KWSE:BOURSA Cash Flow Statement

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

Millions KWD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	26.81	18.18	15.8	18	15.89	25.81
Depreciation & Amortization	0.76	0.62	0.55	0.53	0.66	0.83
Other Amortization	0.23	0.23	0.24	0.33	0.36	-
Loss (Gain) From Sale of Assets	-0.01	-0.01	-0	-	-	-
Asset Writedown & Restructuring Costs	-	-	-	-	0	-
Loss (Gain) on Equity Investments	-	-	-	-	-	-1.28
Provision & Write-off of Bad Debts	-0	0.02	0	0.13	0.06	0.07
Other Operating Activities	6.67	4.65	3.07	4.91	-0.66	-11
Change in Accounts Receivable	-1.59	-0.34	-0.2	0.04	0.16	1.15
Change in Accounts Payable	0.53	0.98	-0.86	0.33	0.3	0.53
Operating Cash Flow	33.4	24.33	18.6	24.28	16.76	16.11
Operating Cash Flow Growth	50.82%	30.83%	-23.39%	44.83%	4.06%	123.46%
Capital Expenditures	-1.05	-1.2	-0.57	-0.42	-0.58	-0.16
Sale of Property, Plant & Equipment	0.01	0.01	0	-	-	-
Cash Acquisitions	-	-	-	-	-	2.74
Sale (Purchase) of Intangibles	-1.1	-0.96	-0.61	-1.25	-0.3	-0.06
Investment in Securities	-9.41	-12.64	3.22	-5.94	-18.85	-12.05
Other Investing Activities	0.92	2.68	2.15	1.46	1.06	1.75
Investing Cash Flow	-10.63	-12.12	4.19	-6.14	-18.67	-7.78
Long-Term Debt Repaid	-	-0.21	-0.25	-0.25	-0.18	-0.21
Net Debt Issued (Repaid)	-0.18	-0.21	-0.25	-0.25	-0.18	-0.21
Common Dividends Paid	-16.54	-14.85	-16.82	-12.85	-7.81	-4.4
Other Financing Activities	-6.51	-4.51	-4.51	-2.6	-2.6	-
Financing Cash Flow	-23.23	-19.57	-21.59	-15.71	-10.59	-4.62
Net Cash Flow	-0.46	-7.35	1.21	2.43	-12.49	3.72
Free Cash Flow	32.35	23.13	18.03	23.86	16.18	15.95
Free Cash Flow Growth	51.09%	28.29%	-24.42%	47.42%	1.44%	124.34%
Free Cash Flow Margin	76.63%	70.51%	63.32%	73.25%	57.30%	71.85%
Free Cash Flow Per Share	0.16	0.12	0.09	0.12	0.08	0.08
Cash Income Tax Paid	0.73	0.61	0.75	0.54	0.27	0.16
Levered Free Cash Flow	15.42	10.53	7.58	11.73	10.34	11.67
Unlevered Free Cash Flow	15.43	10.55	7.6	11.75	10.37	11.69
Change in Working Capital	-1.06	0.64	-1.06	0.37	0.46	1.68

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