NGX:SKYAVN 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	Mar '26 Mar 31, 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	8,485	9,742	4,834	1,955	309.34	282.03
Depreciation & Amortization	2,533	2,476	2,352	2,152	2,021	1,872
Other Amortization	28.88	28.88	1.68	1.77	1.77	1.64
Provision & Write-off of Bad Debts	1,225	1,225	484.27	166.72	128.07	146.67
Other Operating Activities	2,036	1,946	3,232	2,520	50.08	517
Change in Accounts Receivable	-6,620	-7,087	-5,234	-5,665	-977.24	-506.87
Change in Inventory	1,550	522.51	-1,790	-300.26	-304.89	-133.35
Change in Accounts Payable	2,576	3,637	1,148	572.26	846.46	350.81
Change in Unearned Revenue	-10.64	176.53	-19.76	15.73	-68.49	0.33
Operating Cash Flow	11,804	12,666	5,008	1,418	2,006	2,530
Operating Cash Flow Growth	131.06%	152.94%	253.06%	-29.30%	-20.71%	48.98%
Capital Expenditures	-10,093	-11,027	-3,269	-2,948	-2,630	-2,221
Sale (Purchase) of Intangibles	24.65	-	-	-	-16.02	-2.5
Sale (Purchase) of Real Estate	-	-21	-18	-26.36	-7.02	-393
Other Investing Activities	-55.02	-55.02	-	-	-	-
Investing Cash Flow	-10,124	-11,103	-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)	937.17	1,108	-754.26	-138.92	3,420	-70.96
Common Dividends Paid	-812.15	-812.15	-406.07	-223.34	-223.34	-223.34
Financing Cash Flow	125.02	295.52	-1,160	-362.26	3,196	-294.3
Miscellaneous Cash Flow Adjustments	-0	-0	0	0	-0	-
Net Cash Flow	1,805	1,859	560.5	-1,919	2,549	-380.96
Free Cash Flow	1,711	1,639	1,739	-1,530	-623.93	308.84
Free Cash Flow Growth	154.21%	-5.72%	-	-	-	-62.55%
Free Cash Flow Margin	3.74%	3.69%	6.01%	-9.25%	-5.61%	3.57%
Free Cash Flow Per Share	1.26	1.21	1.28	-1.13	-0.46	0.23
Cash Interest Paid	429.54	429.54	331.06	367.21	73.13	29.95
Cash Income Tax Paid	1,333	1,333	883.23	243.51	636.55	60.58
Levered Free Cash Flow	-645.3	-829.03	-1,404	-4,138	-982.69	139.89
Unlevered Free Cash Flow	31.94	-217.48	-904.56	-3,909	-936.98	158.6
Change in Working Capital	-2,505	-2,751	-5,895	-5,378	-504.17	-289.08

Source: S&P Global Market Intelligence. Standard template. Financial Sources.