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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	-105.7	-121.03	-187.52	-40.88	-91.93	-31.85
Depreciation & Amortization	73.56	112.86	10.88	52.64	53.62	53.81
Other Operating Activities	-2.41	32.52	14.48	25.8	9.42	11.08
Change in Accounts Receivable	-21.45	-17.9	207.03	3.24	20.22	-13.75
Change in Accounts Payable	-24.19	-40.66	-31.32	-11.3	20.28	-6.45
Operating Cash Flow	18.19	-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
Total Debt Issued	-20	-	-	-	-	-
Net Debt Issued (Repaid)	-20	-	-	-	-	-
Other Financing Activities	25.15	25.15	-	-	-	-
Financing Cash Flow	5.15	25.15	-	-	-	-
Net Cash Flow	11.59	-17.26	13.54	27.24	11.61	10.89
Free Cash Flow	14.63	-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	0.34%	-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	68.72	17.63	-128.66	59.34	65.41	30.57
Unlevered Free Cash Flow	73.36	20	-128.66	59.34	65.41	30.57
Change in Working Capital	-45.64	-58.56	175.71	-8.06	40.5	-20.2

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