Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual (SAR)

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Operations
Operating Cash Flow	755.45M	763.21M	654.67M	451.75M	255.56M
Free Cash Flow	194.56M	395.08M	362.59M	170.62M	-106.75M
Capital Expenditures	-560.89M	-368.13M	-292.08M	-281.13M	-362.30M
Investing & Financing
Investing Cash Flow	-1.02B	-0.02B	-0.76B	-0.24B	-0.32B
Financing Cash Flow	-18.20M	-211.83M	82.70M	-177.54M	82.44M
Dividends Paid	-194.42K	-393.47K	-20.13K	-229.46K	-320.96K
Share Repurchase	-21.41M	—	—	—	—
Operating Activities
Operating Cash Flow	755.45M	763.21M	654.67M	451.75M	255.56M
Net Income	393.35M	774.63M	302.06M	95.49M	-285.03M
Change in Accounts Payable	-57.95M	106.43M	39.04M	-36.70M	107.82M
Change in Accounts Receivable	43.69M	-55.00M	-1.45M	114.59M	-179.74M
Change in Inventory	67.35M	-76.23M	-75.07M	-79.09M	31.24M
Change in Other Net Operating Assets	-55.19M	3.33M	—	—	—
Change in Working Capital	-2.09M	-21.47M	-37.48M	-1.20M	-40.68M
Other Operating Activities	18.41M	87.34M	89.50M	67.35M	111.78M
Provision & Write-off of Bad Debts	8.47M	-2.87M	37.32M	11.63M	70.18M
Depreciation & Amortization	292.41M	235.75M	225.81M	228.26M	263.67M
Other Amortization	12.25M	10.78M	8.65M	10.13M	6.33M
Cash Interest Paid	25.67M	30.83M	79.52M	39.32M	30.87M
Cash Income Tax Paid	277.25K	—	—	—	—
Miscellaneous Cash Flow Adjustments	—	—	741.18M	—	—
Loss (Gain) on Equity Investments	4.76M	-24.04M	-21.74M	-3.30M	—
Asset Writedown & Restructuring Costs	—	—	2.03M	10.01M	83.65M
Investing Activities
Investing Cash Flow	-1.02B	-0.02B	-0.76B	-0.24B	-0.32B
Capital Expenditures	-560.89M	-368.13M	-292.08M	-281.13M	-362.30M
Investment in Securities	-391.82M	342.72M	-540.29M	—	-50.89M
Other Investing Activities	-81.09M	5.32M	—	—	—
Sale (Purchase) of Intangibles	-8.58M	-7.84M	-2.02M	-22.57M	—
Sale of Property, Plant & Equipment	20.12M	7.13M	77.85M	60.69M	88.40M
Loss (Gain) From Sale of Assets	27.90M	59.60M	48.51M	33.39M	45.67M
Loss (Gain) on Sale of Investments	—	-356.51M	—	—	—
Financing Activities
Financing Cash Flow	-18.20M	-211.83M	82.70M	-177.54M	82.44M
Common Dividends Paid	-194.42K	-393.47K	-20.13K	-229.46K	-320.96K
Issuance of Common Stock	—	—	2.08B	—	—
Repurchase of Common Stock	-21.41M	—	—	—	—
Long-Term Debt Issued	1.06B	1.88B	0.48B	0.44B	0.37B
Long-Term Debt Repaid	-1.03B	-2.05B	-1.64B	-0.58B	-0.26B
Net Debt Issued (Repaid)	0.03B	-0.18B	-1.16B	-0.14B	0.11B
Other Financing Activities	-26.52M	-32.89M	-836.04M	-39.32M	-30.87M
Free Cash Flow & Returns
Free Cash Flow	194.56M	395.08M	362.59M	170.62M	-106.75M
Free Cash Flow Growth	-50.8%	+9.0%	+112.5%	—	—
Free Cash Flow Margin	+5.5%	+12.3%	+11.3%	+6.3%	-4.7%
Free Cash Flow Per Share	0.65	1.31	2.12	1.68	-1.05
Levered Free Cash Flow	-103.75M	98.84M	227.62M	61.19M	-31.95M
Unlevered Free Cash Flow	-86.00M	114.43M	270.29M	87.11M	-15.78M
Operating Cash Flow Growth	-1.0%	+16.6%	+44.9%	+76.8%	-42.3%
Net Cash Flow	-285.01M	530.68M	721.92M	30.84M	13.20M
Foreign Exchange Rate Adjustments	-4.08K	92.02K	-91.47K	-354.73K	—

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (SAR)

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Operations
Operating Cash Flow	755.45M	763.21M	654.67M	451.75M	255.56M
Free Cash Flow	194.56M	395.08M	362.59M	170.62M	-106.75M
Capital Expenditures	-560.89M	-368.13M	-292.08M	-281.13M	-362.30M
Investing & Financing
Investing Cash Flow	-1.02B	-0.02B	-0.76B	-0.24B	-0.32B
Financing Cash Flow	-18.20M	-211.83M	82.70M	-177.54M	82.44M
Dividends Paid	-194.42K	-393.47K	-20.13K	-229.46K	-320.96K
Share Repurchase	-21.41M	—	—	—	—
Operating Activities
Operating Cash Flow	755.45M	763.21M	654.67M	451.75M	255.56M
Net Income	393.35M	774.63M	302.06M	95.49M	-285.03M
Change in Accounts Payable	-57.95M	106.43M	39.04M	-36.70M	107.82M
Change in Accounts Receivable	43.69M	-55.00M	-1.45M	114.59M	-179.74M
Change in Inventory	67.35M	-76.23M	-75.07M	-79.09M	31.24M
Change in Other Net Operating Assets	-55.19M	3.33M	—	—	—
Change in Working Capital	-2.09M	-21.47M	-37.48M	-1.20M	-40.68M
Other Operating Activities	18.41M	87.34M	89.50M	67.35M	111.78M
Provision & Write-off of Bad Debts	8.47M	-2.87M	37.32M	11.63M	70.18M
Depreciation & Amortization	292.41M	235.75M	225.81M	228.26M	263.67M
Other Amortization	12.25M	10.78M	8.65M	10.13M	6.33M
Cash Interest Paid	25.67M	30.83M	79.52M	39.32M	30.87M
Cash Income Tax Paid	277.25K	—	—	—	—
Miscellaneous Cash Flow Adjustments	—	—	741.18M	—	—
Loss (Gain) on Equity Investments	4.76M	-24.04M	-21.74M	-3.30M	—
Asset Writedown & Restructuring Costs	—	—	2.03M	10.01M	83.65M
Investing Activities
Investing Cash Flow	-1.02B	-0.02B	-0.76B	-0.24B	-0.32B
Capital Expenditures	-560.89M	-368.13M	-292.08M	-281.13M	-362.30M
Investment in Securities	-391.82M	342.72M	-540.29M	—	-50.89M
Other Investing Activities	-81.09M	5.32M	—	—	—
Sale (Purchase) of Intangibles	-8.58M	-7.84M	-2.02M	-22.57M	—
Sale of Property, Plant & Equipment	20.12M	7.13M	77.85M	60.69M	88.40M
Loss (Gain) From Sale of Assets	27.90M	59.60M	48.51M	33.39M	45.67M
Loss (Gain) on Sale of Investments	—	-356.51M	—	—	—
Financing Activities
Financing Cash Flow	-18.20M	-211.83M	82.70M	-177.54M	82.44M
Common Dividends Paid	-194.42K	-393.47K	-20.13K	-229.46K	-320.96K
Issuance of Common Stock	—	—	2.08B	—	—
Repurchase of Common Stock	-21.41M	—	—	—	—
Long-Term Debt Issued	1.06B	1.88B	0.48B	0.44B	0.37B
Long-Term Debt Repaid	-1.03B	-2.05B	-1.64B	-0.58B	-0.26B
Net Debt Issued (Repaid)	0.03B	-0.18B	-1.16B	-0.14B	0.11B
Other Financing Activities	-26.52M	-32.89M	-836.04M	-39.32M	-30.87M
Free Cash Flow & Returns
Free Cash Flow	194.56M	395.08M	362.59M	170.62M	-106.75M
Free Cash Flow Growth	-50.8%	+9.0%	+112.5%	—	—
Free Cash Flow Margin	+5.5%	+12.3%	+11.3%	+6.3%	-4.7%
Free Cash Flow Per Share	0.65	1.31	2.12	1.68	-1.05
Levered Free Cash Flow	-103.75M	98.84M	227.62M	61.19M	-31.95M
Unlevered Free Cash Flow	-86.00M	114.43M	270.29M	87.11M	-15.78M
Operating Cash Flow Growth	-1.0%	+16.6%	+44.9%	+76.8%	-42.3%
Net Cash Flow	-285.01M	530.68M	721.92M	30.84M	13.20M
Foreign Exchange Rate Adjustments	-4.08K	92.02K	-91.47K	-354.73K	—

Financials

Annual (SAR)

NADEC

Annual (SAR)