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	46.25M	61.64M	57.49M	66.71M	78.25M
Free Cash Flow	46.25M	48.50M	40.69M	57.56M	65.52M
Capital Expenditures	—	-13.14M	-16.80M	-9.15M	-12.73M
Investing & Financing
Investing Cash Flow	-9.70M	-13.91M	-0.62M	-9.82M	-13.54M
Financing Cash Flow	-27.22M	-3.33M	-40.93M	-45.97M	-131.50M
Dividends Paid	—	-17.25M	-17.25M	-15.49M	—
Operating Activities
Operating Cash Flow	46.25M	61.64M	57.49M	66.71M	78.25M
Net Income	-42.17M	11.70M	30.83M	34.16M	22.04M
Change in Accounts Payable	—	130.89M	88.44M	212.54M	-19.47M
Change in Accounts Receivable	—	55.72M	-50.91M	-110.11M	11.23M
Change in Inventory	—	-246.27M	-35.86M	-104.91M	-24.85M
Change in Other Net Operating Assets	—	80.15M	-17.51M	-21.25M	19.46M
Change in Working Capital	—	20.48M	-15.84M	-23.73M	-13.62M
Other Operating Activities	88.42M	-8.63M	20.27M	9.83M	20.11M
Provision & Write-off of Bad Debts	—	8.66M	0.91M	3.75M	3.44M
Depreciation & Amortization	—	28.25M	32.94M	42.36M	46.52M
Other Amortization	—	1.61M	1.06M	—	—
Cash Interest Paid	—	34.79M	31.01M	27.89M	26.90M
Cash Income Tax Paid	—	4.86M	3.09M	5.83M	4.12M
Investing Activities
Investing Cash Flow	-9.70M	-13.91M	-0.62M	-9.82M	-13.54M
Capital Expenditures	—	-13.14M	-16.80M	-9.15M	-12.73M
Other Investing Activities	-9.70M	0.31M	-0.05M	0.59M	-0.44M
Sale (Purchase) of Intangibles	—	-2.06M	-2.05M	-1.44M	-0.95M
Sale of Property, Plant & Equipment	—	0.97M	18.28M	0.18M	0.58M
Loss (Gain) From Sale of Assets	—	-0.42M	-12.68M	0.34M	-0.24M
Financing Activities
Financing Cash Flow	-27.22M	-3.33M	-40.93M	-45.97M	-131.50M
Common Dividends Paid	—	-17.25M	-17.25M	-15.49M	—
Issuance of Common Stock	—	—	—	—	145.00M
Short-Term Debt Issued	—	36.99M	—	—	—
Total Debt Issued	—	36.99M	—	—	—
Long-Term Debt Repaid	—	-20.17M	-22.02M	-27.41M	-165.75M
Short-Term Debt Repaid	—	—	—	—	-128.25M
Total Debt Repaid	—	-20.17M	-22.02M	-27.41M	-294.00M
Net Debt Issued (Repaid)	—	16.82M	-22.02M	-27.41M	-294.00M
Other Financing Activities	-27.22M	-2.90M	-1.66M	-3.07M	17.49M
Free Cash Flow & Returns
Free Cash Flow	46.25M	48.50M	40.69M	57.56M	65.52M
Free Cash Flow Growth	-4.6%	+19.2%	-29.3%	-12.1%	+33.6%
Free Cash Flow Margin	+1.6%	+2.3%	+2.2%	+2.9%	+3.3%
Free Cash Flow Per Share	0.80	0.84	0.71	1.00	1.30
Levered Free Cash Flow	—	-16.84M	-25.16M	-110.45M	-177.51M
Unlevered Free Cash Flow	—	6.54M	-5.00M	-90.83M	-158.26M
Operating Cash Flow Growth	-25.0%	+7.2%	-13.8%	-14.7%	+33.3%
Net Cash Flow	9.34M	13.50M	-11.34M	-15.40M	-66.86M
Foreign Exchange Rate Adjustments	—	-30.89M	-27.27M	-26.32M	-0.06M

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	46.25M	61.64M	57.49M	66.71M	78.25M
Free Cash Flow	46.25M	48.50M	40.69M	57.56M	65.52M
Capital Expenditures	—	-13.14M	-16.80M	-9.15M	-12.73M
Investing & Financing
Investing Cash Flow	-9.70M	-13.91M	-0.62M	-9.82M	-13.54M
Financing Cash Flow	-27.22M	-3.33M	-40.93M	-45.97M	-131.50M
Dividends Paid	—	-17.25M	-17.25M	-15.49M	—
Operating Activities
Operating Cash Flow	46.25M	61.64M	57.49M	66.71M	78.25M
Net Income	-42.17M	11.70M	30.83M	34.16M	22.04M
Change in Accounts Payable	—	130.89M	88.44M	212.54M	-19.47M
Change in Accounts Receivable	—	55.72M	-50.91M	-110.11M	11.23M
Change in Inventory	—	-246.27M	-35.86M	-104.91M	-24.85M
Change in Other Net Operating Assets	—	80.15M	-17.51M	-21.25M	19.46M
Change in Working Capital	—	20.48M	-15.84M	-23.73M	-13.62M
Other Operating Activities	88.42M	-8.63M	20.27M	9.83M	20.11M
Provision & Write-off of Bad Debts	—	8.66M	0.91M	3.75M	3.44M
Depreciation & Amortization	—	28.25M	32.94M	42.36M	46.52M
Other Amortization	—	1.61M	1.06M	—	—
Cash Interest Paid	—	34.79M	31.01M	27.89M	26.90M
Cash Income Tax Paid	—	4.86M	3.09M	5.83M	4.12M
Investing Activities
Investing Cash Flow	-9.70M	-13.91M	-0.62M	-9.82M	-13.54M
Capital Expenditures	—	-13.14M	-16.80M	-9.15M	-12.73M
Other Investing Activities	-9.70M	0.31M	-0.05M	0.59M	-0.44M
Sale (Purchase) of Intangibles	—	-2.06M	-2.05M	-1.44M	-0.95M
Sale of Property, Plant & Equipment	—	0.97M	18.28M	0.18M	0.58M
Loss (Gain) From Sale of Assets	—	-0.42M	-12.68M	0.34M	-0.24M
Financing Activities
Financing Cash Flow	-27.22M	-3.33M	-40.93M	-45.97M	-131.50M
Common Dividends Paid	—	-17.25M	-17.25M	-15.49M	—
Issuance of Common Stock	—	—	—	—	145.00M
Short-Term Debt Issued	—	36.99M	—	—	—
Total Debt Issued	—	36.99M	—	—	—
Long-Term Debt Repaid	—	-20.17M	-22.02M	-27.41M	-165.75M
Short-Term Debt Repaid	—	—	—	—	-128.25M
Total Debt Repaid	—	-20.17M	-22.02M	-27.41M	-294.00M
Net Debt Issued (Repaid)	—	16.82M	-22.02M	-27.41M	-294.00M
Other Financing Activities	-27.22M	-2.90M	-1.66M	-3.07M	17.49M
Free Cash Flow & Returns
Free Cash Flow	46.25M	48.50M	40.69M	57.56M	65.52M
Free Cash Flow Growth	-4.6%	+19.2%	-29.3%	-12.1%	+33.6%
Free Cash Flow Margin	+1.6%	+2.3%	+2.2%	+2.9%	+3.3%
Free Cash Flow Per Share	0.80	0.84	0.71	1.00	1.30
Levered Free Cash Flow	—	-16.84M	-25.16M	-110.45M	-177.51M
Unlevered Free Cash Flow	—	6.54M	-5.00M	-90.83M	-158.26M
Operating Cash Flow Growth	-25.0%	+7.2%	-13.8%	-14.7%	+33.3%
Net Cash Flow	9.34M	13.50M	-11.34M	-15.40M	-66.86M
Foreign Exchange Rate Adjustments	—	-30.89M	-27.27M	-26.32M	-0.06M

Financials

Annual (SAR)

LAZURDE

Annual (SAR)