Almarai Company 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	2,456	2,313	2,049	1,760	1,564
Depreciation & Amortization	2,436	2,378	2,402	2,343	2,072
Other Amortization	67.99	62.27	59.7	69.69	93.74
Loss (Gain) From Sale of Assets	105.54	91.76	87.97	88.16	128.48
Asset Writedown & Restructuring Costs	14.89	12.22	9.98	-26.54	-2.48
Loss (Gain) From Sale of Investments	-75.42	-	-	82.92	-
Loss (Gain) on Equity Investments	1.22	1.77	1.06	-1.02	0.94
Stock-Based Compensation	40.03	37.16	30.82	12.27	20.37
Other Operating Activities	607.02	926.71	781.81	381.23	426.92
Change in Accounts Receivable	-112.05	11.74	-458.95	-218.59	-67.38
Change in Inventory	-312.09	348.42	-1,064	-1,065	349.46
Change in Accounts Payable	266.59	-143.11	591.07	412.64	358.17
Change in Other Net Operating Assets	-33.03	-11.16	-7.89	-9.01	-28.31
Operating Cash Flow	5,463	6,028	4,483	3,830	4,915
Operating Cash Flow Growth	-9.38%	34.49%	17.05%	-22.08%	16.94%
Capital Expenditures	-5,387	-4,834	-3,601	-2,190	-2,129
Sale of Property, Plant & Equipment	372.54	424.51	302.1	271.42	290.97
Cash Acquisitions	-1,010	-	-	-68.6	-
Sale (Purchase) of Intangibles	-39.68	-60.5	-24.52	-33.34	-57.18
Investment in Securities	99.24	1,876	-1,856	32.88	80.94
Other Investing Activities	-1.18	-27.5	-	-	0.3
Investing Cash Flow	-5,966	-2,622	-5,180	-1,988	-1,814
Long-Term Debt Issued	24,780	14,768	16,099	16,233	10,660
Total Debt Issued	24,780	14,768	16,099	16,233	10,660
Long-Term Debt Repaid	-22,615	-16,698	-13,736	-16,419	-12,216
Net Debt Issued (Repaid)	2,165	-1,931	2,364	-186.32	-1,556
Issuance of Common Stock	10.26	64.01	273.32	5.55	29.15
Common Dividends Paid	-985.51	-986.88	-980.58	-979.57	-978.19
Other Financing Activities	-694.54	-685.89	-835.18	-700.8	-518.31
Financing Cash Flow	495.13	-3,539	821.15	-1,861	-3,024
Foreign Exchange Rate Adjustments	2.94	-5.63	-4.31	-14.93	0.41
Net Cash Flow	-5.18	-138.12	119.42	-34	77.4
Free Cash Flow	75.93	1,194	881.47	1,640	2,786
Free Cash Flow Growth	-93.64%	35.46%	-46.24%	-41.14%	6.53%
Free Cash Flow Margin	0.34%	5.69%	4.50%	8.76%	17.58%
Free Cash Flow Per Share	0.08	1.19	0.88	1.64	2.79
Cash Interest Paid	686.51	650.76	637.53	445.32	356.82
Levered Free Cash Flow	-1,588	-354.44	-346.04	389.69	1,811
Unlevered Free Cash Flow	-1,291	-2.76	13.77	657.02	2,041
Change in Working Capital	-190.59	205.88	-939.71	-880.13	611.94

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