Aluminium Bahrain B.S.C. Cash Flow Statement

Financials in millions BHD. Fiscal year is January - December.

Millions BHD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
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
Net Income	218.69	184.54	118.03	416.17	451.87
Depreciation & Amortization	153.55	137.87	133.89	126.7	120.85
Loss (Gain) From Sale of Assets	0.88	1.59	0.66	0.75	0.36
Asset Writedown & Restructuring Costs	8.57	1.85	-	-	2.06
Loss (Gain) From Sale of Investments	-4.19	-6.1	-13.3	-12.23	-
Provision & Write-off of Bad Debts	-1.43	0.43	2.52	1.55	3.04
Other Operating Activities	34.79	34.78	62.24	16.15	24.51
Change in Accounts Receivable	7.62	-45	8.68	73.99	-202.37
Change in Inventory	18.12	-56.63	8.95	-60.12	-63.31
Change in Accounts Payable	-49.17	43.33	7.02	-41.38	-44.17
Operating Cash Flow	387.43	296.67	328.67	521.59	292.84
Operating Cash Flow Growth	30.59%	-9.74%	-36.99%	78.12%	129.40%
Capital Expenditures	-107.52	-104	-132.53	-109.18	-83.16
Sale of Property, Plant & Equipment	0.75	0.04	0.13	0.82	0.21
Investment in Securities	-0.64	-4.83	-	-	-
Other Investing Activities	7.08	3.35	3.59	0.82	0.35
Investing Cash Flow	-100.33	-105.44	-128.81	-107.54	-82.6
Long-Term Debt Issued	940.65	1,297	484.98	543.3	787.24
Long-Term Debt Repaid	-1,109	-1,362	-550.53	-808.87	-881.79
Net Debt Issued (Repaid)	-167.88	-64.44	-65.55	-265.57	-94.55
Issuance of Common Stock	4.84	10.11	8	9.6	6.47
Repurchase of Common Stock	-4.74	-9.99	-7.8	-10.15	-6.5
Common Dividends Paid	-52.56	-48.83	-140.15	-120.44	-37.61
Other Financing Activities	-27.93	-27.99	-29.74	-29.13	-29.5
Financing Cash Flow	-248.28	-141.14	-235.23	-415.69	-161.69
Foreign Exchange Rate Adjustments	0.48	-0.75	1.39	1.94	0.33
Miscellaneous Cash Flow Adjustments	-	-	-	-	-9.39
Net Cash Flow	39.31	49.34	-33.99	0.31	39.48
Free Cash Flow	279.92	192.68	196.15	412.41	209.68
Free Cash Flow Growth	45.28%	-1.77%	-52.44%	96.69%	2293.57%
Free Cash Flow Margin	15.74%	11.88%	12.71%	22.40%	13.23%
Free Cash Flow Per Share	0.20	0.14	0.14	0.29	0.15
Cash Interest Paid	33.07	34.09	43.04	31.15	26.9
Cash Income Tax Paid	0.76	0	0.84	1	0.92
Levered Free Cash Flow	148.54	88.68	97.94	269.68	3.49
Unlevered Free Cash Flow	166.81	108.46	127.17	282.47	27.18
Change in Working Capital	-23.43	-58.29	24.65	-27.5	-309.85

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.