Meyer 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	550.36	295.4	235.96	393.62	33.67
Depreciation & Amortization	59.91	57.29	57.15	49.46	54.76
Other Amortization	4.54	1.33	-	-	-
Loss (Gain) From Sale of Assets	0.24	-12.61	-4.78	-24.98	-1.63
Other Operating Activities	-301.52	-200.22	-50.88	-516.47	-275.43
Change in Accounts Receivable	93.84	-137.14	-240.93	39.21	-18.56
Change in Inventory	-142.56	-185.28	-59.72	-44.54	5.3
Change in Accounts Payable	162.45	217.7	170.24	-48.07	-108.34
Change in Other Net Operating Assets	-0.23	-5.83	-1.32	-2.1	-
Operating Cash Flow	427.03	30.65	105.72	-153.87	-310.23
Operating Cash Flow Growth	1293.05%	-71.00%	-	-	-
Capital Expenditures	-38.31	-33.38	-41.74	-14.04	-13.41
Sale of Property, Plant & Equipment	-	12.7	4.78	26.03	12
Sale (Purchase) of Intangibles	-2.12	-19.88	-	-	-
Other Investing Activities	241.8	235.01	126.63	61.18	80.41
Investing Cash Flow	201.38	194.45	89.68	73.17	79
Long-Term Debt Issued	-	-	16.58	18.28	-
Total Debt Issued	-	-	16.58	18.28	-
Long-Term Debt Repaid	-3.96	-18.33	-12.55	-4.8	-14.51
Net Debt Issued (Repaid)	-3.96	-18.33	4.02	13.47	-14.51
Common Dividends Paid	-149.32	-149.35	-	-	-746.59
Other Financing Activities	-0.17	-2.55	-4.19	-1.99	-1
Financing Cash Flow	-153.45	-170.23	-0.17	11.48	-762.11
Net Cash Flow	474.96	54.88	195.23	-69.21	-993.34
Free Cash Flow	388.72	-2.72	63.98	-167.9	-323.64
Free Cash Flow Margin	9.18%	-0.09%	2.82%	-11.70%	-28.95%
Free Cash Flow Per Share	0.78	-0.01	0.13	-0.34	-0.67
Cash Interest Paid	0.17	2.55	4.19	1.99	1
Cash Income Tax Paid	143.13	116.96	10.37	26.9	219.62
Levered Free Cash Flow	426.38	48.46	106.09	-544.31	-257.47
Unlevered Free Cash Flow	426.49	50.05	108.7	-543.07	-256.84
Change in Working Capital	113.5	-110.54	-131.73	-55.49	-121.6