MSM:AMAT Cash Flow Statement

Financials in millions OMR. Fiscal year is January - December.

Millions OMR. 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	3.92	4	0.58	1.43	1.06	0.95
Depreciation & Amortization	0.28	0.23	0.1	0.12	0.12	0.12
Gain (Loss) on Sale of Investments	-0.31	-0.18	-0.17	0.13	0.09	-0.29
Change in Accounts Receivable	-0.81	-0.81	-1.65	0.12	-2.17	-6.2
Reinsurance Recoverable	-6.7	-6.7	1.02	-3.78	7.02	-17.55
Change in Accounts Payable	2.34	2.34	5.91	2.45	3.39	1.88
Change in Unearned Revenue	-	-	-	-0.05	0	0
Change in Insurance Reserves / Liabilities	10.71	10.71	-1.73	2.26	-7.34	18.22
Change in Other Net Operating Assets	-1.61	-	-	0.04	-0.7	0.56
Other Operating Activities	-3.53	-3.53	-1.29	-1.98	-6.8	-3.99
Operating Cash Flow	4.56	6.35	3.31	-2.5	0.33	-2.1
Operating Cash Flow Growth	-	91.53%	-	-	-	-
Capital Expenditures	-0.36	-0.31	-0.01	-0.08	-0.05	-0.07
Investment in Securities	-1.22	-1.71	-6.82	6.74	-0.58	2.44
Other Investing Activities	2.15	1.61	1.86	1.7	1.01	1.49
Investing Cash Flow	0.57	-0.41	-4.97	8.36	0.38	3.86
Common Dividends Paid	-1.23	-1.23	-1.23	-1.23	-1.31	-1.75
Other Financing Activities	-0.16	-0.16	-	-	-	-
Financing Cash Flow	-1.42	-1.38	-1.23	-1.23	-1.31	-1.75
Net Cash Flow	3.71	4.55	-2.88	4.63	-0.6	0.01
Free Cash Flow	4.2	6.03	3.3	-2.57	0.29	-2.17
Free Cash Flow Growth	-	82.80%	-	-	-	-
Free Cash Flow Margin	9.80%	14.15%	8.16%	-15.83%	1.74%	-13.37%
Free Cash Flow Per Share	0.02	0.03	0.02	-0.01	0.00	-0.01
Cash Interest Paid	0.16	0.16	-	-	-	-
Cash Income Tax Paid	0.28	0.28	0.26	0.24	0.28	0.35
Levered Free Cash Flow	54.2	19.3	-52.19	-2.64	6.59	0.91
Unlevered Free Cash Flow	54.2	19.3	-52.19	-2.64	6.59	0.91
Change in Working Capital	3.93	5.54	3.55	-2.32	5.74	0.29

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