MSM:TAOI Cash Flow Statement

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

Millions OMR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	0.57	-1.85	0.61	13.84	-5.68
Depreciation & Amortization	0.32	0.07	0.3	0.19	0.17
Other Amortization	-	-	-	0.05	0.03
Gain (Loss) on Sale of Investments	-	-0	-0.05	-	-
Change in Accounts Receivable	2.14	-	0.2	-4.23	2.75
Reinsurance Recoverable	-5.9	-1.11	5.15	-0.88	-12.56
Change in Accounts Payable	0.13	-2.39	-2.55	2	1.76
Change in Unearned Revenue	-	-	0.07	-0.01	-0.09
Change in Insurance Reserves / Liabilities	15.61	0.28	-2.63	2.58	15.67
Change in Other Net Operating Assets	-2.29	3.09	-0.14	1.05	-2.47
Other Operating Activities	-1.03	2.35	-0.25	-16	-0.63
Operating Cash Flow	9.34	0.68	5.71	1.74	1.68
Operating Cash Flow Growth	1276.26%	-88.11%	227.06%	3.81%	-
Capital Expenditures	-0.14	-0.11	-0.06	-0.11	-0.14
Purchase / Sale of Intangible Assets	-0.02	-0.12	-0.08	-0.05	-0.18
Investment in Securities	-11.01	0.36	5.37	-1.25	-3
Other Investing Activities	-0.21	1.06	0.97	0.46	0.6
Investing Cash Flow	-11.38	1.2	6.2	-0.95	-2.71
Long-Term Debt Issued	0.15	0.1	-	-	-
Total Debt Repaid	-	-	-4.16	-0.41	-4.03
Net Debt Issued (Repaid)	0.15	0.1	-4.16	-0.41	-4.03
Issuance of Common Stock	6	-	-	-	-
Other Financing Activities	-2.08	-1.26	-0.35	4.98	5.52
Financing Cash Flow	4.07	-1.16	-4.51	4.57	1.49
Miscellaneous Cash Flow Adjustments	-	-	-8.59	-2.46	-
Net Cash Flow	2.03	0.71	-1.2	2.91	0.46
Free Cash Flow	9.2	0.57	5.65	1.63	1.54
Free Cash Flow Growth	1505.98%	-89.86%	245.90%	5.74%	-
Free Cash Flow Margin	944.77%	63.33%	29.31%	11.55%	13.04%
Free Cash Flow Per Share	0.04	0.00	0.02	0.01	0.01
Cash Interest Paid	1.57	0.75	0.35	1.02	0.48
Levered Free Cash Flow	12.33	4.81	3.92	-2.52	-0.18
Unlevered Free Cash Flow	12.33	4.81	3.92	-2.52	-0.18
Change in Working Capital	9.47	0.11	5.14	3.83	7.36

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