FOURTH MILLING

Fourth Milling Company

2286StocksTadawulMaterials

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	70.56M	85.40M	61.70M	28.08M	58.77M
Free Cash Flow	53.44M	28.34M	49.07M	24.88M	54.11M
Capital Expenditures	-17.12M	-57.06M	-12.63M	-3.20M	-4.66M
Investing & Financing
Investing Cash Flow	21.34M	-144.43M	18.99M	33.12M	-58.46M
Financing Cash Flow	-22.95M	—	-60.14M	-59.40M	-22.95M
Dividends Paid	-0.00M	—	-59.40M	-59.40M	-0.19M
Operating Activities
Operating Cash Flow	70.56M	85.40M	61.70M	28.08M	58.77M
Net Income	53.31M	61.93M	52.12M	34.05M	52.70M
Change in Accounts Payable	-7.05M	9.05M	-4.08M	-1.33M	-6.45M
Change in Accounts Receivable	1.18M	-5.45M	-2.12M	0.97M	-6.12M
Change in Inventory	0.55M	3.66M	5.29M	-14.47M	0.45M
Change in Other Net Operating Assets	5.42M	-3.74M	0.33M	-0.48M	3.83M
Change in Unearned Revenue	-2.73M	2.88M	-2.87M	1.46M	-1.80M
Change in Working Capital	-2.62M	6.39M	-3.45M	-13.85M	-10.09M
Other Operating Activities	4.29M	2.96M	-0.80M	-5.41M	2.23M
Provision & Write-off of Bad Debts	1.09M	0.03M	-0.10M	-0.49M	0.28M
Depreciation & Amortization	14.49M	13.24M	13.72M	13.74M	13.65M
Other Amortization	—	832.09K	—	—	—
Cash Interest Paid	2.63M	2.73M	8.38M	—	2.80M
Cash Income Tax Paid	—	—	8.42M	—	—
Asset Writedown & Restructuring Costs	—	—	—	—	—
Investing Activities
Investing Cash Flow	21.34M	-144.43M	18.99M	33.12M	-58.46M
Capital Expenditures	-17.12M	-57.06M	-12.63M	-3.20M	-4.66M
Investment in Securities	37.10M	-111.79M	51.39M	34.22M	-55.93M
Other Investing Activities	1.37M	24.93M	-19.37M	2.21M	2.12M
Sale (Purchase) of Intangibles	-12.04K	-631.76K	-411.21K	-166.77K	—
Sale of Property, Plant & Equipment	—	113.35K	2.78K	65.22K	—
Loss (Gain) From Sale of Assets	—	15.06K	217.87K	43.67K	—
Financing Activities
Financing Cash Flow	-22.95M	—	-60.14M	-59.40M	-22.95M
Common Dividends Paid	-0.00M	—	-59.40M	-59.40M	-0.19M
Long-Term Debt Repaid	-20.32M	—	—	—	-19.96M
Total Debt Repaid	-20.32M	2.73M	7.64M	-2.80M	-19.96M
Net Debt Issued (Repaid)	-20.32M	2.73M	7.64M	-2.80M	-19.96M
Other Financing Activities	-2.63M	-2.73M	-8.38M	2.80M	-2.80M
Free Cash Flow & Returns
Free Cash Flow	53.44M	28.34M	49.07M	24.88M	54.11M
Free Cash Flow Growth	-1.2%	-21.2%	-41.5%	-61.4%	-15.4%
Free Cash Flow Margin	+30.5%	+15.7%	+29.0%	+17.7%	+32.6%
Free Cash Flow Per Share	0.10	0.05	0.09	0.05	0.10
Levered Free Cash Flow	108.08M	5.02M	38.32M	-48.58M	84.35M
Unlevered Free Cash Flow	109.73M	6.73M	40.05M	-46.82M	86.10M
Operating Cash Flow Growth	+20.1%	+81.9%	-28.7%	-60.6%	-8.4%
Net Cash Flow	68.94M	-59.03M	20.55M	1.81M	-22.64M

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	70.56M	85.40M	61.70M	28.08M	58.77M
Free Cash Flow	53.44M	28.34M	49.07M	24.88M	54.11M
Capital Expenditures	-17.12M	-57.06M	-12.63M	-3.20M	-4.66M
Investing & Financing
Investing Cash Flow	21.34M	-144.43M	18.99M	33.12M	-58.46M
Financing Cash Flow	-22.95M	—	-60.14M	-59.40M	-22.95M
Dividends Paid	-0.00M	—	-59.40M	-59.40M	-0.19M
Operating Activities
Operating Cash Flow	70.56M	85.40M	61.70M	28.08M	58.77M
Net Income	53.31M	61.93M	52.12M	34.05M	52.70M
Change in Accounts Payable	-7.05M	9.05M	-4.08M	-1.33M	-6.45M
Change in Accounts Receivable	1.18M	-5.45M	-2.12M	0.97M	-6.12M
Change in Inventory	0.55M	3.66M	5.29M	-14.47M	0.45M
Change in Other Net Operating Assets	5.42M	-3.74M	0.33M	-0.48M	3.83M
Change in Unearned Revenue	-2.73M	2.88M	-2.87M	1.46M	-1.80M
Change in Working Capital	-2.62M	6.39M	-3.45M	-13.85M	-10.09M
Other Operating Activities	4.29M	2.96M	-0.80M	-5.41M	2.23M
Provision & Write-off of Bad Debts	1.09M	0.03M	-0.10M	-0.49M	0.28M
Depreciation & Amortization	14.49M	13.24M	13.72M	13.74M	13.65M
Other Amortization	—	832.09K	—	—	—
Cash Interest Paid	2.63M	2.73M	8.38M	—	2.80M
Cash Income Tax Paid	—	—	8.42M	—	—
Asset Writedown & Restructuring Costs	—	—	—	—	—
Investing Activities
Investing Cash Flow	21.34M	-144.43M	18.99M	33.12M	-58.46M
Capital Expenditures	-17.12M	-57.06M	-12.63M	-3.20M	-4.66M
Investment in Securities	37.10M	-111.79M	51.39M	34.22M	-55.93M
Other Investing Activities	1.37M	24.93M	-19.37M	2.21M	2.12M
Sale (Purchase) of Intangibles	-12.04K	-631.76K	-411.21K	-166.77K	—
Sale of Property, Plant & Equipment	—	113.35K	2.78K	65.22K	—
Loss (Gain) From Sale of Assets	—	15.06K	217.87K	43.67K	—
Financing Activities
Financing Cash Flow	-22.95M	—	-60.14M	-59.40M	-22.95M
Common Dividends Paid	-0.00M	—	-59.40M	-59.40M	-0.19M
Long-Term Debt Repaid	-20.32M	—	—	—	-19.96M
Total Debt Repaid	-20.32M	2.73M	7.64M	-2.80M	-19.96M
Net Debt Issued (Repaid)	-20.32M	2.73M	7.64M	-2.80M	-19.96M
Other Financing Activities	-2.63M	-2.73M	-8.38M	2.80M	-2.80M
Free Cash Flow & Returns
Free Cash Flow	53.44M	28.34M	49.07M	24.88M	54.11M
Free Cash Flow Growth	-1.2%	-21.2%	-41.5%	-61.4%	-15.4%
Free Cash Flow Margin	+30.5%	+15.7%	+29.0%	+17.7%	+32.6%
Free Cash Flow Per Share	0.10	0.05	0.09	0.05	0.10
Levered Free Cash Flow	108.08M	5.02M	38.32M	-48.58M	84.35M
Unlevered Free Cash Flow	109.73M	6.73M	40.05M	-46.82M	86.10M
Operating Cash Flow Growth	+20.1%	+81.9%	-28.7%	-60.6%	-8.4%
Net Cash Flow	68.94M	-59.03M	20.55M	1.81M	-22.64M