University Press Cash Flow Statement

Financials in millions NGN. Fiscal year is April - March.

Millions NGN. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Net Income	279.33	450.63	-157.72	142.29	207.49	57.11
Depreciation & Amortization	113.47	131.89	135.06	144.87	169.65	149.57
Loss (Gain) From Sale of Assets	-60.33	-311.31	-19.21	-11.79	-4.84	-6.04
Asset Writedown & Restructuring Costs	-7.7	-7.7	-4.3	-11.5	-39.3	-26.7
Other Operating Activities	-59.72	11.95	-163.96	-91.74	101.65	-71.92
Change in Accounts Receivable	-54.18	0.45	18.86	206.11	-137.52	14.4
Change in Inventory	-113.56	402.34	-578.91	-182.59	143.94	-190.61
Change in Accounts Payable	282.39	-904.73	910.56	-60.12	-358.76	370.67
Change in Other Net Operating Assets	-74.24	-151.44	319.28	-54.08	197.59	25.03
Operating Cash Flow	305.46	-377.93	459.67	81.45	279.92	321.5
Operating Cash Flow Growth	-	-	464.36%	-70.90%	-12.93%	131.56%
Capital Expenditures	-32.2	-228.03	-64.96	-156.52	-158.9	-150.28
Sale of Property, Plant & Equipment	164.32	488.7	19.33	11.79	4.84	6.09
Other Investing Activities	64.4	78.39	25.58	31.23	32.35	14.97
Investing Cash Flow	196.52	339.06	-20.05	-113.49	-121.72	-129.21
Common Dividends Paid	-64.71	-10.79	-43.14	-43.14	-21.57	-64.71
Other Financing Activities	-102	-102	-	-	-	-
Financing Cash Flow	-166.71	-112.78	-43.14	-43.14	-21.57	-64.71
Net Cash Flow	335.27	-151.65	396.47	-75.18	136.63	127.57
Free Cash Flow	273.26	-605.96	394.7	-75.07	121.02	171.22
Free Cash Flow Growth	-	-	-	-	-29.32%	129.68%
Free Cash Flow Margin	6.97%	-17.81%	14.99%	-3.46%	5.25%	12.06%
Free Cash Flow Per Share	0.64	-1.41	0.92	-0.17	0.28	0.40
Cash Income Tax Paid	47.4	78.77	73.92	140.66	20.01	75.13
Levered Free Cash Flow	95.33	-675.61	570.03	-65.93	153.51	180.72
Unlevered Free Cash Flow	95.33	-675.61	570.03	-65.93	153.51	180.72
Change in Working Capital	40.41	-653.38	669.8	-90.67	-154.74	219.48

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