QSE:ERES Cash Flow Statement

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

Millions QAR. 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	113.62	104.99	99.66	86.73	61.11
Depreciation & Amortization	23.58	22.2	21.31	23.45	30.19
Gain (Loss) on Sale of Assets	-121.31	-	-	-	0.95
Gain (Loss) on Sale of Investments	-	-	-	-576.48	-
Asset Writedown	659.29	197.96	192.86	1,059	200.51
Income (Loss) on Equity Investments	-	-	-	-68.42	-77.76
Change in Accounts Receivable	-22.56	15.79	27.78	-38.4	33.85
Change in Accounts Payable	-27.45	-42.91	-20.9	71.95	19.39
Other Operating Activities	775.22	1,050	1,098	801.01	719.1
Operating Cash Flow	1,430	1,357	1,429	1,368	984.85
Operating Cash Flow Growth	5.41%	-5.07%	4.50%	38.88%	7.53%
Acquisition of Real Estate Assets	-29.99	-74.8	-133.62	-133.58	-112.02
Sale of Real Estate Assets	606.51	-	-	-	4.41
Net Sale / Acq. of Real Estate Assets	576.52	-74.8	-133.62	-133.58	-107.6
Investment in Marketable & Equity Securities	-	-	-	20	36.43
Other Investing Activities	8.26	11.94	16.39	134.66	115.93
Investing Cash Flow	584.78	-62.86	-117.23	21.09	44.75
Long-Term Debt Issued	4,533	657	-	831.24	1,800
Long-Term Debt Repaid	-6,122	-1,742	-1,336	-2,812	-2,307
Net Debt Issued (Repaid)	-1,590	-1,085	-1,336	-1,980	-507.24
Common Dividends Paid	-	-477.19	-58.96	-58.96	-60.96
Other Financing Activities	-11.62	4.07	-0.34	8.62	10.11
Foreign Exchange Rate Adjustments	-16.25	7.49	-8.72	18.34	0.74
Net Cash Flow	397.36	-256.5	-91.75	-623.46	472.25
Levered Free Cash Flow	155.92	-284.68	123.94	-414.34	-785.81
Unlevered Free Cash Flow	641.94	374.37	817.53	86.66	-330.77
Change in Working Capital	-50.09	-27.64	7.02	24.83	52.58

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.