TASNEE

National Industrialization Co.

2060StocksTadawulIndustrials

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	-205.46M	-70.31M	149.60M	804.01M	844.85M
Free Cash Flow	-517.95M	-236.64M	89.52M	659.81M	790.70M
Capital Expenditures	-312.50M	-166.33M	-60.08M	-144.20M	-54.15M
Investing & Financing
Investing Cash Flow	0.54B	0.85B	1.78B	0.35B	0.91B
Financing Cash Flow	-1.98B	-0.63B	-0.95B	-1.90B	-1.02B
Share Repurchase	-49.32M	—	—	—	—
Operating Activities
Operating Cash Flow	-205.46M	-70.31M	149.60M	804.01M	844.85M
Net Income	-1.77B	-0.03B	0.20B	0.67B	1.36B
Change in Accounts Payable	-341.15M	446.86M	30.41M	-474.48M	500.25M
Change in Accounts Receivable	-8.22M	-276.06M	-93.03M	458.25M	-610.30M
Change in Inventory	-100.34M	47.50M	99.67M	-61.01M	-126.91M
Change in Other Net Operating Assets	224.44M	-140.93M	-125.26M	234.39M	441.98M
Change in Working Capital	-225.27M	77.37M	-88.22M	157.15M	205.02M
Other Operating Activities	-1.62B	-0.74B	0.25B	0.70B	1.11B
Provision & Write-off of Bad Debts	11.48M	-5.47M	—	—	—
Depreciation & Amortization	429.51M	280.59M	225.72M	231.82M	272.16M
Other Amortization	—	—	—	—	20.53M
Cash Interest Paid	327.25M	290.70M	298.25M	213.70M	170.72M
Cash Income Tax Paid	—	—	—	0.13M	0.38M
Loss (Gain) on Equity Investments	0.82B	-0.49B	-0.66B	-1.15B	-2.78B
Asset Writedown & Restructuring Costs	2.11B	0.36B	0.28B	0.26B	0.18B
Investing Activities
Investing Cash Flow	0.54B	0.85B	1.78B	0.35B	0.91B
Capital Expenditures	-312.50M	-166.33M	-60.08M	-144.20M	-54.15M
Cash Acquisitions	—	127.65M	381.84M	-1.00M	—
Investment in Securities	-28.14M	-253.50M	53.64M	-979.69M	-38.18M
Other Investing Activities	0.91B	1.16B	1.42B	1.50B	1.00B
Sale (Purchase) of Intangibles	-26.34M	-25.62M	-15.86M	-22.67M	-3.67M
Sale of Property, Plant & Equipment	—	10.65M	0.24M	3.34M	1.61M
Loss (Gain) From Sale of Assets	—	—	—	—	—
Loss (Gain) on Sale of Investments	—	416.11M	-56.85M	-58.98M	482.03M
Financing Activities
Financing Cash Flow	-1.98B	-0.63B	-0.95B	-1.90B	-1.02B
Repurchase of Common Stock	-49.32M	—	—	—	—
Long-Term Debt Repaid	-1.35B	-0.34B	-0.37B	-1.00B	-0.45B
Short-Term Debt Repaid	—	—	—	—	—
Total Debt Repaid	-1.35B	-0.34B	-0.37B	-1.00B	-0.45B
Net Debt Issued (Repaid)	-1.35B	-0.34B	-0.37B	-1.00B	-0.45B
Other Financing Activities	-577.94M	-290.70M	-577.04M	-890.79M	-570.37M
Free Cash Flow & Returns
Free Cash Flow	-517.95M	-236.64M	89.52M	659.81M	790.70M
Free Cash Flow Growth	—	—	-86.4%	-16.6%	—
Free Cash Flow Margin	-20.8%	-7.8%	+2.5%	+17.0%	+21.5%
Free Cash Flow Per Share	-0.78	-0.35	0.13	0.99	1.18
Levered Free Cash Flow	-1.08B	-1.33B	0.15B	0.87B	0.50B
Unlevered Free Cash Flow	-0.87B	-1.10B	0.35B	1.04B	0.50B
Operating Cash Flow Growth	—	—	-81.4%	-4.8%	+2,816.4%
Net Cash Flow	-1.64B	0.16B	0.98B	-0.74B	0.74B

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	-205.46M	-70.31M	149.60M	804.01M	844.85M
Free Cash Flow	-517.95M	-236.64M	89.52M	659.81M	790.70M
Capital Expenditures	-312.50M	-166.33M	-60.08M	-144.20M	-54.15M
Investing & Financing
Investing Cash Flow	0.54B	0.85B	1.78B	0.35B	0.91B
Financing Cash Flow	-1.98B	-0.63B	-0.95B	-1.90B	-1.02B
Share Repurchase	-49.32M	—	—	—	—
Operating Activities
Operating Cash Flow	-205.46M	-70.31M	149.60M	804.01M	844.85M
Net Income	-1.77B	-0.03B	0.20B	0.67B	1.36B
Change in Accounts Payable	-341.15M	446.86M	30.41M	-474.48M	500.25M
Change in Accounts Receivable	-8.22M	-276.06M	-93.03M	458.25M	-610.30M
Change in Inventory	-100.34M	47.50M	99.67M	-61.01M	-126.91M
Change in Other Net Operating Assets	224.44M	-140.93M	-125.26M	234.39M	441.98M
Change in Working Capital	-225.27M	77.37M	-88.22M	157.15M	205.02M
Other Operating Activities	-1.62B	-0.74B	0.25B	0.70B	1.11B
Provision & Write-off of Bad Debts	11.48M	-5.47M	—	—	—
Depreciation & Amortization	429.51M	280.59M	225.72M	231.82M	272.16M
Other Amortization	—	—	—	—	20.53M
Cash Interest Paid	327.25M	290.70M	298.25M	213.70M	170.72M
Cash Income Tax Paid	—	—	—	0.13M	0.38M
Loss (Gain) on Equity Investments	0.82B	-0.49B	-0.66B	-1.15B	-2.78B
Asset Writedown & Restructuring Costs	2.11B	0.36B	0.28B	0.26B	0.18B
Investing Activities
Investing Cash Flow	0.54B	0.85B	1.78B	0.35B	0.91B
Capital Expenditures	-312.50M	-166.33M	-60.08M	-144.20M	-54.15M
Cash Acquisitions	—	127.65M	381.84M	-1.00M	—
Investment in Securities	-28.14M	-253.50M	53.64M	-979.69M	-38.18M
Other Investing Activities	0.91B	1.16B	1.42B	1.50B	1.00B
Sale (Purchase) of Intangibles	-26.34M	-25.62M	-15.86M	-22.67M	-3.67M
Sale of Property, Plant & Equipment	—	10.65M	0.24M	3.34M	1.61M
Loss (Gain) From Sale of Assets	—	—	—	—	—
Loss (Gain) on Sale of Investments	—	416.11M	-56.85M	-58.98M	482.03M
Financing Activities
Financing Cash Flow	-1.98B	-0.63B	-0.95B	-1.90B	-1.02B
Repurchase of Common Stock	-49.32M	—	—	—	—
Long-Term Debt Repaid	-1.35B	-0.34B	-0.37B	-1.00B	-0.45B
Short-Term Debt Repaid	—	—	—	—	—
Total Debt Repaid	-1.35B	-0.34B	-0.37B	-1.00B	-0.45B
Net Debt Issued (Repaid)	-1.35B	-0.34B	-0.37B	-1.00B	-0.45B
Other Financing Activities	-577.94M	-290.70M	-577.04M	-890.79M	-570.37M
Free Cash Flow & Returns
Free Cash Flow	-517.95M	-236.64M	89.52M	659.81M	790.70M
Free Cash Flow Growth	—	—	-86.4%	-16.6%	—
Free Cash Flow Margin	-20.8%	-7.8%	+2.5%	+17.0%	+21.5%
Free Cash Flow Per Share	-0.78	-0.35	0.13	0.99	1.18
Levered Free Cash Flow	-1.08B	-1.33B	0.15B	0.87B	0.50B
Unlevered Free Cash Flow	-0.87B	-1.10B	0.35B	1.04B	0.50B
Operating Cash Flow Growth	—	—	-81.4%	-4.8%	+2,816.4%
Net Cash Flow	-1.64B	0.16B	0.98B	-0.74B	0.74B