VFD Group Cash Flow Statement

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

Millions NGN. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022
Period Ending	Mar '25 Mar 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Net Income	8,600	7,712	-2,463	5,360
Depreciation & Amortization	2,108	2,271	1,328	829.9
Other Amortization	133.45	110.72	142.01	207.81
Loss (Gain) From Sale of Assets	-188.79	-311.55	-71.44	-181.23
Asset Writedown & Restructuring Costs	-	-	90.91	-5,252
Loss (Gain) From Sale of Investments	1,459	1,539	-3,590	-655.21
Loss (Gain) on Equity Investments	78.98	-30.05	-375.14	-334.81
Other Operating Activities	-1,493	3,167	-14,748	-27,104
Change in Accounts Receivable	-48,829	-31,208	4,152	48,927
Change in Other Net Operating Assets	54,123	21,268	5,708	2,100
Operating Cash Flow	15,612	4,519	-9,826	23,898
Capital Expenditures	-4,605	-1,962	-7,339	-3,124
Sale of Property, Plant & Equipment	82.78	84.1	1,210	465.09
Divestitures	-	-	1,067	-
Sale (Purchase) of Intangibles	-62.73	-73.72	-257.74	-16.2
Investment in Securities	7,917	-1,377	-15,866	-10,413
Other Investing Activities	550.58	531.27	1,290	336.18
Investing Cash Flow	-8,652	-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)	7,049	-	35,258	11,638
Issuance of Common Stock	7,695	19,875	-	-
Common Dividends Paid	-	-	-1,499	-1,367
Other Financing Activities	-	-	-	-21.94
Financing Cash Flow	14,744	19,875	33,758	10,249
Foreign Exchange Rate Adjustments	1,443	551.95	198.91	-
Miscellaneous Cash Flow Adjustments	0	-	-0	-
Net Cash Flow	23,146	16,103	5,372	-917.53
Free Cash Flow	11,007	2,557	-17,166	20,774
Free Cash Flow Margin	32.24%	8.52%	-281.58%	171.08%
Free Cash Flow Per Share	1.45	0.34	-3.01	3.64
Cash Interest Paid	19,725	-	44,128	19,753
Cash Income Tax Paid	175.57	175.57	162.73	511
Levered Free Cash Flow	-45,279	2,626	-1,843	-
Unlevered Free Cash Flow	-44,063	2,626	-1,843	-
Change in Net Working Capital	49,199	3,179	-8,853	-

Updated Jan 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.