GASCO

National Gas & Industrialization Co.

2080StocksTadawulUtilities

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	361.89M	155.79M	184.60M	392.88M	130.08M
Free Cash Flow	160.00M	-47.38M	42.02M	223.14M	-37.99M
Capital Expenditures	-201.89M	-203.17M	-142.58M	-169.74M	-168.07M
Investing & Financing
Investing Cash Flow	-67.03M	-110.00M	-126.37M	-39.69M	-178.80M
Financing Cash Flow	-247.76M	-100.30M	-104.45M	-240.71M	-165.02M
Dividends Paid	-167.48M	-160.25M	-75.37M	-191.86M	-92.41M
Operating Activities
Operating Cash Flow	361.89M	155.79M	184.60M	392.88M	130.08M
Net Income	249.13M	248.75M	227.32M	214.06M	201.36M
Change in Accounts Payable	65.66M	85.21M	-12.77M	82.19M	16.76M
Change in Accounts Receivable	-8.62M	-54.14M	-5.80M	-0.97M	15.67M
Change in Inventory	-34.11M	-56.63M	-46.43M	-7.31M	-3.46M
Change in Other Net Operating Assets	-23.80M	-33.70M	0.48M	26.87M	-58.48M
Change in Unearned Revenue	1.19M	9.26M	2.34M	—	—
Change in Working Capital	80.63M	-74.06M	-20.76M	163.64M	-25.48M
Other Operating Activities	-49.94M	-112.60M	-95.58M	-69.35M	-108.17M
Depreciation & Amortization	68.84M	110.92M	99.69M	103.85M	86.02M
Other Amortization	6.23M	7.69M	14.89M	14.61M	15.30M
Gw Intang Amort CF Utility	166.83K	197.20K	—	—	—
Depamor CF Utility	68.67M	110.73M	99.69M	103.85M	86.02M
Cash Interest Paid	4.82M	3.79M	0.71M	0.76M	—
Loss (Gain) on Equity Investments	-10.88M	-7.09M	-8.00M	-2.74M	-13.43M
Asset Writedown	—	—	—	—	11.00K
Investing Activities
Investing Cash Flow	-67.03M	-110.00M	-126.37M	-39.69M	-178.80M
Capital Expenditures	-201.89M	-203.17M	-142.58M	-169.74M	-168.07M
Capital Expenditures	-201.89M	-203.17M	-142.58M	-169.74M	-168.07M
Investment in Securities	103.35M	44.51M	-42.78M	33.55M	-116.50M
Other Investing Activities	55.33M	64.14M	70.12M	79.36M	110.60M
Sale (Purchase) of Intangibles	-24.97M	-21.74M	-16.59M	-15.79M	-7.43M
Sale of Property, Plant & Equipment	1.15M	6.27M	5.46M	32.93M	2.60M
Loss (Gain) on Sale of Assets	-0.47M	-4.99M	-3.66M	-30.87M	-0.51M
Loss (Gain) on Sale of Investments	18.04M	-8.52M	-31.07M	3.94M	-23.69M
Financing Activities
Financing Cash Flow	-247.76M	-100.30M	-104.45M	-240.71M	-165.02M
Common Dividends Paid	-167.48M	-160.25M	-75.37M	-191.86M	-92.41M
Long-Term Debt Issued	168.15M	286.05M	—	—	—
Long-Term Debt Repaid	-243.61M	-222.32M	-27.05M	-46.07M	-69.48M
Net Debt Issued (Repaid)	-75.46M	63.73M	-27.05M	-46.07M	-69.48M
Other Financing Activities	-4.82M	-3.79M	-2.02M	-2.78M	-3.13M
Free Cash Flow & Returns
Free Cash Flow	160.00M	-47.38M	42.02M	223.14M	-37.99M
Free Cash Flow Growth	—	—	-81.2%	—	—
Free Cash Flow Margin	+4.9%	-1.7%	+1.7%	+10.7%	-2.0%
Free Cash Flow Per Share	2.13	-0.63	0.56	2.98	-0.51
Levered Free Cash Flow	-35.98M	-92.38M	1.09M	137.13M	-72.45M
Unlevered Free Cash Flow	-33.23M	-90.80M	0.90M	136.36M	-74.47M
Operating Cash Flow Growth	+132.3%	-15.6%	-53.0%	+202.0%	+16.8%
Net Cash Flow	47.10M	-54.50M	-46.21M	112.48M	-213.74M

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	361.89M	155.79M	184.60M	392.88M	130.08M
Free Cash Flow	160.00M	-47.38M	42.02M	223.14M	-37.99M
Capital Expenditures	-201.89M	-203.17M	-142.58M	-169.74M	-168.07M
Investing & Financing
Investing Cash Flow	-67.03M	-110.00M	-126.37M	-39.69M	-178.80M
Financing Cash Flow	-247.76M	-100.30M	-104.45M	-240.71M	-165.02M
Dividends Paid	-167.48M	-160.25M	-75.37M	-191.86M	-92.41M
Operating Activities
Operating Cash Flow	361.89M	155.79M	184.60M	392.88M	130.08M
Net Income	249.13M	248.75M	227.32M	214.06M	201.36M
Change in Accounts Payable	65.66M	85.21M	-12.77M	82.19M	16.76M
Change in Accounts Receivable	-8.62M	-54.14M	-5.80M	-0.97M	15.67M
Change in Inventory	-34.11M	-56.63M	-46.43M	-7.31M	-3.46M
Change in Other Net Operating Assets	-23.80M	-33.70M	0.48M	26.87M	-58.48M
Change in Unearned Revenue	1.19M	9.26M	2.34M	—	—
Change in Working Capital	80.63M	-74.06M	-20.76M	163.64M	-25.48M
Other Operating Activities	-49.94M	-112.60M	-95.58M	-69.35M	-108.17M
Depreciation & Amortization	68.84M	110.92M	99.69M	103.85M	86.02M
Other Amortization	6.23M	7.69M	14.89M	14.61M	15.30M
Gw Intang Amort CF Utility	166.83K	197.20K	—	—	—
Depamor CF Utility	68.67M	110.73M	99.69M	103.85M	86.02M
Cash Interest Paid	4.82M	3.79M	0.71M	0.76M	—
Loss (Gain) on Equity Investments	-10.88M	-7.09M	-8.00M	-2.74M	-13.43M
Asset Writedown	—	—	—	—	11.00K
Investing Activities
Investing Cash Flow	-67.03M	-110.00M	-126.37M	-39.69M	-178.80M
Capital Expenditures	-201.89M	-203.17M	-142.58M	-169.74M	-168.07M
Capital Expenditures	-201.89M	-203.17M	-142.58M	-169.74M	-168.07M
Investment in Securities	103.35M	44.51M	-42.78M	33.55M	-116.50M
Other Investing Activities	55.33M	64.14M	70.12M	79.36M	110.60M
Sale (Purchase) of Intangibles	-24.97M	-21.74M	-16.59M	-15.79M	-7.43M
Sale of Property, Plant & Equipment	1.15M	6.27M	5.46M	32.93M	2.60M
Loss (Gain) on Sale of Assets	-0.47M	-4.99M	-3.66M	-30.87M	-0.51M
Loss (Gain) on Sale of Investments	18.04M	-8.52M	-31.07M	3.94M	-23.69M
Financing Activities
Financing Cash Flow	-247.76M	-100.30M	-104.45M	-240.71M	-165.02M
Common Dividends Paid	-167.48M	-160.25M	-75.37M	-191.86M	-92.41M
Long-Term Debt Issued	168.15M	286.05M	—	—	—
Long-Term Debt Repaid	-243.61M	-222.32M	-27.05M	-46.07M	-69.48M
Net Debt Issued (Repaid)	-75.46M	63.73M	-27.05M	-46.07M	-69.48M
Other Financing Activities	-4.82M	-3.79M	-2.02M	-2.78M	-3.13M
Free Cash Flow & Returns
Free Cash Flow	160.00M	-47.38M	42.02M	223.14M	-37.99M
Free Cash Flow Growth	—	—	-81.2%	—	—
Free Cash Flow Margin	+4.9%	-1.7%	+1.7%	+10.7%	-2.0%
Free Cash Flow Per Share	2.13	-0.63	0.56	2.98	-0.51
Levered Free Cash Flow	-35.98M	-92.38M	1.09M	137.13M	-72.45M
Unlevered Free Cash Flow	-33.23M	-90.80M	0.90M	136.36M	-74.47M
Operating Cash Flow Growth	+132.3%	-15.6%	-53.0%	+202.0%	+16.8%
Net Cash Flow	47.10M	-54.50M	-46.21M	112.48M	-213.74M