SCOA Nigeria Cash Flow Statement

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

Millions NGN. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	371.38	157.83	76.1	-587.18	66.42	-389.13
Depreciation & Amortization	93.47	93.47	101.06	165.79	181.6	236.92
Loss (Gain) From Sale of Assets	-5.05	-5.05	-	-6.59	-0.77	-515.14
Asset Writedown & Restructuring Costs	-	-	-	-	43.82	1,210
Other Operating Activities	8,300	-474.95	-1,572	58.97	447.95	486.36
Change in Accounts Receivable	1,900	1,900	1,501	1,777	2,792	-1,824
Change in Inventory	732.97	732.97	-1,107	64.07	-177.31	-283.88
Change in Accounts Payable	-4,374	-4,374	-2,886	-6,094	8,099	3,933
Change in Other Net Operating Assets	-9,530	39.96	-20.03	2.02	155.82	-139.6
Operating Cash Flow	-2,440	-1,858	-3,881	-4,624	11,614	2,722
Operating Cash Flow Growth	-	-	-	-	326.63%	123.60%
Capital Expenditures	-15.97	-15.97	-89.55	-1.54	-4.82	-25.22
Sale of Property, Plant & Equipment	5.05	5.05	6.59	6.59	1	2,445
Other Investing Activities	756.25	-	-	-	-	-
Investing Cash Flow	745.33	-10.92	-82.96	5.05	-3.82	2,420
Short-Term Debt Issued	-	391.29	1,350	509.67	511.53	-
Total Debt Issued	391.29	391.29	1,350	509.67	511.53	-
Short-Term Debt Repaid	-	-	-	-	-	-559.02
Long-Term Debt Repaid	-	-	-2	-95.81	-381.21	-3,384
Total Debt Repaid	-	-	-2	-95.81	-381.21	-3,943
Net Debt Issued (Repaid)	391.29	391.29	1,348	413.86	130.33	-3,943
Other Financing Activities	7,735	-2.87	-109.7	-5.42	4.36	-198.9
Financing Cash Flow	8,126	388.42	1,238	408.44	134.69	-4,142
Miscellaneous Cash Flow Adjustments	-	-	0	-	-	0
Net Cash Flow	6,432	-1,481	-2,725	-4,210	11,745	999.47
Free Cash Flow	-2,456	-1,874	-3,971	-4,625	11,609	2,697
Free Cash Flow Growth	-	-	-	-	330.44%	127.06%
Free Cash Flow Margin	-19.70%	-13.85%	-38.20%	-114.70%	73.43%	41.33%
Free Cash Flow Per Share	-3.76	-2.88	-6.11	-7.12	17.86	4.15
Cash Interest Paid	4.01	4.01	110.71	8.48	14.43	202.41
Cash Income Tax Paid	6.76	6.76	-	-	-	-
Levered Free Cash Flow	-2,690	-2,079	-3,072	-5,164	11,524	1,093
Unlevered Free Cash Flow	-2,690	-2,076	-3,003	-5,159	11,533	1,220
Change in Working Capital	-11,270	-1,700	-2,512	-4,251	10,869	1,686

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