Trans-Nationwide Express Plc (NGX:TRANSEXPR)

Trans-Nationwide Express Cash Flow Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	-130.23	-97.89	16.03	25.22	-39.71	-59.85
Depreciation & Amortization	21.7	33.22	40.38	46.33	66.54	60.41
Other Amortization	5.48	5.48	4.23	5.23	2.37	0.96
Loss (Gain) From Sale of Assets	-2.35	-2.35	-8.49	-2.39	-29.26	-0.38
Loss (Gain) From Sale of Investments	-0.73	-0.73	-4.34	0	-0.08	-0.26
Other Operating Activities	28.59	-29.28	1.9	-1.86	3.12	-24.69
Change in Accounts Receivable	45.45	45.45	-54.55	-24.84	38.81	-36.67
Change in Inventory	0.34	0.34	1.32	1.2	0.33	3.95
Change in Accounts Payable	77.62	77.62	32.94	32.54	-11.33	101.07
Operating Cash Flow	45.88	31.86	29.41	81.45	30.79	44.55
Operating Cash Flow Growth	261.69%	8.35%	-63.90%	164.55%	-30.88%	28.29%
Capital Expenditures	-0.61	-1.22	-9.23	-20.9	-68.3	-17.5
Sale of Property, Plant & Equipment	2.35	2.35	8.68	2.39	34.54	0.38
Investment in Securities	4.61	4.61	-21.68	-22.09	-1.15	-
Other Investing Activities	-8.98	-4.99	-3.52	-32.92	0.46	0.83
Investing Cash Flow	-2.64	0.75	-25.75	-73.53	-34.45	-16.29
Common Dividends Paid	-	-9.96	-9.38	-	-	-14.07
Financing Cash Flow	-	-9.96	-9.38	-	-	-14.07
Net Cash Flow	43.25	22.65	-5.72	7.92	-3.67	14.19
Free Cash Flow	45.27	30.64	20.17	60.55	-37.51	27.04
Free Cash Flow Growth	483.27%	51.89%	-66.68%	-	-	-
Free Cash Flow Margin	26.46%	11.74%	3.83%	8.67%	-5.53%	4.04%
Free Cash Flow Per Share	0.09	0.06	0.04	0.12	-0.07	0.05
Cash Income Tax Paid	5.97	5.97	8.05	16.64	1.86	9.3
Levered Free Cash Flow	161.74	113.46	-33.87	26.31	54.81	57.97
Unlevered Free Cash Flow	161.74	113.46	-33.87	26.31	54.81	57.97
Change in Working Capital	123.41	123.41	-20.3	8.91	27.82	68.35

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.