KWSE:INTEGRATED Cash Flow Statement

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

Millions KWD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	5.27	5.53	6.88	4.1	3.17	1.66
Depreciation & Amortization	11.65	11.55	10.82	9.64	9.09	8.98
Loss (Gain) From Sale of Assets	-1.21	-1.34	-0.54	-0.2	-1.25	-0.51
Asset Writedown & Restructuring Costs	-	-	-	-	0.12	-
Provision & Write-off of Bad Debts	0.23	-0.16	-0.67	1.27	0.23	-0.57
Other Operating Activities	1.78	2.09	2.01	1.66	0.74	0.3
Change in Accounts Receivable	-0.6	-0.06	-1.04	-3.39	-0.63	0.31
Change in Inventory	-0.25	-0.27	0.02	-0.08	-0.11	-0.03
Change in Accounts Payable	4.73	-4.49	8.61	-0.13	-8.58	-0.18
Operating Cash Flow	21.6	12.86	26.08	12.88	2.78	9.97
Operating Cash Flow Growth	13.67%	-50.70%	102.52%	363.49%	-72.14%	-43.53%
Capital Expenditures	-8.3	-8.16	-19.83	-22.16	-3.57	-2.19
Sale of Property, Plant & Equipment	1.45	1.47	1.19	0.25	1.26	0.77
Investing Cash Flow	-6.85	-6.69	-18.64	-21.91	-2.3	-1.42
Long-Term Debt Issued	-	22.25	3.51	19.66	0.9	-
Long-Term Debt Repaid	-	-21.09	-3.95	-6.49	-1.73	-3.23
Net Debt Issued (Repaid)	-8.06	1.16	-0.44	13.17	-0.83	-3.23
Common Dividends Paid	-6.33	-6.33	-5.06	-3.8	-2.53	-
Other Financing Activities	-2.04	-2.05	-1.85	-1.25	-0.54	-0.58
Financing Cash Flow	-16.43	-7.21	-7.35	8.12	-3.91	-3.81
Foreign Exchange Rate Adjustments	-0.02	0	-0.02	-0	0.02	-0.13
Net Cash Flow	-1.7	-1.04	0.06	-0.91	-3.41	4.61
Free Cash Flow	13.3	4.7	6.25	-9.28	-0.79	7.78
Free Cash Flow Growth	634.42%	-24.83%	-	-	-	-
Free Cash Flow Margin	37.36%	13.24%	17.63%	-29.49%	-3.18%	37.04%
Free Cash Flow Per Share	0.05	0.02	0.03	-0.04	-0.00	0.03
Cash Interest Paid	2.05	2.05	1.85	1.25	0.54	0.58
Cash Income Tax Paid	0.76	0.76	0.43	0.18	0.06	-
Levered Free Cash Flow	9.73	1.26	1.38	-12.13	-2.2	13.16
Unlevered Free Cash Flow	11.02	2.6	2.57	-11.22	-1.75	13.57
Change in Working Capital	3.88	-4.81	7.59	-3.59	-9.31	0.11

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