TADAWUL:2081 Cash Flow Statement

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

Millions SAR. 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	255.74	230	140.02	107.44	103.33
Depreciation & Amortization	64.55	56.04	48.84	36.32	22.63
Loss (Gain) on Sale of Assets	-0.67	-2.2	-0.28	-1.2	-1.01
Loss (Gain) on Equity Investments	13.56	13.44	5.75	-2.12	-
Asset Writedown	-	1.12	-	-	-
Change in Accounts Receivable	-770.56	-477.83	-298.56	-171.56	-164.79
Change in Inventory	10.24	5.63	-72.66	-20.74	-5.19
Change in Accounts Payable	239.26	282.24	271.81	25.9	24.14
Change in Other Net Operating Assets	-115.65	40.11	-125.05	41.55	-0.38
Other Operating Activities	62.61	24.59	30.92	10.04	9.6
Operating Cash Flow	-240.39	195.41	3.71	31.89	-8.82
Operating Cash Flow Growth	-	5165.75%	-88.36%	-	-
Capital Expenditures	-56.45	-91.7	-53.83	-195.34	-100.46
Sale of Property, Plant & Equipment	1.95	2.84	1.42	2.68	2.86
Sale (Purchase) of Intangibles	-	-2.18	-	-	-
Investment in Securities	-	-0.05	-	0.25	-
Other Investing Activities	-0.26	-6.42	-3.68	-5.39	-1.03
Investing Cash Flow	-54.76	-97.5	-56.08	-197.8	-98.62
Long-Term Debt Issued	932.75	879.24	528.61	1,167	346.38
Long-Term Debt Repaid	-643.54	-724	-491.72	-883.41	-229.4
Total Debt Repaid	-643.54	-724	-491.72	-883.41	-229.4
Net Debt Issued (Repaid)	289.21	155.24	36.88	283.65	116.98
Common Dividends Paid	-52.5	-	-	-75	-37.5
Other Financing Activities	-6.04	-	-	-0.13	-11.07
Financing Cash Flow	230.67	155.24	36.88	208.52	68.41
Net Cash Flow	-64.47	253.15	-15.49	42.61	-39.03
Free Cash Flow	-296.84	103.71	-50.12	-163.44	-109.28
Free Cash Flow Margin	-12.00%	5.31%	-2.98%	-19.88%	-19.20%
Free Cash Flow Per Share	-8.48	2.96	-1.43	-4.67	-3.12
Cash Interest Paid	47.58	45.66	37.56	19.2	3.76
Levered Free Cash Flow	200.09	256.48	-47.76	-254.3	-141.16
Unlevered Free Cash Flow	238.66	285.2	-23.03	-242.3	-138.81
Change in Working Capital	-636.71	-149.85	-224.47	-124.85	-146.22

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