The First Milling 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	277.44	250.9	220.21	217.48	198.48
Depreciation & Amortization	61.21	55	47.57	51.02	43.13
Other Amortization	9.73	4.54	3.08	4.39	0.48
Loss (Gain) From Sale of Assets	-	0.86	-0.26	2.51	6.46
Stock-Based Compensation	11.9	2.85	7.31	-	-
Provision & Write-off of Bad Debts	-0.31	0.31	0.62	0.68	-
Other Operating Activities	3.49	-10.28	32.78	-5.2	17.55
Change in Accounts Receivable	-13.05	-13.8	0.48	-4.48	-2.36
Change in Inventory	2.52	-10.78	-37.61	-5.43	1.89
Change in Accounts Payable	-1.05	11.21	4.79	-16.6	78.3
Change in Other Net Operating Assets	-9.79	15.12	28.54	-11.89	-28.89
Operating Cash Flow	342.1	305.94	307.51	232.48	315.04
Operating Cash Flow Growth	11.82%	-0.51%	32.27%	-26.21%	23.54%
Capital Expenditures	-81.92	-53.59	-119.14	-37.07	-37.6
Sale of Property, Plant & Equipment	-	1.27	0.45	1.18	0.01
Cash Acquisitions	-99.07	-	-	-	-
Sale (Purchase) of Intangibles	-3.18	-3.8	-0.71	-1.21	-1.1
Investing Cash Flow	-184.17	-56.11	-119.4	-37.1	-38.69
Short-Term Debt Issued	120	-	10.38	-	-
Long-Term Debt Issued	49.05	144.45	-	-	-
Total Debt Issued	169.05	144.45	10.38	-	-
Short-Term Debt Repaid	-80	-	-	-	-
Long-Term Debt Repaid	-194.39	-204.84	-145.68	-589.61	-23.2
Total Debt Repaid	-274.39	-204.84	-145.68	-589.61	-23.2
Net Debt Issued (Repaid)	-105.34	-60.39	-135.29	-589.61	-23.2
Issuance of Common Stock	-	-	-	550	-
Repurchase of Common Stock	-	-25.32	-	-	-
Common Dividends Paid	-152.9	-163.67	-76.04	-179.47	-614.42
Financing Cash Flow	-258.24	-249.39	-211.33	-219.08	-637.62
Foreign Exchange Rate Adjustments	1.09	-	-	-	-
Miscellaneous Cash Flow Adjustments	-	-	-	81.54	-
Net Cash Flow	-99.23	0.43	-23.22	57.84	-361.27
Free Cash Flow	260.18	252.35	188.36	195.41	277.44
Free Cash Flow Growth	3.10%	33.97%	-3.60%	-29.57%	26.22%
Free Cash Flow Margin	22.70%	24.06%	19.54%	21.39%	34.64%
Free Cash Flow Per Share	4.67	4.53	3.38	21.86	5.14
Cash Interest Paid	66.87	102.91	70.53	48.92	-
Levered Free Cash Flow	159.07	150.36	79.77	113.46	189.65
Unlevered Free Cash Flow	198.19	204.78	135.69	132.6	197.04
Change in Working Capital	-21.37	1.75	-3.8	-38.4	48.94

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