Nebras Energy Q.P.S.C. 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	1,361	1,416	1,551	1,711	1,468
Depreciation & Amortization	342.87	354.04	355.49	303.31	287.48
Other Amortization	7.42	11.46	0.77	3.39	-
Loss (Gain) on Sale of Assets	-	-	-114.61	86.08	-
Loss (Gain) on Equity Investments	-696.33	-680.16	-672.28	-669.42	-570.12
Asset Writedown	-	-	-	83.09	2.58
Change in Accounts Receivable	388.29	-313.92	-96.44	-212.5	-61.96
Change in Inventory	-6.02	3.48	-3.4	40.95	2.43
Change in Accounts Payable	-87.7	25.11	-41.7	244.25	-20.6
Change in Other Net Operating Assets	183.91	170.08	33.53	24.89	150.31
Other Operating Activities	92.51	102.89	95.48	-331.13	-21.99
Operating Cash Flow	1,585	1,093	1,095	1,252	1,236
Operating Cash Flow Growth	44.93%	-0.17%	-12.48%	1.26%	5.87%
Capital Expenditures	-815.31	-208.01	-50.95	-36.32	-42.44
Sale of Property, Plant & Equipment	0.11	0.08	240.58	185.08	-
Cash Acquisitions	-	-	-	1,210	-
Investment in Securities	342.14	-298.1	4,854	-3,880	-390.62
Other Investing Activities	878.99	1,153	988.56	773.07	657.99
Investing Cash Flow	405.92	646.89	6,032	-1,749	224.94
Long-Term Debt Issued	1,794	297.06	124.67	2,920	-
Short-Term Debt Repaid	-1,308	-287.41	-589.6	-38.78	-
Long-Term Debt Repaid	-1,024	-909.36	-4,420	-304.78	-632.85
Total Debt Repaid	-2,332	-1,197	-5,009	-343.56	-632.85
Net Debt Issued (Repaid)	-538.19	-899.71	-4,885	2,577	-632.85
Common Dividends Paid	-851.4	-1,221	-1,042	-880	-698.96
Other Financing Activities	-394.48	-471.95	-524.34	-302.52	-162.18
Financing Cash Flow	-1,784	-2,593	-6,451	1,394	-1,494
Foreign Exchange Rate Adjustments	-18.91	-15.06	-5.37	-44.34	-
Net Cash Flow	187.68	-867.35	671.5	853.04	-33.05
Free Cash Flow	769.42	885.47	1,044	1,215	1,194
Free Cash Flow Growth	-13.11%	-15.22%	-14.06%	1.82%	2.66%
Free Cash Flow Margin	26.31%	30.35%	36.82%	45.93%	50.13%
Free Cash Flow Per Share	0.70	0.81	0.95	1.10	1.08
Cash Interest Paid	363.5	450.81	498.46	273.36	109.33
Levered Free Cash Flow	-1,288	55.17	496.38	658.83	725.53
Unlevered Free Cash Flow	-1,066	317.05	808.4	827.67	797.26
Change in Working Capital	482.73	-116.98	-124.71	65.46	70.18

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