SFS Real Estate Investment Trust Fund (NGX:SFSREIT)

NGX:SFSREIT Cash Flow Statement

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

Operating Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	722.8	628.49	477.09	317.5	186.62	160.52
Gain (Loss) on Sale of Assets	-	-	-	-57.66	-	-
Asset Writedown	-3,483	-3,483	-	-	-	-
Change in Accounts Receivable	-265.54	-265.54	-0.37	-	-	-
Change in Accounts Payable	-98.42	-98.42	-10.74	-	-	-
Change in Other Net Operating Assets	209.59	-0.07	0.05	183.98	8.78	-3.83
Other Operating Activities	3,380	3,483	-	-	-	-
Operating Cash Flow	496.45	295.59	462.52	443.82	195.4	156.69
Operating Cash Flow Growth	33.20%	-36.09%	4.21%	127.13%	24.71%	-18.24%

Investing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Acquisition of Real Estate Assets	-336.43	-140.66	-89.84	-426.55	-	-90
Sale of Real Estate Assets	750	90	80	335.65	-	45
Net Sale / Acq. of Real Estate Assets	413.57	-50.66	-9.84	-90.9	-	-45
Investment in Marketable & Equity Securities	-392.9	94.07	108.88	0.86	110.93	237.16
Other Investing Activities	-	-	-	11.24	40.05	36.92
Investing Cash Flow	20.67	43.41	99.04	-78.81	150.98	229.08

Financing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Dividends Paid	-566	-435	-290	-169	-145	-162

Net Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Miscellaneous Cash Flow Adjustments	0	-	-0	-	-	-
Net Cash Flow	11.59	-96	271.56	196.02	201.38	223.76

Free Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Levered Free Cash Flow	179.37	-21.54	361.85	161.77	73.32	197.77
Unlevered Free Cash Flow	179.37	-21.54	361.85	161.77	73.32	197.77

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Change in Working Capital	-123.24	-332.89	-14.57	183.98	8.78	-3.83

Data Source: S&P Global Market Intelligence Last updated: Sep 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Nov 4, 2026

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