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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 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	662.76	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	233.54	-0.07	0.05	183.98	8.78	-3.83
Other Operating Activities	3,436	3,483	-	-	-	-
Operating Cash Flow	516.19	295.59	462.52	443.82	195.4	156.69
Operating Cash Flow Growth	11.32%	-36.09%	4.21%	127.13%	24.71%	-18.24%
Acquisition of Real Estate Assets	-139.05	-140.66	-89.84	-426.55	-	-90
Sale of Real Estate Assets	250	90	80	335.65	-	45
Net Sale / Acq. of Real Estate Assets	110.95	-50.66	-9.84	-90.9	-	-45
Investment in Marketable & Equity Securities	-17.2	94.07	108.88	0.86	110.93	237.16
Other Investing Activities	-	-	-	11.24	40.05	36.92
Investing Cash Flow	93.75	43.41	99.04	-78.81	150.98	229.08
Common Dividends Paid	-566	-435	-290	-169	-145	-162
Miscellaneous Cash Flow Adjustments	0	-	-0	-	-	-
Net Cash Flow	104.41	-96	271.56	196.02	201.38	223.76
Levered Free Cash Flow	194.17	-21.54	361.85	161.77	73.32	197.77
Unlevered Free Cash Flow	194.17	-21.54	361.85	161.77	73.32	197.77
Change in Working Capital	-99.29	-332.89	-14.57	183.98	8.78	-3.83