Shamal Az-Zour Al-Oula Power and Water Company KSC (Public) (KWSE:AZNOULA)

KWSE:AZNOULA Cash Flow Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	16.12	15.03	9.21	12.6	14.46	13.54
Depreciation & Amortization	0.05	0.05	0.05	0.04	0.03	0.03
Loss (Gain) on Sale of Assets	-0	-0	-0	-0.01	-0.01	0
Change in Accounts Receivable	-1.71	-5.26	3.04	-4.92	4.82	-5.59
Change in Accounts Payable	-0.73	-1.26	1.32	-0.61	-1.15	0.2
Change in Other Net Operating Assets	17.29	17.61	15.06	12.23	13.48	11.49
Other Operating Activities	18.12	18.41	22.14	22.62	19.03	19.26
Operating Cash Flow	49.14	44.58	50.82	41.96	50.81	38.93
Operating Cash Flow Growth	0.23%	-12.28%	21.12%	-17.42%	30.51%	-16.34%
Capital Expenditures	-0.03	-0.03	-0.24	-0.05	-0.17	-0.08
Sale of Property, Plant & Equipment	0	0	0	0.01	0.01	0
Investing Cash Flow	-0.03	-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)	-20.61	-21.4	-16.64	-16.65	-17.6	-16.39
Common Dividends Paid	-8.18	-8.29	-5.47	-10.49	-19.34	-23
Other Financing Activities	-17.96	-17.98	-21.57	-21.98	-18.37	-18.67
Financing Cash Flow	-46.75	-47.66	-43.69	-49.12	-55.3	-58.06
Foreign Exchange Rate Adjustments	-0.61	-1.22	0.58	0.18	-0.06	-0.03
Net Cash Flow	1.75	-4.33	7.47	-7.02	-4.71	-19.24
Free Cash Flow	49.11	44.55	50.58	41.91	50.64	38.85
Free Cash Flow Growth	0.67%	-11.92%	20.67%	-17.23%	30.35%	-16.50%
Free Cash Flow Margin	92.59%	85.42%	103.93%	79.62%	96.01%	77.47%
Free Cash Flow Per Share	0.04	0.04	0.05	0.04	0.05	0.04
Cash Interest Paid	17.98	17.98	21.57	21.98	18.37	18.67
Levered Free Cash Flow	4.34	-1.47	7.55	-2.03	13.6	2.81
Unlevered Free Cash Flow	15.16	9.56	21.06	11.71	25.05	14.42
Change in Working Capital	14.85	11.09	19.42	6.71	17.15	6.11

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