KWSE:ARZAN Cash Flow Statement

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

Millions KWD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	16.47	23.24	14.1	7.03	8.15	7.43
Depreciation & Amortization	0.23	0.22	0.22	0.21	0.23	0.25
Other Amortization	-	-	-	-	0.01	0.03
Loss (Gain) From Sale of Investments	-	-	-	-	-	-0.02
Asset Writedown & Restructuring Costs	0.01	0.01	-0.03	-0.18	0.41	0.23
Provision for Credit Losses	0.88	0.97	1.38	0.4	-0.45	-2.11
Loss (Gain) on Equity Investments	-19.87	-23.69	-3.99	-1.54	-2.52	-2.24
Stock-Based Compensation	0.09	0.09	0.08	0.07	0.05	0.03
Change in Accounts Payable	4.89	1.43	-0.66	4.38	-1.47	0.49
Change in Trading Asset Securities	-0.07	-2.52	-19.17	-0.05	-4.46	-5.84
Change in Other Net Operating Assets	-5.91	-7.16	-2.53	0.31	3.49	-1.03
Other Operating Activities	-0.57	-0.91	-2	-4.97	-0.58	1.3
Operating Cash Flow	-3.91	-8.36	-12.94	4.6	2.87	-3.29
Operating Cash Flow Growth	-	-	-	60.33%	-	-
Capital Expenditures	-0.01	-0.01	-6.69	-0.11	-0.07	-0.48
Sale of Property, Plant & Equipment	5.25	3.08	0.83	0.03	0.53	-
Sale (Purchase) of Intangibles	-	-	-	-	-	-0
Investment in Securities	-18.36	-18.34	-7.48	-3.97	-12.62	1.98
Other Investing Activities	7.09	6.96	6.64	9.97	3.71	3
Investing Cash Flow	-6.28	-8.51	-7.09	6.69	-8.6	3.93
Long-Term Debt Issued	-	26.68	29.33	2.71	10.05	18.03
Total Debt Issued	22.07	26.68	29.33	2.71	10.05	18.03
Long-Term Debt Repaid	-	-1.19	-10.58	-6.46	-2.84	-18.11
Total Debt Repaid	-1.19	-1.19	-10.58	-6.46	-2.84	-18.11
Net Debt Issued (Repaid)	20.88	25.49	18.75	-3.75	7.21	-0.08
Issuance of Common Stock	0.01	0.01	4.29	-	-	-
Repurchase of Common Stock	-0.37	-0.36	-1.11	-0.52	-1.06	-0.27
Common Dividends Paid	-2.58	-2.58	-1.67	-3.19	-1.8	-
Other Financing Activities	-2.66	-3.32	-1.93	-2.11	-1.04	-0.08
Financing Cash Flow	15.29	19.23	18.33	-9.57	3.3	-0.43
Foreign Exchange Rate Adjustments	-0.16	-0.22	-1.25	-4.4	0.35	-0.03
Net Cash Flow	4.93	2.14	-2.95	-2.67	-2.07	0.17
Free Cash Flow	-3.92	-8.37	-19.63	4.5	2.8	-3.77
Free Cash Flow Growth	-	-	-	60.41%	-	-
Free Cash Flow Margin	-13.56%	-24.05%	-95.69%	54.40%	17.00%	-24.69%
Free Cash Flow Per Share	-0.00	-0.01	-0.02	0.01	0.00	-0.00
Cash Interest Paid	3.26	3.26	2	1.71	1.01	1.03

Source: S&P Global Market Intelligence. Financial Services template. Financial Sources.