Zenith Bank Plc (NGX:ZENITHBANK)
Nigeria · Delayed Price · Currency is NGN 120.90
-0.60 (-0.49%)
At close: Oct 23, 2026
Zenith Bank Cash Flow Statement
Financials in millions NGN. Fiscal year is January - December.
Millions NGN. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 | 938,207 | 1,039,747 | 1,032,711 | 676,569 | 224,050 | 244,402 |
Depreciation & Amortization | 66,590 | 58,576 | 44,228 | 29,857 | 26,630 | 25,305 |
Other Amortization | 17,334 | 16,940 | 8,318 | 3,469 | 3,679 | 3,779 |
Gain (Loss) on Sale of Assets | -1,123 | -595 | 994 | -189 | -2,563 | -78 |
Gain (Loss) on Sale of Investments | -24,078 | 27,285 | 62,897 | -485,852 | -8,667 | -84,822 |
Total Asset Writedown | -132 | -584 | 1,784 | -3,266 | 3,181 | 2,070 |
Provision for Credit Losses | 181,580 | 843,417 | 594,176 | 400,650 | 38,343 | 48,873 |
Change in Trading Asset Securities | -876,967 | 1,596,997 | -559,300 | 451,645 | -76,101 | -97,724 |
Change in Other Net Operating Assets | -3,058,562 | -2,342,659 | -5,165,253 | -4,952,517 | -1,243,206 | -700,137 |
Other Operating Activities | -852,811 | -1,157,655 | -1,998,008 | 140,322 | -146,291 | -144,022 |
Operating Cash Flow | -3,610,044 | 71,958 | -5,986,098 | -3,744,973 | -1,183,168 | -705,108 |
Operating Cash Flow Growth | - | - | - | - | - | - |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Capital Expenditures | -163,217 | -100,204 | -101,993 | -50,281 | -67,245 | -33,766 |
Sale of Property, Plant and Equipment | 1,776 | 1,580 | 3,520 | 1,382 | 3,207 | 448 |
Investment in Securities | -653,368 | -3,732,368 | -304,110 | -2,109,196 | -383,422 | -272,823 |
Income (Loss) Equity Investments | -82 | -9,511 | -8,645 | -5,661 | -2,223 | -2,754 |
Purchase / Sale of Intangibles | -5,132 | -6,578 | -49,371 | -24,035 | -4,130 | -14,884 |
Other Investing Activities | 1,786,128 | 1,362,006 | 344,421 | 89,884 | 88,358 | 81,484 |
Investing Cash Flow | 978,899 | -2,475,564 | -107,533 | -2,092,246 | -363,232 | -239,884 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Long-Term Debt Issued | - | 21,320,274 | 2,877,440 | 1,148,702 | 1,243,614 | 726,902 |
Long-Term Debt Repaid | - | -22,662,493 | -2,771,551 | -1,619,116 | -1,244,966 | -895,936 |
Lease Payments | -9,106 | -7,573 | -4,363 | -1,543 | -4,011 | -2,802 |
Net Debt Issued (Repaid) | -1,057,790 | -1,342,219 | 105,889 | -470,414 | -1,352 | -169,034 |
Issuance of Common Stock | - | - | 343,903 | - | - | - |
Common Dividends Paid | -410,699 | -215,617 | -141,284 | -106,748 | -97,371 | -94,226 |
Net Increase (Decrease) in Deposit Accounts | 2,709,729 | 2,407,324 | 6,809,014 | 6,195,403 | 2,362,290 | 1,091,293 |
Other Financing Activities | -198,569 | -390,023 | -207,162 | -103,545 | 1,117 | 612 |
Financing Cash Flow | 1,042,671 | 459,465 | 6,910,360 | 5,514,696 | 2,264,684 | 828,645 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Foreign Exchange Rate Adjustments | 450,076 | 9,529 | 1,671,032 | 686,276 | 87,956 | 42,346 |
Net Cash Flow | -1,138,398 | -1,934,612 | 2,487,761 | 363,753 | 806,239 | -74,001 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Free Cash Flow | -3,773,261 | -28,246 | -6,088,091 | -3,795,254 | -1,250,413 | -738,874 |
Free Cash Flow Growth | - | - | - | - | - | - |
Free Cash Flow Margin | -159.20% | -1.22% | -276.00% | -301.53% | -200.28% | -129.65% |
Free Cash Flow Per Share | -91.87 | -0.69 | -193.75 | -120.88 | -39.83 | -23.53 |
Free Cash Flow After Leases | -3,782,367 | -35,819 | -6,092,454 | -3,796,797 | -1,254,424 | -741,676 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Cash Interest Paid | 1,005,639 | 1,151,125 | 833,710 | 413,961 | 143,859 | 107,051 |
Cash Income Tax Paid | 295,761 | 391,198 | 101,135 | 107,535 | 24,247 | 15,045 |