QSE:QISI 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	152.67	128.46	142.8	101.34	83.08
Depreciation & Amortization	2.39	2.13	2.19	1.99	2.05
Other Amortization	0.02	0.03	0.05	0.07	0.13
Gain (Loss) on Sale of Assets	-0	-	-	-	-
Gain (Loss) on Sale of Investments	-2.1	0.06	0.53	5.77	23.5
Change in Accounts Receivable	-	-	-15.99	-29.47	0.7
Reinsurance Recoverable	33.5	22.63	-23.18	-30	37.48
Change in Unearned Revenue	5.65	15.24	-	-	-
Change in Insurance Reserves / Liabilities	-78.02	49.44	25.12	94.77	-42.27
Change in Other Net Operating Assets	5.02	12.58	22.94	-0.46	-8.44
Other Operating Activities	10.76	-83.1	-71.89	8.22	45.23
Operating Cash Flow	111.45	136.54	89.22	153.6	143.04
Operating Cash Flow Growth	-18.38%	53.03%	-41.91%	7.38%	59.78%
Capital Expenditures	-4.03	-4.25	-4.4	-6.23	-1.06
Sale of Property, Plant & Equipment	0	-	-	-	-
Investment in Securities	-31.36	-11.89	-91.17	-93.46	-80.77
Other Investing Activities	14.53	9.53	5.53	1.51	0.25
Investing Cash Flow	-20.87	-6.61	-90.04	-98.37	-81.81
Total Debt Repaid	-0.5	-0.45	-0.43	-0.41	-0.57
Net Debt Issued (Repaid)	-0.5	-0.45	-0.43	-0.41	-0.57
Common Dividends Paid	-76.57	-80.41	-66.88	-58.48	-50.35
Other Financing Activities	-	-	-	-	-12.55
Financing Cash Flow	-77.07	-80.86	-67.31	-58.89	-63.48
Miscellaneous Cash Flow Adjustments	-	-	-	0.03	-
Net Cash Flow	13.51	49.07	-68.13	-3.64	-2.25
Free Cash Flow	107.41	132.29	84.82	147.37	141.98
Free Cash Flow Growth	-18.80%	55.96%	-42.44%	3.80%	63.04%
Free Cash Flow Margin	20.26%	21.40%	22.84%	42.89%	49.13%
Free Cash Flow Per Share	0.72	0.88	0.56	0.98	0.95
Cash Interest Paid	0.02	0.03	0.05	0.09	0.13
Levered Free Cash Flow	117.88	-362.89	94.84	109.44	57.69
Unlevered Free Cash Flow	117.89	-362.88	94.86	114.45	57.77
Change in Working Capital	-33.86	99.91	8.89	34.83	-12.53

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