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	29,908	15,260	12,553	7,914	8,344
Depreciation & Amortization	15,594	14,187	12,873	13,086	10,583
Loss (Gain) From Sale of Assets	-8,060	-15,368	-4,837	-896.55	-1,117
Asset Writedown & Restructuring Costs	2,463	-	-45.7	23.97	-159.22
Other Operating Activities	-61,144	-11,561	4,793	6,715	6,780
Change in Accounts Receivable	11,063	-127,421	-11,648	6,907	-73,625
Change in Inventory	1,340	-22,561	-18,049	-6,949	-19,792
Change in Accounts Payable	9,614	-1,068	11,665	-21,657	17,272
Change in Unearned Revenue	44,715	58,276	96,629	39,324	122,893
Change in Income Taxes	-11,338	47,667	-21,276	-3,507	-2,397
Change in Other Net Operating Assets	-926.34	-4,002	-1,252	1,126	-975.58
Operating Cash Flow	33,229	-46,590	81,405	42,086	67,806
Operating Cash Flow Growth	-	-	93.42%	-37.93%	1067.11%
Capital Expenditures	-17,361	-6,987	-6,063	-23,030	-34,736
Sale of Property, Plant & Equipment	11,023	18,576	4,837	1,021	1,308
Sale (Purchase) of Intangibles	-1,441	-	-	-	-
Investment in Securities	730.84	-	587.12	531.21	-
Other Investing Activities	16,390	20,254	6,989	1,222	994.2
Investing Cash Flow	9,342	31,843	6,351	-20,255	-32,434
Long-Term Debt Repaid	-8,131	-13,037	-6,631	-3,898	-4,949
Net Debt Issued (Repaid)	-8,131	-13,037	-6,631	-3,898	-4,949
Common Dividends Paid	-5,324	-4,843	-4,000	-4,000	-633.6
Other Financing Activities	-5,352	-3,383	-3,721	-2,656	-3,602
Financing Cash Flow	-18,807	-21,263	-14,352	-10,554	-9,185
Foreign Exchange Rate Adjustments	-2,618	33,775	33,512	-	-
Miscellaneous Cash Flow Adjustments	-	0	0	-	-
Net Cash Flow	21,146	-2,236	106,915	11,277	26,188
Free Cash Flow	15,868	-53,578	75,342	19,057	33,070
Free Cash Flow Growth	-	-	295.36%	-42.38%	-
Free Cash Flow Margin	2.09%	-9.45%	16.99%	4.32%	9.76%
Free Cash Flow Per Share	9.92	-33.49	47.09	11.91	20.67
Cash Interest Paid	5,352	3,383	3,721	2,656	3,600
Cash Income Tax Paid	-33,107	12,283	-4,884	-2,062	708.58
Levered Free Cash Flow	-23,159	-136,699	4,026	19,583	-93,158
Unlevered Free Cash Flow	-21,054	-135,011	5,897	21,484	-90,949
Change in Working Capital	54,468	-49,109	56,068	15,244	43,375

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