KWSE:STC 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	34.1	31.38	32.68	33.21	44.87
Depreciation & Amortization	51.86	48.57	49.25	23.2	38.44
Other Amortization	2.08	2.05	0.87	1.07	1.03
Asset Writedown & Restructuring Costs	0.63	-0.04	0.02	26.5	8.48
Provision & Write-off of Bad Debts	11.28	12.87	14.88	11	7.85
Other Operating Activities	7.12	3.43	3.54	5.06	-11.52
Change in Accounts Receivable	-24.99	-12.63	-21.04	-18.68	-22.16
Change in Inventory	0.32	-1.54	-4.05	2.68	-1.59
Change in Accounts Payable	14.81	16.52	16.63	-4.09	3.94
Change in Unearned Revenue	-0.93	-1.49	-	-	-
Change in Other Net Operating Assets	-4.46	-3.58	-0.45	-0.5	-0.77
Operating Cash Flow	91.81	95.53	92.31	79.45	68.56
Operating Cash Flow Growth	-3.89%	3.49%	16.19%	15.89%	5.35%
Capital Expenditures	-43.26	-27.78	-19.92	-18.51	-27.35
Sale of Property, Plant & Equipment	0.08	0.1	-	0.07	0.18
Cash Acquisitions	-	-	-2.3	-18.9	-
Sale (Purchase) of Intangibles	-8.56	-11.38	-8.14	-6.47	-9.94
Investment in Securities	-0.23	-34.69	1.52	-2.89	-7.61
Other Investing Activities	-	-	0.13	-	-
Investing Cash Flow	-51.96	-73.76	-28.71	-46.71	-44.72
Long-Term Debt Issued	-	-	-	23	-
Long-Term Debt Repaid	-19.57	-15.55	-10	-16.45	-13.98
Net Debt Issued (Repaid)	-19.57	-15.55	-10	6.55	-13.98
Common Dividends Paid	-34.53	-34.72	-28.66	-27.57	-27.17
Other Financing Activities	-1.38	-1.85	-0.98	-0.76	-0.17
Financing Cash Flow	-55.48	-52.13	-39.64	-21.78	-41.32
Net Cash Flow	-15.64	-30.35	23.96	10.96	-17.48
Free Cash Flow	48.55	67.75	72.39	60.94	41.2
Free Cash Flow Growth	-28.33%	-6.42%	18.80%	47.89%	5.93%
Free Cash Flow Margin	14.18%	20.13%	22.11%	18.12%	13.91%
Free Cash Flow Per Share	0.05	0.07	0.07	0.06	0.04
Cash Interest Paid	1.38	1.85	0.98	0.76	0.17
Levered Free Cash Flow	39.34	42.84	55.39	29.67	17.03
Unlevered Free Cash Flow	40.73	44.45	56.65	30.55	18.9
Change in Working Capital	-15.25	-2.72	-8.92	-20.59	-20.59

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