MARAFIQ

Power and Water Utility Company for Jubail and Yanbu (Marafiq)

2083StocksTadawulUtilities

Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Quarterly (SAR)

1-5

	Q1 2026Mar 31, 2026	Q4 2025Dec 31, 2025	Q3 2025Sep 30, 2025	Q2 2025Jun 30, 2025	Q1 2025Mar 31, 2025
Operations
Operating Cash Flow	0.49B	0.44B	0.70B	0.28B	0.23B
Free Cash Flow	0.34B	0.33B	0.53B	0.20B	0.16B
Capital Expenditures	-148.64M	-105.63M	-161.30M	-78.68M	-73.67M
Investing & Financing
Investing Cash Flow	-10.33M	-50.01M	-418.48M	93.26M	-216.44M
Financing Cash Flow	-0.65B	-0.75B	-0.19B	-0.33B	-0.18B
Dividends Paid	-448.57M	—	—	—	—
Operating Activities
Operating Cash Flow	0.49B	0.44B	0.70B	0.28B	0.23B
Net Income	127.56M	51.22M	170.67M	109.60M	117.94M
Change in Accounts Payable	-177.16M	40.10M	31.66M	-106.87M	126.88M
Change in Accounts Receivable	-83.69M	18.30M	66.53M	519.87M	-432.74M
Change in Inventory	10.79M	1.76M	5.14M	-22.38M	-12.55M
Change in Other Net Operating Assets	143.53M	173.53M	-27.76M	-23.43M	-37.91M
Change in Working Capital	-106.53M	233.70M	75.57M	367.19M	-356.32M
Other Operating Activities	101.96M	-249.93M	94.88M	-63.88M	106.55M
Depreciation & Amortization	374.77M	388.72M	378.83M	379.57M	384.41M
Gw Intang Amort CF Utility	1.41M	4.76M	1.00M	1.13M	1.16M
Depamor CF Utility	373.36M	383.97M	377.83M	378.45M	383.26M
Cash Interest Paid	—	403.29M	114.02M	307.05M	115.26M
Loss (Gain) on Equity Investments	-10.43M	-7.73M	-24.19M	-15.09M	-17.01M
Asset Writedown	—	—	—	—	—
Investing Activities
Investing Cash Flow	-10.33M	-50.01M	-418.48M	93.26M	-216.44M
Capital Expenditures	-148.64M	-105.63M	-161.30M	-78.68M	-73.67M
Capital Expenditures	-148.64M	-105.63M	-161.30M	-78.68M	-73.67M
Investment in Securities	-22.33M	-304.58M	-273.23M	120.54M	-157.11M
Other Investing Activities	160.63M	360.19M	16.05M	51.40M	14.34M
Sale (Purchase) of Intangibles	—	—	—	—	—
Loss (Gain) on Sale of Assets	—	—	—	—	—
Financing Activities
Financing Cash Flow	-0.65B	-0.75B	-0.19B	-0.33B	-0.18B
Common Dividends Paid	-448.57M	—	—	—	—
Long-Term Debt Issued	—	—	—	—	—
Short-Term Debt Issued	—	—	—	—	—
Total Debt Issued	—	—	—	—	—
Long-Term Debt Repaid	-196.53M	—	-194.06M	-326.38M	-181.82M
Short-Term Debt Repaid	—	—	—	—	—
Total Debt Repaid	-0.20B	-0.75B	-0.19B	-0.33B	-0.18B
Net Debt Issued (Repaid)	-0.20B	-0.75B	-0.19B	-0.33B	-0.18B
Other Financing Activities	—	—	—	—	—
Free Cash Flow & Returns
Free Cash Flow	0.34B	0.33B	0.53B	0.20B	0.16B
Free Cash Flow Growth	+122.2%	-9.8%	+87.8%	-45.8%	-23.3%
Free Cash Flow Margin	+19.0%	+18.0%	+26.7%	+14.4%	+9.1%
Free Cash Flow Per Share	1.38	1.33	2.13	0.81	0.62
Levered Free Cash Flow	429.29M	353.30M	446.09M	100.92M	241.67M
Unlevered Free Cash Flow	563.92M	497.64M	592.84M	248.81M	391.31M
Operating Cash Flow Growth	+115.6%	-16.6%	+77.5%	-42.7%	-35.1%
Net Cash Flow	-162.06M	-366.90M	83.23M	47.71M	-169.42M

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Quarterly (SAR)

1-5

	Q1 2026Mar 31, 2026	Q4 2025Dec 31, 2025	Q3 2025Sep 30, 2025	Q2 2025Jun 30, 2025	Q1 2025Mar 31, 2025
Operations
Operating Cash Flow	0.49B	0.44B	0.70B	0.28B	0.23B
Free Cash Flow	0.34B	0.33B	0.53B	0.20B	0.16B
Capital Expenditures	-148.64M	-105.63M	-161.30M	-78.68M	-73.67M
Investing & Financing
Investing Cash Flow	-10.33M	-50.01M	-418.48M	93.26M	-216.44M
Financing Cash Flow	-0.65B	-0.75B	-0.19B	-0.33B	-0.18B
Dividends Paid	-448.57M	—	—	—	—
Operating Activities
Operating Cash Flow	0.49B	0.44B	0.70B	0.28B	0.23B
Net Income	127.56M	51.22M	170.67M	109.60M	117.94M
Change in Accounts Payable	-177.16M	40.10M	31.66M	-106.87M	126.88M
Change in Accounts Receivable	-83.69M	18.30M	66.53M	519.87M	-432.74M
Change in Inventory	10.79M	1.76M	5.14M	-22.38M	-12.55M
Change in Other Net Operating Assets	143.53M	173.53M	-27.76M	-23.43M	-37.91M
Change in Working Capital	-106.53M	233.70M	75.57M	367.19M	-356.32M
Other Operating Activities	101.96M	-249.93M	94.88M	-63.88M	106.55M
Depreciation & Amortization	374.77M	388.72M	378.83M	379.57M	384.41M
Gw Intang Amort CF Utility	1.41M	4.76M	1.00M	1.13M	1.16M
Depamor CF Utility	373.36M	383.97M	377.83M	378.45M	383.26M
Cash Interest Paid	—	403.29M	114.02M	307.05M	115.26M
Loss (Gain) on Equity Investments	-10.43M	-7.73M	-24.19M	-15.09M	-17.01M
Asset Writedown	—	—	—	—	—
Investing Activities
Investing Cash Flow	-10.33M	-50.01M	-418.48M	93.26M	-216.44M
Capital Expenditures	-148.64M	-105.63M	-161.30M	-78.68M	-73.67M
Capital Expenditures	-148.64M	-105.63M	-161.30M	-78.68M	-73.67M
Investment in Securities	-22.33M	-304.58M	-273.23M	120.54M	-157.11M
Other Investing Activities	160.63M	360.19M	16.05M	51.40M	14.34M
Sale (Purchase) of Intangibles	—	—	—	—	—
Loss (Gain) on Sale of Assets	—	—	—	—	—
Financing Activities
Financing Cash Flow	-0.65B	-0.75B	-0.19B	-0.33B	-0.18B
Common Dividends Paid	-448.57M	—	—	—	—
Long-Term Debt Issued	—	—	—	—	—
Short-Term Debt Issued	—	—	—	—	—
Total Debt Issued	—	—	—	—	—
Long-Term Debt Repaid	-196.53M	—	-194.06M	-326.38M	-181.82M
Short-Term Debt Repaid	—	—	—	—	—
Total Debt Repaid	-0.20B	-0.75B	-0.19B	-0.33B	-0.18B
Net Debt Issued (Repaid)	-0.20B	-0.75B	-0.19B	-0.33B	-0.18B
Other Financing Activities	—	—	—	—	—
Free Cash Flow & Returns
Free Cash Flow	0.34B	0.33B	0.53B	0.20B	0.16B
Free Cash Flow Growth	+122.2%	-9.8%	+87.8%	-45.8%	-23.3%
Free Cash Flow Margin	+19.0%	+18.0%	+26.7%	+14.4%	+9.1%
Free Cash Flow Per Share	1.38	1.33	2.13	0.81	0.62
Levered Free Cash Flow	429.29M	353.30M	446.09M	100.92M	241.67M
Unlevered Free Cash Flow	563.92M	497.64M	592.84M	248.81M	391.31M
Operating Cash Flow Growth	+115.6%	-16.6%	+77.5%	-42.7%	-35.1%
Net Cash Flow	-162.06M	-366.90M	83.23M	47.71M	-169.42M