Independent Petroleum Group K.S.C.P. (KWSE:IPG)

KWSE:IPG 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	9.76	9.01	7.82	7.66	7.19	6.88
Depreciation & Amortization	6.39	6.56	7.57	5.98	5.42	5.41
Loss (Gain) From Sale of Investments	-6.05	-6.11	-6.75	10.23	-4.55	-4.64
Loss (Gain) on Equity Investments	-10.95	-9.66	-8.01	-7.64	-6.14	-6.08
Provision & Write-off of Bad Debts	15.05	22.4	5.59	-0.41	6.47	42.34
Other Operating Activities	12.01	16.22	13.13	5.56	2.3	-27.2
Change in Accounts Receivable	19.55	6.03	-119.86	56.58	-49.51	-12.69
Change in Inventory	-13.41	0.43	24.51	-0.98	-25.93	-2.6
Change in Accounts Payable	-5.41	-8.49	58.59	-37.5	55.21	0.36
Change in Other Net Operating Assets	-3.11	-4.81	0.71	-24.07	1.31	-3.07
Operating Cash Flow	23.82	31.57	-16.69	15.4	-8.24	-1.29
Operating Cash Flow Growth	-59.44%	-	-	-	-	-
Capital Expenditures	-2.72	-0.13	-0.1	-0.34	-2.31	-2.95
Sale of Property, Plant & Equipment	-	-	-	-	1.43	-
Other Investing Activities	12.58	10.56	10.64	13.12	5.63	7.85
Investing Cash Flow	9.87	10.43	10.54	12.78	4.74	4.89
Long-Term Debt Issued	-	-	3.03	32.23	40.41	30.69
Total Debt Issued	-	-	3.03	32.23	40.41	30.69
Long-Term Debt Repaid	-	-0.78	-7.58	-0.97	-3.86	-1.57
Total Debt Repaid	-49.15	-0.78	-7.58	-0.97	-3.86	-1.57
Net Debt Issued (Repaid)	-49.15	-0.78	-4.55	31.26	36.55	29.12
Common Dividends Paid	-7.23	-5.42	-5.42	-5.42	-5.42	-5.42
Other Financing Activities	-12.56	-16.79	-14.06	-9.35	-3.31	-3.98
Financing Cash Flow	-68.94	-23	-24.03	16.49	27.82	19.72
Foreign Exchange Rate Adjustments	-0.24	-0.51	0.97	-5.58	1.06	-0.82
Net Cash Flow	-35.49	18.5	-29.22	39.09	25.38	22.5
Free Cash Flow	21.11	31.44	-16.79	15.06	-10.55	-4.25
Free Cash Flow Growth	-63.99%	-	-	-	-	-
Free Cash Flow Margin	2.21%	2.58%	-1.57%	0.92%	-1.05%	-0.82%
Free Cash Flow Per Share	0.12	0.17	-0.09	0.08	-0.06	-0.02
Cash Interest Paid	12.56	16.79	14.06	9.35	3.31	3.98
Levered Free Cash Flow	9.24	14.07	-29.31	16.6	-9.47	2.01
Unlevered Free Cash Flow	15.91	24.31	-20.1	23.03	-7.28	4.34
Change in Working Capital	-2.38	-6.84	-36.05	-5.98	-18.93	-18

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