Halwani Bros. 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	42.61	44.67	-98.01	2.92	84.25
Depreciation & Amortization	37.91	38.21	41.11	45.42	46.6
Other Amortization	0.22	0.2	0.2	0.19	0.26
Loss (Gain) From Sale of Assets	-8.82	-0.22	-0.46	-8.66	-2.71
Asset Writedown & Restructuring Costs	2.25	-	3.75	-	-
Loss (Gain) From Sale of Investments	-	-	0.28	-0.33	-0.4
Provision & Write-off of Bad Debts	0.78	0.21	4.84	3.13	3.32
Other Operating Activities	34.89	16.01	22.78	11.87	2.56
Change in Accounts Receivable	0.12	9.92	53.25	-17.7	-45.25
Change in Inventory	26.4	-25.89	-27.88	-88.21	-17.55
Change in Accounts Payable	-12.94	5.76	55.33	22.59	4.86
Operating Cash Flow	123.4	88.86	55.18	-28.78	75.96
Operating Cash Flow Growth	38.87%	61.03%	-	-	-61.70%
Capital Expenditures	-15.36	-11.75	-6.87	-29.85	-23.89
Sale of Property, Plant & Equipment	10	0.28	1.96	0.39	6.11
Sale (Purchase) of Intangibles	-	-0.23	-0.27	-0.36	-1.82
Investment in Securities	-	-	-0.32	-	-
Investing Cash Flow	-5.36	-11.69	-5.5	-29.82	-19.6
Short-Term Debt Issued	-	-	-	18.29	-
Long-Term Debt Issued	403.85	818.88	797.44	889.01	569.91
Total Debt Issued	403.85	818.88	797.44	907.3	569.91
Short-Term Debt Repaid	-	-	-18.29	-	-
Long-Term Debt Repaid	-506.73	-937.44	-779.7	-743.26	-565.86
Total Debt Repaid	-506.73	-937.44	-797.99	-743.26	-565.86
Net Debt Issued (Repaid)	-102.88	-118.56	-0.55	164.05	4.04
Common Dividends Paid	-	-	-	-70.71	-47.14
Other Financing Activities	-27.67	-27.13	-21.13	-	-
Financing Cash Flow	-130.55	-145.69	-21.68	93.33	-43.1
Foreign Exchange Rate Adjustments	-7.4	-7.13	-14.57	-27.57	-0.07
Net Cash Flow	-19.9	-75.65	13.43	7.16	13.19
Free Cash Flow	108.05	77.12	48.31	-58.63	52.07
Free Cash Flow Growth	40.11%	59.62%	-	-	-71.01%
Free Cash Flow Margin	11.95%	7.96%	5.47%	-5.72%	4.77%
Free Cash Flow Per Share	3.06	2.18	1.37	-1.66	1.47
Cash Interest Paid	27.67	27.13	21.13	11.39	4.64
Cash Income Tax Paid	7.18	14.92	12.22	21.11	29.16
Levered Free Cash Flow	62.12	97.91	93.78	-15.67	30.85
Unlevered Free Cash Flow	79.86	114.33	109.93	-8.14	34.13
Change in Working Capital	13.57	-10.21	80.71	-83.32	-57.94

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