MSM:DICS Cash Flow Statement

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

Millions OMR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	5.17	4.18	6.17	3.89	2.55	3.85
Depreciation & Amortization	0.24	0.2	0.16	0.16	0.18	0.13
Gain (Loss) on Sale of Investments	-2.47	-0.88	-1.17	-	-	-
Change in Accounts Receivable	-	-	-	-	57.72	51.48
Reinsurance Recoverable	11.06	5.45	2.2	-	-22.87	-7.91
Change in Insurance Reserves / Liabilities	0.25	-0.35	5.58	-	-32.59	-37.79
Change in Other Net Operating Assets	2.27	0.25	0.36	-	-	-
Other Operating Activities	-3.23	-2.67	-5.16	5.25	-10.84	-5.08
Operating Cash Flow	14.3	7.18	7.42	9.3	-5.84	4.69
Operating Cash Flow Growth	13.85%	-3.26%	-20.21%	-	-	90.51%
Capital Expenditures	-0.48	-0.13	-0.25	-0.03	-0.14	-0.05
Investment in Securities	-17.86	-15.27	-5.03	0.18	-1.07	-1.5
Other Investing Activities	3.63	3.23	3.02	2.01	2.09	2.26
Investing Cash Flow	-14.71	-12.17	-2.26	2.15	0.88	0.71
Total Debt Repaid	-	-	-	-	-1	-
Net Debt Issued (Repaid)	-	-	-	-	-1	-
Common Dividends Paid	-1.69	-1.64	-1.57	-1.5	-1	-
Other Financing Activities	0.06	-0.12	-0.18	-0.24	-0.31	-0.38
Financing Cash Flow	-1.63	-1.76	-1.75	-1.74	-2.31	-0.38
Net Cash Flow	-2.04	-6.75	3.41	9.71	-7.27	5.02
Free Cash Flow	13.82	7.04	7.17	9.27	-5.98	4.63
Free Cash Flow Growth	12.32%	-1.82%	-22.57%	-	-	94.04%
Free Cash Flow Margin	15.11%	8.02%	9.29%	13.49%	-21.30%	17.42%
Free Cash Flow Per Share	0.12	0.06	0.06	0.07	-0.04	0.05
Cash Interest Paid	0.12	0.12	0.18	0.24	0.31	0.38
Cash Income Tax Paid	0.76	0.76	0.45	0.03	-	-0.08
Levered Free Cash Flow	19.23	0.69	3.64	-62.99	-4.63	-11.3
Unlevered Free Cash Flow	19.31	0.82	3.75	-62.81	-4.43	-11.02
Change in Working Capital	13.59	5.36	8.14	-	2.26	5.79

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.