,142	-144,661	-23,223	38,796

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash Interest Paid	-	-	46,366	5,470	6,339	894.88
Cash Income Tax Paid	6,973	2,193	1,725	1,214	313.33	1,019
Change in Working Capital	35,298	-19,257	-107,524	46,768	6,855	23,732

Data Source: S&P Global Market Intelligence Last updated: Jun 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 10, 2026

Data Sources Report a data error