SEDCO Capital REIT Fund 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	79.25	14.41	33.56	41.11	-35.44
Depreciation & Amortization	45.72	34.19	31.97	29.13	16.19
Asset Writedown	-33.97	24	4.3	26.84	60.15
Change in Accounts Receivable	-50.5	-35.05	-37.57	-5.58	-11.83
Change in Other Net Operating Assets	2.73	8.43	24.3	-25.82	-10.02
Other Operating Activities	100.84	63.3	60.33	13.33	13.71
Operating Cash Flow	178.95	114.24	116.08	78.72	46.77
Operating Cash Flow Growth	56.64%	-1.59%	47.46%	68.33%	102.63%
Acquisition of Real Estate Assets	-963.92	-1.67	-533.63	-182.39	-346.93
Sale of Real Estate Assets	100.75	-	-	-	-
Net Sale / Acq. of Real Estate Assets	-863.17	-1.67	-533.63	-182.39	-346.93
Investing Cash Flow	-863.17	-1.67	-533.63	-182.39	-346.93
Long-Term Debt Issued	845.18	167.5	-	975	135
Long-Term Debt Repaid	-90.47	-58.16	-58.49	-834.96	-7.82
Net Debt Issued (Repaid)	754.7	109.34	-58.49	140.04	127.18
Issuance of Common Stock	-	-	694.44	-	250
Common Dividends Paid	-71.29	-97.31	-91.82	-71.88	-35.55
Other Financing Activities	-	-	-94.44	-	-
Net Cash Flow	-0.8	124.61	32.14	-35.5	41.47
Levered Free Cash Flow	156.64	32.7	28.94	51.06	70.64
Unlevered Free Cash Flow	219.66	72.26	64.7	72.64	78.44
Change in Working Capital	-15.89	-27.66	-18.08	-35.18	-8.1

Updated Dec 31, 2024. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.