Presco 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	138,116	76,069	32,354	13,032	19,320
Depreciation & Amortization	11,187	9,062	4,678	4,159	2,657
Other Amortization	31	33.71	31.01	30.85	29.56
Loss (Gain) From Sale of Assets	104	112.97	170.91	417.27	737.75
Provision & Write-off of Bad Debts	-	329.75	21.12	137.33	125.43
Other Operating Activities	-19,834	4,949	2,120	14,001	2,787
Change in Accounts Receivable	-23,197	-17,027	-9,016	2,810	-177.45
Change in Inventory	-14,964	4,676	-14,874	68.19	415.67
Change in Accounts Payable	22,467	10,917	7,449	-2,222	-5,777
Change in Unearned Revenue	31,119	557.82	441.51	-642.51	852.52
Change in Other Net Operating Assets	1,144	-	-	-	-
Operating Cash Flow	146,173	89,681	23,375	31,791	20,970
Operating Cash Flow Growth	62.99%	283.66%	-26.47%	51.60%	76.23%
Capital Expenditures	-40,713	-33,299	-12,420	-12,540	-5,388
Sale of Property, Plant & Equipment	-	69.24	17.87	11.62	365.02
Cash Acquisitions	-92,095	9,191	-	-19,991	-5,479
Sale (Purchase) of Intangibles	-	-	-	-	-16.8
Other Investing Activities	7,794	218.49	48.17	36.86	18.18
Investing Cash Flow	-125,014	-23,820	-12,354	-32,483	-10,501
Long-Term Debt Issued	110,859	3,477	4,602	38,790	24,165
Long-Term Debt Repaid	-	-9,326	-6,038	-28,747	-8,982
Net Debt Issued (Repaid)	110,859	-5,849	-1,436	10,043	15,183
Issuance of Common Stock	234,805	-	-	-	-
Common Dividends Paid	-72,000	-24,300	-8,809	-8,600	-3,000
Other Financing Activities	-43,620	-15,207	-9,128	-6,280	-1,270
Financing Cash Flow	230,044	-45,356	-19,373	-4,837	10,913
Foreign Exchange Rate Adjustments	-	5,469	2,993	-3,311	-894.27
Miscellaneous Cash Flow Adjustments	-	-	-	-0	-
Net Cash Flow	251,203	25,974	-5,359	-8,840	20,488
Free Cash Flow	105,460	56,382	10,955	19,251	15,582
Free Cash Flow Growth	87.05%	414.67%	-43.09%	23.54%	245.00%
Free Cash Flow Margin	31.84%	27.17%	10.70%	23.76%	32.86%
Free Cash Flow Per Share	102.59	56.38	10.96	19.25	15.58
Cash Interest Paid	43,620	7,902	8,756	6,503	1,449
Cash Income Tax Paid	58,994	12,237	10,313	5,261	520.36
Levered Free Cash Flow	38,292	107,423	-9,655	-6,132	28,319
Unlevered Free Cash Flow	65,555	115,221	-4,018	-893.74	29,880
Change in Working Capital	16,569	-875.78	-15,999	13.4	-4,686

Source: S&P Global Market Intelligence. Standard template. Financial Sources.