QSE:NLCS Cash Flow Statement

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

Millions QAR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	19.87	17.12	15.4	19.11	-14.89	12.86
Depreciation & Amortization	3.69	3.74	4.58	5.06	6.88	8.14
Other Amortization	0.12	0.12	0.19	12.66	0.19	0.19
Loss (Gain) From Sale of Assets	-	-	-0.41	0.13	-0.47	0.3
Asset Writedown & Restructuring Costs	1.33	1.33	-	5.4	8.7	18.27
Loss (Gain) From Sale of Investments	-10.31	1.13	2.69	1.58	7.02	-50.75
Provision & Write-off of Bad Debts	-	-	-2.31	-31.29	-1.26	-5.84
Other Operating Activities	-25.51	-25.8	-22.91	-18.2	-17.7	22.18
Change in Inventory	-1.39	-18.73	4.01	0.04	0.53	-3.88
Change in Accounts Payable	8.55	1.38	-2.39	0.45	-27.3	-10.06
Change in Unearned Revenue	1.74	2.36	-1.75	0.6	-4.75	-43.38
Change in Other Net Operating Assets	0.61	2.57	0.71	36.41	10.06	44.89
Operating Cash Flow	-1.28	-14.78	-2.18	31.73	-28.14	-32.45
Capital Expenditures	-1.46	-18.98	-4.22	-0.55	-1.72	-0.34
Sale of Property, Plant & Equipment	-	-	0.42	-	0.01	0.76
Sale (Purchase) of Intangibles	-	-	-0.49	-	-	-
Investment in Securities	60.98	-37.78	-5.46	-252.3	3.36	256.64
Other Investing Activities	31.11	23.64	21.3	14.24	22.71	18.44
Investing Cash Flow	90.63	-33.12	11.55	-238.61	24.36	275.49
Long-Term Debt Issued	-	81.5	18.5	-	-	-
Long-Term Debt Repaid	-	-0.1	-0.1	-19.33	-22.76	-9.1
Net Debt Issued (Repaid)	-0.1	81.4	18.4	-19.33	-22.76	-9.1
Common Dividends Paid	-17.32	-14.84	-14.84	-	-12.37	-30.34
Financing Cash Flow	-17.42	66.56	3.56	-19.33	-35.13	-39.44
Net Cash Flow	71.93	18.65	12.93	-226.21	-38.91	203.6
Free Cash Flow	-2.74	-33.76	-6.4	31.18	-29.86	-32.79
Free Cash Flow Margin	-3.27%	-51.28%	-10.94%	63.89%	-96.68%	-27.43%
Free Cash Flow Per Share	-0.01	-0.07	-0.01	0.06	-0.06	-0.07
Cash Interest Paid	2.09	1.91	0.44	0.21	0.76	1.29
Levered Free Cash Flow	30.66	-17.87	8.21	49.64	-18.47	12.03
Unlevered Free Cash Flow	33.34	-15.91	8.51	49.8	-17.96	12.89
Change in Working Capital	9.51	-12.43	0.59	37.51	-21.47	-12.43

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.