KWSE:UPAC 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	-1.2	0.96	1.53	0.63	0.91	Upgrade
Depreciation & Amortization	1.5	0.51	1.25	1.87	2.04	Upgrade
Loss (Gain) on Equity Investments	-	1.81	1.65	2.01	0.13	Upgrade
Provision & Write-off of Bad Debts	-0.09	0.05	-0.58	0.14	-0.5	Upgrade
Other Operating Activities	0.82	0.14	0.14	1.26	2.07	Upgrade
Change in Accounts Receivable	0.66	0.17	1.13	-0.42	1.38	Upgrade
Change in Accounts Payable	-1	-0.7	-3.03	-2.96	-0.74	Upgrade
Operating Cash Flow	0.68	2.93	5.17	2.53	5.29	Upgrade
Operating Cash Flow Growth	-76.70%	-43.20%	103.91%	-52.13%	193.17%	Upgrade
Capital Expenditures	-0.01	-0.01	-0	-0	-0	Upgrade
Sale (Purchase) of Intangibles	-0.76	-0.1	-0	-	-0.02	Upgrade
Other Investing Activities	28.35	-33.06	-36.74	-28.96	-16.22	Upgrade
Investing Cash Flow	27.58	-33.17	-36.74	-28.96	-16.25	Upgrade
Short-Term Debt Issued	-	33.3	33.82	29.22	16.39	Upgrade
Total Debt Issued	-	33.3	33.82	29.22	16.39	Upgrade
Short-Term Debt Repaid	-28.01	-	-	-	-	Upgrade
Long-Term Debt Repaid	-0.06	-0.12	-	-1.56	-1.48	Upgrade
Total Debt Repaid	-28.07	-0.12	-	-1.56	-1.48	Upgrade
Net Debt Issued (Repaid)	-28.07	33.18	33.82	27.66	14.91	Upgrade
Other Financing Activities	-1.03	-	-	-1.15	-1.38	Upgrade
Financing Cash Flow	-29.09	33.18	33.82	26.51	13.53	Upgrade
Net Cash Flow	-0.83	2.95	2.24	0.09	2.57	Upgrade
Free Cash Flow	0.68	2.92	5.16	2.53	5.29	Upgrade
Free Cash Flow Growth	-76.79%	-43.45%	104.03%	-52.15%	193.29%	Upgrade
Free Cash Flow Margin	17.98%	34.08%	50.93%	25.60%	68.86%	Upgrade
Free Cash Flow Per Share	0.00	0.01	0.01	0.01	0.01	Upgrade
Cash Interest Paid	-	-	-	1.15	1.38	Upgrade
Cash Income Tax Paid	0.22	0.08	0.07	0.22	-	Upgrade
Levered Free Cash Flow	-0.46	4.27	-76.78	66.43	20.02	Upgrade
Unlevered Free Cash Flow	0.33	4.55	-76.74	67.27	21.28	Upgrade
Change in Working Capital	-0.34	-0.53	-1.9	-3.38	0.64	Upgrade

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