Baladna Q.P.S.C. (QSE:BLDN)

Baladna Q.P.S.C. Cash Flow Statement

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

Operating Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	543	539.74	185.01	109.63	80.61	133.84
Depreciation & Amortization	153.75	151.57	134.81	143.24	140.66	126.3
Loss (Gain) From Sale of Assets	0.06	-0.2	-0.12	-0.06	0.19	-0.03
Asset Writedown & Restructuring Costs	-54.75	-56.41	-45.3	-61.5	-68.9	-52.47
Loss (Gain) From Sale of Investments	-396.73	-408.01	-37.96	-30.2	23.25	-10.83
Provision & Write-off of Bad Debts	-0.08	-0.08	0.08	0.82	0.04	0.09
Other Operating Activities	7.66	9.97	-40.79	-17	9.67	24.9
Change in Accounts Receivable	57.5	17.32	6.72	-71.8	-30.51	3.52
Change in Inventory	12.56	28.56	-35.2	45.79	-171.04	28.81
Change in Accounts Payable	-9.14	-7.31	2.64	27.05	50.04	-17.68
Change in Other Net Operating Assets	1.91	-1.83	53.27	-46.91	-25.64	9.04
Operating Cash Flow	315.73	273.32	223.15	99.06	8.37	245.5
Operating Cash Flow Growth	332.44%	22.48%	125.26%	1083.90%	-96.59%	-8.66%

Investing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Capital Expenditures	-248.52	-262.07	-112.99	-163.75	-340.39	-249.93
Sale of Property, Plant & Equipment	58.28	63	51.16	34.89	22.03	19.95
Cash Acquisitions	-	-	-	-6.85	-	-
Sale (Purchase) of Intangibles	-0.03	-0.03	-1.09	-2.02	-1.05	-1.92
Investment in Securities	-36.55	-62.77	-113.9	-123.52	-97.31	-133.23
Other Investing Activities	-616.74	-372.81	2.22	2.28	10	-
Investing Cash Flow	-843.56	-634.69	-174.59	-258.96	-406.73	-365.13

Financing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Long-Term Debt Issued	-	406.78	80.14	185.51	485.88	244.93
Long-Term Debt Repaid	-	-0.08	-43.94	-15.21	-10.82	-12.18
Total Debt Repaid	-0.08	-0.08	-43.94	-15.21	-10.82	-12.18
Net Debt Issued (Repaid)	405.92	406.7	36.2	170.3	475.06	232.75
Common Dividends Paid	-1.27	-1.09	-134.41	-1.46	-92.04	-95.97
Other Financing Activities	326.09	257.1	-9.93	14.32	11.34	-30.84
Financing Cash Flow	730.73	662.71	-108.14	183.16	394.36	105.95

Net Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Foreign Exchange Rate Adjustments	-0.21	-0.2	-	-	-	-
Net Cash Flow	202.69	301.14	-59.58	23.26	-4	-13.69

Free Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Free Cash Flow	67.21	11.25	110.16	-64.69	-332.02	-4.44
Free Cash Flow Growth	-	-89.79%	-	-	-	-
Free Cash Flow Margin	5.30%	0.89%	9.62%	-6.12%	-33.69%	-0.57%
Free Cash Flow Per Share	0.03	0.01	0.05	-0.03	-0.15	-0.00
Levered Free Cash Flow	130.14	43.93	68.61	-97.23	-350.11	-0.61
Unlevered Free Cash Flow	178.87	92.98	105.43	-54.65	-312.61	23.41

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash Interest Paid	117.38	116.62	123.15	110.01	67.06	35.57
Cash Income Tax Paid	0.95	0.95	0.21	0.58	0.81	0.38
Change in Working Capital	62.83	36.74	27.42	-45.87	-177.15	23.69

Data Source: S&P Global Market Intelligence Last updated: Mar 31, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Jul 24, 2026

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