Cornerstone Insurance Cash Flow Statement

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

Millions NGN. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	2020 - 2016
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	2020 - 2016
Net Income	8,269	25,583	13,701	0.07	3,511	Upgrade
Depreciation & Amortization	454.84	369.94	257.89	207.15	212.35	Upgrade
Other Operating Activities	-4,076	-24,552	-9,545	2,016	-2,976	Upgrade
Operating Cash Flow	4,647	1,401	4,414	2,223	747.66	Upgrade
Operating Cash Flow Growth	231.69%	-68.26%	98.58%	197.33%	-58.02%	Upgrade
Capital Expenditures	-947.24	-383.75	-599.61	-270.05	-283.08	Upgrade
Sale of Property, Plant & Equipment	-	9.86	33.85	9.07	0.14	Upgrade
Purchase / Sale of Intangible Assets	17.82	-12.57	-7.44	-0.32	-7.56	Upgrade
Investment in Securities	-8,004	-9,613	-3,863	-5,587	-1,067	Upgrade
Other Investing Activities	7,296	6,445	2,522	963.58	1,534	Upgrade
Investing Cash Flow	-1,637	-3,554	-1,914	-4,883	175.06	Upgrade
Repurchases of Common Stock	-	-	-	-	-8.69	Upgrade
Common Dividends Paid	-4,866	-2,907	-	-908.32	-	Upgrade
Other Financing Activities	-	-	-	-0.63	-62.04	Upgrade
Financing Cash Flow	-4,866	-2,907	-	-908.95	-70.73	Upgrade
Foreign Exchange Rate Adjustments	-89.86	9,904	5,831	52.52	1,888	Upgrade
Miscellaneous Cash Flow Adjustments	0	-0	0	-	-	Upgrade
Net Cash Flow	-1,947	4,844	8,332	-3,517	2,740	Upgrade
Free Cash Flow	3,700	1,017	3,815	1,953	464.59	Upgrade
Free Cash Flow Growth	263.70%	-73.33%	95.34%	320.37%	-71.56%	Upgrade
Free Cash Flow Margin	6.05%	2.40%	13.13%	8.81%	3.96%	Upgrade
Free Cash Flow Per Share	0.20	0.06	0.21	0.11	0.03	Upgrade
Cash Income Tax Paid	801.76	312.83	223.59	248.23	154.91	Upgrade
Levered Free Cash Flow	-516.52	-7,160	8,932	-15,475	1,422	Upgrade
Unlevered Free Cash Flow	-516.52	-7,160	8,932	-15,475	1,422	Upgrade

Source: S&P Capital IQ. Insurance template. Financial Sources.