Baladna

Baladna Q.P.S.C

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Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Quarterly (QAR)

1-5

	Q4 2025Dec 31, 2025	Q3 2025Sep 30, 2025	Q2 2025Jun 30, 2025	Q1 2025Mar 31, 2025	Q4 2024Dec 31, 2024
Operations
Operating Cash Flow	0.06M	65.36M	173.07M	34.82M	-5.22M
Free Cash Flow	-100.24M	11.62M	130.33M	-30.45M	-46.21M
Capital Expenditures	-100.30M	-53.74M	-42.75M	-65.28M	-40.99M
Investing & Financing
Investing Cash Flow	-383.92M	-60.02M	-99.31M	-91.44M	-11.80M
Financing Cash Flow	676.27M	-37.38M	-1.50M	25.31M	11.96M
Dividends Paid	-0.25M	-0.25M	-0.25M	-0.34M	-0.41M
Operating Activities
Operating Cash Flow	0.06M	65.36M	173.07M	34.82M	-5.22M
Net Income	158.39M	50.34M	272.78M	58.23M	44.00M
Change in Accounts Payable	-0.94M	-5.72M	-12.42M	11.77M	-11.28M
Change in Accounts Receivable	-9.60M	-25.19M	91.25M	-39.14M	-24.69M
Change in Inventory	21.17M	9.48M	4.67M	-6.76M	-12.93M
Change in Other Net Operating Assets	-18.58M	13.96M	-0.05M	2.84M	44.76M
Change in Working Capital	-7.95M	-7.47M	83.45M	-31.29M	-4.13M
Other Operating Activities	-23.73M	12.66M	24.74M	-3.70M	-45.81M
Provision & Write-off of Bad Debts	-95.38K	6.66K	6.79K	6.50K	24.15K
Depreciation & Amortization	39.01M	38.95M	36.82M	36.79M	33.70M
Cash Interest Paid	31.83M	28.25M	27.96M	28.58M	31.41M
Cash Income Tax Paid	—	952.67K	—	—	—
Asset Writedown & Restructuring Costs	-14.78M	-14.01M	-13.67M	-13.95M	-13.29M
Investing Activities
Investing Cash Flow	-383.92M	-60.02M	-99.31M	-91.44M	-11.80M
Capital Expenditures	-100.30M	-53.74M	-42.75M	-65.28M	-40.99M
Cash Acquisitions	—	—	—	—	—
Investment in Securities	27.26M	-9.49M	-54.32M	-26.22M	-21.47M
Other Investing Activities	-373.74M	3.17M	-2.24M	—	—
Sale (Purchase) of Intangibles	-0.03M	—	—	—	-0.27M
Sale of Property, Plant & Equipment	62.89M	0.05M	—	0.06M	50.93M
Loss (Gain) From Sale of Assets	-181.70K	-31.66K	—	16.43K	-157.66K
Loss (Gain) on Sale of Investments	-150.60M	-15.08M	-231.05M	-11.28M	-19.55M
Financing Activities
Financing Cash Flow	676.27M	-37.38M	-1.50M	25.31M	11.96M
Common Dividends Paid	-0.25M	-0.25M	-0.25M	-0.34M	-0.41M
Long-Term Debt Issued	—	—	—	27.83M	—
Total Debt Issued	65.93M	340.85M	-27.83M	27.83M	59.90M
Long-Term Debt Repaid	—	—	—	-2.25M	—
Total Debt Repaid	-0.08M	3.48M	-1.22M	-2.25M	-35.97M
Net Debt Issued (Repaid)	65.85M	344.32M	-29.05M	25.58M	23.93M
Other Financing Activities	610.66M	-381.45M	27.81M	0.07M	-11.56M
Free Cash Flow & Returns
Free Cash Flow	-100.24M	11.62M	130.33M	-30.45M	-46.21M
Free Cash Flow Growth	—	+4.2%	+265.8%	—	—
Free Cash Flow Margin	-30.7%	+3.9%	+41.8%	-9.2%	-16.1%
Free Cash Flow Per Share	-0.05	0.01	0.06	-0.02	-0.02
Levered Free Cash Flow	-50.22M	-11.71M	177.08M	-39.56M	-11.05M
Unlevered Free Cash Flow	-35.98M	1.00M	189.32M	-27.64M	1.00M
Operating Cash Flow Growth	—	+65.4%	+2,865.3%	-81.0%	—
Net Cash Flow	292.21M	-32.03M	72.27M	-31.30M	-5.06M
Foreign Exchange Rate Adjustments	-198.96K	—	—	—	—

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Quarterly (QAR)

1-5

	Q4 2025Dec 31, 2025	Q3 2025Sep 30, 2025	Q2 2025Jun 30, 2025	Q1 2025Mar 31, 2025	Q4 2024Dec 31, 2024
Operations
Operating Cash Flow	0.06M	65.36M	173.07M	34.82M	-5.22M
Free Cash Flow	-100.24M	11.62M	130.33M	-30.45M	-46.21M
Capital Expenditures	-100.30M	-53.74M	-42.75M	-65.28M	-40.99M
Investing & Financing
Investing Cash Flow	-383.92M	-60.02M	-99.31M	-91.44M	-11.80M
Financing Cash Flow	676.27M	-37.38M	-1.50M	25.31M	11.96M
Dividends Paid	-0.25M	-0.25M	-0.25M	-0.34M	-0.41M
Operating Activities
Operating Cash Flow	0.06M	65.36M	173.07M	34.82M	-5.22M
Net Income	158.39M	50.34M	272.78M	58.23M	44.00M
Change in Accounts Payable	-0.94M	-5.72M	-12.42M	11.77M	-11.28M
Change in Accounts Receivable	-9.60M	-25.19M	91.25M	-39.14M	-24.69M
Change in Inventory	21.17M	9.48M	4.67M	-6.76M	-12.93M
Change in Other Net Operating Assets	-18.58M	13.96M	-0.05M	2.84M	44.76M
Change in Working Capital	-7.95M	-7.47M	83.45M	-31.29M	-4.13M
Other Operating Activities	-23.73M	12.66M	24.74M	-3.70M	-45.81M
Provision & Write-off of Bad Debts	-95.38K	6.66K	6.79K	6.50K	24.15K
Depreciation & Amortization	39.01M	38.95M	36.82M	36.79M	33.70M
Cash Interest Paid	31.83M	28.25M	27.96M	28.58M	31.41M
Cash Income Tax Paid	—	952.67K	—	—	—
Asset Writedown & Restructuring Costs	-14.78M	-14.01M	-13.67M	-13.95M	-13.29M
Investing Activities
Investing Cash Flow	-383.92M	-60.02M	-99.31M	-91.44M	-11.80M
Capital Expenditures	-100.30M	-53.74M	-42.75M	-65.28M	-40.99M
Cash Acquisitions	—	—	—	—	—
Investment in Securities	27.26M	-9.49M	-54.32M	-26.22M	-21.47M
Other Investing Activities	-373.74M	3.17M	-2.24M	—	—
Sale (Purchase) of Intangibles	-0.03M	—	—	—	-0.27M
Sale of Property, Plant & Equipment	62.89M	0.05M	—	0.06M	50.93M
Loss (Gain) From Sale of Assets	-181.70K	-31.66K	—	16.43K	-157.66K
Loss (Gain) on Sale of Investments	-150.60M	-15.08M	-231.05M	-11.28M	-19.55M
Financing Activities
Financing Cash Flow	676.27M	-37.38M	-1.50M	25.31M	11.96M
Common Dividends Paid	-0.25M	-0.25M	-0.25M	-0.34M	-0.41M
Long-Term Debt Issued	—	—	—	27.83M	—
Total Debt Issued	65.93M	340.85M	-27.83M	27.83M	59.90M
Long-Term Debt Repaid	—	—	—	-2.25M	—
Total Debt Repaid	-0.08M	3.48M	-1.22M	-2.25M	-35.97M
Net Debt Issued (Repaid)	65.85M	344.32M	-29.05M	25.58M	23.93M
Other Financing Activities	610.66M	-381.45M	27.81M	0.07M	-11.56M
Free Cash Flow & Returns
Free Cash Flow	-100.24M	11.62M	130.33M	-30.45M	-46.21M
Free Cash Flow Growth	—	+4.2%	+265.8%	—	—
Free Cash Flow Margin	-30.7%	+3.9%	+41.8%	-9.2%	-16.1%
Free Cash Flow Per Share	-0.05	0.01	0.06	-0.02	-0.02
Levered Free Cash Flow	-50.22M	-11.71M	177.08M	-39.56M	-11.05M
Unlevered Free Cash Flow	-35.98M	1.00M	189.32M	-27.64M	1.00M
Operating Cash Flow Growth	—	+65.4%	+2,865.3%	-81.0%	—
Net Cash Flow	292.21M	-32.03M	72.27M	-31.30M	-5.06M
Foreign Exchange Rate Adjustments	-198.96K	—	—	—	—