Al-Mazaya Holding Company - K.S.C. (Public) (DFM:MAZAYA)

DFM:MAZAYA Cash Flow Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	0.84	1.22	-26.51	-12.99	0.47	-8.48
Depreciation & Amortization	0.04	0.05	0.34	0.31	0.15	0.16
Other Amortization	1.5	1.58	1.48	0.99	0.6	0.66
Gain (Loss) on Sale of Assets	-0.28	-2.07	17.5	-0.2	-0.04	-
Gain (Loss) on Sale of Investments	-0.02	-0.13	0.03	0.08	0.04	-0.17
Asset Writedown	-0.14	-0.15	5.99	12.18	1.58	4.08
Stock-Based Compensation	-	-	-	-	-	0.02
Income (Loss) on Equity Investments	0.23	0.27	-0	-0.03	-	0.47
Change in Accounts Receivable	-0.37	-0.46	0.78	5.77	3.01	2.01
Change in Accounts Payable	-0.35	0.77	-0.24	-1.72	-1.62	-2.14
Change in Other Net Operating Assets	0.93	-0.66	0.88	0.52	-0.41	-0.19
Other Operating Activities	3.09	4.47	29.43	6.28	4.7	6.12
Net Cash from Discontinued Operations	-	-	-22.59	-1.92	0.36	-0.21
Operating Cash Flow	6.21	6.5	7.75	11.53	7.58	10.2
Operating Cash Flow Growth	10.38%	-16.15%	-32.77%	52.03%	-25.70%	216.84%
Acquisition of Real Estate Assets	-0.29	-0.23	-0.99	-1.18	-0.84	-0.6
Sale of Real Estate Assets	4.07	13.65	32.16	1.88	1.01	-
Net Sale / Acq. of Real Estate Assets	3.78	13.42	31.17	0.71	0.17	-0.6
Cash Acquisition	-	-	-	-	-0.02	-
Investment in Marketable & Equity Securities	-0.08	-1.54	0.23	-	-	0.31
Other Investing Activities	2.17	5.66	-6.19	0.14	0.01	2.44
Investing Cash Flow	5.88	17.54	29.23	1.46	0.72	2.15
Long-Term Debt Issued	-	-	-	-	-	0.79
Long-Term Debt Repaid	-	-15.38	-32.97	-8.72	-3.3	-7.92
Net Debt Issued (Repaid)	-11.24	-15.38	-32.97	-8.72	-3.3	-7.13
Repurchase of Common Stock	-1.06	-1.74	-1.66	-	-	-
Common Dividends Paid	-0.03	-0.03	-0.01	-0	-0	-0.01
Other Financing Activities	-3.35	-4.11	-5.42	-4.15	-4.73	-3.91
Foreign Exchange Rate Adjustments	-0.09	-0.39	-0.28	-0.41	-0.49	-1.9
Miscellaneous Cash Flow Adjustments	-	-0.14	0.64	-0.34	0.24	-
Net Cash Flow	-3.67	2.26	-2.72	-0.64	0.02	-0.59
Cash Interest Paid	4.11	4.11	5.42	4.15	4.73	3.91
Levered Free Cash Flow	3.83	-0.42	9.82	15.46	-12.07	13.34
Unlevered Free Cash Flow	5.22	1.34	13.05	18.01	-9.73	16.19
Change in Working Capital	0.4	0.42	1.79	6.52	1.49	5.73

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.