Fourth 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	180.97	170.93	142.82	164.92	50.06	44.55
Depreciation & Amortization	54.07	52.55	54.78	45.73	42.35	39.83
Other Amortization	0.63	0.63	0.03	0.04	0.06	0.09
Loss (Gain) From Sale of Assets	0.64	0.37	-	0.02	-	-0.02
Asset Writedown & Restructuring Costs	1.74	4.4	-	-	-	-
Provision & Write-off of Bad Debts	-0.8	-0.22	0.72	0.17	-	-
Other Operating Activities	-5.95	15.23	-2.45	28.67	16.32	13.68
Change in Accounts Receivable	-8.67	-2.98	-3.14	-2.95	-	-
Change in Inventory	-12.87	-0.97	11.76	15.64	-1.33	5.22
Change in Accounts Payable	-16.61	10.94	-5.9	-0.73	-52.23	-64.4
Change in Unearned Revenue	-1.99	-0.65	1.11	3.89	-	-
Change in Other Net Operating Assets	-2.35	12.06	-32.5	-0.83	2.41	-6.33
Operating Cash Flow	188.82	262.3	167.22	254.57	57.64	32.61
Operating Cash Flow Growth	-30.28%	56.86%	-34.31%	341.66%	76.77%	-
Capital Expenditures	-24.77	-13.99	-9.27	-23.68	-18.69	-25.48
Sale of Property, Plant & Equipment	0.6	0.53	-	0.43	-	0.36
Sale (Purchase) of Intangibles	-0.58	-1.58	-0.88	-50.35	-2.08	-0.32
Investment in Securities	29.11	-74.06	-	-	-	-
Other Investing Activities	-7.65	6.7	5.73	-	-	-
Investing Cash Flow	-3.3	-82.39	-4.42	-73.6	-20.77	-25.44
Long-Term Debt Repaid	-	-12.29	-14.88	-7.31	-19.74	-17.52
Net Debt Issued (Repaid)	-12.21	-12.29	-14.88	-7.31	-19.74	-17.52
Common Dividends Paid	-178.1	-140.11	-198.35	-61.33	-	-
Other Financing Activities	-11.24	-11.43	-7.88	-14.93	-	-
Financing Cash Flow	-201.55	-163.84	-221.11	-83.57	-19.74	-17.52
Net Cash Flow	-16.03	16.07	-58.32	97.41	17.13	-10.35
Free Cash Flow	164.05	248.31	157.95	230.89	38.94	7.13
Free Cash Flow Growth	-36.90%	57.21%	-31.59%	492.87%	446.24%	-
Free Cash Flow Margin	25.37%	39.48%	28.30%	39.92%	11.58%	2.07%
Free Cash Flow Per Share	0.30	0.46	0.29	0.49	0.08	0.01
Cash Interest Paid	11.24	11.43	7.88	14.93	-	-
Cash Income Tax Paid	8.42	-	-	0.12	-	-
Levered Free Cash Flow	108.18	176.84	111.33	111.22	1.61	-
Unlevered Free Cash Flow	115.21	183.98	116.25	120.55	11.17	-
Change in Working Capital	-42.48	18.4	-28.67	15.02	-51.16	-65.51

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