KWSE:KPROJ 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	16.33	15.65	30.03	25.26	17.46	Upgrade
Depreciation & Amortization	71.24	63.12	65.41	33.1	28.33	Upgrade
Gain (Loss) on Sale of Investments	16.8	13.19	65.02	210.98	15.78	Upgrade
Total Asset Writedown	-	-	-	-	15.13	Upgrade
Provision for Credit Losses	25.7	35.21	42.02	34.19	74.17	Upgrade
Change in Trading Asset Securities	53.91	-28.94	4.9	-58.51	-6.8	Upgrade
Change in Other Net Operating Assets	-1,579	-426.71	-208.81	-358.25	-246.6	Upgrade
Other Operating Activities	40.74	53.83	-65.56	-213.43	-85.54	Upgrade
Net Cash from Discontinued Operations	-	-	-	-	4.22	Upgrade
Operating Cash Flow	-1,346	-284.35	-77.94	-344.06	-227.54	Upgrade
Cash Acquisitions	0.01	2.52	24.42	-	33.63	Upgrade
Investment in Securities	-0.3	1.1	-1.52	61.47	-14.55	Upgrade
Income (Loss) Equity Investments	8.84	-8.87	-10.95	-16.86	-42.98	Upgrade
Divestitures	-	-	5.28	51.59	-	Upgrade
Other Investing Activities	2.75	184.68	66.56	11.12	15.33	Upgrade
Investing Cash Flow	-7.29	168.34	94.45	124.99	45.94	Upgrade
Long-Term Debt Issued	504.21	-	65.19	338.61	297.67	Upgrade
Long-Term Debt Repaid	-97.07	-223.93	-250.84	-	-350.34	Upgrade
Net Debt Issued (Repaid)	407.14	-223.93	-185.65	338.61	-52.67	Upgrade
Issuance of Common Stock	-	1.55	0.25	3.93	76.54	Upgrade
Repurchase of Common Stock	-	-0.58	-0.64	-	-	Upgrade
Common Dividends Paid	-0.44	-0.01	-0.31	-12.17	-9.05	Upgrade
Net Increase (Decrease) in Deposit Accounts	456.51	514.07	858.39	-10.86	89.25	Upgrade
Other Financing Activities	-104.72	-55.48	-2.57	-1.53	50.72	Upgrade
Financing Cash Flow	758.48	235.63	669.48	317.99	154.79	Upgrade
Foreign Exchange Rate Adjustments	-36.76	-14.41	-43.67	-34.23	-23.74	Upgrade
Net Cash Flow	-631.37	105.21	642.31	64.69	-50.56	Upgrade
Cash Interest Paid	614.08	623.45	449.71	259.08	224.42	Upgrade

Source: S&P Capital IQ. Banks template. Financial Sources.