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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	477.69	454.98	332.34	328.06	72.39	98.47
Depreciation & Amortization	25.31	13.08	43.19	38.08	32.31	23.37
Other Amortization	4.06	4.06	-	-	-	-
Gain (Loss) on Sale of Investments	-0.01	-0.01	-0.46	0.39	12.41	-26.92
Stock-Based Compensation	6.59	6.59	-	-	-	-
Change in Accounts Receivable	-731.32	-2,091	-4,952	-1,069	29.88	210.11
Reinsurance Recoverable	114.75	34.41	-28.55	-293.14	78.39	-171.95
Change in Unearned Revenue	-	-	-	-	-	-30.9
Change in Insurance Reserves / Liabilities	212.39	1,580	4,924	2,058	273.89	172.08
Change in Other Net Operating Assets	-84.12	28.19	105.54	-42.11	-40.12	-48.17
Other Operating Activities	-42.05	-60.15	-73.7	14.62	1.3	-3.53
Operating Cash Flow	-497.45	-384.95	-454.68	1,012	470.66	177.5
Operating Cash Flow Growth	-	-	-	114.93%	165.16%	-54.98%
Capital Expenditures	-10.08	-13.68	-9.57	-11.04	-28.88	-32.56
Purchase / Sale of Intangible Assets	-121.36	-133.73	-117.38	-49.06	-	-
Investment in Securities	381.11	444.29	375.49	-534.63	-330.45	-526.65
Other Investing Activities	-	-	-	-60	-4.1	-
Investing Cash Flow	249.67	296.88	248.53	-654.73	-363.43	-559.2
Total Debt Repaid	-12.16	-9.47	-8.88	-10.57	-7.9	-12.32
Net Debt Issued (Repaid)	-12.16	-9.47	-8.88	-10.57	-7.9	-12.32
Repurchases of Common Stock	-35.67	-35.67	-	-	-	-
Financing Cash Flow	-47.83	-45.14	-8.88	-10.57	-7.9	-12.32
Net Cash Flow	-295.6	-133.22	-215.02	346.29	99.34	-394.02
Free Cash Flow	-507.53	-398.64	-464.25	1,001	441.79	144.95
Free Cash Flow Growth	-	-	-	126.48%	204.80%	-58.25%
Free Cash Flow Margin	-9.13%	-7.76%	-9.64%	27.73%	17.12%	6.07%
Free Cash Flow Per Share	-5.08	-3.99	-4.64	10.01	4.42	1.45
Levered Free Cash Flow	-926.79	-2,238	-5,819	-1,151	-2,449	93.27
Unlevered Free Cash Flow	-793.15	-2,179	-5,776	-1,103	-2,449	93.27
Change in Working Capital	-977.39	-813.1	-756.04	629.3	342.04	110.91

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