Mutual Benefits Assurance Plc (NGX:MBENEFIT)
Nigeria · Delayed Price · Currency is NGN 2.920
-0.050 (-1.68%)
At close: Nov 3, 2026
Mutual Benefits Assurance 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 | 13,861 | 16,232 | 10,751 | 5,847 | 954.62 | -5,575 |
Depreciation & Amortization | 315.14 | 585.67 | 561.12 | 303.28 | 350.87 | 323.87 |
Other Amortization | 116.6 | 146.55 | 109.7 | 65.56 | 21.44 | 3,134 |
Gain (Loss) on Sale of Assets | -691.09 | -691.09 | -105.76 | -35.47 | -3.19 | 139.15 |
Gain (Loss) on Sale of Investments | -557.62 | -557.62 | -56.2 | 109.98 | 172.62 | 5,621 |
Change in Accounts Receivable | -919.74 | -919.74 | -389.95 | -463.82 | -584.59 | -77.29 |
Reinsurance Recoverable | -2,768 | -2,768 | -8,136 | 1,227 | -2,070 | -344.63 |
Change in Accounts Payable | -1,295 | -1,295 | 952.23 | -780.74 | 846.84 | 18.73 |
Change in Unearned Revenue | - | - | - | - | - | 3,170 |
Change in Insurance Reserves / Liabilities | 8,802 | 8,802 | 15,679 | 4,894 | 5,093 | 2,722 |
Change in Other Net Operating Assets | -625.04 | -625.04 | 800.37 | 1,880 | 4,280 | 1,892 |
Other Operating Activities | -21,035 | -12,689 | -9,921 | -5,511 | -4,915 | -5,563 |
Operating Cash Flow | -4,082 | 6,935 | 9,689 | 7,662 | 4,253 | 1,811 |
Operating Cash Flow Growth | - | -28.42% | 26.44% | 80.18% | 134.87% | -21.56% |
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 | -1,485 | -526.63 | -1,104 | -451.64 | -260.65 | -240.11 |
Sale of Property, Plant & Equipment | 35.15 | 8.69 | 25.82 | 35.47 | 3.57 | 2.74 |
Purchase / Sale of Intangible Assets | -155.73 | -49.74 | -118.35 | -248.84 | -70.31 | -403.38 |
Investment in Securities | -13,617 | -27,354 | -7,656 | -994.95 | -2,511 | -669.43 |
Other Investing Activities | -5,300 | 9,297 | 9,401 | 6,558 | 4,722 | 3,574 |
Investing Cash Flow | -15,316 | -16,711 | 618.49 | 4,623 | 2,424 | 3,270 |
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 |
Total Debt Repaid | - | - | - | - | -1,845 | -2,050 |
Net Debt Issued (Repaid) | - | - | - | - | -1,845 | -2,050 |
Common Dividends Paid | -802.47 | -401.23 | - | - | - | - |
Other Financing Activities | 8,000 | - | - | - | -513.44 | -79.07 |
Financing Cash Flow | 7,198 | -401.23 | - | - | -2,358 | -2,129 |
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 |
Foreign Exchange Rate Adjustments | -1,619 | -633.53 | 5,256 | 2,565 | 267.79 | -207.35 |
Miscellaneous Cash Flow Adjustments | -0 | - | - | 0 | - | - |
Net Cash Flow | -13,819 | -10,811 | 15,563 | 14,851 | 4,586 | 2,744 |
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 | -5,567 | 6,408 | 8,584 | 7,211 | 3,992 | 1,571 |
Free Cash Flow Growth | - | -25.35% | 19.05% | 80.63% | 154.18% | -25.84% |
Free Cash Flow Margin | -5.35% | 6.89% | 11.02% | 15.21% | 11.09% | 7.48% |
Free Cash Flow Per Share | -0.28 | 0.32 | 0.43 | 0.36 | 0.20 | 0.10 |
Levered Free Cash Flow | 9,909 | -15,194 | -1,831 | 11,984 | -21,353 | -7,396 |
Unlevered Free Cash Flow | 10,441 | -13,967 | -289.79 | 15,267 | -18,550 | -6,415 |
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 Income Tax Paid | 258.7 | 1,114 | 800.68 | 440.34 | 281.79 | 445.61 |
Change in Working Capital | 4,498 | 4,498 | 9,448 | 7,115 | 7,609 | 4,001 |