Naqi Water Company Cash Flow Statement

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

Millions SAR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	-0.11	-2.69	30.18	42.95	48.71	77.28
Depreciation & Amortization	22.97	22.91	24.76	23.87	22.01	18.42
Other Amortization	0.13	0.13	-	-	-	-
Loss (Gain) From Sale of Assets	-0.8	-0.8	-3.46	0.07	-	-
Loss (Gain) From Sale of Investments	11.78	13.7	-0.43	-	-	-
Provision & Write-off of Bad Debts	3.62	3.74	1.13	0.59	0.88	-
Other Operating Activities	0.68	0.56	2	2.09	6.38	1.24
Change in Accounts Receivable	1.71	5.63	-0.05	-6.88	-7.57	-11.18
Change in Inventory	-2.11	2.49	1.67	0.47	-0.13	-6.28
Change in Accounts Payable	1.01	-5.14	0.77	-1.55	7.11	-0.73
Change in Other Net Operating Assets	7.1	9.79	-11.51	1.85	-5.83	3.95
Operating Cash Flow	45.97	50.34	45.06	63.47	71.56	82.69
Operating Cash Flow Growth	25.77%	11.72%	-29.00%	-11.32%	-13.46%	0.11%
Capital Expenditures	-50.1	-46.37	-33.75	-15.76	-5.86	-35.03
Sale of Property, Plant & Equipment	2.66	2.66	9.73	0.67	-	0.06
Sale (Purchase) of Intangibles	-	-	-0.22	-4.06	-0.02	-0.47
Sale (Purchase) of Real Estate	-	-	-	-7.35	-	-
Investment in Securities	-52.26	-60.92	-5.76	-	-	-
Investing Cash Flow	-99.7	-104.63	-29.99	-26.49	-5.88	-35.45
Long-Term Debt Repaid	-	-6.37	-5.77	-5.56	-4.73	-3.89
Net Debt Issued (Repaid)	-5.24	-6.37	-5.77	-5.56	-4.73	-3.89
Common Dividends Paid	-	-	-10	-40	-10	-34
Other Financing Activities	-0.1	-0.1	-0.5	-0.67	-0.76	-1.2
Financing Cash Flow	-5.33	-6.47	-16.27	-46.23	-15.49	-39.1
Net Cash Flow	-59.07	-60.76	-1.2	-9.26	50.2	8.15
Free Cash Flow	-4.13	3.97	11.31	47.71	65.71	47.65
Free Cash Flow Growth	-	-64.86%	-76.29%	-27.39%	37.88%	35.61%
Free Cash Flow Margin	-2.13%	2.13%	5.16%	19.98%	23.11%	17.15%
Free Cash Flow Per Share	-0.21	0.20	0.56	2.38	3.29	2.38
Cash Interest Paid	0.1	0.1	0.5	0.67	0.76	1.2
Levered Free Cash Flow	-10.82	-2.84	-1.67	24.59	45.94	15.82
Unlevered Free Cash Flow	-10.64	-2.66	-1.23	25.13	46.41	16.56
Change in Working Capital	7.7	12.78	-9.12	-6.11	-6.41	-14.25

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