NGX:NAHCO 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	18,013	12,865	5,540	2,658	743.19
Depreciation & Amortization	2,627	1,291	1,006	972.94	1,050
Other Amortization	15.53	26.04	16.94	6.83	13.59
Loss (Gain) From Sale of Assets	-4.47	215.72	-	-37.05	-63.33
Asset Writedown & Restructuring Costs	-	4.02	57.22	25.01	2.26
Loss (Gain) From Sale of Investments	-	-	-	-12.75	10.35
Provision & Write-off of Bad Debts	600	479.82	789.35	253.53	-12.97
Other Operating Activities	3,211	6,579	2,591	467.64	199.7
Change in Accounts Receivable	74.86	-5,857	-6,439	-2,597	-465.97
Change in Inventory	-960.92	-397.5	-48.68	-204.28	18.24
Change in Accounts Payable	-2,119	3,548	2,730	303.96	1,173
Change in Other Net Operating Assets	-3,736	3,684	-1,872	-99.02	-933.08
Operating Cash Flow	17,720	22,438	4,370	1,738	1,735
Operating Cash Flow Growth	-21.03%	413.48%	151.49%	0.13%	-10.61%
Capital Expenditures	-1,340	-17,282	-931.68	-1,364	-463.67
Sale of Property, Plant & Equipment	-	7.61	-	83.42	64
Sale (Purchase) of Intangibles	-865.88	-13.83	-11.33	-	-
Sale (Purchase) of Real Estate	-	-	-	-1.31	-245.78
Investment in Securities	-	-	-	368.63	116.4
Other Investing Activities	3,575	470.72	-759.58	293.45	1,201
Investing Cash Flow	1,370	-16,817	-1,703	-619.57	672.43
Long-Term Debt Issued	1,856	6,073	-	-	-
Long-Term Debt Repaid	-2,563	-2,480	-182.74	-	-187.93
Net Debt Issued (Repaid)	-706.21	3,594	-182.74	-	-187.93
Common Dividends Paid	-11,577	-4,951	-2,339	-665.93	-250.49
Other Financing Activities	-1,740	-1,022	-38.04	-200.81	-244.36
Financing Cash Flow	-14,023	-2,379	-2,560	-866.74	-682.78
Net Cash Flow	5,067	3,241	107.54	251.22	1,725
Free Cash Flow	16,380	5,156	3,438	373.77	1,272
Free Cash Flow Growth	217.71%	49.96%	819.85%	-70.61%	194.21%
Free Cash Flow Margin	25.12%	9.63%	12.11%	2.24%	12.43%
Free Cash Flow Per Share	8.40	2.65	1.76	0.19	0.65
Cash Interest Paid	1,740	1,192	202.04	177.39	244.36
Cash Income Tax Paid	3,971	1,782	461.93	603.91	58.57
Levered Free Cash Flow	13,336	4,367	424	608.83	1,914
Unlevered Free Cash Flow	14,699	5,169	550.27	719.7	2,031
Change in Working Capital	-6,741	977.21	-5,630	-2,597	-207.36

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