MAADEN

Saudi Arabian Mining Co.

1211StocksTadawulMaterials

Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (SAR)

1-5

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Operations
Operating Cash Flow	10.93B	10.32B	7.53B	15.94B	9.42B
Free Cash Flow	4.03B	6.01B	3.77B	13.42B	4.97B
Capital Expenditures	-6.90B	-4.31B	-3.76B	-2.51B	-4.45B
Investing & Financing
Investing Cash Flow	-10.12B	-3.20B	1.85B	-11.28B	-3.77B
Financing Cash Flow	-5.44B	-2.21B	-5.20B	-6.48B	-1.80B
Share Repurchase	—	-271.51M	-74.07M	—	—
Operating Activities
Operating Cash Flow	10.93B	10.32B	7.53B	15.94B	9.42B
Net Income	7.35B	2.87B	1.58B	9.32B	5.23B
Change in Accounts Payable	0.70B	0.15B	0.24B	1.03B	-0.25B
Change in Accounts Receivable	-1.65B	-0.19B	1.36B	-1.91B	-2.18B
Change in Inventory	-407.46M	327.38M	-308.72M	-57.21M	-992.54M
Change in Other Net Operating Assets	-0.22B	0.56B	0.50B	0.41B	1.90B
Change in Working Capital	-1.58B	0.85B	1.79B	-0.53B	-1.52B
Other Operating Activities	1.13B	0.45B	-0.87B	2.43B	1.34B
Provision & Write-off of Bad Debts	380.29M	165.92M	16.18M	-0.24M	3.38M
Depreciation & Amortization	4.52B	4.53B	5.15B	5.07B	4.73B
Other Amortization	184.58M	118.90M	147.75M	165.66M	173.26M
Stock-Based Compensation	72.90M	71.85M	19.39M	—	—
Cash Interest Paid	2.23B	2.56B	2.47B	1.51B	1.21B
Cash Income Tax Paid	36.09M	61.06M	153.39M	170.46M	13.76M
Loss (Gain) on Equity Investments	-1.21B	-0.18B	-0.32B	-0.55B	-0.73B
Asset Writedown & Restructuring Costs	0.09B	1.45B	0.01B	0.03B	0.19B
Investing Activities
Investing Cash Flow	-10.12B	-3.20B	1.85B	-11.28B	-3.77B
Capital Expenditures	-6.90B	-4.31B	-3.76B	-2.51B	-4.45B
Investment in Securities	-4.46B	-0.40B	4.37B	-8.99B	0.50B
Other Investing Activities	1.25B	1.52B	1.24B	0.22B	0.18B
Sale (Purchase) of Intangibles	-9.66M	-7.61M	-0.34M	-19.85M	-1.11M
Sale of Property, Plant & Equipment	—	—	5.11M	11.99M	1.78M
Financing Activities
Financing Cash Flow	-5.44B	-2.21B	-5.20B	-6.48B	-1.80B
Repurchase of Common Stock	—	-271.51M	-74.07M	—	—
Long-Term Debt Issued	10.37B	4.47B	1.53B	1.00B	1.54B
Long-Term Debt Repaid	-14.52B	-6.05B	-5.98B	-7.19B	-3.22B
Net Debt Issued (Repaid)	-4.15B	-1.58B	-4.44B	-6.19B	-1.68B
Other Financing Activities	-1.29B	-0.36B	-0.69B	-0.29B	-0.12B
Free Cash Flow & Returns
Free Cash Flow	4.03B	6.01B	3.77B	13.42B	4.97B
Free Cash Flow Growth	-32.9%	+59.5%	-72.0%	+170.1%	—
Free Cash Flow Margin	+10.4%	+18.5%	+12.9%	+33.3%	+18.6%
Free Cash Flow Per Share	1.05	1.63	1.02	3.64	1.35
Levered Free Cash Flow	3.11B	5.20B	4.37B	9.14B	2.76B
Unlevered Free Cash Flow	4.16B	6.56B	5.66B	9.93B	3.34B
Operating Cash Flow Growth	+5.9%	+37.0%	-52.8%	+69.2%	+144.6%
Net Cash Flow	-4.63B	4.91B	4.17B	-1.83B	3.85B

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (SAR)

1-5

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Operations
Operating Cash Flow	10.93B	10.32B	7.53B	15.94B	9.42B
Free Cash Flow	4.03B	6.01B	3.77B	13.42B	4.97B
Capital Expenditures	-6.90B	-4.31B	-3.76B	-2.51B	-4.45B
Investing & Financing
Investing Cash Flow	-10.12B	-3.20B	1.85B	-11.28B	-3.77B
Financing Cash Flow	-5.44B	-2.21B	-5.20B	-6.48B	-1.80B
Share Repurchase	—	-271.51M	-74.07M	—	—
Operating Activities
Operating Cash Flow	10.93B	10.32B	7.53B	15.94B	9.42B
Net Income	7.35B	2.87B	1.58B	9.32B	5.23B
Change in Accounts Payable	0.70B	0.15B	0.24B	1.03B	-0.25B
Change in Accounts Receivable	-1.65B	-0.19B	1.36B	-1.91B	-2.18B
Change in Inventory	-407.46M	327.38M	-308.72M	-57.21M	-992.54M
Change in Other Net Operating Assets	-0.22B	0.56B	0.50B	0.41B	1.90B
Change in Working Capital	-1.58B	0.85B	1.79B	-0.53B	-1.52B
Other Operating Activities	1.13B	0.45B	-0.87B	2.43B	1.34B
Provision & Write-off of Bad Debts	380.29M	165.92M	16.18M	-0.24M	3.38M
Depreciation & Amortization	4.52B	4.53B	5.15B	5.07B	4.73B
Other Amortization	184.58M	118.90M	147.75M	165.66M	173.26M
Stock-Based Compensation	72.90M	71.85M	19.39M	—	—
Cash Interest Paid	2.23B	2.56B	2.47B	1.51B	1.21B
Cash Income Tax Paid	36.09M	61.06M	153.39M	170.46M	13.76M
Loss (Gain) on Equity Investments	-1.21B	-0.18B	-0.32B	-0.55B	-0.73B
Asset Writedown & Restructuring Costs	0.09B	1.45B	0.01B	0.03B	0.19B
Investing Activities
Investing Cash Flow	-10.12B	-3.20B	1.85B	-11.28B	-3.77B
Capital Expenditures	-6.90B	-4.31B	-3.76B	-2.51B	-4.45B
Investment in Securities	-4.46B	-0.40B	4.37B	-8.99B	0.50B
Other Investing Activities	1.25B	1.52B	1.24B	0.22B	0.18B
Sale (Purchase) of Intangibles	-9.66M	-7.61M	-0.34M	-19.85M	-1.11M
Sale of Property, Plant & Equipment	—	—	5.11M	11.99M	1.78M
Financing Activities
Financing Cash Flow	-5.44B	-2.21B	-5.20B	-6.48B	-1.80B
Repurchase of Common Stock	—	-271.51M	-74.07M	—	—
Long-Term Debt Issued	10.37B	4.47B	1.53B	1.00B	1.54B
Long-Term Debt Repaid	-14.52B	-6.05B	-5.98B	-7.19B	-3.22B
Net Debt Issued (Repaid)	-4.15B	-1.58B	-4.44B	-6.19B	-1.68B
Other Financing Activities	-1.29B	-0.36B	-0.69B	-0.29B	-0.12B
Free Cash Flow & Returns
Free Cash Flow	4.03B	6.01B	3.77B	13.42B	4.97B
Free Cash Flow Growth	-32.9%	+59.5%	-72.0%	+170.1%	—
Free Cash Flow Margin	+10.4%	+18.5%	+12.9%	+33.3%	+18.6%
Free Cash Flow Per Share	1.05	1.63	1.02	3.64	1.35
Levered Free Cash Flow	3.11B	5.20B	4.37B	9.14B	2.76B
Unlevered Free Cash Flow	4.16B	6.56B	5.66B	9.93B	3.34B
Operating Cash Flow Growth	+5.9%	+37.0%	-52.8%	+69.2%	+144.6%
Net Cash Flow	-4.63B	4.91B	4.17B	-1.83B	3.85B