Tamar Petroleum Cash Flow Statement

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

Millions USD. 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	44.33	58.56	49.51	33.82	39.68	88.26
Depreciation & Amortization	46.21	41.94	38.54	43.71	35.93	40.23
Other Amortization	4.89	5.06	5.24	5.46	5.97	6.71
Stock-Based Compensation	0.45	0.44	1	0.27	0.01	0.07
Other Operating Activities	62.41	62.62	-1.57	101.81	57.45	40.45
Change in Accounts Receivable	-3.95	-21.32	-9.6	-13.83	-3.8	6.66
Change in Accounts Payable	6.68	8.88	6.58	-3.49	7.79	-2.42
Change in Other Net Operating Assets	-3.37	-	-	-	-3.82	-0.52
Operating Cash Flow	157.66	156.18	89.7	167.76	139.21	179.45
Operating Cash Flow Growth	10.66%	74.12%	-46.53%	20.51%	-22.43%	-19.66%
Capital Expenditures	-45.09	-66.54	-40.23	-6.12	-2.41	-11.12
Investment in Securities	37.29	20.56	12.62	-58.49	-0.41	-4.24
Other Investing Activities	-8.33	-1.39	5.87	0.95	-1.9	-0.8
Investing Cash Flow	-16.13	-47.36	-21.74	-63.65	-4.71	-16.16
Long-Term Debt Repaid	-	-58.02	-57.57	-56.74	-81.67	-104.89
Total Debt Repaid	-60.99	-58.02	-57.57	-56.74	-81.67	-104.89
Net Debt Issued (Repaid)	-60.99	-58.02	-57.57	-56.74	-81.67	-104.89
Common Dividends Paid	-30	-24	-20	-18	-7	-
Other Financing Activities	-33.36	-36.28	-38.63	-41.28	-44.62	-49.5
Financing Cash Flow	-124.35	-118.3	-116.21	-116.02	-133.29	-154.39
Foreign Exchange Rate Adjustments	0.59	0.53	1.77	1.03	0.12	0.14
Net Cash Flow	17.77	-8.95	-46.48	-10.88	1.33	9.04
Free Cash Flow	112.57	89.64	49.47	161.65	136.8	168.33
Free Cash Flow Growth	17.56%	81.19%	-69.39%	18.16%	-18.73%	-20.95%
Free Cash Flow Margin	42.95%	34.04%	21.14%	63.55%	67.96%	79.35%
Free Cash Flow Per Share	1.26	1.00	0.56	1.83	1.55	1.90
Cash Interest Paid	33.36	36.28	38.63	41.28	44.62	49.5
Cash Income Tax Paid	0.05	0.05	30.33	-25.73	0.62	14.92
Levered Free Cash Flow	66.72	30.72	51.64	44.32	95.2	100.74
Unlevered Free Cash Flow	84.01	49.86	73.58	69.88	120.57	128.04
Change in Working Capital	-0.64	-12.44	-3.02	-17.32	0.18	3.73

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