Saudi Steel Pipes Company Cash Flow Statement

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

Millions SAR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	169.99	180.63	173.05	54.21	0.93	-34.48
Depreciation & Amortization	87.65	79.2	56.35	42.49	45.48	43.53
Loss (Gain) From Sale of Assets	-0.1	-0.1	-0.05	-0.02	-19.37	-0.6
Asset Writedown & Restructuring Costs	-	-	-	0.11	0.04	-
Loss (Gain) From Sale of Investments	-	-	9.68	-	-	-
Loss (Gain) on Equity Investments	-	-	-3.12	-9.17	5.23	-4.77
Provision & Write-off of Bad Debts	-1	-1.08	2.04	0.26	-1.2	-0.03
Other Operating Activities	10.22	51.43	7.51	6.53	-24.42	-23.7
Change in Accounts Receivable	49.97	-236.5	146.06	81.94	22.87	75.16
Change in Inventory	-171.7	189.26	-200.22	-132.6	9.53	24.36
Change in Accounts Payable	-65.91	-233.26	77.59	19.01	-0.83	-43.23
Change in Other Net Operating Assets	-2.76	6.83	46.59	-74.57	4.33	10.44
Operating Cash Flow	76.33	36.55	315.36	-12.15	61.84	46.75
Operating Cash Flow Growth	-78.31%	-88.41%	-	-	32.27%	-4.70%
Capital Expenditures	-33.67	-41.44	-7.79	-1.77	-6.64	-15.53
Sale of Property, Plant & Equipment	0.15	0.1	0.38	0.06	35.53	0.88
Cash Acquisitions	-	-	-15.41	-	-	-
Other Investing Activities	211.48	-	-	-	-	-
Investing Cash Flow	177.96	-41.34	-22.81	-1.71	28.89	-14.65
Long-Term Debt Issued	-	12.69	-	-	-	79.04
Total Debt Issued	12.69	12.69	-	-	-	79.04
Long-Term Debt Repaid	-	-3.35	-162.71	-6.17	-140.42	-1.6
Net Debt Issued (Repaid)	-25.9	9.34	-162.71	-6.17	-140.42	77.45
Common Dividends Paid	-50.54	-37.5	-	-	-	-
Financing Cash Flow	-225.54	-28.16	-162.71	-6.17	-140.42	77.45
Net Cash Flow	28.74	-32.95	129.83	-20.04	-49.69	109.55
Free Cash Flow	42.66	-4.89	307.57	-13.93	55.2	31.22
Free Cash Flow Growth	-86.60%	-	-	-	76.78%	-27.90%
Free Cash Flow Margin	3.30%	-0.30%	23.04%	-1.86%	14.78%	6.58%
Free Cash Flow Per Share	0.84	-0.10	6.03	-0.27	1.09	0.62
Cash Interest Paid	38.79	44.82	31.96	13.62	6.88	9.81
Levered Free Cash Flow	-15.56	-51.17	123.36	-25.94	65.27	66.87
Unlevered Free Cash Flow	3.24	-30.76	143.77	-19.02	69.66	70.55
Change in Working Capital	-190.41	-273.66	70.03	-106.22	35.9	66.73

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.