Veritas Kapital Assurance 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	3,733	-1,224	2,575	540.61	505.3	Upgrade
Depreciation & Amortization	292.62	255.55	205.06	208.97	448.32	Upgrade
Other Amortization	147.55	104.66	69.98	35.86	31.89	Upgrade
Other Operating Activities	-6,925	862.77	2,055	-3,267	-1,246	Upgrade
Operating Cash Flow	-2,751	-1.43	4,905	-2,481	-260.79	Upgrade
Capital Expenditures	-392.29	-462.81	-157.27	-225.54	-255.1	Upgrade
Sale of Property, Plant & Equipment	27.1	17.53	424.31	284.39	10.35	Upgrade
Purchase / Sale of Intangible Assets	-6.96	-233.69	-424.61	-1.68	-81.93	Upgrade
Investment in Securities	-1,896	-2,091	-2,298	-2,199	166.79	Upgrade
Other Investing Activities	2,431	4,623	1,980	1,938	1,919	Upgrade
Investing Cash Flow	162.85	1,854	-429.85	-204.65	1,911	Upgrade
Issuance of Common Stock	-	-	-	1,050	-	Upgrade
Common Dividends Paid	-284.01	-249.01	-181.02	-	-	Upgrade
Other Financing Activities	-120.28	-105.28	-75.42	-18.42	-0.28	Upgrade
Financing Cash Flow	-404.29	-354.29	-256.44	1,032	-0.28	Upgrade
Foreign Exchange Rate Adjustments	-280.9	3,184	-2,056	168.4	-	Upgrade
Miscellaneous Cash Flow Adjustments	-	-	0	-0	-	Upgrade
Net Cash Flow	-3,274	4,682	2,162	-1,486	1,650	Upgrade
Free Cash Flow	-3,144	-464.24	4,748	-2,707	-515.9	Upgrade
Free Cash Flow Margin	-27.85%	-3.64%	59.89%	-48.00%	-10.13%	Upgrade
Free Cash Flow Per Share	-0.23	-0.03	0.34	-0.20	-0.04	Upgrade
Cash Income Tax Paid	274.58	222.15	145.85	31.83	69.77	Upgrade
Levered Free Cash Flow	-1,147	4,319	1,148	-1,123	1,310	Upgrade
Unlevered Free Cash Flow	-1,147	4,319	1,148	-1,122	1,310	Upgrade

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