NGX:STERLINGNG 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	78,634	43,675	21,584	19,298	13,515
Depreciation & Amortization	7,253	5,125	4,367	4,379	4,456
Other Amortization	951	500	447	500	689
Gain (Loss) on Sale of Assets	-482	-8,857	-522	-197	-396
Gain (Loss) on Sale of Investments	2,150	139	1,256	158	364
Total Asset Writedown	-218	3,937	1,635	1,577	2,031
Provision for Credit Losses	24,789	6,867	9,867	7,342	7,426
Change in Trading Asset Securities	-46,641	-25,103	-1,058	8,554	-8,783
Change in Other Net Operating Assets	-537,006	-400,941	-159,633	-95,974	-145,250
Other Operating Activities	29,548	83,964	22,586	11,906	21,356
Operating Cash Flow	-442,125	-291,370	-99,947	-42,873	-104,592
Capital Expenditures	-33,633	-29,690	-17,726	-4,948	-4,701
Sale of Property, Plant and Equipment	6,946	1,892	175	400	495
Investment in Securities	-162,773	-88,466	-69,606	-76,279	-38,913
Income (Loss) Equity Investments	-1,103	-676	-476	-416	-
Purchase / Sale of Intangibles	-893	-3,042	-218	-278	-188
Other Investing Activities	41	-1,915	-1,180	-197	-250
Investing Cash Flow	-189,114	-112,891	-87,382	-80,016	-42,573
Long-Term Debt Issued	115,488	25,800	61,615	35,182	39,844
Long-Term Debt Repaid	-90,589	-73,353	-56,899	-18,362	-9,761
Net Debt Issued (Repaid)	24,899	-47,553	4,716	16,820	30,083
Issuance of Common Stock	36,066	73,867	-	-	-
Common Dividends Paid	-9,381	-	-4,319	-2,879	-1,440
Net Increase (Decrease) in Deposit Accounts	491,273	469,273	251,247	119,592	252,197
Other Financing Activities	-22,893	-39,230	-29,329	-18,047	-14,007
Financing Cash Flow	519,964	456,357	222,315	115,486	266,833
Foreign Exchange Rate Adjustments	-35,078	215,522	134,237	8,201	6,579
Net Cash Flow	-146,353	267,618	169,223	798	126,247
Free Cash Flow	-475,758	-321,060	-117,673	-47,821	-109,293
Free Cash Flow Margin	-164.58%	-167.20%	-92.03%	-44.29%	-125.19%
Free Cash Flow Per Share	-9.50	-11.06	-4.09	-1.66	-3.80
Cash Interest Paid	161,761	101,118	69,537	52,599	45,626
Cash Income Tax Paid	7,542	1,284	1,518	699	312

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