TADAWUL:4003 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	497	527.9	390.46	440.17	396.83
Depreciation & Amortization	107.62	101.92	99.78	95.86	87.96
Other Amortization	16.69	16.51	14.79	13.15	13.1
Loss (Gain) From Sale of Assets	0.15	0.18	-0.09	-0.04	0.12
Asset Writedown & Restructuring Costs	2.03	0.06	0.05	0.74	0.42
Stock-Based Compensation	10.42	30.5	24.5	-	6.75
Other Operating Activities	-130.2	-178.63	-144.69	-111.94	-87.92
Change in Accounts Receivable	-19.45	11.67	-56.71	-11.89	-24.34
Change in Inventory	-77.51	-101	-107.8	122.89	-266.9
Change in Accounts Payable	52.49	157.53	86.04	-425.2	142.62
Change in Unearned Revenue	276.8	251.11	189.67	165.81	124.44
Change in Other Net Operating Assets	-768.64	-632.94	-370.42	-384.92	-435.61
Operating Cash Flow	92.23	277.98	195.82	-68.26	-17.04
Operating Cash Flow Growth	-66.82%	41.96%	-	-	-
Capital Expenditures	-59.23	-48.8	-43.78	-91.77	-37.2
Sale of Property, Plant & Equipment	0.16	0.26	0.31	0.45	0.62
Sale (Purchase) of Intangibles	-18.75	-13.06	-20.98	-12.86	-11.19
Investment in Securities	-30	-	-	-	-
Investing Cash Flow	-107.82	-61.6	-64.44	-104.18	-47.78
Short-Term Debt Issued	632	1,776	1,894	1,818	1,480
Long-Term Debt Issued	1,220	923.1	774.5	396	510
Total Debt Issued	1,852	2,699	2,668	2,214	1,990
Short-Term Debt Repaid	-632	-2,183	-2,077	-1,488	-1,590
Long-Term Debt Repaid	-910.97	-648.63	-450.05	-286.65	-108.71
Total Debt Repaid	-1,543	-2,832	-2,527	-1,775	-1,699
Net Debt Issued (Repaid)	309.03	-132.32	141.2	439.52	291.29
Repurchase of Common Stock	-237.95	-	-	-	-8
Common Dividends Paid	-380.97	-688.3	-266.64	-293.57	-230.07
Other Financing Activities	51.3	927.21	-	-	-
Financing Cash Flow	-258.59	106.59	-125.44	145.95	53.22
Net Cash Flow	-274.18	322.97	5.94	-26.49	-11.61
Free Cash Flow	33	229.18	152.04	-160.03	-54.24
Free Cash Flow Growth	-85.60%	50.73%	-	-	-
Free Cash Flow Margin	0.44%	3.38%	2.45%	-2.65%	-0.93%
Free Cash Flow Per Share	0.41	2.87	1.90	-2.00	-0.68
Cash Interest Paid	136.32	138.73	125.4	71.75	48.17
Levered Free Cash Flow	-46.2	229.62	115.81	-203.78	76.12
Unlevered Free Cash Flow	-17.28	267.13	154.63	-172.46	99.72
Change in Working Capital	-536.3	-313.63	-259.21	-533.32	-459.8

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