Morison Industries Plc (NGX:MORISON)

Morison Industries Cash Flow Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	-49.39	-78.75	-98.72	-107.48	-93.93	-107.32
Depreciation & Amortization	32.87	33.05	33.8	38.66	31.35	31.97
Loss (Gain) From Sale of Assets	-	-	-	-	-2.28	-0.99
Provision & Write-off of Bad Debts	18.82	18.82	12.17	-	-	-
Other Operating Activities	30.48	19.05	20.73	20.67	16.02	-3.24
Change in Accounts Receivable	-40.79	-40.79	-0.83	6.62	-0.38	2.18
Change in Inventory	-35.09	-35.09	0.97	11.84	-7.45	36.22
Change in Accounts Payable	87.19	87.19	37.41	43.23	14.65	-1.13
Change in Other Net Operating Assets	-	-	-	-	-	-0.2
Operating Cash Flow	44.08	3.49	5.54	13.54	-42.02	-42.51
Operating Cash Flow Growth	133.25%	-36.93%	-59.11%	-	-	-
Capital Expenditures	-0.58	-0.58	-1.37	-1.37	-3.89	-11.45
Sale of Property, Plant & Equipment	-	-	-	-	2.28	3.44
Other Investing Activities	-4.11	2.34	-	-	-	-0.2
Investing Cash Flow	-4.69	1.76	-1.37	-1.37	-1.61	-8.21
Short-Term Debt Issued	-	-	3.7	-	50	55
Total Debt Issued	-	-	3.7	-	50	55
Short-Term Debt Repaid	-	-	-3.7	-	-	-
Total Debt Repaid	-	-	-3.7	-	-	-
Net Debt Issued (Repaid)	-	-	-	-	50	55
Other Financing Activities	-	-	-2.01	-3	-4.14	-2.16
Financing Cash Flow	-	-	-2.01	-3	45.86	52.84
Net Cash Flow	39.39	5.25	2.16	9.17	2.22	2.12
Free Cash Flow	43.51	2.92	4.17	12.17	-45.91	-53.96
Free Cash Flow Growth	148.14%	-30.05%	-65.73%	-	-	-
Free Cash Flow Margin	10.94%	1.01%	2.87%	7.86%	-32.65%	-44.24%
Free Cash Flow Per Share	0.05	0.00	0.00	0.01	-0.05	-0.06
Cash Interest Paid	-	-	2.01	3	4.14	2.16
Cash Income Tax Paid	-	-	-	-	-	9.19
Levered Free Cash Flow	60.9	15.38	23.17	33.23	-25.09	-18.46
Unlevered Free Cash Flow	73.15	27.63	35.51	45.48	-15.37	-14.99
Change in Working Capital	11.31	11.31	37.55	61.69	6.82	37.07

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.