Gulf Bank K.S.C.P. (KWSE:GBK)

Gulf Bank K.S.C.P. 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	58.33	60.17	71.21	61.8	42.11	28.8
Depreciation & Amortization	8.72	8.12	7.17	6.83	6.82	7.62
Gain (Loss) on Sale of Investments	-0.01	-0.06	-0.1	-0.04	0.11	-0.12
Total Asset Writedown	-	-	0.07	0.13	-	0.99
Provision for Credit Losses	45.17	34.91	40.19	37.87	59.44	68.69
Change in Other Net Operating Assets	-184.72	68.6	-334.59	-435.33	-635.27	402.06
Other Operating Activities	-2.01	-1.27	-0.23	-0.8	-0.68	-0.61
Operating Cash Flow	-74.53	170.46	-216.29	-329.53	-527.47	507.43
Capital Expenditures	-8.02	-9.95	-8.17	-11.14	-7.14	-5.26
Investment in Securities	-97.77	-4.67	-62.95	11.25	29.59	-5.56
Other Investing Activities	1.67	1	1.01	0.8	0.68	0.57
Investing Cash Flow	-104.13	-13.62	-70.11	0.91	23.13	-10.25
Long-Term Debt Issued	-	-	76.14	278.93	115	-
Long-Term Debt Repaid	-	-50.24	-	-	-	-
Net Debt Issued (Repaid)	258.33	-50.24	76.14	278.93	115	-
Issuance of Common Stock	-	-	60.01	13.89	2.86	22.14
Repurchase of Common Stock	-	-2.38	-	-	-	-
Common Dividends Paid	-37.93	-43.46	-32.01	-21.08	-15.06	-31.95
Net Increase (Decrease) in Deposit Accounts	-111.07	233.35	346.39	44.28	238.11	-229.33
Other Financing Activities	-	-	-0.26	-	-	-
Financing Cash Flow	109.33	137.28	450.27	316.02	340.91	-239.14
Net Cash Flow	-69.32	294.12	163.87	-12.61	-163.43	258.04
Free Cash Flow	-82.55	160.51	-224.46	-340.67	-534.61	502.17
Free Cash Flow Margin	-52.25%	103.00%	-138.75%	-225.26%	-436.58%	527.45%
Free Cash Flow Per Share	-0.02	0.04	-0.06	-0.09	-0.15	0.14
Cash Interest Paid	239.36	250.15	192.07	82.11	55.74	101.52
Cash Income Tax Paid	3.34	3.34	2.87	-	-	-

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