Tantalizers Cash Flow Statement

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

Millions NGN. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2016 - 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2016 - 2020
Net Income	-126.71	-265.59	-290.74	-264.09	-214.82	-422.05	Upgrade
Depreciation & Amortization	75.52	84.66	-	142.64	190.92	218.64	Upgrade
Other Amortization	11.8	11.8	-	-	-	-	Upgrade
Other Operating Activities	497.5	541.69	406.29	-309.49	-73.86	19.22	Upgrade
Operating Cash Flow	458.11	372.57	115.55	-430.95	-97.76	-184.19	Upgrade
Operating Cash Flow Growth	146.88%	222.41%	-	-	-	-	Upgrade
Capital Expenditures	-34.82	-2.47	-33.39	-153.26	-43.72	-43.63	Upgrade
Sale of Property, Plant & Equipment	-1.88	-	9.11	686.73	468.96	592.36	Upgrade
Investment in Securities	43.95	-594.16	-	-39.95	-50	-50	Upgrade
Other Investing Activities	90.91	50.5	-	-21.52	10.6	6.1	Upgrade
Investing Cash Flow	98.16	-546.13	-24.28	472	385.84	504.83	Upgrade
Short-Term Debt Issued	-	-	-	-	150	-	Upgrade
Long-Term Debt Issued	-	-	-	1.55	-	-	Upgrade
Total Debt Issued	-	-	-	1.55	150	-	Upgrade
Long-Term Debt Repaid	-	-87.46	-86.37	-	-242.05	-194.8	Upgrade
Net Debt Issued (Repaid)	-247.7	-87.46	-86.37	1.55	-92.05	-194.8	Upgrade
Issuance of Common Stock	-	1,073	-	-	-	-	Upgrade
Other Financing Activities	-107.16	-120.16	-95.53	-72.45	-73.42	-76.44	Upgrade
Financing Cash Flow	-354.87	865.4	-181.9	-70.89	-165.47	-271.24	Upgrade
Miscellaneous Cash Flow Adjustments	-61.97	-478.87	-	0	0	0	Upgrade
Net Cash Flow	139.43	212.97	-90.62	-29.84	122.61	49.4	Upgrade
Free Cash Flow	423.29	370.09	82.17	-584.21	-141.48	-227.82	Upgrade
Free Cash Flow Growth	160.75%	350.42%	-	-	-	-	Upgrade
Free Cash Flow Margin	33.63%	30.88%	7.05%	-50.20%	-11.14%	-24.65%	Upgrade
Free Cash Flow Per Share	0.09	0.07	0.03	-0.18	-0.04	-0.07	Upgrade
Cash Interest Paid	107.16	120.16	95.53	72.45	73.42	76.44	Upgrade
Cash Income Tax Paid	55.62	53.25	-	4.69	8.67	20.21	Upgrade
Levered Free Cash Flow	-456.86	-185.95	-93.81	-242	-84.43	317.73	Upgrade
Unlevered Free Cash Flow	-423.14	-147.4	-34.1	-196.72	-38.55	361.29	Upgrade
Change in Net Working Capital	335.87	64.87	-184.28	-45.2	-21.59	-373.15	Upgrade

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