WATANI STEEL

Watani Iron Steel Co

9513StocksTadawulMaterials

Financials

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	8.97M	43.30M	21.50M	60.83M	59.71M
Free Cash Flow	5.65M	35.95M	-9.93M	58.85M	54.29M
Capital Expenditures	-3.32M	-7.36M	-31.43M	-1.98M	-5.42M
Investing & Financing
Investing Cash Flow	-3.28M	-7.35M	-31.43M	-1.97M	-5.42M
Financing Cash Flow	1.15M	-33.41M	7.58M	-51.70M	-58.03M
Dividends Paid	—	—	—	—	—
Operating Activities
Operating Cash Flow	8.97M	43.30M	21.50M	60.83M	59.71M
Net Income	-14.87M	9.87M	4.24M	49.55M	47.06M
Change in Accounts Payable	10.67M	4.25M	-4.71M	10.04M	0.15M
Change in Accounts Receivable	-4.96M	-4.02M	—	—	—
Change in Inventory	-6.50M	-1.28M	4.28M	-17.79M	2.06M
Change in Other Net Operating Assets	-1.45M	4.58M	-8.83M	-8.83M	-17.93M
Change in Working Capital	-2.24M	3.54M	-9.26M	-16.59M	-15.72M
Other Operating Activities	6.89M	7.72M	6.61M	7.96M	8.00M
Provision & Write-off of Bad Debts	2.68M	1.34M	—	—	—
Depreciation & Amortization	16.54M	20.84M	19.91M	19.91M	19.74M
Other Amortization	—	—	—	—	0.60M
Cash Interest Paid	4.69M	5.25M	5.52M	6.07M	6.08M
Investing Activities
Investing Cash Flow	-3.28M	-7.35M	-31.43M	-1.97M	-5.42M
Capital Expenditures	-3.32M	-7.36M	-31.43M	-1.98M	-5.42M
Sale (Purchase) of Intangibles	—	—	—	—	—
Sale of Property, Plant & Equipment	40.00K	10.00K	—	15.00K	—
Loss (Gain) From Sale of Assets	-40.00K	-5.16K	0.02K	-14.96K	29.11K
Financing Activities
Financing Cash Flow	1.15M	-33.41M	7.58M	-51.70M	-58.03M
Common Dividends Paid	—	—	—	—	—
Issuance of Common Stock	—	—	—	—	—
Short-Term Debt Issued	242.00M	216.00M	271.00M	237.70M	218.60M
Total Debt Issued	242.00M	216.00M	271.00M	237.70M	218.60M
Long-Term Debt Repaid	—	—	—	-45.40M	-21.90M
Short-Term Debt Repaid	-236.16M	-244.16M	-257.90M	-237.93M	-248.65M
Total Debt Repaid	-236.16M	-244.16M	-257.90M	-283.33M	-270.55M
Net Debt Issued (Repaid)	5.84M	-28.16M	13.10M	-45.63M	-51.95M
Other Financing Activities	-4.69M	-5.25M	-5.52M	-6.07M	-6.08M
Free Cash Flow & Returns
Free Cash Flow	5.65M	35.95M	-9.93M	58.85M	54.29M
Free Cash Flow Growth	-84.3%	—	—	+8.4%	-27.5%
Free Cash Flow Margin	+1.3%	+6.5%	-2.7%	+9.9%	+8.7%
Free Cash Flow Per Share	0.03	0.20	-0.06	0.32	0.30
Levered Free Cash Flow	3.04M	24.16M	-19.68M	32.34M	30.19M
Unlevered Free Cash Flow	6.69M	28.17M	-15.51M	36.70M	34.31M
Operating Cash Flow Growth	-79.3%	+101.4%	-64.7%	+1.9%	-20.8%
Net Cash Flow	6.84M	2.55M	-2.35M	7.16M	-3.74M

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	8.97M	43.30M	21.50M	60.83M	59.71M
Free Cash Flow	5.65M	35.95M	-9.93M	58.85M	54.29M
Capital Expenditures	-3.32M	-7.36M	-31.43M	-1.98M	-5.42M
Investing & Financing
Investing Cash Flow	-3.28M	-7.35M	-31.43M	-1.97M	-5.42M
Financing Cash Flow	1.15M	-33.41M	7.58M	-51.70M	-58.03M
Dividends Paid	—	—	—	—	—
Operating Activities
Operating Cash Flow	8.97M	43.30M	21.50M	60.83M	59.71M
Net Income	-14.87M	9.87M	4.24M	49.55M	47.06M
Change in Accounts Payable	10.67M	4.25M	-4.71M	10.04M	0.15M
Change in Accounts Receivable	-4.96M	-4.02M	—	—	—
Change in Inventory	-6.50M	-1.28M	4.28M	-17.79M	2.06M
Change in Other Net Operating Assets	-1.45M	4.58M	-8.83M	-8.83M	-17.93M
Change in Working Capital	-2.24M	3.54M	-9.26M	-16.59M	-15.72M
Other Operating Activities	6.89M	7.72M	6.61M	7.96M	8.00M
Provision & Write-off of Bad Debts	2.68M	1.34M	—	—	—
Depreciation & Amortization	16.54M	20.84M	19.91M	19.91M	19.74M
Other Amortization	—	—	—	—	0.60M
Cash Interest Paid	4.69M	5.25M	5.52M	6.07M	6.08M
Investing Activities
Investing Cash Flow	-3.28M	-7.35M	-31.43M	-1.97M	-5.42M
Capital Expenditures	-3.32M	-7.36M	-31.43M	-1.98M	-5.42M
Sale (Purchase) of Intangibles	—	—	—	—	—
Sale of Property, Plant & Equipment	40.00K	10.00K	—	15.00K	—
Loss (Gain) From Sale of Assets	-40.00K	-5.16K	0.02K	-14.96K	29.11K
Financing Activities
Financing Cash Flow	1.15M	-33.41M	7.58M	-51.70M	-58.03M
Common Dividends Paid	—	—	—	—	—
Issuance of Common Stock	—	—	—	—	—
Short-Term Debt Issued	242.00M	216.00M	271.00M	237.70M	218.60M
Total Debt Issued	242.00M	216.00M	271.00M	237.70M	218.60M
Long-Term Debt Repaid	—	—	—	-45.40M	-21.90M
Short-Term Debt Repaid	-236.16M	-244.16M	-257.90M	-237.93M	-248.65M
Total Debt Repaid	-236.16M	-244.16M	-257.90M	-283.33M	-270.55M
Net Debt Issued (Repaid)	5.84M	-28.16M	13.10M	-45.63M	-51.95M
Other Financing Activities	-4.69M	-5.25M	-5.52M	-6.07M	-6.08M
Free Cash Flow & Returns
Free Cash Flow	5.65M	35.95M	-9.93M	58.85M	54.29M
Free Cash Flow Growth	-84.3%	—	—	+8.4%	-27.5%
Free Cash Flow Margin	+1.3%	+6.5%	-2.7%	+9.9%	+8.7%
Free Cash Flow Per Share	0.03	0.20	-0.06	0.32	0.30
Levered Free Cash Flow	3.04M	24.16M	-19.68M	32.34M	30.19M
Unlevered Free Cash Flow	6.69M	28.17M	-15.51M	36.70M	34.31M
Operating Cash Flow Growth	-79.3%	+101.4%	-64.7%	+1.9%	-20.8%
Net Cash Flow	6.84M	2.55M	-2.35M	7.16M	-3.74M