QSE:QLMI 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	65.55	65.05	76.28	73.24	106.17
Depreciation & Amortization	1.53	1.67	1.12	0.83	1
Gain (Loss) on Sale of Assets	-	-	0.04	-	-
Gain (Loss) on Sale of Investments	-1.37	-3.51	-5.37	-2.89	-10.16
Change in Accounts Receivable	400.65	-22.87	-30.55	-15.5	-96.8
Reinsurance Recoverable	-444.73	-9.3	9.45	-0.37	-
Change in Insurance Reserves / Liabilities	-	-	-	-	-47.92
Change in Other Net Operating Assets	49.02	38.49	42.15	8.83	145.21
Other Operating Activities	-51.4	-52.22	-50.26	-39.5	-27.63
Operating Cash Flow	19.27	17.31	42.86	25.82	69.39
Operating Cash Flow Growth	11.29%	-59.61%	66.01%	-62.79%	-6.33%
Capital Expenditures	-0.93	-0.91	-2.7	-1.52	-1.46
Sale of Property, Plant & Equipment	0.06	0.06	0.03	0.01	0.03
Investment in Securities	358.36	-124.11	-146.56	202.47	-89.03
Other Investing Activities	63.29	66.99	67.64	43.47	30.03
Investing Cash Flow	420.78	-57.97	-81.59	244.42	-60.43
Short-Term Debt Issued	-	18.65	-	77.6	72.85
Total Debt Issued	-	18.65	-	77.6	72.85
Total Debt Repaid	-106.89	-	-138.57	-	-
Net Debt Issued (Repaid)	-106.89	18.65	-138.57	77.6	72.85
Common Dividends Paid	-35.11	-45.3	-44.39	-72.34	-
Other Financing Activities	-12.88	-16.18	-18.3	-9.04	-2.37
Financing Cash Flow	-154.88	-42.83	-201.26	-3.79	70.49
Net Cash Flow	285.16	-83.49	-239.99	266.45	79.44
Free Cash Flow	18.33	16.4	40.16	24.29	67.93
Free Cash Flow Growth	11.76%	-59.15%	65.31%	-64.24%	-8.13%
Free Cash Flow Margin	1.17%	1.26%	3.36%	1.93%	7.96%
Free Cash Flow Per Share	0.05	0.05	0.12	0.07	0.19
Cash Interest Paid	12.88	16.18	18.3	9.04	2.37
Cash Income Tax Paid	0.55	0.53	0.7	0.17	0.83
Levered Free Cash Flow	220.9	-48.85	-203.98	30.13	48.69
Unlevered Free Cash Flow	228.95	-38.74	-192.54	35.79	50.17
Change in Working Capital	4.95	6.32	21.05	-7.04	0.5

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