Morison Industries 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	12.31	-78.75	-98.72	-107.48	-93.93
Depreciation & Amortization	33.35	33.05	33.8	38.66	31.35
Loss (Gain) From Sale of Assets	-	-	-	-	-2.28
Provision & Write-off of Bad Debts	-1.12	15.12	9.83	-	-
Other Operating Activities	20.95	22.76	23.08	20.67	16.02
Change in Accounts Receivable	-63.6	-40.79	-0.83	6.62	-0.38
Change in Inventory	0.92	-35.09	0.97	11.84	-7.45
Change in Accounts Payable	126.39	87.19	37.41	43.23	14.65
Operating Cash Flow	129.21	3.49	5.54	13.54	-42.02
Operating Cash Flow Growth	3601.09%	-36.93%	-59.11%	-	-
Capital Expenditures	-11.27	-0.58	-1.37	-1.37	-3.89
Sale of Property, Plant & Equipment	-	-	-	-	2.28
Other Investing Activities	1	2.34	-	-	-
Investing Cash Flow	-10.27	1.76	-1.37	-1.37	-1.61
Short-Term Debt Issued	-	-	3.7	-	50
Total Debt Issued	-	-	3.7	-	50
Short-Term Debt Repaid	-	-	-3.7	-	-
Total Debt Repaid	-	-	-3.7	-	-
Net Debt Issued (Repaid)	-	-	-	-	50
Issuance of Common Stock	133.42	-	-	-	-
Other Financing Activities	266.84	-	-2.01	-3	-4.14
Financing Cash Flow	400.26	-	-2.01	-3	45.86
Net Cash Flow	519.19	5.25	2.16	9.17	2.22
Free Cash Flow	117.93	2.92	4.17	12.17	-45.91
Free Cash Flow Growth	3944.38%	-30.05%	-65.73%	-	-
Free Cash Flow Margin	22.96%	1.01%	2.87%	7.86%	-32.65%
Free Cash Flow Per Share	0.09	0.00	0.00	0.01	-0.05
Cash Interest Paid	-	-	2.01	3	4.14
Cash Income Tax Paid	1.4	-	-	-	-
Levered Free Cash Flow	103.71	14.84	22.07	33.23	-25.09
Unlevered Free Cash Flow	115.96	27.09	34.41	45.48	-15.37
Change in Working Capital	63.71	11.31	37.55	61.69	6.82