Linkage Assurance Cash Flow Statement

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

Millions NGN. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	8,639	3,126	5,552	5,282	1,746	-3,991
Depreciation & Amortization	495.29	497.15	483.45	271.84	230.22	197.99
Gain (Loss) on Sale of Assets	-	-	-	-	-	-0.04
Change in Accounts Payable	-	-	-	-	-	60.97
Change in Other Net Operating Assets	-	-	-	-	-	812.02
Other Operating Activities	-22,172	-6,165	-7,715	-4,714	-3,214	1,694
Operating Cash Flow	-13,038	-2,542	-1,679	839.16	-1,239	-1,190
Capital Expenditures	-228.22	-225.72	-466.44	-1,232	-334.35	-298.3
Sale of Property, Plant & Equipment	10.97	16.09	81.16	26.19	30.34	1.09
Purchase / Sale of Intangible Assets	-	-	-9.57	-31.71	-21.25	-47.76
Investment in Securities	5,748	-4,785	-4,054	-6,687	-1,872	-245.86
Other Investing Activities	6,553	7,320	5,807	6,293	4,045	2,100
Investing Cash Flow	12,250	2,174	1,430	-1,753	1,764	1,546
Total Debt Repaid	-	-	-	-	-	-0.22
Net Debt Issued (Repaid)	-	-	-	-	-	-0.22
Common Dividends Paid	-	-	-700	-	-	-500
Other Financing Activities	-294.34	-49.97	-12.86	-	-	-
Financing Cash Flow	-294.34	-49.97	-712.86	-	-	-500.22
Foreign Exchange Rate Adjustments	-746.92	-622.4	942.13	2,233	193.96	28.27
Miscellaneous Cash Flow Adjustments	-	-	0	-	-	-
Net Cash Flow	-1,829	-1,040	-19.77	1,319	719.72	-116.01
Free Cash Flow	-13,266	-2,767	-2,146	-393.22	-1,573	-1,488
Free Cash Flow Margin	-40.81%	-11.38%	-10.59%	-2.71%	-11.48%	-20.40%
Free Cash Flow Per Share	-0.72	-0.15	-0.12	-0.02	-0.09	-0.08
Cash Income Tax Paid	394.82	162.75	160.18	89.22	31.7	134.03
Levered Free Cash Flow	-2,503	904.13	-1,873	11,682	-12,438	-6,849
Unlevered Free Cash Flow	-2,503	904.13	-1,873	11,682	-12,438	-6,849
Change in Working Capital	-	-	-	-	-	872.99