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	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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	140.72	79.25	14.41	33.56	41.11	-35.44
Depreciation & Amortization	56.9	45.72	34.19	31.97	29.13	16.19
Asset Writedown	-62.82	-33.97	24	4.3	26.84	60.15
Change in Accounts Receivable	-8.62	-50.5	-35.05	-37.57	-5.58	-11.83
Change in Other Net Operating Assets	-7.87	2.73	8.43	24.3	-25.82	-10.02
Other Operating Activities	117.53	100.84	63.3	60.33	13.33	13.71
Operating Cash Flow	188.41	178.95	114.24	116.08	78.72	46.77
Operating Cash Flow Growth	42.43%	56.64%	-1.59%	47.46%	68.33%	102.63%
Acquisition of Real Estate Assets	-368.49	-963.92	-1.67	-533.63	-182.39	-346.93
Sale of Real Estate Assets	100.75	100.75	-	-	-	-
Net Sale / Acq. of Real Estate Assets	-267.74	-863.17	-1.67	-533.63	-182.39	-346.93
Investing Cash Flow	-269.34	-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)	59.89	754.7	109.34	-58.49	140.04	127.18
Issuance of Common Stock	-	-	-	694.44	-	250
Common Dividends Paid	-77.16	-71.29	-97.31	-91.82	-71.88	-35.55
Other Financing Activities	-	-	-	-94.44	-	-
Net Cash Flow	-98.2	-0.8	124.61	32.14	-35.5	41.47
Levered Free Cash Flow	17.71	156.64	32.7	28.94	51.06	70.64
Unlevered Free Cash Flow	91.16	219.66	72.26	64.7	72.64	78.44
Change in Working Capital	-28.32	-15.89	-27.66	-18.08	-35.18	-8.1