NGDC

Natural Gas Distribution Company

9516StocksTadawulUtilities

Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual Semi-annual

Semi-annual (SAR)

1-5

	H2 2025Dec 31, 2025	H1 2025Jun 30, 2025	H2 2024Dec 31, 2024	H1 2024Jun 30, 2024	H2 2023Dec 31, 2023
Operations
Operating Cash Flow	7.42M	9.19M	12.58M	3.57M	-5.41M
Free Cash Flow	4.66M	5.42M	3.56M	3.28M	-6.09M
Capital Expenditures	-2.76M	-3.77M	-9.02M	-0.29M	-0.68M
Investing & Financing
Investing Cash Flow	-2.38M	-4.77M	-8.36M	-0.29M	-0.20M
Financing Cash Flow	-1.41M	-0.50M	-1.86M	-2.56M	-0.01M
Dividends Paid	-2.50M	—	-2.50M	—	—
Operating Activities
Operating Cash Flow	7.42M	9.19M	12.58M	3.57M	-5.41M
Net Income	5.39M	2.25M	2.28M	1.49M	1.98M
Change in Accounts Payable	-0.62M	5.41M	2.34M	3.01M	-5.92M
Change in Accounts Receivable	3.59M	-4.28M	2.73M	-8.05M	-0.65M
Change in Inventory	-151.73K	-11.71K	31.73K	21.92K	-267.67K
Change in Other Net Operating Assets	0.47M	3.15M	3.88M	4.55M	-2.76M
Change in Working Capital	3.28M	4.27M	8.98M	-0.47M	-9.59M
Other Operating Activities	-357.08K	192.20K	-661.41K	-400.47K	-573.34K
Provision & Write-off of Bad Debts	—	—	—	—	—
Depreciation & Amortization	2.28M	2.50M	2.51M	2.69M	2.77M
Cash Interest Paid	—	—	—	—	—
Loss (Gain) on Equity Investments	-3.18M	-0.02M	-0.53M	0.25M	—
Investing Activities
Investing Cash Flow	-2.38M	-4.77M	-8.36M	-0.29M	-0.20M
Capital Expenditures	-2.76M	-3.77M	-9.02M	-0.29M	-0.68M
Investment in Securities	—	-1.00M	—	—	-0.25M
Other Investing Activities	376.52K	—	702.88K	—	731.30K
Sale (Purchase) of Intangibles	—	—	-50.00K	—	—
Sale of Property, Plant & Equipment	0.00M	0.00M	0.00M	0.00M	-0.00M
Loss (Gain) From Sale of Assets	—	—	—	—	—
Financing Activities
Financing Cash Flow	-1.41M	-0.50M	-1.86M	-2.56M	-0.01M
Common Dividends Paid	-2.50M	—	-2.50M	—	—
Long-Term Debt Issued	—	2.57M	—	—	—
Total Debt Issued	1.11M	2.57M	3.71M	—	—
Long-Term Debt Repaid	—	-3.07M	—	-2.56M	—
Total Debt Repaid	-0.02M	-3.07M	-3.07M	-2.56M	-0.01M
Net Debt Issued (Repaid)	1.09M	-0.50M	0.64M	-2.56M	-0.01M
Other Financing Activities	—	—	—	—	—
Free Cash Flow & Returns
Free Cash Flow	4.66M	5.42M	3.56M	3.28M	-6.09M
Free Cash Flow Growth	+30.8%	+65.3%	—	-75.5%	—
Free Cash Flow Margin	+6.3%	+7.2%	+6.4%	+6.0%	-13.6%
Free Cash Flow Per Share	0.93	1.08	0.71	0.66	-1.22
Levered Free Cash Flow	2.01M	2.57M	-2.69M	4.66M	-4.35M
Unlevered Free Cash Flow	2.03M	2.60M	-2.67M	4.68M	-4.32M
Operating Cash Flow Growth	-41.1%	+157.8%	—	-74.1%	—
Net Cash Flow	3.63M	3.92M	2.35M	0.72M	-5.62M

Income Statement Balance Sheet Cash Flow Ratios

Annual Semi-annual

Semi-annual (SAR)

1-5

	H2 2025Dec 31, 2025	H1 2025Jun 30, 2025	H2 2024Dec 31, 2024	H1 2024Jun 30, 2024	H2 2023Dec 31, 2023
Operations
Operating Cash Flow	7.42M	9.19M	12.58M	3.57M	-5.41M
Free Cash Flow	4.66M	5.42M	3.56M	3.28M	-6.09M
Capital Expenditures	-2.76M	-3.77M	-9.02M	-0.29M	-0.68M
Investing & Financing
Investing Cash Flow	-2.38M	-4.77M	-8.36M	-0.29M	-0.20M
Financing Cash Flow	-1.41M	-0.50M	-1.86M	-2.56M	-0.01M
Dividends Paid	-2.50M	—	-2.50M	—	—
Operating Activities
Operating Cash Flow	7.42M	9.19M	12.58M	3.57M	-5.41M
Net Income	5.39M	2.25M	2.28M	1.49M	1.98M
Change in Accounts Payable	-0.62M	5.41M	2.34M	3.01M	-5.92M
Change in Accounts Receivable	3.59M	-4.28M	2.73M	-8.05M	-0.65M
Change in Inventory	-151.73K	-11.71K	31.73K	21.92K	-267.67K
Change in Other Net Operating Assets	0.47M	3.15M	3.88M	4.55M	-2.76M
Change in Working Capital	3.28M	4.27M	8.98M	-0.47M	-9.59M
Other Operating Activities	-357.08K	192.20K	-661.41K	-400.47K	-573.34K
Provision & Write-off of Bad Debts	—	—	—	—	—
Depreciation & Amortization	2.28M	2.50M	2.51M	2.69M	2.77M
Cash Interest Paid	—	—	—	—	—
Loss (Gain) on Equity Investments	-3.18M	-0.02M	-0.53M	0.25M	—
Investing Activities
Investing Cash Flow	-2.38M	-4.77M	-8.36M	-0.29M	-0.20M
Capital Expenditures	-2.76M	-3.77M	-9.02M	-0.29M	-0.68M
Investment in Securities	—	-1.00M	—	—	-0.25M
Other Investing Activities	376.52K	—	702.88K	—	731.30K
Sale (Purchase) of Intangibles	—	—	-50.00K	—	—
Sale of Property, Plant & Equipment	0.00M	0.00M	0.00M	0.00M	-0.00M
Loss (Gain) From Sale of Assets	—	—	—	—	—
Financing Activities
Financing Cash Flow	-1.41M	-0.50M	-1.86M	-2.56M	-0.01M
Common Dividends Paid	-2.50M	—	-2.50M	—	—
Long-Term Debt Issued	—	2.57M	—	—	—
Total Debt Issued	1.11M	2.57M	3.71M	—	—
Long-Term Debt Repaid	—	-3.07M	—	-2.56M	—
Total Debt Repaid	-0.02M	-3.07M	-3.07M	-2.56M	-0.01M
Net Debt Issued (Repaid)	1.09M	-0.50M	0.64M	-2.56M	-0.01M
Other Financing Activities	—	—	—	—	—
Free Cash Flow & Returns
Free Cash Flow	4.66M	5.42M	3.56M	3.28M	-6.09M
Free Cash Flow Growth	+30.8%	+65.3%	—	-75.5%	—
Free Cash Flow Margin	+6.3%	+7.2%	+6.4%	+6.0%	-13.6%
Free Cash Flow Per Share	0.93	1.08	0.71	0.66	-1.22
Levered Free Cash Flow	2.01M	2.57M	-2.69M	4.66M	-4.35M
Unlevered Free Cash Flow	2.03M	2.60M	-2.67M	4.68M	-4.32M
Operating Cash Flow Growth	-41.1%	+157.8%	—	-74.1%	—
Net Cash Flow	3.63M	3.92M	2.35M	0.72M	-5.62M