TADAWUL:8020 Cash Flow Statement

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

Millions SAR. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	26.93	26.89	38.19	-41.38	-85.66	7.55
Depreciation & Amortization	2.06	3.09	2.38	3.53	1.62	1.36
Other Amortization	-	-	-	-	0.34	0.34
Gain (Loss) on Sale of Investments	-0.11	0	0.02	-0.02	-2.91	-11.76
Change in Accounts Receivable	-	-	-	-	-25.71	-19.54
Reinsurance Recoverable	-35.96	-18.91	22.65	-18.01	6.79	33.04
Change in Unearned Revenue	-	-	-	-	95.6	-18.37
Change in Insurance Reserves / Liabilities	217.21	205.66	-152.6	-17.47	-34.04	-3.84
Change in Other Net Operating Assets	6.65	44.77	-21.88	-57.31	-59.37	-4.17
Other Operating Activities	12.02	-8.62	0.05	2.05	-4.26	-10.35
Operating Cash Flow	204	250.6	-108.91	-128.62	-60.14	-5.88
Operating Cash Flow Growth	72.14%	-	-	-	-	-
Capital Expenditures	-0.43	-0.76	-0.84	-0.65	-4.7	-0.46
Investment in Securities	-207.97	-186.45	-114.62	-9.25	-15.85	396.15
Other Investing Activities	-	-	-1.4	-	-	-
Investing Cash Flow	-208.39	-187.22	-116.87	-9.91	-20.55	395.68
Total Debt Repaid	-0.59	-0.98	-0.18	-0.75	-	-
Net Debt Issued (Repaid)	-0.59	-0.98	-0.18	-0.75	-	-
Financing Cash Flow	-0.59	-0.98	-0.18	-0.75	-	-
Net Cash Flow	-4.98	62.4	-225.96	-139.27	-80.69	389.8
Free Cash Flow	203.58	249.83	-109.75	-129.27	-64.84	-6.35
Free Cash Flow Growth	71.69%	-	-	-	-	-
Free Cash Flow Margin	15.17%	25.67%	-12.18%	-13.88%	-7.82%	-0.80%
Free Cash Flow Per Share	4.07	5.00	-2.19	-2.58	-1.30	-0.13
Levered Free Cash Flow	-222.98	-202.08	-94.23	-799.99	74.01	438.57
Unlevered Free Cash Flow	-222.98	-202.08	-94.23	-799.99	74.01	438.57
Change in Working Capital	187.9	229.24	-149.55	-92.8	23.69	3.82

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