Challenger Ltd (CGF) — Free Cash Flow Generation Index
Challenger Ltd (CGF) has a Free Cash Flow Generation Index of 1.00x as of December 2025. Free cash flow of AU$1.05 Billion represents 1% of operating cash flow (AU$1.05 Billion). Read CGF liabilities breakdown for a breakdown of total debt and financial obligations.
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
Challenger Ltd Free Cash Flow Generation Index (2003–2025)
Historical FCF Generation Index trend for Challenger Ltd across 19 annual periods. Explore CGF capital reinvestment ratio to see what proportion of operating cash flow is directed to capital expenditures.
Annual Free Cash Flow Generation for Challenger Ltd (2003–2025)
Year-by-year Free Cash Flow Generation Index for Challenger Ltd. For the full company profile including market capitalisation, see Challenger Ltd market cap and net worth.
| Year | FCG Index | Free Cash Flow (AUD) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2025 | 1.00x | AU$399.40 Million | AU$399.60 Million | AU$200.00K | ▲ +0.2% |
| 2024 | 1.00x | AU$841.80 Million | AU$843.70 Million | AU$1.90 Million | ▲ +0.4% |
| 2023 | 0.99x | AU$1.27 Billion | AU$1.27 Billion | AU$7.90 Million | ▼ -0.5% |
| 2022 | 1.00x | AU$2.48 Billion | AU$2.49 Billion | AU$2.90 Million | ▲ +0.4% |
| 2021 | 0.99x | AU$2.56 Billion | AU$2.58 Billion | AU$12.90 Million | ▲ +1.4% |
| 2020 | 0.98x | AU$475.60 Million | AU$484.90 Million | AU$9.30 Million | ▲ +8.0% |
| 2019 | 0.91x | AU$592.40 Million | AU$652.30 Million | AU$59.90 Million | ▼ -5.9% |
| 2018 | 0.96x | AU$1.91 Billion | AU$1.98 Billion | AU$69.90 Million | ▼ -2.4% |
| 2017 | 0.99x | AU$1.58 Billion | AU$1.60 Billion | AU$19.00 Million | ▲ +0.3% |
| 2016 | 0.99x | AU$1.26 Billion | AU$1.28 Billion | AU$19.10 Million | ▼ -0.9% |
| 2015 | 0.99x | AU$810.80 Million | AU$815.90 Million | AU$5.10 Million | ▲ +4.6% |
| 2014 | 0.95x | AU$140.00 Million | AU$147.40 Million | AU$7.40 Million | ▼ -2.9% |
| 2013 | 0.98x | AU$771.80 Million | AU$789.10 Million | AU$17.30 Million | ▲ +1.6% |
| 2012 | 0.96x | AU$1.17 Billion | AU$1.21 Billion | AU$45.80 Million | ▼ -0.8% |
| 2011 | 0.97x | AU$1.18 Billion | AU$1.22 Billion | AU$36.80 Million | ▲ +6.0% |
| 2010 | 0.92x | AU$209.70 Million | AU$229.10 Million | AU$19.40 Million | ▲ +101.5% |
| 2008 | -61.32x | AU$-10.57 Billion | AU$172.30 Million | AU$10.74 Billion | ▼ -6625.9% |
| 2005 | 0.94x | AU$229.50 Million | AU$244.24 Million | AU$14.74 Million | ▼ -6.0% |
| 2003 | 1.00x | AU$1.43 Million | AU$1.43 Million | AU$0.00 | — |