SBN Holdings Cash Flow Statement

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

Millions NAD. 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	1,184	1,050	766.27	623.6	365.39
Depreciation & Amortization	109.06	112.41	119.09	137.61	142.69
Other Amortization	42.19	63.95	60.56	53.02	47.68
Gain (Loss) on Sale of Assets	-	-	-	-3.43	-0.7
Total Asset Writedown	-	-	-	-17.6	22.22
Provision for Credit Losses	-	-	-	202.46	324.71
Change in Trading Asset Securities	-213.06	121.7	90.29	113.83	120.48
Change in Other Net Operating Assets	-1,309	-2,227	-1,866	-491.24	-1,677
Other Operating Activities	79.13	282.48	141.36	188.33	-18.93
Operating Cash Flow	-108.27	-596.17	-688.65	806.58	-673.38
Capital Expenditures	-20.35	-114.38	-66.42	-50.2	-62.32
Sale of Property, Plant and Equipment	0.36	0.47	2.74	5.05	1.66
Purchase / Sale of Intangibles	-19.48	-0.23	-28.42	-24.66	-96.54
Investing Cash Flow	-39.47	-114.14	-92.1	-69.81	-157.19
Long-Term Debt Issued	-	150	-	650	1,543
Long-Term Debt Repaid	-214.61	-666.24	-314.8	-117.81	-1,222
Net Debt Issued (Repaid)	-214.61	-516.24	-314.8	532.19	320.54
Common Dividends Paid	-700.11	-658.32	-459.78	-182.9	-156.64
Net Increase (Decrease) in Deposit Accounts	-879.89	3,815	2,833	-893.78	2,150
Financing Cash Flow	-1,795	2,641	2,058	-544.49	2,314
Foreign Exchange Rate Adjustments	-258.78	-3.92	195.68	-148.01	-14.34
Net Cash Flow	-2,201	1,926	1,473	44.27	1,469
Free Cash Flow	-128.62	-710.55	-755.07	756.39	-735.7
Free Cash Flow Margin	-3.45%	-19.52%	-24.41%	29.43%	-34.22%
Free Cash Flow Per Share	-0.25	-1.36	-1.45	1.45	-1.41
Cash Interest Paid	1,414	1,507	1,523	952.92	759.73
Cash Income Tax Paid	463.53	274.44	342.04	172.25	166.6