Lafarge Africa Cash Flow Statement

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

Millions NGN. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	273,120	100,145	51,141	53,647	51,004
Depreciation & Amortization	34,816	29,367	27,246	24,784	32,657
Other Amortization	9.5	9.5	48.45	622.56	-
Loss (Gain) From Sale of Assets	-229.94	-965.96	-404.97	-24.6	-89.74
Asset Writedown & Restructuring Costs	677.19	-4,348	-	-	4,802
Loss (Gain) From Sale of Investments	-	-	-	-	-133.92
Loss (Gain) on Equity Investments	-	-	-	-	-683.31
Provision & Write-off of Bad Debts	-	-	31.71	431.17	25.6
Other Operating Activities	113,871	62,177	39,891	19,855	10,143
Change in Accounts Receivable	-3,228	-2,072	-1,528	411.76	-2,193
Change in Inventory	-7,925	-49,851	81.2	-9,598	-13,956
Change in Accounts Payable	-5,430	80,776	14,922	17,416	-198.84
Change in Unearned Revenue	-96,509	137,473	28,963	2,658	20,626
Change in Other Net Operating Assets	-16,544	-138,583	-9,494	-9,489	-29,386
Operating Cash Flow	292,629	214,127	150,897	100,715	72,617
Operating Cash Flow Growth	36.66%	41.90%	49.83%	38.69%	13.94%
Capital Expenditures	-74,610	-74,668	-41,489	-23,254	-22,576
Sale of Property, Plant & Equipment	229.94	1,234	-	68.87	15.65
Investment in Securities	-	-	-	-	1,211
Other Investing Activities	25,080	2,062	4,654	1,487	3,458
Investing Cash Flow	-49,300	-71,372	-36,835	-21,698	-17,891
Long-Term Debt Issued	-	2,164	25,096	27,126	15,717
Long-Term Debt Repaid	-926.15	-29,851	-38,684	-21,976	-43,255
Net Debt Issued (Repaid)	-926.15	-27,687	-13,588	5,150	-27,537
Common Dividends Paid	-83,761	-30,605	-47,289	-14,535	-27,310
Other Financing Activities	-8,578	-16,571	-4,736	-2,166	-5,224
Financing Cash Flow	-93,265	-74,863	-65,613	-11,551	-60,071
Foreign Exchange Rate Adjustments	-319.69	1,495	633.85	670.14	1,914
Miscellaneous Cash Flow Adjustments	-0	-0	-	0	-
Net Cash Flow	149,744	69,386	49,083	68,136	-3,431
Free Cash Flow	218,019	139,459	109,408	77,461	50,041
Free Cash Flow Growth	56.33%	27.47%	41.24%	54.79%	-6.99%
Free Cash Flow Margin	20.45%	20.02%	26.98%	20.75%	17.07%
Free Cash Flow Per Share	13.54	8.66	6.79	4.81	3.11
Cash Interest Paid	8,578	16,571	4,736	2,166	5,224
Cash Income Tax Paid	10,487	5,690	3,803	3,419	2,729
Levered Free Cash Flow	228,375	176,893	106,834	85,819	41,704
Unlevered Free Cash Flow	228,535	177,786	107,186	86,298	44,056
Change in Working Capital	-129,635	27,741	32,944	1,399	-25,108

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