Lafarge Africa 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	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	247,849	100,145	51,141	53,647	51,004	30,842
Depreciation & Amortization	33,198	29,367	27,246	24,784	32,657	29,789
Other Amortization	16.62	9.5	48.45	622.56	-	-
Loss (Gain) From Sale of Assets	-272.23	-965.96	-404.97	-24.6	-89.74	-237.37
Asset Writedown & Restructuring Costs	-4,671	-4,671	-	-	4,802	1,234
Loss (Gain) From Sale of Investments	-	-	-	-	-133.92	-
Loss (Gain) on Equity Investments	-	-	-	-	-683.31	-433.15
Provision & Write-off of Bad Debts	79.77	323.45	31.71	431.17	25.6	-20.61
Other Operating Activities	99,473	60,502	39,891	19,855	10,143	14,283
Change in Accounts Receivable	-8,754	-2,072	-1,528	411.76	-2,193	3,185
Change in Inventory	-15,636	-50,292	81.2	-9,598	-13,956	1,617
Change in Accounts Payable	-17,196	80,776	14,922	17,416	-198.84	-488.86
Change in Unearned Revenue	-45,706	137,473	28,963	2,658	20,626	-
Change in Other Net Operating Assets	-25,648	-138,583	-9,494	-9,489	-29,386	-16,034
Operating Cash Flow	262,733	212,011	150,897	100,715	72,617	63,736
Operating Cash Flow Growth	167.59%	40.50%	49.83%	38.69%	13.94%	-34.13%
Capital Expenditures	-76,447	-72,992	-41,489	-23,254	-22,576	-9,936
Sale of Property, Plant & Equipment	-124.12	1,234	-	68.87	15.65	475.06
Investment in Securities	-	-	-	-	1,211	-
Other Investing Activities	18,267	2,062	4,654	1,487	3,458	638.71
Investing Cash Flow	-58,304	-69,697	-36,835	-21,698	-17,891	-8,822
Long-Term Debt Issued	-	2,164	25,096	27,126	15,717	1,834
Long-Term Debt Repaid	-	-29,851	-38,684	-21,976	-43,255	-15,248
Net Debt Issued (Repaid)	-2,945	-27,687	-13,588	5,150	-27,537	-13,414
Common Dividends Paid	-83,127	-30,605	-47,289	-14,535	-27,310	-7,513
Other Financing Activities	-3,572	-16,571	-4,736	-2,166	-5,224	-7,541
Financing Cash Flow	-89,644	-74,863	-65,613	-11,551	-60,071	-28,467
Foreign Exchange Rate Adjustments	3,147	1,935	633.85	670.14	1,914	-90.23
Miscellaneous Cash Flow Adjustments	-	-	-	0	-	-
Net Cash Flow	117,932	69,386	49,083	68,136	-3,431	26,356
Free Cash Flow	186,286	139,018	109,408	77,461	50,041	53,800
Free Cash Flow Growth	530.70%	27.06%	41.24%	54.79%	-6.99%	-27.73%
Free Cash Flow Margin	18.67%	19.95%	26.98%	20.75%	17.07%	23.33%
Free Cash Flow Per Share	11.56	8.63	6.79	4.81	3.11	3.34
Cash Interest Paid	3,572	16,571	4,736	2,166	5,224	7,541
Cash Income Tax Paid	10,487	5,690	3,803	3,419	2,729	1,556
Levered Free Cash Flow	211,007	190,216	106,834	85,819	41,704	52,237
Unlevered Free Cash Flow	213,492	191,241	107,186	86,298	44,056	57,149
Change in Working Capital	-112,941	27,301	32,944	1,399	-25,108	-11,721

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.