Stanbic IBTC Holdings 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	376,530	221,606	137,582	78,042	54,378
Depreciation & Amortization	24,178	17,348	9,303	7,391	7,030
Other Amortization	1,094	765	765	765	762
Gain (Loss) on Sale of Assets	-7,575	-280	-1,054	-879	-368
Gain (Loss) on Sale of Investments	6,832	-1,315	8,982	-1,858	311
Total Asset Writedown	5,446	16,933	852	402	-280
Provision for Credit Losses	9,725	80,871	13,414	9,840	-740
Change in Trading Asset Securities	-224,613	-97,024	-478,682	-91,688	70,912
Change in Other Net Operating Assets	-1,216,145	328,926	-1,082,940	-277,878	-254,908
Other Operating Activities	167,065	381,400	183,857	14,556	-22,803
Operating Cash Flow	-858,284	947,045	-1,211,146	-262,839	-146,580
Capital Expenditures	-51,566	-36,840	-25,041	-24,865	-17,803
Sale of Property, Plant and Equipment	9,961	6,157	1,254	1,124	672
Investment in Securities	-103,630	-393,156	-25	-73,518	16,060
Income (Loss) Equity Investments	-	-1,040	-677	-602	-636
Purchase / Sale of Intangibles	-2,310	-15	-13	-16	-133
Other Investing Activities	-6,636	-3,816	-2,219	-1,553	-1,625
Investing Cash Flow	-154,181	-427,670	-26,044	-98,828	-2,829
Long-Term Debt Issued	503,205	66,958	195,973	110,999	57,685
Long-Term Debt Repaid	-156,240	-306,693	-216,465	-52,878	-59,861
Net Debt Issued (Repaid)	346,965	-239,735	-20,492	58,121	-2,176
Issuance of Common Stock	145,747	-	-	-	-
Common Dividends Paid	-78,625	-61,695	-45,349	-45,437	-53,190
Total Dividends Paid	-78,625	-61,695	-45,349	-45,437	-53,190
Net Increase (Decrease) in Deposit Accounts	1,414,854	541,884	1,166,595	178,607	230,181
Other Financing Activities	-5,638	-82	-27,288	-2,433	-351
Financing Cash Flow	1,823,303	240,372	1,073,466	188,858	174,464
Foreign Exchange Rate Adjustments	66,093	502,424	124,359	649	4,393
Net Cash Flow	876,931	1,262,171	-39,365	-172,160	29,448
Free Cash Flow	-909,850	910,205	-1,236,187	-287,704	-164,383
Free Cash Flow Margin	-103.22%	166.25%	-363.89%	-125.55%	-95.21%
Free Cash Flow Per Share	-57.22	70.25	-95.41	-22.20	-12.69
Cash Interest Paid	122,873	167,131	98,149	40,129	26,729
Cash Income Tax Paid	75,128	21,933	15,803	17,069	13,508

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