NGX:SKYAVN Cash Flow Statement

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

Millions NGN. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	11,732	4,834	1,955	309.34	282.03
Depreciation & Amortization	2,476	2,352	2,152	2,021	1,872
Other Amortization	13.66	1.68	1.77	1.77	1.64
Provision & Write-off of Bad Debts	-	484.27	166.72	128.07	146.67
Other Operating Activities	1,397	3,232	2,520	50.08	517
Change in Accounts Receivable	-3,877	-5,234	-5,665	-977.24	-506.87
Change in Inventory	345.78	-1,790	-300.26	-304.89	-133.35
Change in Accounts Payable	1,205	1,148	572.26	846.46	350.81
Change in Unearned Revenue	176.53	-19.76	15.73	-68.49	0.33
Operating Cash Flow	13,468	5,008	1,418	2,006	2,530
Operating Cash Flow Growth	168.95%	253.06%	-29.30%	-20.71%	48.98%
Capital Expenditures	-11,025	-3,269	-2,948	-2,630	-2,221
Sale (Purchase) of Intangibles	-40.63	-	-	-16.02	-2.5
Sale (Purchase) of Real Estate	-21	-18	-26.36	-7.02	-393
Other Investing Activities	-0	-	-	-	-
Investing Cash Flow	-11,086	-3,287	-2,975	-2,653	-2,617
Long-Term Debt Issued	2,000	-	-	3,500	-
Long-Term Debt Repaid	-892.33	-754.26	-138.92	-80.42	-70.96
Net Debt Issued (Repaid)	1,108	-754.26	-138.92	3,420	-70.96
Common Dividends Paid	-812.15	-406.07	-223.34	-223.34	-223.34
Financing Cash Flow	295.52	-1,160	-362.26	3,196	-294.3
Miscellaneous Cash Flow Adjustments	-	0	0	-0	-
Net Cash Flow	2,677	560.5	-1,919	2,549	-380.96
Free Cash Flow	2,444	1,739	-1,530	-623.93	308.84
Free Cash Flow Growth	40.53%	-	-	-	-62.55%
Free Cash Flow Margin	5.50%	6.01%	-9.25%	-5.61%	3.57%
Free Cash Flow Per Share	1.80	1.28	-1.13	-0.46	0.23
Cash Interest Paid	429.54	331.06	367.21	73.13	29.95
Cash Income Tax Paid	1,333	883.23	243.51	636.55	60.58
Levered Free Cash Flow	-325.03	-1,984	-4,138	-982.69	139.89
Unlevered Free Cash Flow	-56.57	-1,777	-3,909	-936.98	158.6
Change in Working Capital	-2,150	-5,895	-5,378	-504.17	-289.08

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.