Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual (SAR)

1-5

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Operations
Operating Cash Flow	388.02M	239.60M	65.32M	476.77M	377.34M
Free Cash Flow	363.62M	209.93M	25.87M	442.29M	276.81M
Capital Expenditures	-24.40M	-29.67M	-39.45M	-34.48M	-100.53M
Investing & Financing
Investing Cash Flow	-18.15M	32.39M	-103.45M	-87.82M	-101.10M
Financing Cash Flow	-349.46M	-290.63M	11.04M	-348.88M	-352.65M
Dividends Paid	-193.60M	-196.03M	-235.31M	-236.87M	-548.84M
Operating Activities
Operating Cash Flow	388.02M	239.60M	65.32M	476.77M	377.34M
Net Income	104.47M	157.12M	119.92M	215.41M	159.56M
Change in Accounts Payable	31.00M	-6.32M	-31.74M	30.77M	-38.54M
Change in Accounts Receivable	12.13M	-19.70M	-10.26M	10.08M	-6.70M
Change in Inventory	51.02M	-109.70M	-115.90M	-61.87M	83.34M
Change in Other Net Operating Assets	3.13M	44.68M	-84.18M	102.02M	-69.47M
Change in Working Capital	97.28M	-91.04M	-242.09M	81.00M	-31.37M
Other Operating Activities	11.35M	11.43M	15.86M	14.96M	54.91M
Provision & Write-off of Bad Debts	-0.44M	5.25M	3.31M	-0.83M	1.98M
Depreciation & Amortization	168.37M	165.18M	168.08M	165.85M	189.96M
Other Amortization	0.89M	0.70M	0.70M	0.70M	2.30M
Cash Interest Paid	17.87M	20.83M	16.82M	8.18M	2.96M
Loss (Gain) on Equity Investments	282.53K	69.29K	-332.18K	-312.28K	—
Investing Activities
Investing Cash Flow	-18.15M	32.39M	-103.45M	-87.82M	-101.10M
Capital Expenditures	-24.40M	-29.67M	-39.45M	-34.48M	-100.53M
Cash Acquisitions	—	—	—	-32.33M	—
Investment in Securities	10.58M	72.07M	-64.00M	-21.00M	—
Sale (Purchase) of Intangibles	-4.33M	-16.83M	—	—	-0.57M
Sale of Property, Plant & Equipment	—	6.81M	—	—	—
Loss (Gain) From Sale of Assets	6.01M	-6.81M	0.03M	—	—
Loss (Gain) on Sale of Investments	-0.20M	-2.29M	-0.16M	—	—
Financing Activities
Financing Cash Flow	-349.46M	-290.63M	11.04M	-348.88M	-352.65M
Common Dividends Paid	-193.60M	-196.03M	-235.31M	-236.87M	-548.84M
Long-Term Debt Issued	—	—	—	35.24M	48.11M
Short-Term Debt Issued	449.30M	279.30M	612.33M	465.27M	150.74M
Total Debt Issued	449.30M	279.30M	612.33M	500.51M	198.85M
Long-Term Debt Repaid	-27.10M	-29.02M	-24.50M	-46.55M	-0.65M
Short-Term Debt Repaid	-578.06M	-344.87M	-341.49M	-565.96M	—
Total Debt Repaid	-605.16M	-373.90M	-365.99M	-612.52M	-0.65M
Net Debt Issued (Repaid)	-155.86M	-94.60M	246.34M	-112.01M	198.20M
Other Financing Activities	—	—	—	—	-2.00M
Free Cash Flow & Returns
Free Cash Flow	363.62M	209.93M	25.87M	442.29M	276.81M
Free Cash Flow Growth	+73.2%	+711.6%	-94.2%	+59.8%	-22.1%
Free Cash Flow Margin	+33.5%	+23.9%	+3.1%	+45.1%	+29.6%
Free Cash Flow Per Share	2.31	1.33	0.16	2.81	1.76
Levered Free Cash Flow	318.36M	128.80M	-47.11M	340.86M	71.13M
Unlevered Free Cash Flow	326.59M	142.88M	-35.38M	343.28M	72.44M
Operating Cash Flow Growth	+61.9%	+266.8%	-86.3%	+26.4%	-10.0%
Net Cash Flow	20.41M	-18.64M	-27.10M	40.08M	-76.41M

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	388.02M	239.60M	65.32M	476.77M	377.34M
Free Cash Flow	363.62M	209.93M	25.87M	442.29M	276.81M
Capital Expenditures	-24.40M	-29.67M	-39.45M	-34.48M	-100.53M
Investing & Financing
Investing Cash Flow	-18.15M	32.39M	-103.45M	-87.82M	-101.10M
Financing Cash Flow	-349.46M	-290.63M	11.04M	-348.88M	-352.65M
Dividends Paid	-193.60M	-196.03M	-235.31M	-236.87M	-548.84M
Operating Activities
Operating Cash Flow	388.02M	239.60M	65.32M	476.77M	377.34M
Net Income	104.47M	157.12M	119.92M	215.41M	159.56M
Change in Accounts Payable	31.00M	-6.32M	-31.74M	30.77M	-38.54M
Change in Accounts Receivable	12.13M	-19.70M	-10.26M	10.08M	-6.70M
Change in Inventory	51.02M	-109.70M	-115.90M	-61.87M	83.34M
Change in Other Net Operating Assets	3.13M	44.68M	-84.18M	102.02M	-69.47M
Change in Working Capital	97.28M	-91.04M	-242.09M	81.00M	-31.37M
Other Operating Activities	11.35M	11.43M	15.86M	14.96M	54.91M
Provision & Write-off of Bad Debts	-0.44M	5.25M	3.31M	-0.83M	1.98M
Depreciation & Amortization	168.37M	165.18M	168.08M	165.85M	189.96M
Other Amortization	0.89M	0.70M	0.70M	0.70M	2.30M
Cash Interest Paid	17.87M	20.83M	16.82M	8.18M	2.96M
Loss (Gain) on Equity Investments	282.53K	69.29K	-332.18K	-312.28K	—
Investing Activities
Investing Cash Flow	-18.15M	32.39M	-103.45M	-87.82M	-101.10M
Capital Expenditures	-24.40M	-29.67M	-39.45M	-34.48M	-100.53M
Cash Acquisitions	—	—	—	-32.33M	—
Investment in Securities	10.58M	72.07M	-64.00M	-21.00M	—
Sale (Purchase) of Intangibles	-4.33M	-16.83M	—	—	-0.57M
Sale of Property, Plant & Equipment	—	6.81M	—	—	—
Loss (Gain) From Sale of Assets	6.01M	-6.81M	0.03M	—	—
Loss (Gain) on Sale of Investments	-0.20M	-2.29M	-0.16M	—	—
Financing Activities
Financing Cash Flow	-349.46M	-290.63M	11.04M	-348.88M	-352.65M
Common Dividends Paid	-193.60M	-196.03M	-235.31M	-236.87M	-548.84M
Long-Term Debt Issued	—	—	—	35.24M	48.11M
Short-Term Debt Issued	449.30M	279.30M	612.33M	465.27M	150.74M
Total Debt Issued	449.30M	279.30M	612.33M	500.51M	198.85M
Long-Term Debt Repaid	-27.10M	-29.02M	-24.50M	-46.55M	-0.65M
Short-Term Debt Repaid	-578.06M	-344.87M	-341.49M	-565.96M	—
Total Debt Repaid	-605.16M	-373.90M	-365.99M	-612.52M	-0.65M
Net Debt Issued (Repaid)	-155.86M	-94.60M	246.34M	-112.01M	198.20M
Other Financing Activities	—	—	—	—	-2.00M
Free Cash Flow & Returns
Free Cash Flow	363.62M	209.93M	25.87M	442.29M	276.81M
Free Cash Flow Growth	+73.2%	+711.6%	-94.2%	+59.8%	-22.1%
Free Cash Flow Margin	+33.5%	+23.9%	+3.1%	+45.1%	+29.6%
Free Cash Flow Per Share	2.31	1.33	0.16	2.81	1.76
Levered Free Cash Flow	318.36M	128.80M	-47.11M	340.86M	71.13M
Unlevered Free Cash Flow	326.59M	142.88M	-35.38M	343.28M	72.44M
Operating Cash Flow Growth	+61.9%	+266.8%	-86.3%	+26.4%	-10.0%
Net Cash Flow	20.41M	-18.64M	-27.10M	40.08M	-76.41M

Financials

Annual (SAR)

YCC

Annual (SAR)