TADWEEER

National Environmental Recycling Co.

9540StocksTadawulIndustrials

Financials

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	-71.62M	-6.14M	-21.72M	-12.87M	-41.83M
Free Cash Flow	-71.62M	-54.55M	-57.79M	-65.94M	-59.63M
Capital Expenditures	—	-48.41M	-36.07M	-53.07M	-17.80M
Investing & Financing
Investing Cash Flow	-88.66M	-48.39M	-37.14M	-44.46M	-17.51M
Financing Cash Flow	160.99M	61.22M	65.36M	18.69M	84.66M
Operating Activities
Operating Cash Flow	-71.62M	-6.14M	-21.72M	-12.87M	-41.83M
Net Income	60.89M	36.16M	25.80M	18.12M	11.26M
Change in Accounts Payable	—	-19.91M	15.09M	0.19M	4.03M
Change in Accounts Receivable	—	-0.00M	-14.62M	-6.68M	-21.54M
Change in Inventory	—	-66.68M	-23.61M	-24.76M	-29.34M
Change in Other Net Operating Assets	—	24.99M	-27.01M	-7.45M	-9.56M
Change in Working Capital	—	-61.60M	-50.14M	-38.69M	-56.42M
Other Operating Activities	-132.51M	9.01M	-2.06M	3.44M	0.25M
Provision & Write-off of Bad Debts	—	1.30M	0.12M	0.89M	0.06M
Depreciation & Amortization	—	8.79M	4.53M	4.65M	2.89M
Stock-Based Compensation	—	202.30K	201.73K	—	—
Cash Interest Paid	—	4.88M	1.50M	0.80M	—
Miscellaneous Cash Flow Adjustments	1.00K	—	—	—	—
Investing Activities
Investing Cash Flow	-88.66M	-48.39M	-37.14M	-44.46M	-17.51M
Capital Expenditures	—	-48.41M	-36.07M	-53.07M	-17.80M
Cash Acquisitions	—	—	—	—	289.43K
Divestitures	—	—	792.58K	—	—
Other Investing Activities	-88.66M	—	—	—	—
Sale (Purchase) of Real Estate	—	—	-1.87M	—	—
Sale of Property, Plant & Equipment	—	0.02M	—	8.61M	—
Loss (Gain) From Sale of Assets	—	-10.17K	—	1.77K	118.22K
Financing Activities
Financing Cash Flow	160.99M	61.22M	65.36M	18.69M	84.66M
Issuance of Common Stock	—	—	19.42M	—	80.92M
Long-Term Debt Issued	—	239.20M	95.88M	21.73M	6.00M
Long-Term Debt Repaid	—	-173.10M	-48.44M	-2.24M	-2.25M
Net Debt Issued (Repaid)	—	66.10M	47.44M	19.49M	3.75M
Other Financing Activities	160.99M	-4.88M	-1.50M	-0.80M	—
Free Cash Flow & Returns
Free Cash Flow	-71.62M	-54.55M	-57.79M	-65.94M	-59.63M
Free Cash Flow Margin	-5.8%	-6.8%	-9.1%	-16.4%	-38.8%
Free Cash Flow Per Share	-0.32	-0.23	-0.24	-0.28	-0.34
Levered Free Cash Flow	—	-75.00M	-69.96M	-71.13M	-63.61M
Unlevered Free Cash Flow	—	-70.07M	-67.80M	-70.58M	-63.49M
Net Cash Flow	0.71M	6.69M	6.49M	-38.63M	25.32M

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	-71.62M	-6.14M	-21.72M	-12.87M	-41.83M
Free Cash Flow	-71.62M	-54.55M	-57.79M	-65.94M	-59.63M
Capital Expenditures	—	-48.41M	-36.07M	-53.07M	-17.80M
Investing & Financing
Investing Cash Flow	-88.66M	-48.39M	-37.14M	-44.46M	-17.51M
Financing Cash Flow	160.99M	61.22M	65.36M	18.69M	84.66M
Operating Activities
Operating Cash Flow	-71.62M	-6.14M	-21.72M	-12.87M	-41.83M
Net Income	60.89M	36.16M	25.80M	18.12M	11.26M
Change in Accounts Payable	—	-19.91M	15.09M	0.19M	4.03M
Change in Accounts Receivable	—	-0.00M	-14.62M	-6.68M	-21.54M
Change in Inventory	—	-66.68M	-23.61M	-24.76M	-29.34M
Change in Other Net Operating Assets	—	24.99M	-27.01M	-7.45M	-9.56M
Change in Working Capital	—	-61.60M	-50.14M	-38.69M	-56.42M
Other Operating Activities	-132.51M	9.01M	-2.06M	3.44M	0.25M
Provision & Write-off of Bad Debts	—	1.30M	0.12M	0.89M	0.06M
Depreciation & Amortization	—	8.79M	4.53M	4.65M	2.89M
Stock-Based Compensation	—	202.30K	201.73K	—	—
Cash Interest Paid	—	4.88M	1.50M	0.80M	—
Miscellaneous Cash Flow Adjustments	1.00K	—	—	—	—
Investing Activities
Investing Cash Flow	-88.66M	-48.39M	-37.14M	-44.46M	-17.51M
Capital Expenditures	—	-48.41M	-36.07M	-53.07M	-17.80M
Cash Acquisitions	—	—	—	—	289.43K
Divestitures	—	—	792.58K	—	—
Other Investing Activities	-88.66M	—	—	—	—
Sale (Purchase) of Real Estate	—	—	-1.87M	—	—
Sale of Property, Plant & Equipment	—	0.02M	—	8.61M	—
Loss (Gain) From Sale of Assets	—	-10.17K	—	1.77K	118.22K
Financing Activities
Financing Cash Flow	160.99M	61.22M	65.36M	18.69M	84.66M
Issuance of Common Stock	—	—	19.42M	—	80.92M
Long-Term Debt Issued	—	239.20M	95.88M	21.73M	6.00M
Long-Term Debt Repaid	—	-173.10M	-48.44M	-2.24M	-2.25M
Net Debt Issued (Repaid)	—	66.10M	47.44M	19.49M	3.75M
Other Financing Activities	160.99M	-4.88M	-1.50M	-0.80M	—
Free Cash Flow & Returns
Free Cash Flow	-71.62M	-54.55M	-57.79M	-65.94M	-59.63M
Free Cash Flow Margin	-5.8%	-6.8%	-9.1%	-16.4%	-38.8%
Free Cash Flow Per Share	-0.32	-0.23	-0.24	-0.28	-0.34
Levered Free Cash Flow	—	-75.00M	-69.96M	-71.13M	-63.61M
Unlevered Free Cash Flow	—	-70.07M	-67.80M	-70.58M	-63.49M
Net Cash Flow	0.71M	6.69M	6.49M	-38.63M	25.32M