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Filter the 691 listed companies with published financial statements on this site by criteria calculated from their audited annual reports. This is our published set, not all African listed companies.

Active filters: Criterion: Operating cash flow below profit, two years running (remove) Reset

93 companies match the criterion, out of 691 companies in view.

Showing 1–50 of 93. Link to this view · Download these results (CSV)

CompanyCountryListingYears used Key figuresWhy it matches
Afdis Zimbabwe AFDS.ZW · ZSE FY to 31 Mar 2025FY to 31 Mar 2024 Operating cash flow less profit, FY to 31 Mar 2025: USD -2,587,600Operating cash flow less profit, FY to 31 Mar 2024: USD -8,266,768Reports in USD Operating cash flow was below profit for the year in FY to 31 Mar 2024 and FY to 31 Mar 2025: FY to 31 Mar 2024 USD −637 thousand against USD 7.63 million, FY to 31 Mar 2025 USD 2.54 million against USD 5.12 million.
Sources and calculation

Operating cash flow below profit, two years running

Operating cash flow less profit, FY to 31 Mar 2025 = 2535457 − 5123057 = USD -2,587,600 (exact)

Operating cash flow less profit, FY to 31 Mar 2024 = -637265 − 7629503 = USD -8,266,768 (exact)
Africa Bitcoin Corporation South Africa BAN · NSX FY to 28 Feb 2026FY to 28 Feb 2025 Operating cash flow less profit, FY to 28 Feb 2026: ZAR -42,884,444Operating cash flow less profit, FY to 28 Feb 2025: ZAR -74,195,614Reports in ZAR Operating cash flow was below profit for the year in FY to 28 Feb 2025 and FY to 28 Feb 2026: FY to 28 Feb 2025 ZAR −26.3 million against ZAR 47.9 million, FY to 28 Feb 2026 ZAR −26.0 million against ZAR 16.9 million.
Sources and calculation

Operating cash flow below profit, two years running

Operating cash flow less profit, FY to 28 Feb 2026 = -26010992 − 16873452 = ZAR -42,884,444 (exact)

Operating cash flow less profit, FY to 28 Feb 2025 = -26251401 − 47944213 = ZAR -74,195,614 (exact)
Africa Eats Mauritius SEM FY2025 ended 31 Dec 2025FY2024 ended 31 Dec 2024 Operating cash flow less profit, FY2025: USD -4,665,008Operating cash flow less profit, FY2024: USD -7,905,292Reports in USD Operating cash flow was below profit for the year in FY2024 and FY2025: FY2024 USD −890 thousand against USD 7.02 million, FY2025 USD −843 thousand against USD 3.82 million.
Sources and calculation

Operating cash flow below profit, two years running

Operating cash flow less profit, FY2025 = -842696 − 3822312 = USD -4,665,008 (exact)

Operating cash flow less profit, FY2024 = -889974 − 7015318 = USD -7,905,292 (exact)
Alteo Mauritius SEM FY to 30 Jun 2026FY to 30 Jun 2025 Operating cash flow less profit, FY to 30 Jun 2026: MUR -370,836,000Operating cash flow less profit, FY to 30 Jun 2025: MUR -352,700,000Reports in MUR Operating cash flow was below profit for the year in FY to 30 Jun 2025 and FY to 30 Jun 2026: FY to 30 Jun 2025 MUR 361 million against MUR 713 million, FY to 30 Jun 2026 MUR 539 million against MUR 910 million.
Sources and calculation

Operating cash flow below profit, two years running

Operating cash flow less profit, FY to 30 Jun 2026 = 538804000 − 909640000 = MUR -370,836,000 (exact)

Operating cash flow less profit, FY to 30 Jun 2025 = 360612000 − 713312000 = MUR -352,700,000 (exact)
Araxi South Africa AXX · A2X FY to 31 Mar 2026FY to 31 Mar 2025 Operating cash flow less profit, FY to 31 Mar 2026: ZAR -117,809,000Operating cash flow less profit, FY to 31 Mar 2025: ZAR -162,097,000Reports in ZAR Operating cash flow was below profit for the year in FY to 31 Mar 2025 and FY to 31 Mar 2026: FY to 31 Mar 2025 ZAR 44.8 million against ZAR 207 million, FY to 31 Mar 2026 ZAR 47.5 million against ZAR 165 million.
Sources and calculation

Operating cash flow below profit, two years running

Operating cash flow less profit, FY to 31 Mar 2026 = 47490000 − 165299000 = ZAR -117,809,000 (exact)

Operating cash flow less profit, FY to 31 Mar 2025 = 44808000 − 206905000 = ZAR -162,097,000 (exact)
Ascencia Mauritius SEM FY to 30 Jun 2025FY to 30 Jun 2024 Operating cash flow less profit, FY to 30 Jun 2025: MUR -138,657,000Operating cash flow less profit, FY to 30 Jun 2024: MUR -77,930,000Reports in MUR Operating cash flow was below profit for the year in FY to 30 Jun 2024 and FY to 30 Jun 2025: FY to 30 Jun 2024 MUR 1.11 billion against MUR 1.19 billion, FY to 30 Jun 2025 MUR 1.03 billion against MUR 1.17 billion.
Sources and calculation

Operating cash flow below profit, two years running

Operating cash flow less profit, FY to 30 Jun 2025 = 1030237000 − 1168894000 = MUR -138,657,000 (exact)

Operating cash flow less profit, FY to 30 Jun 2024 = 1110566000 − 1188496000 = MUR -77,930,000 (exact)
ASTREE Tunisia AST · BVMT FY2025 ended 31 Dec 2025FY2024 ended 31 Dec 2024 Operating cash flow less profit, FY2025: TND -16,159,849Operating cash flow less profit, FY2024: TND -8,977,241Reports in TND Operating cash flow was below profit for the year in FY2024 and FY2025: FY2024 TND 20.0 million against TND 29.0 million, FY2025 TND 18.6 million against TND 34.8 million.
Sources and calculation

Operating cash flow below profit, two years running

Operating cash flow less profit, FY2025 = 18609295 − 34769144 = TND -16,159,849 (exact)

Operating cash flow less profit, FY2024 = 20008510 − 28985751 = TND -8,977,241 (exact)
Best Lease Tunisia BL · BVMT FY2025 ended 31 Dec 2025FY2024 ended 31 Dec 2024 Operating cash flow less profit, FY2025: TND -6,449,400Operating cash flow less profit, FY2024: TND -4,617,020Reports in TND Operating cash flow was below profit for the year in FY2024 and FY2025: FY2024 TND 5.64 million against TND 10.3 million, FY2025 TND 4.56 million against TND 11.0 million.
Sources and calculation

Operating cash flow below profit, two years running

  • التدفقات النقدية الصافية المخصصة لأنشطة الاستغلال, 31 Dec 2025: TND 4,560,974 — document 28ae35c0, p. 4
  • النتيجة الصافية للسنة المحاسبية, 31 Dec 2025: TND 11,010,374 — document 28ae35c0, p. 3
  • التدفقات النقدية الصافية المخصصة لأنشطة الاستغلال, 31 Dec 2024: TND 5,644,174 — document 28ae35c0, p. 4
  • النتيجة الصافية للسنة المحاسبية, 31 Dec 2024: TND 10,261,194 — document 28ae35c0, p. 3

Operating cash flow less profit, FY2025 = 4560974 − 11010374 = TND -6,449,400 (exact)

Operating cash flow less profit, FY2024 = 5644174 − 10261194 = TND -4,617,020 (exact)
BODIVA Angola BODIVA FY2024 ended 31 Dec 2024FY2023 ended 31 Dec 2023 Operating cash flow less profit, FY2024: AOA -979,532,178Operating cash flow less profit, FY2023: AOA -423,590,307Reports in AOA Operating cash flow was below profit for the year in FY2023 and FY2024: FY2023 AOA 2.66 billion against AOA 3.08 billion, FY2024 AOA 353 million against AOA 1.33 billion.
Sources and calculation

Operating cash flow below profit, two years running

Operating cash flow less profit, FY2024 = 353401535 − 1332933713 = AOA -979,532,178 (exact)

Operating cash flow less profit, FY2023 = 2656886547 − 3080476854 = AOA -423,590,307 (exact)
CA&S South Africa CA SALES · BSE FY2025 ended 31 Dec 2025FY2024 ended 31 Dec 2024 Operating cash flow less profit, FY2025: ZAR -45,691,000Operating cash flow less profit, FY2024: ZAR -97,669,000Reports in ZAR Operating cash flow was below profit for the year in FY2024 and FY2025: FY2024 ZAR 523 million against ZAR 621 million, FY2025 ZAR 669 million against ZAR 715 million.
Sources and calculation

Operating cash flow below profit, two years running

Operating cash flow less profit, FY2025 = 669155000 − 714846000 = ZAR -45,691,000 (exact)

Operating cash flow less profit, FY2024 = 523189000 − 620858000 = ZAR -97,669,000 (exact)
Cafca Zimbabwe CAFCA.ZW · ZSE FY to 30 Sep 2023FY to 30 Sep 2022 Operating cash flow less profit, FY to 30 Sep 2023: ZWL -50,133,506,967Operating cash flow less profit, FY to 30 Sep 2022: ZWL -7,292,306,168Reports in ZWL Operating cash flow was below profit for the year in FY to 30 Sep 2022 and FY to 30 Sep 2023: FY to 30 Sep 2022 ZWL 515 million against ZWL 7.81 billion, FY to 30 Sep 2023 ZWL 1.21 billion against ZWL 51.3 billion.
Sources and calculation

Operating cash flow below profit, two years running

Operating cash flow less profit, FY to 30 Sep 2023 = 1212969880 − 51346476847 = ZWL -50,133,506,967 (exact)

Operating cash flow less profit, FY to 30 Sep 2022 = 515083286 − 7807389454 = ZWL -7,292,306,168 (exact)
Camelot Ghana Ghana CMLT · GSE FY2025 ended 31 Dec 2025FY2024 ended 31 Dec 2024 Operating cash flow less profit, FY2025: GHS -2,956Operating cash flow less profit, FY2024: GHS -435,536Reports in GHS Operating cash flow was below profit for the year in FY2024 and FY2025: FY2024 GHS 2.13 million against GHS 2.56 million, FY2025 GHS 3.25 million against GHS 3.26 million.
Sources and calculation

Operating cash flow below profit, two years running

Operating cash flow less profit, FY2025 = 3253352 − 3256308 = GHS -2,956 (exact)

Operating cash flow less profit, FY2024 = 2127713 − 2563249 = GHS -435,536 (exact)
Cellcom ⚠ Qualified opinion Tunisia CELL · BVMT FY2025 ended 31 Dec 2025FY2024 ended 31 Dec 2024 Operating cash flow less profit, FY2025: TND -3,675,185Operating cash flow less profit, FY2024: TND -1,201,917Reports in TND Operating cash flow was below profit for the year in FY2024 and FY2025: FY2024 TND −708 thousand against TND 494 thousand, FY2025 TND −3.39 million against TND 290 thousand.
Sources and calculation

Operating cash flow below profit, two years running

Operating cash flow less profit, FY2025 = -3385089 − 290096 = TND -3,675,185 (exact)

Operating cash flow less profit, FY2024 = -707645 − 494272 = TND -1,201,917 (exact)
Consolidated HallmarkInsurers Nigeria CONHALLPLC · NGX FY2025 ended 31 Dec 2025FY2024 ended 31 Dec 2024 Operating cash flow less profit, FY2025: NGN -3,718,328,734Operating cash flow less profit, FY2024: NGN -16,241,776,450Reports in NGN Operating cash flow was below profit for the year in FY2024 and FY2025: FY2024 NGN 6.38 billion against NGN 22.6 billion, FY2025 NGN 4.73 billion against NGN 8.44 billion.
Sources and calculation

Operating cash flow below profit, two years running

Operating cash flow less profit, FY2025 = 4725178557 − 8443507291 = NGN -3,718,328,734 (exact)

Operating cash flow less profit, FY2024 = 6383706540 − 22625482990 = NGN -16,241,776,450 (exact)
Cornerstone InsuranceInsurers Nigeria CORNERST · NGX FY2025 ended 31 Dec 2025FY2024 ended 31 Dec 2024 Operating cash flow less profit, FY2025: NGN -4,103,972,000Operating cash flow less profit, FY2024: NGN -24,492,474,000Reports in NGN Operating cash flow was below profit for the year in FY2024 and FY2025: FY2024 NGN 1.40 billion against NGN 25.9 billion, FY2025 NGN 7.65 billion against NGN 11.8 billion.
Sources and calculation

Operating cash flow below profit, two years running

Operating cash flow less profit, FY2025 = 7652715000 − 11756687000 = NGN -4,103,972,000 (exact)

Operating cash flow less profit, FY2024 = 1401030000 − 25893504000 = NGN -24,492,474,000 (exact)
Dannex Ayrton Starwin Ghana DASPHARMA · GSE FY2025 ended 31 Dec 2025FY2024 ended 31 Dec 2024 Operating cash flow less profit, FY2025: GHS -9,961,320Operating cash flow less profit, FY2024: GHS -397,813Reports in GHS Operating cash flow was below profit for the year in FY2024 and FY2025: FY2024 GHS 10.0 million against GHS 10.4 million, FY2025 GHS 4.69 million against GHS 14.7 million.
Sources and calculation

Operating cash flow below profit, two years running

Operating cash flow less profit, FY2025 = 4693301 − 14654621 = GHS -9,961,320 (exact)

Operating cash flow less profit, FY2024 = 10009598 − 10407411 = GHS -397,813 (exact)
Deep Yellow Australia DYL · NSX FY to 30 Jun 2026FY to 30 Jun 2025 Operating cash flow less profit, FY to 30 Jun 2026: AUD -17,354,891Operating cash flow less profit, FY to 30 Jun 2025: AUD -2,553,561Reports in AUD Operating cash flow was below profit for the year in FY to 30 Jun 2025 and FY to 30 Jun 2026: FY to 30 Jun 2025 AUD 4.60 million against AUD 7.16 million, FY to 30 Jun 2026 AUD −4.02 million against AUD 13.3 million.
Sources and calculation

Operating cash flow below profit, two years running

Operating cash flow less profit, FY to 30 Jun 2026 = -4022441 − 13332450 = AUD -17,354,891 (exact)

Operating cash flow less profit, FY to 30 Jun 2025 = 4603799 − 7157360 = AUD -2,553,561 (exact)
Eagle REIT Zimbabwe EAGLE.VX · VFEX FY2025 ended 31 Dec 2025FY2024 ended 31 Dec 2024 Operating cash flow less profit, FY2025: USD -6,174,681Operating cash flow less profit, FY2024: USD -5,865,472Reports in USD Operating cash flow was below profit for the year in FY2024 and FY2025: FY2024 USD −122 thousand against USD 5.74 million, FY2025 USD −3.24 million against USD 2.93 million.
Sources and calculation

Operating cash flow below profit, two years running

Operating cash flow less profit, FY2025 = -3243869 − 2930812 = USD -6,174,681 (exact)

Operating cash flow less profit, FY2024 = -121791 − 5743681 = USD -5,865,472 (exact)
EAPC Kenya PORT · NSE FY to 30 Jun 2025FY to 30 Jun 2024 Operating cash flow less profit, FY to 30 Jun 2025: KES -5,283,436,000Operating cash flow less profit, FY to 30 Jun 2024: KES -4,123,503,000Reports in KES Operating cash flow was below profit for the year in FY to 30 Jun 2024 and FY to 30 Jun 2025: FY to 30 Jun 2024 KES −2.97 billion against KES 1.16 billion, FY to 30 Jun 2025 KES 242 million against KES 5.53 billion.
Sources and calculation

Operating cash flow below profit, two years running

Operating cash flow less profit, FY to 30 Jun 2025 = 241874000 − 5525310000 = KES -5,283,436,000 (exact)

Operating cash flow less profit, FY to 30 Jun 2024 = -2966949000 − 1156554000 = KES -4,123,503,000 (exact)
Emira South Africa EMI · A2X FY to 31 Mar 2026FY to 31 Mar 2025 Operating cash flow less profit, FY to 31 Mar 2026: ZAR -1,188,298,000Operating cash flow less profit, FY to 31 Mar 2025: ZAR -2,775,996,000Reports in ZAR Operating cash flow was below profit for the year in FY to 31 Mar 2025 and FY to 31 Mar 2026: FY to 31 Mar 2025 ZAR −402 million against ZAR 2.37 billion, FY to 31 Mar 2026 ZAR −462 million against ZAR 727 million.
Sources and calculation

Operating cash flow below profit, two years running

Operating cash flow less profit, FY to 31 Mar 2026 = -461610000 − 726688000 = ZAR -1,188,298,000 (exact)

Operating cash flow less profit, FY to 31 Mar 2025 = -402304000 − 2373692000 = ZAR -2,775,996,000 (exact)
Equites South Africa EQU · A2X FY to 28 Feb 2026FY to 28 Feb 2025 Operating cash flow less profit, FY to 28 Feb 2026: ZAR -2,424,890,000Operating cash flow less profit, FY to 28 Feb 2025: ZAR -1,718,163,000Reports in ZAR Operating cash flow was below profit for the year in FY to 28 Feb 2025 and FY to 28 Feb 2026: FY to 28 Feb 2025 ZAR −300 million against ZAR 1.42 billion, FY to 28 Feb 2026 ZAR −265 million against ZAR 2.16 billion.
Sources and calculation

Operating cash flow below profit, two years running

Operating cash flow less profit, FY to 28 Feb 2026 = -265227000 − 2159663000 = ZAR -2,424,890,000 (exact)

Operating cash flow less profit, FY to 28 Feb 2025 = -300377000 − 1417786000 = ZAR -1,718,163,000 (exact)
Eunisell Interlinked Nigeria EUNISELL · NGX FY to 30 Jun 2026FY to 30 Jun 2025 Operating cash flow less profit, FY to 30 Jun 2026: NGN -235,757,000Operating cash flow less profit, FY to 30 Jun 2025: NGN -57,269,000Reports in NGN Operating cash flow was below profit for the year in FY to 30 Jun 2025 and FY to 30 Jun 2026: FY to 30 Jun 2025 NGN 133 million against NGN 190 million, FY to 30 Jun 2026 NGN 13.7 million against NGN 249 million.
Sources and calculation

Operating cash flow below profit, two years running

Operating cash flow less profit, FY to 30 Jun 2026 = 13695000 − 249452000 = NGN -235,757,000 (exact)

Operating cash flow less profit, FY to 30 Jun 2025 = 133213000 − 190482000 = NGN -57,269,000 (exact)
Exxaro South Africa EXX · A2X FY2025 ended 31 Dec 2025FY2024 ended 31 Dec 2024 Operating cash flow less profit, FY2025: ZAR -1,480,000,000Operating cash flow less profit, FY2024: ZAR -1,645,000,000Reports in ZAR Operating cash flow was below profit for the year in FY2024 and FY2025: FY2024 ZAR 8.43 billion against ZAR 10.1 billion, FY2025 ZAR 8.38 billion against ZAR 9.86 billion.
Sources and calculation

Operating cash flow below profit, two years running

Operating cash flow less profit, FY2025 = 8380000000 − 9860000000 = ZAR -1,480,000,000 (exact)

Operating cash flow less profit, FY2024 = 8425000000 − 10070000000 = ZAR -1,645,000,000 (exact)
Fairvest South Africa FTA · A2XFTB · A2X FY to 30 Sep 2024FY to 30 Sep 2023 Operating cash flow less profit, FY to 30 Sep 2024: ZAR -869,679,000Operating cash flow less profit, FY to 30 Sep 2023: ZAR -74,585,000Reports in ZAR Operating cash flow was below profit for the year in FY to 30 Sep 2023 and FY to 30 Sep 2024: FY to 30 Sep 2023 ZAR 53.2 million against ZAR 128 million, FY to 30 Sep 2024 ZAR 62.1 million against ZAR 932 million.
Sources and calculation

Operating cash flow below profit, two years running

Operating cash flow less profit, FY to 30 Sep 2024 = 62086000 − 931765000 = ZAR -869,679,000 (exact)

Operating cash flow less profit, FY to 30 Sep 2023 = 53207000 − 127792000 = ZAR -74,585,000 (exact)
Famous Brands South Africa FBR · A2X FY to 29 Feb 2024FY to 28 Feb 2023 Operating cash flow less profit, FY to 29 Feb 2024: ZAR -139,990,000Operating cash flow less profit, FY to 28 Feb 2023: ZAR -233,055,000Reports in ZAR Operating cash flow was below profit for the year in FY to 28 Feb 2023 and FY to 29 Feb 2024: FY to 28 Feb 2023 ZAR 322 million against ZAR 555 million, FY to 29 Feb 2024 ZAR 344 million against ZAR 484 million.
Sources and calculation

Operating cash flow below profit, two years running

Operating cash flow less profit, FY to 29 Feb 2024 = 343715000 − 483705000 = ZAR -139,990,000 (exact)

Operating cash flow less profit, FY to 28 Feb 2023 = 322204000 − 555259000 = ZAR -233,055,000 (exact)
Filtisac Côte d'Ivoire FTSC · BRVM FY2025 ended 31 Dec 2025FY2024 ended 31 Dec 2024 Operating cash flow less profit, FY2025: XOF -2,292,152,000Operating cash flow less profit, FY2024: XOF -14,230,338,000Reports in XOF Operating cash flow was below profit for the year in FY2024 and FY2025: FY2024 XOF 4.36 billion against XOF 18.6 billion, FY2025 XOF −1.83 billion against XOF 466 million.
Sources and calculation

Operating cash flow below profit, two years running

Operating cash flow less profit, FY2025 = -1826171000 − 465981000 = XOF -2,292,152,000 (exact)

Operating cash flow less profit, FY2024 = 4364937000 − 18595275000 = XOF -14,230,338,000 (exact)
Geregu Power Nigeria GEREGU · NGX FY2025 ended 31 Dec 2025FY2024 ended 31 Dec 2024 Operating cash flow less profit, FY2025: NGN -7,647,122,000Operating cash flow less profit, FY2024: NGN -914,465,000Reports in NGN Operating cash flow was below profit for the year in FY2024 and FY2025: FY2024 NGN 26.5 billion against NGN 27.4 billion, FY2025 NGN 19.6 billion against NGN 27.3 billion.
Sources and calculation

Operating cash flow below profit, two years running

Operating cash flow less profit, FY2025 = 19603381000 − 27250503000 = NGN -7,647,122,000 (exact)

Operating cash flow less profit, FY2024 = 26510604000 − 27425069000 = NGN -914,465,000 (exact)
Haldane McCall Nigeria HMCALL · NGX FY2025 ended 31 Dec 2025FY2024 ended 31 Dec 2024 Operating cash flow less profit, FY2025: NGN -333,124,000Operating cash flow less profit, FY2024: NGN -3,347,343,000Reports in NGN Operating cash flow was below profit for the year in FY2024 and FY2025: FY2024 NGN −2.67 billion against NGN 680 million, FY2025 NGN 309 million against NGN 642 million.
Sources and calculation

Operating cash flow below profit, two years running

Operating cash flow less profit, FY2025 = 309337000 − 642461000 = NGN -333,124,000 (exact)

Operating cash flow less profit, FY2024 = -2667718000 − 679625000 = NGN -3,347,343,000 (exact)
Hyprop South Africa HYP · A2X FY to 30 Jun 2026FY to 30 Jun 2025 Operating cash flow less profit, FY to 30 Jun 2026: ZAR -2,944,806,000Operating cash flow less profit, FY to 30 Jun 2025: ZAR -1,949,724,000Reports in ZAR Operating cash flow was below profit for the year in FY to 30 Jun 2025 and FY to 30 Jun 2026: FY to 30 Jun 2025 ZAR 177 million against ZAR 2.13 billion, FY to 30 Jun 2026 ZAR 694 million against ZAR 3.64 billion.
Sources and calculation

Operating cash flow below profit, two years running

Operating cash flow less profit, FY to 30 Jun 2026 = 693557000 − 3638363000 = ZAR -2,944,806,000 (exact)

Operating cash flow less profit, FY to 30 Jun 2025 = 177343000 − 2127067000 = ZAR -1,949,724,000 (exact)
ICF Tunisia ICF · BVMT FY2025 ended 31 Dec 2025FY2024 ended 31 Dec 2024 Operating cash flow less profit, FY2025: TND -19,030,180Operating cash flow less profit, FY2024: TND -3,123,497Reports in TND Operating cash flow was below profit for the year in FY2024 and FY2025: FY2024 TND 18.3 million against TND 21.5 million, FY2025 TND −7.06 million against TND 12.0 million.
Sources and calculation

Operating cash flow below profit, two years running

Operating cash flow less profit, FY2025 = -7058764 − 11971416 = TND -19,030,180 (exact)

Operating cash flow less profit, FY2024 = 18329973 − 21453470 = TND -3,123,497 (exact)
ICON Properties Malawi ICON · MSE FY2025 ended 31 Dec 2025FY2024 ended 31 Dec 2024 Operating cash flow less profit, FY2025: MWK -31,636,518,000Operating cash flow less profit, FY2024: MWK -23,000,880,000Reports in MWK Operating cash flow was below profit for the year in FY2024 and FY2025: FY2024 MWK 1.42 billion against MWK 24.4 billion, FY2025 MWK 1.01 billion against MWK 32.6 billion.
Sources and calculation

Operating cash flow below profit, two years running

Operating cash flow less profit, FY2025 = 1007929000 − 32644447000 = MWK -31,636,518,000 (exact)

Operating cash flow less profit, FY2024 = 1423612000 − 24424492000 = MWK -23,000,880,000 (exact)
International Energy InsuranceInsurers ⚠ Going-concern note Nigeria INTENEGINS · NGX FY2025 ended 31 Dec 2025FY2024 ended 31 Dec 2024 Operating cash flow less profit, FY2025: NGN -3,284,900,000Operating cash flow less profit, FY2024: NGN -3,534,278,000Reports in NGN Operating cash flow was below profit for the year in FY2024 and FY2025: FY2024 NGN −580 million against NGN 2.95 billion, FY2025 NGN −2.42 billion against NGN 869 million.
Sources and calculation

Operating cash flow below profit, two years running

Operating cash flow less profit, FY2025 = -2416233000 − 868667000 = NGN -3,284,900,000 (exact)

Operating cash flow less profit, FY2024 = -579920000 − 2954358000 = NGN -3,534,278,000 (exact)
John Holt Nigeria JOHNHOLT · NGX FY to 30 Sep 2025FY to 30 Sep 2024 Operating cash flow less profit, FY to 30 Sep 2025: NGN -16,000,000Operating cash flow less profit, FY to 30 Sep 2024: NGN -3,062,000,000Reports in NGN Operating cash flow was below profit for the year in FY to 30 Sep 2024 and FY to 30 Sep 2025: FY to 30 Sep 2024 NGN −588 million against NGN 2.47 billion, FY to 30 Sep 2025 NGN 453 million against NGN 469 million.
Sources and calculation

Operating cash flow below profit, two years running

Operating cash flow less profit, FY to 30 Sep 2025 = 453000000 − 469000000 = NGN -16,000,000 (exact)

Operating cash flow less profit, FY to 30 Sep 2024 = -588000000 − 2474000000 = NGN -3,062,000,000 (exact)
Kenya ReInsurers Kenya KNRE · NSE FY2025 ended 31 Dec 2025FY2024 ended 31 Dec 2024 Operating cash flow less profit, FY2025: KES -3,047,659,000Operating cash flow less profit, FY2024: KES -11,795,000Reports in KES Operating cash flow was below profit for the year in FY2024 and FY2025: FY2024 KES 4.43 billion against KES 4.44 billion, FY2025 KES 876 million against KES 3.92 billion.
Sources and calculation

Operating cash flow below profit, two years running

Operating cash flow less profit, FY2025 = 875934000 − 3923593000 = KES -3,047,659,000 (exact)

Operating cash flow less profit, FY2024 = 4425357000 − 4437152000 = KES -11,795,000 (exact)
Lasaco AssuranceInsurers Nigeria LASACO · NGX FY2025 ended 31 Dec 2025FY2024 ended 31 Dec 2024 Operating cash flow less profit, FY2025: NGN -6,794,675,000Operating cash flow less profit, FY2024: NGN -3,784,700,000Reports in NGN Operating cash flow was below profit for the year in FY2024 and FY2025: FY2024 NGN −1.97 billion against NGN 1.82 billion, FY2025 NGN −9.64 billion against NGN −2.85 billion.
Sources and calculation

Operating cash flow below profit, two years running

Operating cash flow less profit, FY2025 = -9644392000 − -2849717000 = NGN -6,794,675,000 (exact)

Operating cash flow less profit, FY2024 = -1965636000 − 1819064000 = NGN -3,784,700,000 (exact)
Liberty Kenya HoldingsInsurers Kenya LBTY · NSE FY2025 ended 31 Dec 2025FY2024 ended 31 Dec 2024 Operating cash flow less profit, FY2025: KES -791,000,000Operating cash flow less profit, FY2024: KES -3,197,000,000Reports in KES Operating cash flow was below profit for the year in FY2024 and FY2025: FY2024 KES −1.80 billion against KES 1.40 billion, FY2025 KES −304 million against KES 487 million.
Sources and calculation

Operating cash flow below profit, two years running

Operating cash flow less profit, FY2025 = -304000000 − 487000000 = KES -791,000,000 (exact)

Operating cash flow less profit, FY2024 = -1795000000 − 1402000000 = KES -3,197,000,000 (exact)
Lighthouse Properties Malta LTE · A2X FY2025 ended 31 Dec 2025FY2024 ended 31 Dec 2024 Operating cash flow less profit, FY2025: EUR -85,769,454Operating cash flow less profit, FY2024: EUR -25,822,695Reports in EUR Operating cash flow was below profit for the year in FY2024 and FY2025: FY2024 EUR 20.5 million against EUR 46.3 million, FY2025 EUR 6.73 million against EUR 92.5 million.
Sources and calculation

Operating cash flow below profit, two years running

Operating cash flow less profit, FY2025 = 6725684 − 92495138 = EUR -85,769,454 (exact)

Operating cash flow less profit, FY2024 = 20482640 − 46305335 = EUR -25,822,695 (exact)
Linkage Assurance Nigeria LINKASSURE · NGX FY2025 ended 31 Dec 2025FY2024 ended 31 Dec 2024 Operating cash flow less profit, FY2025: NGN -5,667,830,000Operating cash flow less profit, FY2024: NGN -7,231,108,000Reports in NGN Operating cash flow was below profit for the year in FY2024 and FY2025: FY2024 NGN −1.68 billion against NGN 5.55 billion, FY2025 NGN −2.54 billion against NGN 3.13 billion.
Sources and calculation

Operating cash flow below profit, two years running

Operating cash flow less profit, FY2025 = -2541719000 − 3126111000 = NGN -5,667,830,000 (exact)

Operating cash flow less profit, FY2024 = -1679477000 − 5551631000 = NGN -7,231,108,000 (exact)
Masimba Zimbabwe MSHL.ZW · ZSE FY2025 ended 31 Dec 2025FY2024 ended 31 Dec 2024 Operating cash flow less profit, FY2025: USD -1,586,510Operating cash flow less profit, FY2024: USD -3,446,719Reports in USD Operating cash flow was below profit for the year in FY2024 and FY2025: FY2024 USD 2.95 million against USD 6.40 million, FY2025 USD 4.96 million against USD 6.55 million.
Sources and calculation

Operating cash flow below profit, two years running

Operating cash flow less profit, FY2025 = 4961921 − 6548431 = USD -1,586,510 (exact)

Operating cash flow less profit, FY2024 = 2948951 − 6395670 = USD -3,446,719 (exact)
MDIT Mauritius SEM FY to 30 Jun 2026FY to 30 Jun 2025 Operating cash flow less profit, FY to 30 Jun 2026: MUR -346,612,000Operating cash flow less profit, FY to 30 Jun 2025: MUR -221,455,000Reports in MUR Operating cash flow was below profit for the year in FY to 30 Jun 2025 and FY to 30 Jun 2026: FY to 30 Jun 2025 MUR 27.5 million against MUR 249 million, FY to 30 Jun 2026 MUR −288 million against MUR 58.7 million.
Sources and calculation

Operating cash flow below profit, two years running

Operating cash flow less profit, FY to 30 Jun 2026 = -287944000 − 58668000 = MUR -346,612,000 (exact)

Operating cash flow less profit, FY to 30 Jun 2025 = 27493000 − 248948000 = MUR -221,455,000 (exact)
Meikles Zimbabwe MEIK.ZW · ZSE FY to 28 Feb 2025FY to 29 Feb 2024 Operating cash flow less profit, FY to 28 Feb 2025: ZWG -53,395,000Operating cash flow less profit, FY to 29 Feb 2024: ZWG -1,820,111,000Reports in ZWG Operating cash flow was below profit for the year in FY to 29 Feb 2024 and FY to 28 Feb 2025: FY to 29 Feb 2024 ZWG −1.39 billion against ZWG 429 million, FY to 28 Feb 2025 ZWG −305 million against ZWG −252 million.
Sources and calculation

Operating cash flow below profit, two years running

Operating cash flow less profit, FY to 28 Feb 2025 = -305057000 − -251662000 = ZWG -53,395,000 (exact)

Operating cash flow less profit, FY to 29 Feb 2024 = -1390903000 − 429208000 = ZWG -1,820,111,000 (exact)
Meyer Nigeria MEYER · NGX FY2025 ended 31 Dec 2025FY2024 ended 31 Dec 2024 Operating cash flow less profit, FY2025: NGN -34,592,000Operating cash flow less profit, FY2024: NGN -264,747,000Reports in NGN Operating cash flow was below profit for the year in FY2024 and FY2025: FY2024 NGN 30.7 million against NGN 295 million, FY2025 NGN 426 million against NGN 461 million.
Sources and calculation

Operating cash flow below profit, two years running

Operating cash flow less profit, FY2025 = 426440000 − 461032000 = NGN -34,592,000 (exact)

Operating cash flow less profit, FY2024 = 30655000 − 295402000 = NGN -264,747,000 (exact)
MPBS Tunisia MPBS · BVMT FY2025 ended 31 Dec 2025FY2024 ended 31 Dec 2024 Operating cash flow less profit, FY2025: TND -4,578,572.808Operating cash flow less profit, FY2024: TND -11,192,477.928Reports in TND Operating cash flow was below profit for the year in FY2024 and FY2025: FY2024 TND −2.83 million against TND 8.36 million, FY2025 TND 3.44 million against TND 8.02 million.
Sources and calculation

Operating cash flow below profit, two years running

Operating cash flow less profit, FY2025 = 3439188.287 − 8017761.095 = TND -4,578,572.808 (exact)

Operating cash flow less profit, FY2024 = -2832728.622 − 8359749.306 = TND -11,192,477.928 (exact)
MPICO Malawi MPICO · MSE FY2025 ended 31 Dec 2025FY2024 ended 31 Dec 2024 Operating cash flow less profit, FY2025: MWK -18,276,636,000Operating cash flow less profit, FY2024: MWK -6,001,142,000Reports in MWK Operating cash flow was below profit for the year in FY2024 and FY2025: FY2024 MWK 6.18 billion against MWK 12.2 billion, FY2025 MWK 1.04 billion against MWK 19.3 billion.
Sources and calculation

Operating cash flow below profit, two years running

Operating cash flow less profit, FY2025 = 1041460000 − 19318096000 = MWK -18,276,636,000 (exact)

Operating cash flow less profit, FY2024 = 6183476000 − 12184618000 = MWK -6,001,142,000 (exact)
Mutual Benefits AssuranceInsurers Nigeria MBENEFIT · NGX FY2025 ended 31 Dec 2025FY2024 ended 31 Dec 2024 Operating cash flow less profit, FY2025: NGN -9,480,457,000Operating cash flow less profit, FY2024: NGN -1,629,158,000Reports in NGN Operating cash flow was below profit for the year in FY2024 and FY2025: FY2024 NGN 9.69 billion against NGN 11.3 billion, FY2025 NGN 6.93 billion against NGN 16.4 billion.
Sources and calculation

Operating cash flow below profit, two years running

Operating cash flow less profit, FY2025 = 6934994000 − 16415451000 = NGN -9,480,457,000 (exact)

Operating cash flow less profit, FY2024 = 9688735000 − 11317893000 = NGN -1,629,158,000 (exact)
Naspers South Africa NPNn · A2X FY to 31 Mar 2026FY to 31 Mar 2025 Operating cash flow less profit, FY to 31 Mar 2026: USD -9,946,000,000Operating cash flow less profit, FY to 31 Mar 2025: USD -10,350,000,000Reports in USD Operating cash flow was below profit for the year in FY to 31 Mar 2025 and FY to 31 Mar 2026: FY to 31 Mar 2025 USD 1.91 billion against USD 12.3 billion, FY to 31 Mar 2026 USD 1.63 billion against USD 11.6 billion.
Sources and calculation

Operating cash flow below profit, two years running

Operating cash flow less profit, FY to 31 Mar 2026 = 1627000000 − 11573000000 = USD -9,946,000,000 (exact)

Operating cash flow less profit, FY to 31 Mar 2025 = 1905000000 − 12255000000 = USD -10,350,000,000 (exact)
Nation Media Group Kenya NMG · NSENMG · USENMG · RSENMG · DSE FY2025 ended 31 Dec 2025FY2024 ended 31 Dec 2024 Operating cash flow less profit, FY2025: KES -156,400,000Operating cash flow less profit, FY2024: KES -253,100,000Reports in KES Operating cash flow was below profit for the year in FY2024 and FY2025: FY2024 KES −508 million against KES −254 million, FY2025 KES −465 million against KES −309 million.
Sources and calculation

Operating cash flow below profit, two years running

Operating cash flow less profit, FY2025 = -465000000 − -308600000 = KES -156,400,000 (exact)

Operating cash flow less profit, FY2024 = -507500000 − -254400000 = KES -253,100,000 (exact)
National Investment Trust Malawi NITL · MSE FY2024 ended 31 Dec 2024FY2023 ended 31 Dec 2023 Operating cash flow less profit, FY2024: MWK -28,501,154,000Operating cash flow less profit, FY2023: MWK -20,450,191,000Reports in MWK Operating cash flow was below profit for the year in FY2023 and FY2024: FY2023 MWK 1.05 billion against MWK 21.5 billion, FY2024 MWK 1.26 billion against MWK 29.8 billion.
Sources and calculation

Operating cash flow below profit, two years running

Operating cash flow less profit, FY2024 = 1258330000 − 29759484000 = MWK -28,501,154,000 (exact)

Operating cash flow less profit, FY2023 = 1054362000 − 21504553000 = MWK -20,450,191,000 (exact)
NEPI Rockcastle Netherlands NRP · A2X FY2025 ended 31 Dec 2025FY2024 ended 31 Dec 2024 Operating cash flow less profit, FY2025: EUR -45,290,000Operating cash flow less profit, FY2024: EUR -158,444,000Reports in EUR Operating cash flow was below profit for the year in FY2024 and FY2025: FY2024 EUR 429 million against EUR 588 million, FY2025 EUR 454 million against EUR 499 million.
Sources and calculation

Operating cash flow below profit, two years running

Operating cash flow less profit, FY2025 = 453549000 − 498839000 = EUR -45,290,000 (exact)

Operating cash flow less profit, FY2024 = 429121000 − 587565000 = EUR -158,444,000 (exact)
New African Properties Botswana NAP · BSE FY to 31 Jul 2025FY to 31 Jul 2024 Operating cash flow less profit, FY to 31 Jul 2025: BWP -200,972,000Operating cash flow less profit, FY to 31 Jul 2024: BWP -200,783,000Reports in BWP Operating cash flow was below profit for the year in FY to 31 Jul 2024 and FY to 31 Jul 2025: FY to 31 Jul 2024 BWP 3.89 million against BWP 205 million, FY to 31 Jul 2025 BWP 3.18 million against BWP 204 million.
Sources and calculation

Operating cash flow below profit, two years running

Operating cash flow less profit, FY to 31 Jul 2025 = 3184000 − 204156000 = BWP -200,972,000 (exact)

Operating cash flow less profit, FY to 31 Jul 2024 = 3886000 − 204669000 = BWP -200,783,000 (exact)
182 companies could not be assessed for this criterion

These companies are not counted as matches or non-matches. A company is here when a figure or year needed for at least one selected criterion is not published or the criterion does not apply to its type of accounts.