Vodafone Qatar P.Q.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	701.6	600.66	540.04	502.38	327.4
Depreciation & Amortization	575.95	557.2	529.06	533.54	527.48
Other Amortization	141.63	108.41	101.44	101.44	100.26
Loss (Gain) From Sale of Assets	-	-	-	-	0.67
Loss (Gain) on Equity Investments	-5.4	-	-	-	-
Provision & Write-off of Bad Debts	44.36	31.35	23.7	43.25	28.75
Other Operating Activities	17.24	18.36	24.81	49.98	4.78
Change in Accounts Receivable	-124.04	-21.43	112.05	-360.26	-181.24
Change in Inventory	-11.93	-16.29	4.29	-3.49	-12.88
Change in Accounts Payable	128.18	-116.44	-78.03	198.09	66.04
Change in Other Net Operating Assets	10.13	-28.62	2.97	-4.99	5.06
Operating Cash Flow	1,478	1,133	1,260	1,060	866.32
Operating Cash Flow Growth	30.40%	-10.09%	18.91%	22.35%	28.86%
Capital Expenditures	-402.59	-384.96	-376.43	-587.13	-340.9
Sale of Property, Plant & Equipment	0.08	0.37	-	-	0.17
Cash Acquisitions	-	-1	-3.58	-	-
Sale (Purchase) of Intangibles	-171.48	-95.1	-105.71	-104.38	-90.94
Other Investing Activities	-	-14.78	-19.65	-19.77	-
Investing Cash Flow	-573.99	-495.48	-505.37	-711.28	-431.67
Long-Term Debt Issued	325	440	450	310	380
Long-Term Debt Repaid	-404.12	-609.97	-852.33	-410.89	-584.21
Total Debt Repaid	-404.12	-609.97	-852.33	-410.89	-584.21
Net Debt Issued (Repaid)	-79.12	-169.97	-402.33	-100.89	-204.21
Common Dividends Paid	-508.89	-469.16	-419.54	-250.49	-215.79
Other Financing Activities	1.65	4.19	-3.16	-3.13	4.44
Financing Cash Flow	-586.36	-634.94	-825.03	-354.51	-415.56
Net Cash Flow	317.38	2.8	-70.06	-5.87	19.1
Free Cash Flow	1,075	748.25	883.91	472.79	525.42
Free Cash Flow Growth	43.69%	-15.35%	86.96%	-10.02%	143.17%
Free Cash Flow Margin	31.20%	23.46%	28.41%	15.42%	20.80%
Free Cash Flow Per Share	0.25	0.18	0.21	0.11	0.12
Cash Interest Paid	26.46	33.49	41.93	27.06	30.76
Cash Income Tax Paid	61.84	52.55	56.48	-	-
Levered Free Cash Flow	676.65	395.97	629.13	354.15	374.67
Unlevered Free Cash Flow	702.7	428.39	668.65	380.47	403.07
Change in Working Capital	2.33	-182.77	41.29	-170.66	-123.02

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