KWSE:STC 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	34.24	34.1	31.38	32.68	33.21	44.87
Depreciation & Amortization	52.43	51.86	48.57	49.25	23.2	38.44
Other Amortization	2.08	2.08	2.05	0.87	1.07	1.03
Asset Writedown & Restructuring Costs	0.63	0.63	-0.04	0.02	26.5	8.48
Provision & Write-off of Bad Debts	11.51	11.28	12.87	14.88	11	7.85
Other Operating Activities	6.74	7.12	3.43	3.54	5.06	-11.52
Change in Accounts Receivable	-15.84	-24.99	-12.63	-21.04	-18.68	-22.16
Change in Inventory	-3.38	0.32	-1.54	-4.05	2.68	-1.59
Change in Accounts Payable	21.82	14.81	16.52	16.63	-4.09	3.94
Change in Unearned Revenue	-0.84	-0.93	-1.49	-	-	-
Change in Other Net Operating Assets	0.37	-4.46	-3.58	-0.45	-0.5	-0.77
Operating Cash Flow	109.74	91.81	95.53	92.31	79.45	68.56
Operating Cash Flow Growth	33.00%	-3.89%	3.49%	16.19%	15.89%	5.35%
Capital Expenditures	-41.09	-43.26	-27.78	-19.92	-18.51	-27.35
Sale of Property, Plant & Equipment	0.06	0.08	0.1	-	0.07	0.18
Cash Acquisitions	-	-	-	-2.3	-18.9	-
Sale (Purchase) of Intangibles	-9.16	-8.56	-11.38	-8.14	-6.47	-9.94
Investment in Securities	11.19	-0.23	-34.69	1.52	-2.89	-7.61
Other Investing Activities	-	-	-	0.13	-	-
Investing Cash Flow	-38.99	-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)	-20.5	-19.57	-15.55	-10	6.55	-13.98
Common Dividends Paid	-34.39	-34.53	-34.72	-28.66	-27.57	-27.17
Other Financing Activities	-1.36	-1.38	-1.85	-0.98	-0.76	-0.17
Financing Cash Flow	-56.25	-55.48	-52.13	-39.64	-21.78	-41.32
Net Cash Flow	14.5	-15.64	-30.35	23.96	10.96	-17.48
Free Cash Flow	68.65	48.55	67.75	72.39	60.94	41.2
Free Cash Flow Growth	28.63%	-28.33%	-6.42%	18.80%	47.89%	5.93%
Free Cash Flow Margin	20.17%	14.18%	20.13%	22.11%	18.12%	13.91%
Free Cash Flow Per Share	0.07	0.05	0.07	0.07	0.06	0.04
Cash Interest Paid	1.36	1.38	1.85	0.98	0.76	0.17
Levered Free Cash Flow	61.16	39.34	42.84	55.39	29.67	17.03
Unlevered Free Cash Flow	62.52	40.73	44.45	56.65	30.55	18.9
Change in Working Capital	2.13	-15.25	-2.72	-8.92	-20.59	-20.59

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