KWSE:NAPESCO 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	17.63	13.42	8.6	6.82	4.83	6.27
Depreciation & Amortization	3.26	3.05	2.85	2.49	2.37	2.48
Loss (Gain) From Sale of Assets	-0	-0.12	-0	-0.09	-0.24	-0.02
Asset Writedown & Restructuring Costs	0.53	-	-	-	-	-
Loss (Gain) From Sale of Investments	-0	-0	-0	0.49	0.14	-0
Loss (Gain) on Equity Investments	-3.07	-4.6	-	-	-	-
Provision & Write-off of Bad Debts	0.18	0.24	-0.08	0.21	-	0.11
Other Operating Activities	0.92	0.76	-1.98	0.87	0.08	-0.29
Change in Accounts Receivable	0.59	3.78	1.26	-0.87	1.59	-2.92
Change in Inventory	-0.93	-0.94	1.55	-1.83	0.43	-1.08
Change in Accounts Payable	-1.63	-0.13	-0.37	1.57	0.51	0.4
Change in Other Net Operating Assets	2.16	1.33	0.75	1.29	-1.3	-1.11
Operating Cash Flow	19.63	16.8	12.57	10.96	8.41	3.83
Operating Cash Flow Growth	93.79%	33.73%	14.68%	30.21%	119.82%	-53.01%
Capital Expenditures	-3.12	-3.01	-3.77	-5.22	-1.29	-1.15
Sale of Property, Plant & Equipment	0.01	0.12	0.06	0.22	0.24	0.02
Cash Acquisitions	1.59	-2.12	-10.14	-	-	-
Investment in Securities	-10.72	-3.52	6	-2.7	-1.11	3.56
Other Investing Activities	0.84	0.56	0.91	0.46	0.27	0.33
Investing Cash Flow	-11.4	-7.99	-6.95	-7.23	-1.89	2.76
Long-Term Debt Repaid	-	-0.22	-0.33	-0.33	-0.3	-0.39
Net Debt Issued (Repaid)	-0.14	-0.22	-0.33	-0.33	-0.3	-0.39
Common Dividends Paid	-6.24	-5.35	-4.8	-3.39	-6.05	-6.67
Other Financing Activities	-0.84	-0.66	-	-	-	-
Financing Cash Flow	-7.22	-6.24	-5.14	-3.73	-6.36	-7.07
Foreign Exchange Rate Adjustments	0	-0	0	-0.01	-0.01	-0
Net Cash Flow	1.01	2.58	0.48	-0.01	0.16	-0.48
Free Cash Flow	16.5	13.79	8.79	5.74	7.12	2.67
Free Cash Flow Growth	104.52%	56.87%	53.12%	-19.38%	166.37%	-62.28%
Free Cash Flow Margin	28.99%	33.61%	22.24%	15.44%	25.55%	9.99%
Free Cash Flow Per Share	0.18	0.15	0.09	0.06	0.07	0.03
Cash Income Tax Paid	0.72	0.43	0.36	0.25	0.32	0.57
Levered Free Cash Flow	7.44	4.2	9.83	2.09	6.83	0.36
Unlevered Free Cash Flow	7.44	4.2	9.84	2.11	6.85	0.39
Change in Working Capital	0.19	4.04	3.18	0.17	1.23	-4.71

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