VFD Group Cash Flow Statement

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

Millions NGN. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Net Income	7,712	-2,463	5,360
Depreciation & Amortization	2,271	1,328	829.9
Other Amortization	110.72	142.01	207.81
Loss (Gain) From Sale of Assets	-311.55	-71.44	-181.23
Asset Writedown & Restructuring Costs	-	90.91	-5,252
Loss (Gain) From Sale of Investments	1,539	-3,590	-655.21
Loss (Gain) on Equity Investments	-30.05	-375.14	-334.81
Other Operating Activities	3,167	-14,748	-27,104
Change in Accounts Receivable	-31,208	4,152	48,927
Change in Other Net Operating Assets	21,268	5,708	2,100
Operating Cash Flow	4,519	-9,826	23,898
Capital Expenditures	-1,962	-7,339	-3,124
Sale of Property, Plant & Equipment	84.1	1,210	465.09
Divestitures	-	1,067	-
Sale (Purchase) of Intangibles	-73.72	-257.74	-16.2
Investment in Securities	-1,377	-15,866	-10,413
Other Investing Activities	531.27	1,290	336.18
Investing Cash Flow	-8,842	-18,759	-35,065
Long-Term Debt Issued	-	69,694	28,856
Long-Term Debt Repaid	-	-34,436	-17,218
Net Debt Issued (Repaid)	-	35,258	11,638
Issuance of Common Stock	19,875	-	-
Common Dividends Paid	-	-1,499	-1,367
Other Financing Activities	-	-	-21.94
Financing Cash Flow	19,875	33,758	10,249
Foreign Exchange Rate Adjustments	551.95	198.91	-
Miscellaneous Cash Flow Adjustments	-	-0	-
Net Cash Flow	16,103	5,372	-917.53
Free Cash Flow	2,557	-17,166	20,774
Free Cash Flow Margin	8.52%	-281.58%	171.08%
Free Cash Flow Per Share	2.02	-18.07	21.86
Cash Interest Paid	-	44,128	19,753
Cash Income Tax Paid	175.57	162.73	511
Levered Free Cash Flow	-123,637	-1,843	-
Unlevered Free Cash Flow	-123,637	-1,843	-
Change in Net Working Capital	129,442	-8,853	-

Source: S&P Capital IQ. Standard template. Financial Sources.