Qatar National Cement Company (Q.P.S.C.) (QSE:QNCD)

QSE:QNCD Cash Flow Statement

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

Operating Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	100.4	100.28	159.83	205.1	227.1	224.53
Depreciation & Amortization	47.55	34.17	48.93	112.53	113.2	114.97
Loss (Gain) From Sale of Assets	-1.89	-1.89	-5.33	-	-	-0
Asset Writedown & Restructuring Costs	-	-	-	-	-	13.88
Loss (Gain) on Equity Investments	-0.87	-1.6	-1.09	-3.6	-3.38	-1.83
Provision & Write-off of Bad Debts	11.26	11.26	0.47	0.41	0.67	0.08
Other Operating Activities	-45.46	-47.16	-51.55	-73.04	-44.27	-21.57
Change in Accounts Receivable	-21.76	2.3	63.73	91.65	-38.39	-24.95
Change in Inventory	52.56	144.19	-14.99	-246.9	12.8	160.67
Change in Accounts Payable	9.7	-37.12	-62.97	-48.76	-9.79	52.68
Operating Cash Flow	151.49	204.24	136.31	37.39	257.95	518.47
Operating Cash Flow Growth	-40.38%	49.84%	264.59%	-85.51%	-50.25%	53.50%

Investing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Capital Expenditures	-39.69	-56.81	-11.8	-15.6	-6.72	-3.85
Sale of Property, Plant & Equipment	0.15	0.15	7.53	-	-	0.04
Sale (Purchase) of Intangibles	-0.29	-0.73	-1.1	-0.27	-	-
Investment in Securities	26.38	42.46	-227.51	27.08	-296.5	-3.25
Other Investing Activities	36.98	36.91	49.84	57.42	35.36	22.92
Investing Cash Flow	23.53	21.98	-183.04	68.64	-267.86	15.86

Financing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Long-Term Debt Repaid	-	-0.54	-	-	-	-
Net Debt Issued (Repaid)	-0.31	-0.54	-	-	-	-
Common Dividends Paid	-146.51	-179.29	-196.79	-196.06	-196.06	-130.71
Financing Cash Flow	-146.84	-179.83	-196.79	-196.06	-196.06	-130.71

Net Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Cash Flow	28.17	46.39	-243.51	-90.03	-205.96	403.63

Free Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Free Cash Flow	111.8	147.43	124.51	21.79	251.23	514.62
Free Cash Flow Growth	-50.50%	18.40%	471.42%	-91.33%	-51.18%	58.61%
Free Cash Flow Margin	26.92%	36.94%	31.36%	4.73%	35.45%	62.42%
Free Cash Flow Per Share	0.17	0.23	0.19	0.03	0.38	0.79
Levered Free Cash Flow	85.22	153.25	123.73	9.16	225.73	451.09
Unlevered Free Cash Flow	85.59	153.58	123.9	9.16	225.73	451.09

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Change in Working Capital	40.5	109.37	-14.23	-204.01	-35.37	188.4

Data Source: S&P Global Market Intelligence Last updated: Jun 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Jul 28, 2026

Data Sources Report a data error