Julius Berger 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 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	30,848	15,507	12,553	7,914	8,344
Depreciation & Amortization	5,952	14,187	12,873	13,086	10,583
Loss (Gain) From Sale of Assets	-	-15,368	-4,837	-896.55	-1,117
Asset Writedown & Restructuring Costs	-	-	-45.7	23.97	-159.22
Other Operating Activities	-24,206	-11,808	4,793	6,715	6,780
Change in Accounts Receivable	-	-127,421	-11,648	6,907	-73,625
Change in Inventory	-	-22,561	-18,049	-6,949	-19,792
Change in Accounts Payable	-	-1,068	11,665	-21,657	17,272
Change in Unearned Revenue	-	58,276	96,629	39,324	122,893
Change in Income Taxes	-	47,667	-21,276	-3,507	-2,397
Change in Other Net Operating Assets	-	-4,002	-1,252	1,126	-975.58
Operating Cash Flow	12,595	-46,590	81,405	42,086	67,806
Operating Cash Flow Growth	-	-	93.42%	-37.93%	1067.11%
Capital Expenditures	-7,576	-6,987	-6,063	-23,030	-34,736
Sale of Property, Plant & Equipment	18,087	18,576	4,837	1,021	1,308
Investment in Securities	-	-	587.12	531.21	-
Other Investing Activities	20,414	20,254	6,989	1,222	994.2
Investing Cash Flow	30,924	31,843	6,351	-20,255	-32,434
Long-Term Debt Repaid	-8,074	-13,037	-6,631	-3,898	-4,949
Net Debt Issued (Repaid)	-8,074	-13,037	-6,631	-3,898	-4,949
Common Dividends Paid	-5,324	-4,843	-4,000	-4,000	-633.6
Other Financing Activities	-5,272	-3,383	-3,721	-2,656	-3,602
Financing Cash Flow	-18,669	-21,263	-14,352	-10,554	-9,185
Foreign Exchange Rate Adjustments	-2,163	33,775	33,512	-	-
Miscellaneous Cash Flow Adjustments	0	0	0	-	-
Net Cash Flow	22,687	-2,236	106,915	11,277	26,188
Free Cash Flow	5,018	-53,578	75,342	19,057	33,070
Free Cash Flow Growth	-	-	295.36%	-42.38%	-
Free Cash Flow Margin	0.66%	-9.45%	16.99%	4.32%	9.76%
Free Cash Flow Per Share	3.14	-33.49	47.09	11.91	20.67
Cash Interest Paid	5,272	3,383	3,721	2,656	3,600
Cash Income Tax Paid	8,908	12,283	-4,884	-2,062	708.58
Levered Free Cash Flow	-24,955	-134,739	4,026	19,583	-93,158
Unlevered Free Cash Flow	-22,858	-134,435	5,897	21,484	-90,949
Change in Working Capital	-	-49,109	56,068	15,244	43,375

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