KWSE:TAM 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	20.38	20.36	15.45	15.71	15.05	11.39
Depreciation & Amortization	1.88	1.93	1.77	1.98	2.25	1.82
Gain (Loss) on Sale of Assets	-0.06	-0.06	-0.33	-1.42	-0.42	-1.04
Asset Writedown	-1.83	-1.83	-1.15	-0.07	-1.95	0.3
Income (Loss) on Equity Investments	-15.84	-15.68	-12.21	-11.5	-10.05	-7.41
Change in Accounts Receivable	16.08	-3.23	-0.87	-1.82	-1.87	-3.46
Change in Accounts Payable	-1.95	-0.86	-5.06	-3.04	-4.01	-5.43
Change in Other Net Operating Assets	-0.02	-0.09	-1.1	-0.37	-0.39	-0.14
Other Operating Activities	10.98	10.84	8.54	7.98	6.97	5.98
Operating Cash Flow	29.59	11.35	4.72	7.68	6.39	2.17
Operating Cash Flow Growth	-	140.31%	-38.55%	20.25%	193.88%	-53.61%
Acquisition of Real Estate Assets	-31.79	-31.68	-18.55	-2.56	-1.44	-3.18
Sale of Real Estate Assets	1.53	1.53	5.11	10.45	9.56	17.23
Net Sale / Acq. of Real Estate Assets	-30.26	-30.15	-13.43	7.89	8.12	14.05
Cash Acquisition	-19.45	-	-	-6.62	-	-
Investment in Marketable & Equity Securities	2.69	-2.01	14.61	9.89	70.43	1.14
Other Investing Activities	13.92	9.67	8.8	10.59	8.52	0.88
Investing Cash Flow	-24.6	-13.99	4.28	21.71	87.07	16.07
Short-Term Debt Issued	-	-	2.38	1.63	-	-
Long-Term Debt Issued	-	32.81	-	-	-	-
Total Debt Issued	17.61	32.81	2.38	1.63	-	-
Short-Term Debt Repaid	-	-2.55	-	-	-1.81	-4.1
Long-Term Debt Repaid	-	-	-5.27	-24.79	-74.84	-6.67
Total Debt Repaid	-2.55	-2.55	-5.27	-24.79	-76.65	-10.77
Net Debt Issued (Repaid)	15.06	30.26	-2.88	-23.15	-76.65	-10.77
Repurchase of Common Stock	-	-	-	-	-0.06	-0
Common Dividends Paid	-7.27	-7.26	-7.79	-4.81	-5.89	-0.07
Other Financing Activities	-4.84	-12.81	-12.52	-9.93	-7.59	-6.01
Net Cash Flow	7.95	7.55	-14.19	-8.49	3.27	1.39
Cash Interest Paid	8.58	8.58	8.1	7.63	6.64	6.57
Levered Free Cash Flow	46.19	16.88	1.44	26.16	25.37	43.38
Unlevered Free Cash Flow	51.39	22.1	6.17	31.34	29.58	47.61
Change in Working Capital	14.11	-4.18	-7.02	-5.23	-6.27	-9.04

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