QSE:GWCS Cash Flow Statement

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

Millions QAR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	116.14	120.05	171.89	215.04	239.58	224.94
Depreciation & Amortization	214.51	224.01	239.3	207.25	172.03	163.35
Loss (Gain) From Sale of Assets	-7.35	-7.35	0.3	0.34	-0.1	-0.09
Asset Writedown & Restructuring Costs	-	-	-	-	-0.39	-0.46
Provision & Write-off of Bad Debts	1.8	1.8	4.49	3.91	2.73	1.97
Other Operating Activities	106.23	111.88	131.95	108.56	70.53	65.01
Change in Accounts Receivable	64.87	94.89	7.83	85.74	-174.76	-94.57
Change in Inventory	-0.23	0.19	3.36	5.63	-2.5	-1.9
Change in Accounts Payable	64.36	-7.63	-100.51	5.76	109.99	62.42
Operating Cash Flow	560.33	537.85	458.61	632.24	417.12	420.67
Operating Cash Flow Growth	27.58%	17.28%	-27.46%	51.57%	-0.84%	-14.53%
Capital Expenditures	-48.85	-52.6	-157.08	-562.49	-434.35	-389.24
Sale of Property, Plant & Equipment	19.25	19.26	0.25	0.83	29.12	0.11
Cash Acquisitions	-1.25	-1.25	-8.75	-37.5	-	-
Investment in Securities	-34.99	-34.99	-	-	-	170
Other Investing Activities	6.48	4.26	2.89	1.89	-6.08	-8.67
Investing Cash Flow	-59.36	-65.33	-162.69	-597.26	-411.3	-227.81
Long-Term Debt Issued	-	545.1	374.35	839.83	712.46	347.98
Long-Term Debt Repaid	-	-661.86	-557.83	-640.89	-588.79	-309.46
Net Debt Issued (Repaid)	-121.34	-116.76	-183.47	198.94	123.67	38.52
Common Dividends Paid	-58.6	-58.6	-64.46	-58.6	-58.6	-58.6
Other Financing Activities	-109.13	-121.06	-121.76	-125.39	-78.45	-71.16
Financing Cash Flow	-289.07	-296.43	-369.7	14.95	-13.39	-91.24
Foreign Exchange Rate Adjustments	0.1	0.14	-0.12	0.28	-0.52	-0.1
Net Cash Flow	212.01	176.23	-73.9	50.21	-8.09	101.53
Free Cash Flow	511.49	485.25	301.52	69.75	-17.22	31.43
Free Cash Flow Growth	71.96%	60.93%	332.29%	-	-	-64.61%
Free Cash Flow Margin	38.40%	35.12%	19.05%	4.62%	-1.13%	2.41%
Free Cash Flow Per Share	0.87	0.83	0.52	0.12	-0.03	0.05
Cash Interest Paid	96.39	108.32	121.76	125.39	66.2	71.16
Cash Income Tax Paid	1.06	1.03	2.27	2.03	1.79	1.33
Levered Free Cash Flow	340.99	326.68	114.64	-112.07	-133.99	-134.36
Unlevered Free Cash Flow	405.32	394.55	197.31	-47.19	-99.11	-99.02
Change in Working Capital	129	87.45	-89.32	97.13	-67.27	-34.05

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