May & Baker Nigeria plc (NGX:MAYBAKER)
Nigeria · Delayed Price · Currency is NGN 41.80
0.00 (0.00%)
At close: Nov 4, 2026
May & Baker Nigeria Cash Flow Statement
Financials in millions NGN. Fiscal year is January - December.
Millions NGN. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 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 | 6,983 | 4,437 | 1,621 | 1,083 | 1,491 | 1,050 |
Depreciation & Amortization | 901.32 | 803.09 | 728.26 | 592.57 | 556.57 | 563.43 |
Other Amortization | 3.87 | 3.87 | 3.49 | 10.94 | 10.52 | 10.42 |
Loss (Gain) From Sale of Assets | -10.64 | -10.64 | -2.13 | -16.94 | -1,185 | -0.8 |
Loss (Gain) on Equity Investments | 20.84 | 20.84 | 27.19 | -57 | 25.57 | 33.8 |
Provision & Write-off of Bad Debts | 57.97 | 57.97 | -4.07 | 15.86 | 81.54 | -27.57 |
Other Operating Activities | 3,326 | 939.1 | 473.11 | -341.95 | 230.47 | 89.35 |
Change in Accounts Receivable | -2,422 | -755.17 | -502.49 | -24.75 | 67.33 | 229.71 |
Change in Inventory | -1,470 | 3,510 | -1,736 | -1,173 | -1,754 | -1,149 |
Change in Accounts Payable | 2,148 | -3,281 | 2,344 | 991.8 | 371.61 | 359.86 |
Change in Unearned Revenue | 324.29 | 489.35 | -144.76 | -151.72 | -187.19 | 162.79 |
Change in Other Net Operating Assets | -2,567 | -2,300 | 530.22 | -320.93 | 2,299 | -3,634 |
Operating Cash Flow | 7,445 | 4,063 | 3,500 | 754.07 | 2,062 | -2,309 |
Operating Cash Flow Growth | 201.69% | 16.09% | 364.13% | -63.43% | - | - |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 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 |
Capital Expenditures | -2,189 | -1,161 | -1,271 | -1,042 | -1,742 | -538.96 |
Sale of Property, Plant & Equipment | 61.51 | 21.46 | 2.13 | 56.85 | 1,220 | 54.27 |
Sale (Purchase) of Intangibles | -16.33 | -4.17 | - | - | - | -1.78 |
Other Investing Activities | 1,044 | 711.57 | 407.49 | 383.55 | 231.48 | 59.43 |
Investing Cash Flow | -1,099 | -431.96 | -861.56 | -601.86 | -290.55 | -427.04 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 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 |
Short-Term Debt Issued | - | - | - | 1,690 | - | 1,907 |
Long-Term Debt Issued | - | 1,803 | - | - | - | 850 |
Total Debt Issued | -607.85 | 1,803 | - | 1,690 | - | 2,757 |
Short-Term Debt Repaid | - | -551.59 | -941.24 | - | -198.55 | - |
Long-Term Debt Repaid | - | -349.19 | -814.57 | -767.59 | -677.1 | -502.5 |
Total Debt Repaid | -2,864 | -900.78 | -1,756 | -767.59 | -875.65 | -502.5 |
Net Debt Issued (Repaid) | -3,472 | 901.88 | -1,756 | 921.91 | -875.65 | 2,255 |
Common Dividends Paid | -862.62 | -690.09 | -517.57 | -517.57 | -517.57 | -517.57 |
Other Financing Activities | -249.88 | -457.66 | -357.26 | -258.74 | -248.83 | -222.88 |
Financing Cash Flow | -4,585 | -245.88 | -2,631 | 145.6 | -1,642 | 1,514 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 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 |
Miscellaneous Cash Flow Adjustments | -0 | - | -0 | -0 | - | - |
Net Cash Flow | 1,761 | 3,385 | 7.67 | 297.81 | 129.17 | -1,222 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 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 |
Free Cash Flow | 5,256 | 2,902 | 2,229 | -288.19 | 320.16 | -2,848 |
Free Cash Flow Growth | 313.87% | 30.23% | - | - | - | - |
Free Cash Flow Margin | 13.24% | 7.58% | 7.71% | -1.46% | 2.23% | -23.93% |
Free Cash Flow Per Share | 3.05 | 1.68 | 1.29 | -0.17 | 0.19 | -1.65 |
Levered Free Cash Flow | 4,712 | 1,652 | 1,753 | -615.5 | 59.65 | -3,399 |
Unlevered Free Cash Flow | 4,969 | 2,077 | 2,075 | -339.19 | 344.07 | -3,134 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 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 |
Cash Interest Paid | - | 679.64 | 514.88 | 442.09 | 455.07 | 424.54 |
Cash Income Tax Paid | 0.2 | 788.63 | 279.7 | 534.31 | 359.29 | 522.62 |
Change in Working Capital | -3,837 | -2,188 | 653.06 | -532.42 | 851.93 | -4,027 |