TADAWUL:8230 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	336.95	332.34	328.06	72.39	98.47	227.05
Depreciation & Amortization	24.73	21.56	38.08	32.31	23.37	15.74
Other Amortization	21.63	21.63	-	-	-	-
Gain (Loss) on Sale of Investments	-0.25	-0.46	0.39	12.41	-26.92	-12.77
Change in Accounts Receivable	-3,940	-4,952	-1,069	29.88	210.11	-258.27
Reinsurance Recoverable	-19.34	-28.55	-293.14	78.39	-171.95	-87.39
Change in Unearned Revenue	-	-	-	-	-30.9	87.86
Change in Insurance Reserves / Liabilities	3,718	4,924	2,058	273.89	172.08	50.26
Change in Other Net Operating Assets	-22.01	105.54	-42.11	-40.12	-48.17	299.08
Other Operating Activities	-81.2	-73.7	14.62	1.3	-3.53	3.15
Operating Cash Flow	-597.12	-454.68	1,012	470.66	177.5	394.29
Operating Cash Flow Growth	-	-	114.93%	165.16%	-54.98%	185.50%
Capital Expenditures	-12.64	-9.57	-11.04	-28.88	-32.56	-47.08
Purchase / Sale of Intangible Assets	-151.39	-117.38	-49.06	-	-	-10.67
Investment in Securities	752.87	375.49	-534.63	-330.45	-526.65	64.37
Other Investing Activities	-	-	-60	-4.1	-	-
Investing Cash Flow	588.83	248.53	-654.73	-363.43	-559.2	6.61
Total Debt Repaid	-5.96	-8.88	-10.57	-7.9	-12.32	-6.68
Net Debt Issued (Repaid)	-5.96	-8.88	-10.57	-7.9	-12.32	-6.68
Financing Cash Flow	-41.64	-8.88	-10.57	-7.9	-12.32	-6.68
Net Cash Flow	-49.92	-215.02	346.29	99.34	-394.02	394.23
Free Cash Flow	-609.76	-464.25	1,001	441.79	144.95	347.21
Free Cash Flow Growth	-	-	126.48%	204.80%	-58.25%	181.25%
Free Cash Flow Margin	-11.99%	-9.64%	27.73%	17.12%	6.07%	14.24%
Free Cash Flow Per Share	-6.10	-4.64	10.01	4.42	1.45	3.47
Levered Free Cash Flow	-4,570	-5,819	-1,151	-2,449	93.27	100.79
Unlevered Free Cash Flow	-4,527	-5,776	-1,103	-2,449	93.27	100.79
Change in Working Capital	-901.03	-756.04	629.3	342.04	110.91	131.26

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.