Arabian Centres 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	Mar '21 Mar 31, 2021
Net Income	1,267	1,217	1,515	1,007	486.66
Depreciation & Amortization	29.38	16.14	16.78	29.74	548.56
Other Amortization	-	64.44	19.47	16.62	16.23
Gain (Loss) on Sale of Assets	-28.66	-	-238.67	23.27	-
Gain (Loss) on Sale of Investments	-4.22	-2.9	-7.04	-0.65	-42.48
Asset Writedown	-501.17	-565.28	-369.93	13.37	-
Income (Loss) on Equity Investments	4.65	7.09	10.87	18.2	-1.65
Change in Accounts Receivable	-291.56	-208.99	-153.28	-85.76	-494.87
Change in Accounts Payable	-6.54	-234.8	263.48	21.5	51.81
Change in Other Net Operating Assets	170.22	-229.19	-243.15	-141.26	55.43
Other Operating Activities	736.76	640.57	323.95	355.98	212.71
Operating Cash Flow	1,784	1,006	1,390	1,282	1,034
Operating Cash Flow Growth	77.22%	-27.61%	8.41%	24.02%	-11.54%
Acquisition of Real Estate Assets	-1,565	-1,689	-1,013	-882.19	-235.94
Sale of Real Estate Assets	300	50	671.92	233.24	-
Net Sale / Acq. of Real Estate Assets	-1,265	-1,639	-341.46	-648.95	-235.94
Investment in Marketable & Equity Securities	21.02	-16.04	-347.5	-5.33	250.15
Other Investing Activities	88.72	-283.77	-	-	-357.03
Investing Cash Flow	-1,158	-1,939	-688.97	-654.27	-342.82
Long-Term Debt Issued	4,936	8,429	708.35	-	-
Total Debt Issued	4,936	8,429	708.35	773.23	-
Long-Term Debt Repaid	-190.98	-5,336	-135.36	-	-324.86
Total Debt Repaid	-190.98	-5,336	-135.36	-260.12	-324.86
Net Debt Issued (Repaid)	4,745	3,094	572.99	513.11	-324.86
Issuance of Common Stock	320.27	826.2	390.75	-	-
Repurchase of Common Stock	-320.13	-827.04	-393.71	-	-
Common Dividends Paid	-534.38	-661.43	-1,064	-712.5	-475
Other Financing Activities	-1,213	-913.56	-732.41	-480.38	-301.35
Net Cash Flow	3,623	585.35	-525.45	-51.68	-410.01
Cash Interest Paid	-	173.16	159.27	128.13	292.69
Levered Free Cash Flow	1,369	617.58	1,336	-	1,037
Unlevered Free Cash Flow	1,456	676.84	1,397	-	1,139
Change in Working Capital	-35.72	-692.43	-69.86	-247.7	-324.36

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