Malath Cooperative Insurance Company (TADAWUL:8020)

Veren Cash Flow Statement

Financials in millions SAR. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	31.85	26.89	38.19	-41.38	-85.66	7.55
Depreciation & Amortization	2.39	3.09	2.38	3.53	1.62	1.36
Other Amortization	-	-	-	-	0.34	0.34
Gain (Loss) on Sale of Investments	0	0	0.02	-0.02	-2.91	-11.76
Change in Accounts Receivable	-	-	-	-	-25.71	-19.54
Reinsurance Recoverable	11.13	-18.91	22.65	-18.01	6.79	33.04
Change in Unearned Revenue	-	-	-	-	95.6	-18.37
Change in Insurance Reserves / Liabilities	345.07	205.66	-152.6	-17.47	-34.04	-3.84
Change in Other Net Operating Assets	-4.09	44.77	-21.88	-57.31	-59.37	-4.17
Other Operating Activities	11.06	-8.62	0.05	2.05	-4.26	-10.35
Operating Cash Flow	397.41	250.6	-108.91	-128.62	-60.14	-5.88
Capital Expenditures	-0.06	-0.76	-0.84	-0.65	-4.7	-0.46
Investment in Securities	-305.15	-186.45	-114.62	-9.25	-15.85	396.15
Other Investing Activities	-	-	-1.4	-	-	-
Investing Cash Flow	-305.21	-187.22	-116.87	-9.91	-20.55	395.68
Total Debt Repaid	-0.58	-0.98	-0.18	-0.75	-	-
Net Debt Issued (Repaid)	-0.58	-0.98	-0.18	-0.75	-	-
Financing Cash Flow	-0.58	-0.98	-0.18	-0.75	-	-
Miscellaneous Cash Flow Adjustments	0	-	-	-	-	-
Net Cash Flow	91.61	62.4	-225.96	-139.27	-80.69	389.8
Free Cash Flow	397.35	249.83	-109.75	-129.27	-64.84	-6.35
Free Cash Flow Margin	31.95%	25.67%	-12.18%	-13.88%	-7.82%	-0.80%
Free Cash Flow Per Share	7.95	5.00	-2.19	-2.58	-1.30	-0.13
Levered Free Cash Flow	-314.54	-202.08	-94.23	-799.99	74.01	438.57
Unlevered Free Cash Flow	-314.54	-202.08	-94.23	-799.99	74.01	438.57
Change in Working Capital	352.11	229.24	-149.55	-92.8	23.69	3.82

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