Royal Exchange Plc (NGX:ROYALEX)
Nigeria · Delayed Price · Currency is NGN 1.000
+0.050 (5.26%)
At close: Nov 3, 2026
Royal Exchange Cash Flow Statement
Financials in millions NGN. Fiscal year is January - December.
Millions NGN. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 | -536.26 | 851.43 | 1,006 | -206.22 | -289.21 | -1,697 |
Depreciation & Amortization | 48.06 | 14.42 | 6.29 | 6.47 | 6.54 | 6.67 |
Other Amortization | - | - | - | - | 1.62 | 4.81 |
Gain (Loss) on Sale of Assets | - | - | - | - | -254.67 | 1,214 |
Gain (Loss) on Sale of Investments | -57.52 | -28.64 | -7.53 | - | 0.54 | -38.3 |
Change in Accounts Receivable | - | - | - | - | 17.02 | 107.59 |
Reinsurance Recoverable | - | - | - | - | - | 2,195 |
Change in Accounts Payable | - | - | - | - | - | -7,910 |
Change in Unearned Revenue | - | - | - | - | 196.9 | -1,352 |
Change in Income Taxes | - | - | - | -0.44 | - | - |
Change in Insurance Reserves / Liabilities | - | - | - | -41.18 | -127.56 | -2,457 |
Change in Other Net Operating Assets | 198.41 | -475.8 | -326.13 | -344.47 | 1,214 | 809.03 |
Other Operating Activities | 6.03 | -1.76 | -160.41 | 20.33 | 237.22 | -442.36 |
Operating Cash Flow | -266.89 | -678.7 | -374.61 | -1,157 | 1,155 | -7,681 |
Operating Cash Flow Growth | - | - | - | - | - | - |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Capital Expenditures | -147.45 | -163.13 | -12.39 | -3.13 | -10.49 | -7.7 |
Sale of Property, Plant & Equipment | - | - | - | - | - | 6.13 |
Purchase / Sale of Intangible Assets | - | - | - | - | - | -10.95 |
Investment in Securities | -1,739 | -470.86 | 60 | 78.49 | -207.09 | -4,820 |
Other Investing Activities | 1,130 | 68.83 | 211.05 | -91.9 | 275.67 | 261.42 |
Investing Cash Flow | -756.75 | -565.16 | 258.65 | -16.55 | 471.96 | -4,571 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Long-Term Debt Issued | - | 569.69 | - | 2,041 | - | 18,232 |
Total Debt Repaid | -373.47 | -0.17 | -713.25 | - | -2,000 | -18,085 |
Net Debt Issued (Repaid) | -33.78 | 569.52 | -713.25 | 2,041 | -2,000 | 147.42 |
Issuance of Common Stock | - | - | 1,561 | - | - | - |
Common Dividends Paid | - | - | -79.66 | -82.85 | - | - |
Other Financing Activities | 1,729 | 1,584 | 35.19 | -922.43 | -93.41 | -125.32 |
Financing Cash Flow | 134.55 | 2,154 | 802.94 | 1,036 | -2,093 | 22.1 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Foreign Exchange Rate Adjustments | - | - | - | - | - | 43.72 |
Miscellaneous Cash Flow Adjustments | - | - | - | - | 453.6 | 0 |
Net Cash Flow | -889.08 | 909.66 | 686.98 | -137.86 | -12.46 | -12,186 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Free Cash Flow | -414.34 | -841.83 | -387 | -1,160 | 1,145 | -7,689 |
Free Cash Flow Growth | - | - | - | - | - | - |
Free Cash Flow Margin | -90.36% | -51.32% | -29.96% | -116.20% | 200.96% | -2031.04% |
Free Cash Flow Per Share | -7878.63 | -0.10 | -0.05 | -0.23 | 0.22 | -1.49 |
Levered Free Cash Flow | -788.1 | 1,509 | 1,104 | -1,119 | -364.34 | -7,944 |
Unlevered Free Cash Flow | -587.63 | 1,671 | 1,233 | -957.49 | -221.08 | -7,800 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | 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 |
Cash Interest Paid | - | - | - | 922.43 | 93.41 | 125.32 |
Cash Income Tax Paid | 1.76 | 11.12 | 232.7 | - | - | 23.81 |
Change in Working Capital | 198.41 | -475.8 | -326.13 | -386.08 | 1,301 | -7,158 |