Gulf Bank K.S.C.P. 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	52.38	60.17	71.21	61.8	42.11
Depreciation & Amortization	8.74	8.12	7.17	6.83	6.82
Gain (Loss) on Sale of Investments	0.01	-0.06	-0.1	-0.04	0.11
Total Asset Writedown	-	-	0.07	0.13	-
Provision for Credit Losses	48.18	34.91	40.19	37.87	59.44
Change in Other Net Operating Assets	-888.54	68.6	-334.59	-435.33	-635.27
Other Operating Activities	-1.66	-1.27	-0.23	-0.8	-0.68
Operating Cash Flow	-780.9	170.46	-216.29	-329.53	-527.47
Capital Expenditures	-8.84	-9.95	-8.17	-11.14	-7.14
Investment in Securities	-100.96	-4.67	-62.95	11.25	29.59
Other Investing Activities	1.67	1	1.01	0.8	0.68
Investing Cash Flow	-108.13	-13.62	-70.11	0.91	23.13
Long-Term Debt Issued	258.72	-	76.14	278.93	115
Long-Term Debt Repaid	-	-50.24	-	-	-
Net Debt Issued (Repaid)	258.72	-50.24	76.14	278.93	115
Issuance of Common Stock	-	-	60.01	13.89	2.86
Repurchase of Common Stock	-	-2.38	-	-	-
Common Dividends Paid	-37.93	-43.46	-32.01	-21.08	-15.06
Net Increase (Decrease) in Deposit Accounts	123.5	233.35	346.39	44.28	238.11
Other Financing Activities	-	-	-0.26	-	-
Financing Cash Flow	344.28	137.28	450.27	316.02	340.91
Net Cash Flow	-544.75	294.12	163.87	-12.61	-163.43
Free Cash Flow	-789.74	160.51	-224.46	-340.67	-534.61
Free Cash Flow Margin	-527.99%	103.00%	-138.75%	-225.26%	-436.58%
Free Cash Flow Per Share	-0.19	0.04	-0.06	-0.08	-0.14
Cash Interest Paid	234.71	250.15	192.07	82.11	55.74
Cash Income Tax Paid	2.9	3.34	2.87	-	-

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.