MEEZA QSTP-LLC (Public) 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	68.12	60.43	60.22	52.13	44.02
Depreciation & Amortization	55.29	56.38	58.6	60.44	52.7
Provision & Write-off of Bad Debts	-0.05	1.23	2.2	-0.27	3.96
Other Operating Activities	1.14	-0.54	-4.19	5.87	4.73
Change in Accounts Receivable	34.06	26.49	-58.03	-17.6	-68.82
Change in Inventory	0.24	-	-	-	-
Change in Accounts Payable	-27.46	-12.1	-3.73	-5.46	27.97
Change in Unearned Revenue	27.45	-8.1	19.21	-16.89	24.24
Change in Other Net Operating Assets	-1.68	-2.05	21.94	19.28	11.33
Operating Cash Flow	157.1	121.74	96.21	97.5	100.14
Operating Cash Flow Growth	29.04%	26.54%	-1.33%	-2.63%	-11.11%
Capital Expenditures	-154.52	-18.82	-14.43	-53.81	-208.18
Cash Acquisitions	25.24	-	-	-	-
Other Investing Activities	9.52	9.91	13.04	3.69	2.19
Investing Cash Flow	-119.75	-8.91	-1.39	-50.13	-205.99
Long-Term Debt Issued	94.84	-	-	-	88.24
Long-Term Debt Repaid	-28.29	-31.27	-29.82	-13.67	-12.71
Net Debt Issued (Repaid)	66.56	-31.27	-29.82	-13.67	75.53
Common Dividends Paid	-51.92	-52.69	-18.43	-66	-
Financing Cash Flow	14.64	-83.96	-48.25	-79.67	75.53
Net Cash Flow	51.98	28.87	46.57	-32.29	-30.33
Free Cash Flow	2.58	102.92	81.78	43.69	-108.04
Free Cash Flow Growth	-97.49%	25.86%	87.17%	-	-
Free Cash Flow Margin	0.64%	27.50%	19.34%	12.38%	-32.90%
Free Cash Flow Per Share	0.00	0.16	0.13	0.07	-
Cash Interest Paid	6.23	8.54	9.28	6.49	1.34
Cash Income Tax Paid	0.15	-	-	-	-
Levered Free Cash Flow	27.13	72.53	53.99	3.11	-127.6
Unlevered Free Cash Flow	35.91	83.06	65.05	12.57	-121.25
Change in Working Capital	32.6	4.24	-20.62	-20.67	-5.28

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