Coronation Insurance 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	2016 - 2020
Period Ending	Jun '25 Jun 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	2016 - 2020
Net Income	5,421	11,911	1,819	-1,968	-2,583	1,202	Upgrade
Depreciation & Amortization	1,315	1,447	488.75	381.36	431.95	449.69	Upgrade
Other Amortization	211.97	211.97	228.44	146.54	182.76	-	Upgrade
Other Operating Activities	14,131	7,756	6,448	589.67	556.45	-960.04	Upgrade
Operating Cash Flow	21,079	21,326	8,984	-850.06	-1,412	691.81	Upgrade
Operating Cash Flow Growth	57.21%	137.38%	-	-	-	-	Upgrade
Capital Expenditures	-539.42	-970.17	-852.13	-467.89	-418.99	-430.02	Upgrade
Sale of Property, Plant & Equipment	-	-	-	-	55.03	-	Upgrade
Purchase / Sale of Intangible Assets	-1,557	-1,449	-975.27	-541.1	-101.75	-158.29	Upgrade
Investment in Securities	-15,745	-13,535	-5,279	-2,124	5,308	-4,112	Upgrade
Other Investing Activities	2,639	2,308	456.84	1,070	1,133	1,336	Upgrade
Investing Cash Flow	-15,115	-13,558	-6,649	-2,063	5,976	-3,311	Upgrade
Total Debt Repaid	-162.77	-162.77	-20.68	-3.44	-49.47	-22.58	Upgrade
Net Debt Issued (Repaid)	-162.77	-162.77	-20.68	-3.44	-49.47	-22.58	Upgrade
Issuance of Common Stock	-	-	-	-	-	3,899	Upgrade
Other Financing Activities	-60.69	-60.69	-0.91	-0.97	-14	-6.39	Upgrade
Financing Cash Flow	-223.46	-223.46	-21.59	-4.41	-63.47	3,870	Upgrade
Foreign Exchange Rate Adjustments	-727.01	-727.01	13.79	1,714	15.23	7.21	Upgrade
Miscellaneous Cash Flow Adjustments	-1,933	-	-	-	136.36	0	Upgrade
Net Cash Flow	3,080	6,818	2,327	-1,203	4,653	1,257	Upgrade
Free Cash Flow	20,540	20,356	8,132	-1,318	-1,831	261.8	Upgrade
Free Cash Flow Growth	67.16%	150.32%	-	-	-	-	Upgrade
Free Cash Flow Margin	37.60%	40.02%	31.69%	-11.81%	-15.99%	2.51%	Upgrade
Free Cash Flow Per Share	0.86	0.85	0.34	-0.06	-0.08	0.01	Upgrade
Cash Interest Paid	60.69	60.69	0.91	0.97	14	6.39	Upgrade
Cash Income Tax Paid	748.02	358.71	249.16	25.97	166.16	91.44	Upgrade
Levered Free Cash Flow	-2,627	7,162	996.84	-6,961	830.06	-2,159	Upgrade
Unlevered Free Cash Flow	-2,627	7,162	996.84	-6,961	864.41	-2,140	Upgrade
Change in Net Working Capital	-35.46	-7,075	-1,725	5,671	-2,459	1,895	Upgrade

Source: S&P Global Market Intelligence. Insurance template. Financial Sources.