NGX:SFSREIT 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	2016 - 2020
Period Ending	Jun '25 Jun 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	2016 - 2020
Net Income	508.49	477.09	317.5	186.62	160.52	175.14	Upgrade
Gain (Loss) on Sale of Assets	-172.41	-172.41	-57.66	-	-	-19.88	Upgrade
Change in Other Net Operating Assets	17.7	31.24	183.98	8.78	-3.83	36.39	Upgrade
Other Operating Activities	-16.69	-	-	-	-	-	Upgrade
Operating Cash Flow	337.09	335.92	443.82	195.4	156.69	191.64	Upgrade
Operating Cash Flow Growth	-	-24.31%	127.13%	24.71%	-18.24%	10.50%	Upgrade
Acquisition of Real Estate Assets	-80.36	-89.84	-426.55	-	-90	-115	Upgrade
Sale of Real Estate Assets	252.41	252.41	335.65	-	45	205.88	Upgrade
Net Sale / Acq. of Real Estate Assets	172.06	162.57	-90.9	-	-45	90.88	Upgrade
Investment in Marketable & Equity Securities	-50.36	108.88	0.86	110.93	237.16	-104.79	Upgrade
Other Investing Activities	-45.81	-45.81	11.24	40.05	36.92	48.92	Upgrade
Investing Cash Flow	75.89	225.64	-78.81	150.98	229.08	35.02	Upgrade
Common Dividends Paid	-435	-290	-169	-145	-162	-146	Upgrade
Miscellaneous Cash Flow Adjustments	-0	-	-	-	-	-0	Upgrade
Net Cash Flow	-22.06	271.56	196.02	201.38	223.76	80.66	Upgrade
Levered Free Cash Flow	182.42	242.88	161.77	73.32	197.77	150.25	Upgrade
Unlevered Free Cash Flow	182.42	242.88	161.77	73.32	197.77	150.25	Upgrade
Change in Working Capital	17.7	31.24	183.98	8.78	-3.83	36.39	Upgrade

Updated Jan 15, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.