Al Suwadi Power Company SAOG (MSM:SUWP)

MSM:SUWP Cash Flow Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	16.29	14.6	14.54	12.92	11.34
Depreciation & Amortization	8.2	8.19	8.19	8.18	8.28
Other Amortization	0.37	0.53	0.61	0.74	0.86
Loss (Gain) on Sale of Assets	-0	-	-	-0	-
Change in Accounts Receivable	0.1	-1.11	0.8	27.55	7.18
Change in Inventory	-0.26	0.03	0.02	-0.06	-0.04
Change in Accounts Payable	0.12	-0.96	-1.19	-24.81	-6.76
Change in Other Net Operating Assets	1.69	0.83	-0.56	-0.11	0.4
Other Operating Activities	3.99	4.6	7.34	8.51	9.05
Operating Cash Flow	30.5	26.7	29.73	32.93	30.31
Operating Cash Flow Growth	14.23%	-10.19%	-9.72%	8.67%	2.05%
Capital Expenditures	-0.18	-0.01	-0.01	-0.19	-0.2
Sale of Property, Plant & Equipment	0	0	-	0.02	-
Other Investing Activities	0.13	0.25	0.21	0.08	0.01
Investing Cash Flow	-0.04	0.24	0.2	-0.1	-0.2
Long-Term Debt Issued	39.63	17.89	25.63	38.39	21.89
Total Debt Issued	39.63	17.89	25.63	38.39	21.89
Long-Term Debt Repaid	-61.02	-34.83	-44.65	-58.75	-39.77
Total Debt Repaid	-61.02	-34.83	-44.65	-58.75	-39.77
Net Debt Issued (Repaid)	-21.39	-16.94	-19.02	-20.37	-17.88
Common Dividends Paid	-5	-9.29	-	-5.36	-4.64
Other Financing Activities	-3.92	-5.05	-5.82	-5.69	-7.41
Financing Cash Flow	-30.31	-31.28	-24.83	-31.41	-29.93
Net Cash Flow	0.15	-4.34	5.09	1.42	0.18
Free Cash Flow	30.32	26.69	29.72	32.74	30.11
Free Cash Flow Growth	13.61%	-10.18%	-9.23%	8.74%	1.64%
Free Cash Flow Margin	33.65%	30.84%	35.11%	39.05%	36.49%
Free Cash Flow Per Share	0.04	0.04	0.04	0.05	0.04
Cash Interest Paid	3.92	4.85	5.79	6.57	7.22
Cash Income Tax Paid	2.57	2.36	0.68	-	-
Levered Free Cash Flow	22.25	18.74	20.12	21.36	17.51
Unlevered Free Cash Flow	24.3	21.34	23.28	24.94	21.5
Change in Working Capital	1.66	-1.22	-0.94	2.58	0.79

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