Veritas Kapital Assurance 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	Mar '26 Mar 31, 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	3,628	3,733	-1,224	2,575	540.61	505.3
Depreciation & Amortization	309.47	292.62	255.55	205.06	208.97	448.32
Other Amortization	150.29	147.55	104.66	69.98	35.86	31.89
Other Operating Activities	-11,265	-6,925	862.77	2,055	-3,267	-1,246
Operating Cash Flow	-7,177	-2,751	-1.43	4,905	-2,481	-260.79
Capital Expenditures	-689.43	-392.29	-462.81	-157.27	-225.54	-255.1
Sale of Property, Plant & Equipment	44.14	27.1	17.53	424.31	284.39	10.35
Purchase / Sale of Intangible Assets	-62.96	-6.96	-233.69	-424.61	-1.68	-81.93
Investment in Securities	-2,451	-1,896	-2,091	-2,298	-2,199	166.79
Other Investing Activities	2,262	2,431	4,623	1,980	1,938	1,919
Investing Cash Flow	-896.43	162.85	1,854	-429.85	-204.65	1,911
Issuance of Common Stock	-	-	-	-	1,050	-
Common Dividends Paid	-284.01	-284.01	-249.01	-181.02	-	-
Other Financing Activities	-120.28	-120.28	-105.28	-75.42	-18.42	-0.28
Financing Cash Flow	-404.29	-404.29	-354.29	-256.44	1,032	-0.28
Foreign Exchange Rate Adjustments	-302.92	-280.9	3,184	-2,056	168.4	-
Miscellaneous Cash Flow Adjustments	-	-	-	0	-0	-
Net Cash Flow	-8,781	-3,274	4,682	2,162	-1,486	1,650
Free Cash Flow	-7,867	-3,144	-464.24	4,748	-2,707	-515.9
Free Cash Flow Margin	-58.90%	-27.85%	-3.64%	59.89%	-48.00%	-10.13%
Free Cash Flow Per Share	-0.57	-0.23	-0.03	0.34	-0.20	-0.04
Cash Income Tax Paid	305.61	274.58	222.15	145.85	31.83	69.77
Levered Free Cash Flow	-2,028	-1,147	4,319	1,148	-1,123	1,310
Unlevered Free Cash Flow	-2,028	-1,147	4,319	1,148	-1,122	1,310