KWSE:AZNOULA Cash Flow Statement

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

Millions KWD. 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	15.03	9.21	12.6	14.46	13.54
Depreciation & Amortization	0.05	0.05	0.04	0.03	0.03
Loss (Gain) on Sale of Assets	-0	-0	-0.01	-0.01	0
Change in Accounts Receivable	-5.26	3.04	-4.92	4.82	-5.59
Change in Accounts Payable	-1.26	1.32	-0.61	-1.15	0.2
Change in Other Net Operating Assets	17.61	15.06	12.23	13.48	11.49
Other Operating Activities	18.41	22.14	22.62	19.03	19.26
Operating Cash Flow	44.58	50.82	41.96	50.81	38.93
Operating Cash Flow Growth	-12.28%	21.12%	-17.42%	30.51%	-16.34%
Capital Expenditures	-0.03	-0.24	-0.05	-0.17	-0.08
Sale of Property, Plant & Equipment	0	0	0.01	0.01	0
Investing Cash Flow	-0.03	-0.24	-0.04	-0.16	-0.08
Long-Term Debt Repaid	-21.4	-16.64	-16.65	-17.6	-16.39
Net Debt Issued (Repaid)	-21.4	-16.64	-16.65	-17.6	-16.39
Common Dividends Paid	-8.29	-5.47	-10.49	-19.34	-23
Other Financing Activities	-17.98	-21.57	-21.98	-18.37	-18.67
Financing Cash Flow	-47.66	-43.69	-49.12	-55.3	-58.06
Foreign Exchange Rate Adjustments	-1.22	0.58	0.18	-0.06	-0.03
Net Cash Flow	-4.33	7.47	-7.02	-4.71	-19.24
Free Cash Flow	44.55	50.58	41.91	50.64	38.85
Free Cash Flow Growth	-11.92%	20.67%	-17.23%	30.35%	-16.50%
Free Cash Flow Margin	85.42%	103.93%	79.62%	96.01%	77.47%
Free Cash Flow Per Share	0.04	0.05	0.04	0.05	0.04
Cash Interest Paid	17.98	21.57	21.98	18.37	18.67
Levered Free Cash Flow	-1.47	7.55	-2.03	13.6	2.81
Unlevered Free Cash Flow	9.56	21.06	11.71	25.05	14.42
Change in Working Capital	11.09	19.42	6.71	17.15	6.11

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