NCR (Nigeria) 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	196.05	-2,172	-738.9	-1,011	7.55	Upgrade
Depreciation & Amortization	15.39	15.11	13.05	18.07	44.6	Upgrade
Loss (Gain) From Sale of Assets	-	-	-	3.7	451.19	Upgrade
Provision & Write-off of Bad Debts	-	-	-	4.02	-34.17	Upgrade
Other Operating Activities	-17.24	2,566	1,467	899.22	316.4	Upgrade
Change in Accounts Receivable	-2,250	437.98	-539.6	-1,381	624.21	Upgrade
Change in Inventory	196.93	-108.23	111.92	50.26	263.78	Upgrade
Change in Accounts Payable	3,226	1,309	1,888	237.96	-1,187	Upgrade
Change in Unearned Revenue	-23.41	-129.02	19.65	18.67	-265.03	Upgrade
Change in Other Net Operating Assets	-133.73	-13.34	326.7	-332.93	-70.88	Upgrade
Operating Cash Flow	1,210	1,905	2,547	-1,492	150.42	Upgrade
Operating Cash Flow Growth	-36.46%	-25.23%	-	-	-	Upgrade
Capital Expenditures	-	-14.23	-42.27	-3.18	-14.15	Upgrade
Other Investing Activities	6.18	60.63	28.5	2.08	10.44	Upgrade
Investing Cash Flow	6.18	46.4	-13.78	-1.1	-3.7	Upgrade
Foreign Exchange Rate Adjustments	-	-2,672	-1,517	-980.12	-23.6	Upgrade
Net Cash Flow	1,216	-720.81	1,016	-2,474	123.12	Upgrade
Free Cash Flow	1,210	1,890	2,505	-1,496	136.28	Upgrade
Free Cash Flow Growth	-35.98%	-24.54%	-	-	-	Upgrade
Free Cash Flow Margin	39.27%	87.93%	85.36%	-45.74%	5.36%	Upgrade
Free Cash Flow Per Share	11.24	17.50	23.20	-13.85	1.26	Upgrade
Cash Income Tax Paid	11.05	19.28	16.36	216.92	3.25	Upgrade
Levered Free Cash Flow	1,139	99.97	1,312	-1,950	-27.1	Upgrade
Unlevered Free Cash Flow	1,139	99.97	1,312	-1,950	-27.1	Upgrade
Change in Working Capital	1,016	1,496	1,806	-1,407	-635.15	Upgrade

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