TADAWUL:9523 Cash Flow Statement

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

Millions SAR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	144.84	38.52	9.37	-24.38	35.11
Depreciation & Amortization	22.47	21.77	21.57	21.39	21.44
Loss (Gain) From Sale of Assets	-	-	-0.02	-	-
Provision & Write-off of Bad Debts	127.43	0.44	2.26	2.01	-9.41
Other Operating Activities	16.83	-5.86	-10.29	-9.45	7.09
Change in Accounts Receivable	1.73	-299.69	-4.89	176.54	-108.55
Change in Inventory	-57.88	28.03	38.24	-168.17	136.24
Change in Accounts Payable	98.78	-12.59	-99.69	108.77	-88.72
Change in Unearned Revenue	-110.54	187.17	-	-	-
Change in Other Net Operating Assets	60.7	119.65	69.06	-2.73	14.8
Operating Cash Flow	304.35	77.44	25.61	103.99	8
Operating Cash Flow Growth	293.03%	202.37%	-75.37%	1199.58%	-92.58%
Capital Expenditures	-8.12	-2.94	-2.77	-2.09	-8.2
Sale of Property, Plant & Equipment	-	-	0.02	-	-
Other Investing Activities	-	19.27	41.15	44.19	-
Investing Cash Flow	-8.12	16.33	38.41	42.1	-8.2
Short-Term Debt Issued	1,669	287.16	572.29	101.18	1,335
Long-Term Debt Issued	40.61	-	-	-	474.53
Total Debt Issued	1,710	287.16	572.29	101.18	1,809
Short-Term Debt Repaid	-1,939	-60.66	-565.58	-159.36	-1,232
Long-Term Debt Repaid	-86.2	-66.54	-63.87	-55.17	-537.51
Total Debt Repaid	-2,025	-127.2	-629.45	-214.53	-1,769
Net Debt Issued (Repaid)	-314.87	159.95	-57.16	-113.35	40.2
Common Dividends Paid	-14	-	-	-	-
Other Financing Activities	-55.9	-41.92	-	-87.81	-
Financing Cash Flow	-384.77	118.03	-57.16	-201.16	40.2
Miscellaneous Cash Flow Adjustments	-	-	0.1	-	-
Net Cash Flow	-88.54	211.8	6.96	-55.07	40.01
Free Cash Flow	296.23	74.5	22.85	101.9	-0.19
Free Cash Flow Growth	297.63%	226.10%	-77.58%	-	-
Free Cash Flow Margin	14.60%	7.63%	5.02%	44.20%	-0.03%
Free Cash Flow Per Share	10.58	2.66	0.82	3.64	-0.01
Cash Interest Paid	48.33	55.87	40.65	20.18	31.99
Levered Free Cash Flow	245.1	-17.79	48.12	47.14	104.08
Unlevered Free Cash Flow	276.79	20.22	78.65	68.33	123.49
Change in Working Capital	-7.21	22.56	2.71	114.42	-46.23

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