United Capital Cash Flow Statement

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

Millions NGN. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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	37,355	28,147	24,103	11,420	9,653	11,259
Depreciation & Amortization, Total	1,032	691.86	520.19	385.53	268.47	275.28
Gain (Loss) On Sale of Investments	-24,101	-21,448	-3,146	8,113	5,661	125.08
Change in Accounts Receivable	89,743	112,214	-76,117	-34,489	-28,539	-2,595
Change in Other Net Operating Assets	234,804	69,095	514,809	165,907	120,920	217,772
Other Operating Activities	21,710	17,776	1,476	-19,410	1,110	-11,488
Operating Cash Flow	360,869	207,212	462,220	139,945	109,626	215,499
Capital Expenditures	-8,019	-1,679	-772.32	-1,178	-110.87	-110.45
Sale (Purchase) of Intangibles	-275.6	-97.67	-911.59	-68.55	-137.84	-57.58
Investment in Securities	-228,103	-197,986	-392,148	-240,294	-20,856	-201,976
Other Investing Activities	3,972	4,493	1,165	954.98	1,016	1,707
Investing Cash Flow	-232,133	-194,977	-392,447	-240,585	-20,088	-200,438
Long-Term Debt Issued	-	-	198,467	109,680	36,026	17,564
Long-Term Debt Repaid	-	-23,166	-68,534	-11,032	-18,990	-18,184
Net Debt Issued (Repaid)	-176,953	-23,166	129,933	98,649	17,036	-619.94
Common Dividends Paid	-19,800	-14,400	-16,200	-9,000	-9,000	-4,200
Financing Cash Flow	-196,753	-37,566	113,733	89,649	8,036	-4,820
Foreign Exchange Rate Adjustments	43,014	3,745	-19,224	5,715	-1,513	-42.66
Net Cash Flow	-25,003	-21,586	164,282	-5,276	96,060	10,199
Free Cash Flow	352,851	205,533	461,448	138,767	109,515	215,388
Free Cash Flow Growth	254.43%	-55.46%	232.53%	26.71%	-49.16%	312.04%
Free Cash Flow Margin	418.08%	293.58%	1230.81%	646.64%	449.45%	1305.24%
Free Cash Flow Per Share	19.60	11.42	25.64	7.71	6.08	11.97
Cash Interest Paid	186,092	180,846	144,087	67,912	39,071	14,733
Cash Income Tax Paid	1,657	3,799	773.97	2,802	533.13	728.96