KWSE:OOREDOO 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	77.17	49.41	72.82	39.46	19.25
Depreciation & Amortization	145.38	131.71	135.24	132.8	143.63
Loss (Gain) From Sale of Assets	-2.49	-2.21	-1.61	-0.56	0.09
Asset Writedown & Restructuring Costs	9.3	9.34	24.54	-	0.14
Loss (Gain) From Sale of Investments	8.96	17.59	12.83	7.02	5.98
Other Operating Activities	31.16	26.59	29.2	13.26	18.7
Change in Accounts Receivable	-37.8	-16.25	-7.96	-18.12	-15.38
Change in Inventory	-0.71	0.44	0.62	-3.57	0.86
Change in Accounts Payable	56.63	7.57	-7.89	5.9	4.75
Change in Unearned Revenue	10.06	1.41	3.38	1.85	-4.09
Change in Other Net Operating Assets	2.31	6.63	-8.44	12.76	1.3
Operating Cash Flow	299.96	232.23	252.73	190.81	175.23
Operating Cash Flow Growth	29.17%	-8.11%	32.45%	8.89%	-18.75%
Capital Expenditures	-150.19	-98.86	-92.14	-80.16	-74.15
Sale of Property, Plant & Equipment	2.91	3.77	2.99	0.81	0.13
Sale (Purchase) of Intangibles	-62.13	-11.04	-4.96	-4.48	-3.84
Investment in Securities	-33.73	12.8	-67.86	-11.64	-8.75
Other Investing Activities	9.12	4.14	4.21	3.45	2.71
Investing Cash Flow	-234.01	-89.2	-157.75	-92.02	-83.9
Long-Term Debt Issued	2.39	43	6.45	3.52	37.58
Long-Term Debt Repaid	-37.68	-36.69	-37.63	-47.23	-95.75
Net Debt Issued (Repaid)	-35.29	6.31	-31.19	-43.71	-58.17
Common Dividends Paid	-45.2	-70.05	-35.09	-17.61	-7.86
Other Financing Activities	-20.3	-18.19	-21.03	-12.97	-10.94
Financing Cash Flow	-100.8	-81.93	-87.31	-74.29	-76.97
Foreign Exchange Rate Adjustments	4.86	-0.77	-0.95	-2.04	-3
Net Cash Flow	-29.99	60.33	6.72	22.46	11.36
Free Cash Flow	149.78	133.37	160.59	110.65	101.08
Free Cash Flow Growth	12.30%	-16.95%	45.13%	9.47%	-12.93%
Free Cash Flow Margin	19.34%	18.77%	24.58%	17.84%	16.80%
Free Cash Flow Per Share	0.30	0.27	0.32	0.22	0.20
Cash Interest Paid	15.23	11.06	9.62	2.34	4.13
Cash Income Tax Paid	34.94	20.38	20.69	11.95	10.08
Levered Free Cash Flow	103.09	95.23	126.71	92.52	84.63
Unlevered Free Cash Flow	111.86	101.62	132.26	97.77	90.79
Change in Working Capital	30.5	-0.19	-20.3	-1.17	-12.57

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