KWSE:RASIYAT 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	2.45	0.97	0.61	0.21	0.36	Upgrade
Depreciation & Amortization	1.77	1.42	0.83	0.77	0.48	Upgrade
Gain (Loss) on Sale of Assets	-	-	0.04	-	-0	Upgrade
Gain (Loss) on Sale of Investments	-0.25	-0.47	-0.19	-0.05	-0	Upgrade
Asset Writedown	-0.62	-0.04	-0.02	-0.39	0.08	Upgrade
Income (Loss) on Equity Investments	0	0	0.01	0	-0.01	Upgrade
Change in Accounts Receivable	-4.21	1.59	-0.3	-0.31	0.01	Upgrade
Change in Accounts Payable	-0.69	-0.89	0.28	-0.15	-0.51	Upgrade
Other Operating Activities	1.33	0.5	0.25	0.36	0.27	Upgrade
Operating Cash Flow	-0.21	3.07	1.51	0.44	0.68	Upgrade
Operating Cash Flow Growth	-	103.81%	246.17%	-36.45%	-	Upgrade
Acquisition of Real Estate Assets	-0.7	-0.54	-0.56	-0.33	-0.21	Upgrade
Sale of Real Estate Assets	0	-	-	-	0	Upgrade
Net Sale / Acq. of Real Estate Assets	-0.69	-0.54	-0.56	-0.33	-0.21	Upgrade
Cash Acquisition	-0.42	-6.99	-	-	-2.19	Upgrade
Investment in Marketable & Equity Securities	0.1	-	-	0.02	0	Upgrade
Other Investing Activities	0.29	0.21	0.16	0.04	0.31	Upgrade
Investing Cash Flow	0.06	-6.71	0.21	-0.27	-2.08	Upgrade
Long-Term Debt Issued	1.35	9.75	1	-	1.36	Upgrade
Long-Term Debt Repaid	-3.97	-1.59	-0.55	-0.57	-	Upgrade
Net Debt Issued (Repaid)	-2.62	8.16	0.45	-0.57	1.36	Upgrade
Other Financing Activities	-0.78	-0.55	-0.26	-0.12	-0.09	Upgrade
Foreign Exchange Rate Adjustments	-0	0.01	-0.01	0.01	-0.02	Upgrade
Net Cash Flow	-3.55	3.98	1.9	-0.5	-0.15	Upgrade
Cash Interest Paid	0.64	0.55	0.16	0.12	0.09	Upgrade
Levered Free Cash Flow	-1.45	4.3	0.7	0.33	0.3	Upgrade
Unlevered Free Cash Flow	-1.04	4.65	0.8	0.42	0.36	Upgrade
Change in Working Capital	-4.89	0.7	-0.02	-0.46	-0.51	Upgrade

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