Mecure Industries 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	7,235	6,463	2,329	2,913	2,609	672.73
Depreciation & Amortization	5,939	5,688	3,263	1,742	1,304	1,027
Other Amortization	-	-	50.6	502.82	502.82	387.49
Other Operating Activities	1,314	885.96	860.48	578.6	880.52	1,080
Change in Accounts Receivable	-8,615	-10,793	-1,013	-1,647	-1,960	-455.96
Change in Inventory	-5,844	-5,881	-1,577	586.14	-1,312	-655.57
Change in Accounts Payable	303.54	1,207	212.72	305.23	-42.34	171.36
Operating Cash Flow	332.31	-2,430	4,126	4,981	1,982	2,228
Operating Cash Flow Growth	-92.02%	-	-17.16%	151.30%	-11.02%	107.78%
Capital Expenditures	-13,266	-10,053	-14,292	-15,248	-5,215	-3,199
Sale (Purchase) of Intangibles	-	-	-	-	-691.77	-
Investing Cash Flow	-13,266	-10,053	-14,292	-15,248	-5,907	-3,199
Short-Term Debt Issued	-	1,728	-	-	-	-
Long-Term Debt Issued	-	17,436	10,491	11,006	3,916	1,226
Total Debt Issued	15,150	19,165	10,491	11,006	3,916	1,226
Short-Term Debt Repaid	-	-	-34.1	-63.58	-37.1	-214.49
Total Debt Repaid	-2,119	-	-34.1	-63.58	-37.1	-214.49
Net Debt Issued (Repaid)	13,031	19,165	10,457	10,943	3,879	1,011
Common Dividends Paid	-600	-600	-600	-	-	-
Other Financing Activities	-	-	-	-0	-	-
Financing Cash Flow	12,431	18,565	9,857	10,943	3,879	1,011
Miscellaneous Cash Flow Adjustments	0	0	-0	-	0	-0
Net Cash Flow	-502.23	6,081	-308.69	675.31	-45.97	40.21
Free Cash Flow	-12,933	-12,483	-10,166	-10,267	-3,233	-971.09
Free Cash Flow Margin	-15.30%	-16.07%	-22.09%	-32.33%	-12.13%	-4.69%
Free Cash Flow Per Share	-3.26	-3.12	-2.54	-2.57	-4.73	-48.55
Cash Income Tax Paid	583.96	583.96	269.89	197.71	291.86	40.98
Levered Free Cash Flow	-21,015	-14,197	-10,877	-11,036	-5,080	-1,330
Unlevered Free Cash Flow	-15,301	-9,024	-7,812	-9,570	-4,265	-323.15
Change in Working Capital	-14,155	-15,466	-2,377	-755.25	-3,314	-940.17

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