TADAWUL:8040 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	15.13	15.17	36.99	8.58	5.62	-27.35
Depreciation & Amortization	5.4	7.37	6.89	7.67	6.75	6.3
Gain (Loss) on Sale of Assets	-	-	-	-0.77	-0.14	-0
Gain (Loss) on Sale of Investments	-8.74	-27.13	-52.55	-5.05	-44.77	-13.54
Stock-Based Compensation	1.03	0.67	-	-	-	-
Change in Accounts Receivable	-60.67	2.99	19.34	80.41	54.17	13.46
Reinsurance Recoverable	-29.51	44.87	27.48	180.71	29.09	-37.73
Change in Unearned Revenue	-	-	-	-	59.65	-146.85
Change in Insurance Reserves / Liabilities	-138.2	-83	55.92	-269.98	-87.61	57.21
Change in Other Net Operating Assets	-53.14	-46.18	31.74	-0.06	-119.93	-56.65
Other Operating Activities	6.76	0.03	-9.87	6.62	2.61	-12.47
Operating Cash Flow	-93.82	-65.6	142.27	104.49	-0.16	-166.01
Operating Cash Flow Growth	-	-	36.15%	-	-	-
Capital Expenditures	-3.35	-5.57	-3.33	-3.03	-2.31	-4.77
Sale of Property, Plant & Equipment	-	-	-	0.77	0.14	0
Investment in Securities	23.41	32.16	-199.65	-64.8	-158.93	-3.75
Other Investing Activities	0.16	0.27	-	-	-	-
Investing Cash Flow	20.22	26.86	-202.97	-67.06	-161.09	-8.51
Total Debt Repaid	-0.55	-2.95	-3.52	-3.66	-2.81	-2.89
Net Debt Issued (Repaid)	-0.55	-2.95	-3.52	-3.66	-2.81	-2.89
Issuance of Common Stock	-	-	-	-	-	400
Repurchases of Common Stock	-0.4	-5.82	-4.18	-	-	-
Other Financing Activities	-	-	-	-	-	-46.4
Financing Cash Flow	-0.95	-8.77	-7.7	-3.66	-2.81	350.7
Net Cash Flow	-74.54	-47.52	-68.4	33.78	-164.07	176.18
Free Cash Flow	-97.17	-71.17	138.94	101.46	-2.47	-170.78
Free Cash Flow Growth	-	-	36.94%	-	-	-
Free Cash Flow Margin	-17.30%	-11.08%	22.43%	22.37%	-0.56%	-31.44%
Free Cash Flow Per Share	-1.63	-1.20	2.33	1.69	-0.04	-5.28
Cash Income Tax Paid	-	-	-	-	-	4.21
Levered Free Cash Flow	32.59	-30.98	75.7	37.38	-20.1	-236.77
Unlevered Free Cash Flow	32.59	-30.98	75.7	37.38	-20.1	-236.77
Change in Working Capital	-113.4	-61.71	160.81	87.46	25.51	-121.7

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