NIC Holdings Cash Flow Statement

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

Millions UGX. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 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
Net Income	-2,597	477.2	-2,379	3,353	3,221	1,909
Depreciation & Amortization	1,037	1,037	1,011	822.11	808.63	795.47
Other Amortization	33.2	33.2	53.21	96.08	104.68	97.21
Gain (Loss) on Sale of Assets	-79.42	-79.42	-38.9	144.23	-2,576	-3,101
Gain (Loss) on Sale of Investments	684	684	629.79	-370.87	-675.43	271.55
Change in Accounts Receivable	-	-	-	-	-2,519	-680.39
Reinsurance Recoverable	41.84	41.84	-814.7	-	496.1	-
Change in Accounts Payable	-548.95	-548.95	-768.73	-	-	-
Change in Unearned Revenue	-	-	-	1,221	2,276	3,410
Change in Insurance Reserves / Liabilities	-6,900	-6,900	1,255	-	-2,043	-1,496
Change in Other Net Operating Assets	2,816	2,816	-1,162	2,350	-1,645	-2,418
Other Operating Activities	12,188	-1,306	-2,469	-4,005	-670.34	-872.6
Operating Cash Flow	6,920	-3,500	-5,723	2,062	-2,507	-2,298
Capital Expenditures	-30.19	-30.19	-1,305	-40.86	-3,583	-415.44
Sale of Property, Plant & Equipment	-	-	-	-	6,834	350
Purchase / Sale of Intangible Assets	-	-	-19.88	-64.82	-27.63	-86.87
Investment in Securities	171.98	171.98	12,203	-14,108	-1,856	-641.56
Other Investing Activities	7,798	1,284	2,714	1,703	858.65	1,123
Investing Cash Flow	7,939	1,426	13,637	-12,793	2,251	1,154
Long-Term Debt Issued	-	4,050	514.41	12,600	-	-
Total Debt Repaid	-3,763	-3,763	-6,820	-2,046	-284.56	-297.12
Net Debt Issued (Repaid)	287.48	287.48	-6,306	10,554	-284.56	-297.12
Issuance of Common Stock	360	360	845	710	-	-
Common Dividends Paid	-5.08	-5.08	-1,076	-2.37	-2.68	-0.36
Other Financing Activities	-6,000	-	-	-	-	-
Financing Cash Flow	-5,358	642.4	-6,536	11,261	-287.23	-297.48
Foreign Exchange Rate Adjustments	-	-	-0.42	-5.29	2.13	1.9
Miscellaneous Cash Flow Adjustments	-	-	-	-	0	16.82
Net Cash Flow	9,501	-1,432	1,378	525.04	-540.72	-1,423
Free Cash Flow	6,889	-3,530	-7,028	2,021	-6,090	-2,713
Free Cash Flow Margin	16.17%	-8.82%	-19.08%	5.65%	-30.46%	-16.12%
Free Cash Flow Per Share	3.11	-1.66	-3.31	0.95	-2.87	-1.28
Cash Interest Paid	853.85	853.85	1,252	650.36	72.3	407.26
Cash Income Tax Paid	679.28	679.28	1,276	1,532	461.34	699.06
Levered Free Cash Flow	-	310.16	-1,245	2,030	36,005	-11,539
Unlevered Free Cash Flow	-	1,008	-129.26	2,703	36,175	-10,985
Change in Working Capital	-2,955	-2,955	-1,553	4,308	-2,693	-1,258

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