Fortis Global 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	-1,688	4,990	-1,816	-829.72	-1,725	Upgrade
Depreciation & Amortization	52.15	12.19	11.42	15.03	28.86	Upgrade
Other Amortization	1.94	2.5	-	-	-	Upgrade
Other Operating Activities	1,456	-5,077	1,798	-358.47	1,928	Upgrade
Operating Cash Flow	-177.68	-71.56	-6.79	-1,173	231.91	Upgrade
Capital Expenditures	-229.28	-	-	-0.78	-0.47	Upgrade
Sale of Property, Plant & Equipment	-	8.32	-	-	714.14	Upgrade
Investment in Securities	-	-	-	-198.22	57.43	Upgrade
Other Investing Activities	532.06	116.26	67.91	27.91	12.66	Upgrade
Investing Cash Flow	302.78	124.58	67.91	-171.09	783.76	Upgrade
Long-Term Debt Issued	12,000	-	-	-	-	Upgrade
Total Debt Repaid	-	-	-	-	-100	Upgrade
Net Debt Issued (Repaid)	12,000	-	-	-	-100	Upgrade
Other Financing Activities	-1,385	-156.62	-112.62	76.69	-135.92	Upgrade
Financing Cash Flow	10,615	-156.62	-112.62	76.69	-235.92	Upgrade
Net Cash Flow	10,740	-103.61	-51.5	-1,268	779.75	Upgrade
Free Cash Flow	-406.95	-71.56	-6.79	-1,174	231.44	Upgrade
Free Cash Flow Margin	-40.58%	-12.82%	-1.70%	-342.52%	55.95%	Upgrade
Free Cash Flow Per Share	-0.03	-0.01	-0.00	-0.09	0.02	Upgrade
Cash Interest Paid	1,385	156.62	-	-	135.92	Upgrade
Cash Income Tax Paid	-	-	-	-	45	Upgrade
Levered Free Cash Flow	2,014	-3,118	-32.67	-199.02	128.89	Upgrade
Unlevered Free Cash Flow	2,879	-2,961	37.72	-151.09	213.84	Upgrade

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