KWSE:SHIP 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	9.82	9.07	7.11	5.63	6.38	Upgrade
Depreciation & Amortization	6.57	5.41	5	4.47	7.45	Upgrade
Loss (Gain) From Sale of Assets	-0.2	-0.87	-0.9	-0.83	-0.21	Upgrade
Loss (Gain) From Sale of Investments	-0.01	0.3	-0.63	0.05	0.46	Upgrade
Other Operating Activities	5.26	0.57	3.33	3.2	1.01	Upgrade
Change in Accounts Receivable	-22.56	-16.64	5.29	-1.02	5.59	Upgrade
Change in Inventory	-8.26	-1.76	-2.95	-0.48	11.03	Upgrade
Change in Accounts Payable	19.11	1.61	12.19	1.9	-15.49	Upgrade
Change in Unearned Revenue	-1.37	1.58	0.06	-0.01	-0.45	Upgrade
Operating Cash Flow	8.35	-0.73	28.51	12.91	15.76	Upgrade
Operating Cash Flow Growth	-	-	120.78%	-18.05%	84.36%	Upgrade
Capital Expenditures	-7.46	-9.7	-13.31	-11.6	-1.53	Upgrade
Sale of Property, Plant & Equipment	0.46	1.1	1.4	1.24	0.52	Upgrade
Investment in Securities	-	0.11	-0.19	-	-	Upgrade
Other Investing Activities	0.4	0.12	0.12	0.11	0.15	Upgrade
Investing Cash Flow	-6.6	-8.38	-11.98	-10.26	-0.87	Upgrade
Long-Term Debt Issued	12.44	17.77	2.5	6.41	2	Upgrade
Long-Term Debt Repaid	-5.15	-2.85	-14.93	-3.7	-11.21	Upgrade
Net Debt Issued (Repaid)	7.29	14.92	-12.43	2.71	-9.21	Upgrade
Common Dividends Paid	-6.2	-5.35	-3.6	-3.6	-4.28	Upgrade
Other Financing Activities	-1.97	-1.59	-1.58	-0.92	-0.91	Upgrade
Financing Cash Flow	-0.88	7.98	-17.61	-1.81	-14.4	Upgrade
Net Cash Flow	0.87	-1.12	-1.08	0.85	0.49	Upgrade
Free Cash Flow	0.89	-10.43	15.19	1.31	14.22	Upgrade
Free Cash Flow Growth	-	-	1061.81%	-90.81%	145.18%	Upgrade
Free Cash Flow Margin	0.43%	-6.40%	10.34%	1.06%	11.06%	Upgrade
Free Cash Flow Per Share	0.01	-0.06	0.08	0.01	0.08	Upgrade
Cash Interest Paid	-	1.59	1.58	0.92	0.91	Upgrade
Levered Free Cash Flow	-5.67	-12.9	8.08	-11.59	12.01	Upgrade
Unlevered Free Cash Flow	-4.21	-11.79	9.14	-10.95	12.56	Upgrade
Change in Working Capital	-13.08	-15.21	14.59	0.39	0.68	Upgrade

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