KWSE:INJAZZAT Cash Flow Statement

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

Millions KWD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	2020 - 2016
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	2020 - 2016
Net Income	2.64	3.02	2.35	2.94	2.85	Upgrade
Depreciation & Amortization	0.14	0.14	0.15	0.17	0.17	Upgrade
Gain (Loss) on Sale of Assets	-	-1.03	-0.44	-3.06	-1.74	Upgrade
Gain (Loss) on Sale of Investments	-0.19	-1.07	-0.05	0.42	0.08	Upgrade
Asset Writedown	-1.04	-0.33	-0.89	0.53	-1.02	Upgrade
Income (Loss) on Equity Investments	-0.8	-0.91	-1.03	-1.83	-0.82	Upgrade
Change in Accounts Receivable	0.79	-0.74	8.66	-7.1	-1.72	Upgrade
Change in Accounts Payable	1.41	-2.55	2.66	-3.31	0.51	Upgrade
Other Operating Activities	0.5	0.88	0.62	0.7	0.78	Upgrade
Operating Cash Flow	3.45	-2.6	12.03	-10.53	-0.91	Upgrade
Acquisition of Real Estate Assets	-5.66	-2.49	-1.11	-9.94	-2.79	Upgrade
Sale of Real Estate Assets	-	9.94	1.81	17.19	5.01	Upgrade
Net Sale / Acq. of Real Estate Assets	-5.66	7.45	0.7	7.26	2.23	Upgrade
Investment in Marketable & Equity Securities	3.39	-0.08	0.27	1.99	0.36	Upgrade
Other Investing Activities	1.6	1.56	1.78	1.09	0.93	Upgrade
Investing Cash Flow	-0.67	8.93	2.75	10.34	3.52	Upgrade
Long-Term Debt Issued	-	10	-	7.5	3.08	Upgrade
Long-Term Debt Repaid	-0.15	-10.14	-7.18	-4.62	-2.73	Upgrade
Net Debt Issued (Repaid)	-0.15	-0.14	-7.18	2.88	0.35	Upgrade
Issuance of Common Stock	0.11	-	-	-	1.78	Upgrade
Repurchase of Common Stock	-0.01	-	-	-0.01	-0.96	Upgrade
Common Dividends Paid	-1.69	-1.69	-1.69	-1.69	-	Upgrade
Other Financing Activities	-1.94	-2.05	-2.22	-1.69	-1	Upgrade
Foreign Exchange Rate Adjustments	-0.09	-	-0.03	-0.08	0.06	Upgrade
Net Cash Flow	-0.99	2.45	3.66	-0.8	2.84	Upgrade
Cash Interest Paid	1.94	2.05	2.22	1.69	1	Upgrade
Cash Income Tax Paid	0.12	0.05	0.08	0.77	0.03	Upgrade
Levered Free Cash Flow	2.81	-1.67	12.18	-0.61	1.02	Upgrade
Unlevered Free Cash Flow	3.89	-0.53	13.47	0.58	1.98	Upgrade
Change in Working Capital	2.2	-3.3	11.31	-10.4	-1.21	Upgrade

Source: S&P Capital IQ. Real Estate template. Financial Sources.