NGX:NGXGROUP 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	10,479	9,920	5,251	591.51	2,248
Depreciation & Amortization	580.43	441.34	357.26	419.24	394.73
Other Amortization	39.91	44.25	36.96	81.44	99.36
Loss (Gain) From Sale of Assets	-1.96	-28.27	-1.81	-18.67	-1.25
Loss (Gain) From Sale of Investments	10.58	-1,013	389.07	-0.07	12.65
Loss (Gain) on Equity Investments	-3,724	-5,420	-4,856	-2,151	-2,119
Provision & Write-off of Bad Debts	51.41	40.58	48.01	-110.15	46.46
Other Operating Activities	-4,363	1,214	-938.45	62.19	-1,470
Change in Accounts Receivable	24.65	38.21	308.52	703.78	-842.74
Change in Other Net Operating Assets	-215.68	3,795	-287.39	2,579	-249.91
Operating Cash Flow	2,881	9,033	307.23	2,157	-1,882
Operating Cash Flow Growth	-68.10%	2840.20%	-85.76%	-	-
Capital Expenditures	-1,759	-1,510	-264.95	-193.37	-361.02
Sale of Property, Plant & Equipment	140.5	-	-	176.77	-
Sale (Purchase) of Intangibles	-77.61	-	-	10	-39.3
Investment in Securities	8,108	-6,127	-989.17	-14,807	-5,390
Other Investing Activities	5,553	5,203	4,533	3,390	2,927
Investing Cash Flow	11,965	-2,433	3,279	-11,424	-2,864
Long-Term Debt Issued	-	-	-	25,000	-
Long-Term Debt Repaid	-5,035	-8,349	-	-12,013	-
Net Debt Issued (Repaid)	-5,035	-8,349	-	12,987	-
Common Dividends Paid	-6,614	-1,487	-551.16	-	-
Other Financing Activities	-1,520	-2,475	-2,118	-1,206	-
Financing Cash Flow	-13,169	-12,310	-2,669	11,781	-
Foreign Exchange Rate Adjustments	4.74	2.83	911.26	-12.49	5.73
Miscellaneous Cash Flow Adjustments	-	0	-	-	-
Net Cash Flow	1,682	-5,707	1,828	2,501	-4,740
Free Cash Flow	1,122	7,524	42.28	1,964	-2,243
Free Cash Flow Growth	-85.09%	17693.83%	-97.85%	-	-
Free Cash Flow Margin	4.28%	40.20%	0.46%	28.68%	-36.33%
Free Cash Flow Per Share	0.51	3.41	0.02	0.89	-1.13
Cash Interest Paid	-	2,475	2,118	1,206	-
Cash Income Tax Paid	-	589.64	122.3	255.48	17.4
Levered Free Cash Flow	7,303	8,392	-70.4	1,555	-315.53
Unlevered Free Cash Flow	7,780	9,839	1,392	2,868	-315.53
Change in Working Capital	-191.03	3,834	21.12	3,282	-1,093

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.