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	Dec 31, 2024	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	-118.03	-118.03	-71.77	-40.88	-91.93	-31.85
Depreciation & Amortization	112.86	112.86	52.64	52.64	53.62	53.81
Other Operating Activities	29.52	29.52	23.14	25.8	9.42	11.08
Change in Accounts Receivable	-17.9	-17.9	0.42	3.24	20.22	-13.75
Change in Accounts Payable	-35.51	-35.51	8.61	-11.3	20.28	-6.45
Operating Cash Flow	-29.06	-29.06	13.04	29.5	11.61	12.84
Operating Cash Flow Growth	-	-	-55.78%	154.10%	-9.57%	540.94%
Capital Expenditures	-	-	-	-2.26	-	-1.95
Other Investing Activities	-8.2	-8.2	-	-	-	-
Investing Cash Flow	-8.2	-8.2	-	-2.26	-	-1.95
Long-Term Debt Issued	20	20	-	-	-	-
Total Debt Issued	20	20	-	-	-	-
Net Debt Issued (Repaid)	20	20	-	-	-	-
Financing Cash Flow	20	20	-	-	-	-
Miscellaneous Cash Flow Adjustments	-	-	0	-	-	-
Net Cash Flow	-17.26	-17.26	13.04	27.24	11.61	10.89
Free Cash Flow	-29.06	-29.06	13.04	27.24	11.61	10.89
Free Cash Flow Growth	-	-	-52.12%	134.64%	6.60%	579.35%
Free Cash Flow Margin	-0.67%	-0.67%	0.37%	0.63%	0.28%	0.26%
Free Cash Flow Per Share	-0.01	-0.01	0.00	0.00	0.00	0.00
Cash Income Tax Paid	-	-	-	-	20.7	-
Levered Free Cash Flow	-35.32	-35.32	54.42	59.34	65.41	30.57
Unlevered Free Cash Flow	-31.66	-31.66	55.04	59.34	65.41	30.57
Change in Net Working Capital	92.86	92.86	-32.17	-17.74	-49.92	9.12

Source: S&P Capital IQ. Standard template. Financial Sources.