Secure Electronic Technology Plc (NGX:NSLTECH)

NGX:NSLTECH Cash Flow Statement

Financials in millions NGN. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	-145.26	-121.03	-187.52	-40.88	-91.93	-31.85
Depreciation & Amortization	86.65	112.86	10.88	52.64	53.62	53.81
Other Operating Activities	32.3	32.52	14.48	25.8	9.42	11.08
Change in Accounts Receivable	-5.26	-17.9	207.03	3.24	20.22	-13.75
Change in Accounts Payable	-42.22	-40.66	-31.32	-11.3	20.28	-6.45
Operating Cash Flow	-8.2	-34.21	13.54	29.5	11.61	12.84
Operating Cash Flow Growth	-	-	-54.08%	154.10%	-9.57%	540.94%
Capital Expenditures	-3.56	-	-	-2.26	-	-1.95
Sale (Purchase) of Intangibles	-8.2	-8.2	-	-	-	-
Investing Cash Flow	-11.76	-8.2	-	-2.26	-	-1.95
Other Financing Activities	25.15	25.15	-	-	-	-
Financing Cash Flow	25.15	25.15	-	-	-	-
Net Cash Flow	5.2	-17.26	13.54	27.24	11.61	10.89
Free Cash Flow	-11.76	-34.21	13.54	27.24	11.61	10.89
Free Cash Flow Growth	-	-	-50.27%	134.64%	6.60%	579.35%
Free Cash Flow Margin	-0.28%	-0.79%	0.39%	0.63%	0.28%	0.26%
Free Cash Flow Per Share	-0.00	-0.01	0.00	0.01	0.00	0.00
Cash Income Tax Paid	-	-29.52	-	-	20.7	-
Levered Free Cash Flow	70.08	17.63	-128.66	59.34	65.41	30.57
Unlevered Free Cash Flow	75.06	20	-128.66	59.34	65.41	30.57
Change in Working Capital	-47.48	-58.56	175.71	-8.06	40.5	-20.2

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.