QSE:QFLS 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	1,040	1,052	983.96	1,070	974.03
Depreciation & Amortization	233.51	238.26	247.87	221.48	221.9
Other Amortization	5.78	4.59	2.92	1.68	1.08
Loss (Gain) From Sale of Assets	0.48	-1.23	-5.22	0.3	0.36
Asset Writedown & Restructuring Costs	0.65	-1.12	-0.17	0.51	1.5
Provision & Write-off of Bad Debts	1.36	-1.17	-15.53	-15.12	-13.28
Other Operating Activities	-209.26	-367.39	-298.12	-200.58	-146.31
Change in Accounts Receivable	189.23	167.81	-38.56	213.92	-204.79
Change in Inventory	78.7	-38.76	117.06	-258.26	-137.89
Change in Accounts Payable	-198.95	172.07	90.21	88.18	179.86
Change in Other Net Operating Assets	-84.32	-346.7	52.32	877.17	580.01
Operating Cash Flow	1,057	878.81	1,137	1,999	1,456
Operating Cash Flow Growth	20.30%	-22.69%	-43.14%	37.27%	-
Capital Expenditures	-72.65	-62.72	-136.77	-347.07	-146.4
Sale of Property, Plant & Equipment	1.09	18.05	33.86	17.15	-
Sale (Purchase) of Intangibles	-1.14	-7.89	-2.76	-6.8	-1.29
Sale (Purchase) of Real Estate	-	-0.25	-8.74	-12.81	-11.2
Investment in Securities	-138.97	-1,234	-90.66	799.14	-1,102
Other Investing Activities	343	393.12	316.22	233.41	180.64
Investing Cash Flow	131.32	-893.78	111.16	683.02	-1,080
Long-Term Debt Repaid	-62.01	-38.72	-60.76	-49.61	-46.86
Net Debt Issued (Repaid)	-62.01	-38.72	-60.76	-49.61	-46.86
Common Dividends Paid	-994.26	-1,293	-894.83	-755.63	-457.36
Other Financing Activities	-79.84	-46.58	-40	-48	-48
Financing Cash Flow	-1,136	-1,378	-995.59	-853.24	-552.22
Net Cash Flow	52.4	-1,393	252.32	1,829	-175.84
Free Cash Flow	984.54	816.09	999.98	1,652	1,310
Free Cash Flow Growth	20.64%	-18.39%	-39.48%	26.12%	-
Free Cash Flow Margin	3.79%	2.91%	3.58%	5.52%	6.71%
Free Cash Flow Per Share	0.99	0.82	1.01	1.66	1.32
Cash Interest Paid	39.84	6.58	-	-	-
Cash Income Tax Paid	1.51	2.44	1.92	1.69	1.8
Levered Free Cash Flow	550.41	477.92	638.47	1,198	907.69
Unlevered Free Cash Flow	575.31	482.03	638.47	1,198	908.69
Change in Working Capital	-15.34	-45.57	221.03	921.01	417.2

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