NGX:NSLTECH 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	-171.6	-121.03	-187.52	-40.88	-91.93
Depreciation & Amortization	60.47	112.86	10.88	52.64	53.62
Other Amortization	131.18	-	-	-	-
Other Operating Activities	-12.27	32.52	14.48	25.8	9.42
Change in Accounts Receivable	-23.56	-17.9	207.03	3.24	20.22
Change in Accounts Payable	-5.25	-40.66	-31.32	-11.3	20.28
Operating Cash Flow	-21.03	-34.21	13.54	29.5	11.61
Operating Cash Flow Growth	-	-	-54.08%	154.10%	-9.57%
Capital Expenditures	-3.56	-	-	-2.26	-
Sale (Purchase) of Intangibles	-	-8.2	-	-	-
Investing Cash Flow	-3.56	-8.2	-	-2.26	-
Other Financing Activities	-	25.15	-	-	-
Financing Cash Flow	-	25.15	-	-	-
Net Cash Flow	-24.59	-17.26	13.54	27.24	11.61
Free Cash Flow	-24.59	-34.21	13.54	27.24	11.61
Free Cash Flow Growth	-	-	-50.27%	134.64%	6.60%
Free Cash Flow Margin	-0.58%	-0.79%	0.39%	0.63%	0.28%
Free Cash Flow Per Share	-0.00	-0.01	0.00	0.01	0.00
Cash Income Tax Paid	-	-29.52	-	-	20.7
Levered Free Cash Flow	59.76	17.63	-128.66	59.34	65.41
Unlevered Free Cash Flow	63.29	20	-128.66	59.34	65.41
Change in Working Capital	-28.81	-58.56	175.71	-8.06	40.5

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