MEDGULF

Mediterranean & Gulf Cooperative Insurance & Reinsurance Co.

8030StocksTadawulInsurance

Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Quarterly (SAR)

1-5

	Q4 2025Dec 31, 2025	Q3 2025Sep 30, 2025	Q2 2025Jun 30, 2025	Q1 2025Mar 31, 2025	Q4 2024Dec 31, 2024
Operations
Operating Cash Flow	-479.71M	230.01M	-5.10M	259.77M	-155.88M
Free Cash Flow	-463.73M	215.41M	-16.58M	254.10M	-158.72M
Capital Expenditures	15.98M	-14.60M	-11.49M	-5.66M	-2.84M
Investing & Financing
Investing Cash Flow	43.67M	4.00M	-98.90M	51.27M	34.44M
Financing Cash Flow	-0.34M	-4.53M	—	-5.63M	—
Operating Activities
Operating Cash Flow	-479.71M	230.01M	-5.10M	259.77M	-155.88M
Net Income	4.99M	17.90M	-1.47M	19.64M	3.00M
Change Accounts Payable Insurance	—	—	—	—	—
Change Accounts Receivable Insurance	-83.00M	-0.50M	0.89M	1.98M	-1.71M
Change in Unearned Revenue	—	—	—	—	—
Change in Working Capital	-506.72M	217.63M	-19.70M	235.13M	-157.18M
Change Insurance Reserves Liabilities	-430.88M	75.04M	83.78M	94.84M	-92.87M
Change Other Net Oper Assets Insurance	6.74M	143.08M	-96.85M	45.34M	-105.45M
Other Operating Activities Insurance	-3.60M	-15.45M	9.58M	-1.19M	-4.29M
Depreciation & Amortization	-2.35M	7.15M	7.44M	6.18M	3.19M
Other Amortization	8.41M	—	—	—	7.77M
Cash Interest Paid	—	—	—	—	—
Reinsurance Recoverable CF	24.89M	-2.15M	-3.60M	73.90M	39.35M
Miscellaneous Cash Flow Adjustments	—	—	—	—	—
Investing Activities
Investing Cash Flow	43.67M	4.00M	-98.90M	51.27M	34.44M
Capex Insurance	15.98M	-14.60M	-11.49M	-5.66M	-2.84M
Cash Acquisitions	267.41M	—	—	—	—
Investment in Securities	-224.11M	18.60M	-87.79M	56.93M	-16.26M
Other Investing Activities	0.88M	—	0.38M	—	1.75M
Sale Of Intangibles Insurance	-16.49M	—	—	—	-0.39M
Gain Assets CF Insurance	—	—	—	—	-22.19M
Loss (Gain) on Sale of Investments	19.84M	3.12M	—	—	13.53M
Financing Activities
Financing Cash Flow	-0.34M	-4.53M	—	-5.63M	—
Common Issued Insurance	—	—	—	—	—
Long-Term Debt Repaid	—	—	—	-5.63M	—
Net Debt Issued Insurance	-0.34M	-4.53M	—	-5.63M	—
Other Financing Activities Insurance	—	—	—	—	—
Total Debt Repaid Insurance	-0.34M	-4.53M	—	-5.63M	—
Free Cash Flow & Returns
Free Cash Flow	-463.73M	215.41M	-16.58M	254.10M	-158.72M
Free Cash Flow Growth	—	+228.5%	—	+177.7%	—
Free Cash Flow Margin	-36.6%	+20.7%	-1.6%	+25.0%	-16.7%
Free Cash Flow Per Share	-1.95	2.05	-0.16	2.42	-1.51
Levered Free Cash Flow	0.24B	-0.30B	-0.31B	0.18B	0.50B
Unlevered Free Cash Flow	0.24B	-0.30B	-0.31B	0.18B	0.50B
Operating Cash Flow Growth	—	+244.5%	—	+182.4%	—
Net Cash Flow	-436.38M	229.49M	-104.00M	305.41M	-121.44M

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Quarterly (SAR)

1-5

	Q4 2025Dec 31, 2025	Q3 2025Sep 30, 2025	Q2 2025Jun 30, 2025	Q1 2025Mar 31, 2025	Q4 2024Dec 31, 2024
Operations
Operating Cash Flow	-479.71M	230.01M	-5.10M	259.77M	-155.88M
Free Cash Flow	-463.73M	215.41M	-16.58M	254.10M	-158.72M
Capital Expenditures	15.98M	-14.60M	-11.49M	-5.66M	-2.84M
Investing & Financing
Investing Cash Flow	43.67M	4.00M	-98.90M	51.27M	34.44M
Financing Cash Flow	-0.34M	-4.53M	—	-5.63M	—
Operating Activities
Operating Cash Flow	-479.71M	230.01M	-5.10M	259.77M	-155.88M
Net Income	4.99M	17.90M	-1.47M	19.64M	3.00M
Change Accounts Payable Insurance	—	—	—	—	—
Change Accounts Receivable Insurance	-83.00M	-0.50M	0.89M	1.98M	-1.71M
Change in Unearned Revenue	—	—	—	—	—
Change in Working Capital	-506.72M	217.63M	-19.70M	235.13M	-157.18M
Change Insurance Reserves Liabilities	-430.88M	75.04M	83.78M	94.84M	-92.87M
Change Other Net Oper Assets Insurance	6.74M	143.08M	-96.85M	45.34M	-105.45M
Other Operating Activities Insurance	-3.60M	-15.45M	9.58M	-1.19M	-4.29M
Depreciation & Amortization	-2.35M	7.15M	7.44M	6.18M	3.19M
Other Amortization	8.41M	—	—	—	7.77M
Cash Interest Paid	—	—	—	—	—
Reinsurance Recoverable CF	24.89M	-2.15M	-3.60M	73.90M	39.35M
Miscellaneous Cash Flow Adjustments	—	—	—	—	—
Investing Activities
Investing Cash Flow	43.67M	4.00M	-98.90M	51.27M	34.44M
Capex Insurance	15.98M	-14.60M	-11.49M	-5.66M	-2.84M
Cash Acquisitions	267.41M	—	—	—	—
Investment in Securities	-224.11M	18.60M	-87.79M	56.93M	-16.26M
Other Investing Activities	0.88M	—	0.38M	—	1.75M
Sale Of Intangibles Insurance	-16.49M	—	—	—	-0.39M
Gain Assets CF Insurance	—	—	—	—	-22.19M
Loss (Gain) on Sale of Investments	19.84M	3.12M	—	—	13.53M
Financing Activities
Financing Cash Flow	-0.34M	-4.53M	—	-5.63M	—
Common Issued Insurance	—	—	—	—	—
Long-Term Debt Repaid	—	—	—	-5.63M	—
Net Debt Issued Insurance	-0.34M	-4.53M	—	-5.63M	—
Other Financing Activities Insurance	—	—	—	—	—
Total Debt Repaid Insurance	-0.34M	-4.53M	—	-5.63M	—
Free Cash Flow & Returns
Free Cash Flow	-463.73M	215.41M	-16.58M	254.10M	-158.72M
Free Cash Flow Growth	—	+228.5%	—	+177.7%	—
Free Cash Flow Margin	-36.6%	+20.7%	-1.6%	+25.0%	-16.7%
Free Cash Flow Per Share	-1.95	2.05	-0.16	2.42	-1.51
Levered Free Cash Flow	0.24B	-0.30B	-0.31B	0.18B	0.50B
Unlevered Free Cash Flow	0.24B	-0.30B	-0.31B	0.18B	0.50B
Operating Cash Flow Growth	—	+244.5%	—	+182.4%	—
Net Cash Flow	-436.38M	229.49M	-104.00M	305.41M	-121.44M