NCR (Nigeria) 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	Jun '26 Jun 30, 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	311.27	212.41	-2,172	-738.9	-1,011	7.55
Depreciation & Amortization	10.87	15.39	15.11	13.05	18.07	44.6
Loss (Gain) From Sale of Assets	-	-	-	-	3.7	451.19
Provision & Write-off of Bad Debts	-	-	-	-	4.02	-34.17
Other Operating Activities	-140.7	-33.02	2,566	1,467	899.22	316.4
Change in Accounts Receivable	-939.94	-2,250	437.98	-539.6	-1,381	624.21
Change in Inventory	237.55	196.93	-108.23	111.92	50.26	263.78
Change in Accounts Payable	1,988	3,211	1,309	1,888	237.96	-1,187
Change in Unearned Revenue	-219.25	-23.95	-129.02	19.65	18.67	-265.03
Change in Other Net Operating Assets	-23.14	-118.68	-13.34	326.7	-332.93	-70.88
Operating Cash Flow	1,225	1,210	1,905	2,547	-1,492	150.42
Operating Cash Flow Growth	-8.60%	-36.46%	-25.23%	-	-	-
Capital Expenditures	-	-	-14.23	-42.27	-3.18	-14.15
Other Investing Activities	35.22	16.22	60.63	28.5	2.08	10.44
Investing Cash Flow	35.22	16.22	46.4	-13.78	-1.1	-3.7
Foreign Exchange Rate Adjustments	81.44	-	-2,672	-1,517	-980.12	-23.6
Miscellaneous Cash Flow Adjustments	-0	-0	-	-	-	-
Net Cash Flow	1,341	1,226	-720.81	1,016	-2,474	123.12
Free Cash Flow	1,225	1,210	1,890	2,505	-1,496	136.28
Free Cash Flow Growth	-7.62%	-35.98%	-24.54%	-	-	-
Free Cash Flow Margin	35.81%	39.27%	87.93%	85.36%	-45.74%	5.36%
Free Cash Flow Per Share	11.34	11.21	17.50	23.20	-13.85	1.26
Levered Free Cash Flow	1,217	1,203	99.97	1,312	-1,950	-27.1
Unlevered Free Cash Flow	1,217	1,203	99.97	1,312	-1,950	-27.1
Cash Income Tax Paid	18.29	11.05	19.28	16.36	216.92	3.25
Change in Working Capital	1,043	1,015	1,496	1,806	-1,407	-635.15