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	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	269.12	250.9	220.21	217.48	198.48	190.69
Depreciation & Amortization	58.65	55	47.57	51.02	43.13	38.58
Other Amortization	6.42	4.54	3.08	4.39	0.48	-
Loss (Gain) From Sale of Assets	1	0.86	-0.26	2.51	6.46	-0.01
Stock-Based Compensation	5.34	2.85	7.31	-	-	-
Provision & Write-off of Bad Debts	-1.1	0.31	0.62	0.68	-	-
Other Operating Activities	-2.45	-10.28	32.78	-5.2	17.55	17.64
Change in Accounts Receivable	-20.18	-13.8	0.48	-4.48	-2.36	-
Change in Inventory	-31.12	-10.78	-37.61	-5.43	1.89	-11.42
Change in Accounts Payable	32.3	11.21	4.79	-16.6	78.3	-7.28
Change in Other Net Operating Assets	-4.48	15.12	28.54	-11.89	-28.89	26.82
Operating Cash Flow	313.5	305.94	307.51	232.48	315.04	255.02
Operating Cash Flow Growth	16.92%	-0.51%	32.27%	-26.21%	23.54%	81.87%
Capital Expenditures	-66.71	-53.59	-119.14	-37.07	-37.6	-35.21
Sale of Property, Plant & Equipment	1.05	1.27	0.45	1.18	0.01	0.06
Sale (Purchase) of Intangibles	-3.22	-3.8	-0.71	-1.21	-1.1	-
Investing Cash Flow	-145.88	-56.11	-119.4	-37.1	-38.69	-35.15
Short-Term Debt Issued	-	-	10.38	-	-	-
Long-Term Debt Issued	-	144.45	-	-	-	-
Total Debt Issued	80	144.45	10.38	-	-	-
Long-Term Debt Repaid	-	-204.84	-145.68	-589.61	-23.2	-21.45
Net Debt Issued (Repaid)	-136.69	-60.39	-135.29	-589.61	-23.2	-21.45
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	-289.59	-249.39	-211.33	-219.08	-637.62	-21.45
Miscellaneous Cash Flow Adjustments	-	-	-	81.54	-	-
Net Cash Flow	-121.98	0.43	-23.22	57.84	-361.27	198.42
Free Cash Flow	246.79	252.35	188.36	195.41	277.44	219.81
Free Cash Flow Growth	37.65%	33.97%	-3.60%	-29.57%	26.22%	141.21%
Free Cash Flow Margin	22.93%	24.06%	19.54%	21.39%	34.64%	30.69%
Free Cash Flow Per Share	4.44	4.53	3.38	21.86	5.14	4.08
Cash Interest Paid	68.29	100.15	70.53	48.92	-	-
Levered Free Cash Flow	123.1	130.94	79.77	113.46	189.65	131.83
Unlevered Free Cash Flow	167.42	185.35	135.69	132.6	197.04	140.13
Change in Working Capital	-23.49	1.75	-3.8	-38.4	48.94	8.12

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