Transcorp Power 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
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Net Income	91,417	80,013	30,234	17,283
Depreciation & Amortization	5,533	4,901	4,757	3,472
Loss (Gain) on Sale of Assets	-	-	-	-0.34
Asset Writedown	2,375	-	-	-
Change in Accounts Receivable	-176,199	-147,313	-41,245	-17,558
Change in Inventory	-1,066	-606.71	-147.82	-566.33
Change in Accounts Payable	91,089	73,611	-	2,966
Other Operating Activities	31,211	39,360	30,156	15,541
Operating Cash Flow	56,300	54,848	25,030	21,419
Operating Cash Flow Growth	2.65%	119.13%	16.86%	-
Capital Expenditures	-2,702	-8,654	-4,883	-4,327
Sale of Property, Plant & Equipment	-	-	-	0.82
Investment in Securities	-5,000	-15,007	-	-683.36
Other Investing Activities	411.42	1,474	3,010	1,260
Investing Cash Flow	-7,291	-22,187	-1,873	-3,749
Long-Term Debt Issued	23,527	23,463	14,950	15,767
Long-Term Debt Repaid	-30,810	-23,465	-24,948	-22,691
Net Debt Issued (Repaid)	-7,284	-2.13	-9,999	-6,924
Common Dividends Paid	-37,500	-23,092	-2,322	-12,950
Other Financing Activities	-10,342	-8,156	-7,169	-3,841
Financing Cash Flow	-55,126	-31,251	-19,490	-23,715
Foreign Exchange Rate Adjustments	0.44	556.37	-	-
Miscellaneous Cash Flow Adjustments	-	-	-	-0
Net Cash Flow	-6,116	1,967	3,667	-6,045
Free Cash Flow	53,598	46,194	20,147	17,092
Free Cash Flow Growth	16.03%	129.28%	17.87%	-
Free Cash Flow Margin	13.46%	15.10%	14.18%	18.92%
Free Cash Flow Per Share	7.15	6.16	61.47	215.95
Cash Interest Paid	10,342	8,156	7,169	-
Cash Income Tax Paid	1,306	2,551	1,977	3,022
Levered Free Cash Flow	25,562	13,886	24,348	-
Unlevered Free Cash Flow	32,254	20,048	29,157	-
Change in Working Capital	-86,176	-74,309	-41,393	-15,158

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