MOLAN

Molan Steel Company

9553StocksTadawulIndustrials

Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual Semi-annual

Semi-annual (SAR)

1-5

	H2 2025Dec 31, 2025	H1 2025Jun 30, 2025	H2 2024Dec 31, 2024	H1 2024Jun 30, 2024	H2 2023Dec 31, 2023
Operations
Operating Cash Flow	6.10M	-3.96M	5.64M	0.55M	-1.84M
Free Cash Flow	6.11M	-3.97M	5.63M	0.55M	-1.87M
Capital Expenditures	7.65K	-7.65K	-13.05K	-4.45K	-25.23K
Investing & Financing
Investing Cash Flow	-0.03M	-0.01M	-5.01M	-0.03M	6.99M
Financing Cash Flow	-10.02M	4.21M	0.47M	-7.41M	-1.07M
Dividends Paid	—	—	—	—	—
Share Repurchase	—	—	—	—	—
Operating Activities
Operating Cash Flow	6.10M	-3.96M	5.64M	0.55M	-1.84M
Net Income	-19.03M	-2.81M	-4.58M	-2.50M	-1.63M
Change in Accounts Payable	12.95M	-12.95M	1.52M	-1.26M	-3.65M
Change in Accounts Receivable	-5.20M	5.20M	-3.92M	2.12M	1.28M
Change in Inventory	-5.36M	5.36M	3.46M	-4.20M	9.46M
Change in Other Net Operating Assets	0.48M	-0.48M	5.16M	5.11M	-7.54M
Change in Working Capital	2.86M	-2.86M	6.23M	1.77M	-0.45M
Other Operating Activities	23.68M	0.31M	2.75M	0.52M	-0.55M
Provision & Write-off of Bad Debts	-140.20K	140.20K	265.23K	—	76.34K
Depreciation & Amortization	-1.26M	1.26M	0.92M	0.77M	0.55M
Other Amortization	—	—	41.80K	—	38.05K
Cash Interest Paid	—	0.57M	0.56M	0.73M	1.11M
Miscellaneous Cash Flow Adjustments	—	—	683.87K	—	—
Investing Activities
Investing Cash Flow	-0.03M	-0.01M	-5.01M	-0.03M	6.99M
Capital Expenditures	7.65K	-7.65K	-13.05K	-4.45K	-25.23K
Cash Acquisitions	—	—	-5.00M	—	—
Investment in Securities	—	—	—	—	7.00M
Other Investing Activities	-35.00K	—	—	—	—
Sale (Purchase) of Intangibles	—	—	—	-25.00K	—
Sale of Property, Plant & Equipment	—	—	—	—	15.48K
Loss (Gain) From Sale of Assets	-3.35K	3.35K	6.98K	-6.98K	-15.48K
Loss (Gain) on Sale of Investments	—	—	—	—	138.11K
Financing Activities
Financing Cash Flow	-10.02M	4.21M	0.47M	-7.41M	-1.07M
Common Dividends Paid	—	—	—	—	—
Issuance of Common Stock	—	—	—	—	—
Repurchase of Common Stock	—	—	—	—	—
Short-Term Debt Issued	—	23.68M	—	34.16M	—
Total Debt Issued	-23.68M	23.68M	15.53M	34.16M	38.57M
Long-Term Debt Repaid	—	-930.96K	—	-854.70K	—
Short-Term Debt Repaid	—	-17.97M	—	-39.99M	—
Total Debt Repaid	18.90M	-18.90M	-15.07M	-40.84M	-39.64M
Net Debt Issued (Repaid)	-4.79M	4.79M	0.47M	-6.68M	-1.07M
Other Financing Activities	-5.23M	-0.57M	—	-0.73M	—
Free Cash Flow & Returns
Free Cash Flow	6.11M	-3.97M	5.63M	0.55M	-1.87M
Free Cash Flow Growth	+8.5%	—	—	—	—
Free Cash Flow Margin	+22.0%	-11.9%	+12.1%	+1.4%	-4.1%
Free Cash Flow Per Share	0.23	-0.15	0.21	0.02	-0.07
Levered Free Cash Flow	3.93M	-3.93M	31.54M	0.56M	-1.74M
Unlevered Free Cash Flow	3.26M	-3.26M	32.06M	1.07M	-1.04M
Operating Cash Flow Growth	+8.1%	—	—	—	—
Net Cash Flow	-3.95M	0.25M	1.78M	-6.88M	4.08M

Income Statement Balance Sheet Cash Flow Ratios

Annual Semi-annual

Semi-annual (SAR)

1-5

	H2 2025Dec 31, 2025	H1 2025Jun 30, 2025	H2 2024Dec 31, 2024	H1 2024Jun 30, 2024	H2 2023Dec 31, 2023
Operations
Operating Cash Flow	6.10M	-3.96M	5.64M	0.55M	-1.84M
Free Cash Flow	6.11M	-3.97M	5.63M	0.55M	-1.87M
Capital Expenditures	7.65K	-7.65K	-13.05K	-4.45K	-25.23K
Investing & Financing
Investing Cash Flow	-0.03M	-0.01M	-5.01M	-0.03M	6.99M
Financing Cash Flow	-10.02M	4.21M	0.47M	-7.41M	-1.07M
Dividends Paid	—	—	—	—	—
Share Repurchase	—	—	—	—	—
Operating Activities
Operating Cash Flow	6.10M	-3.96M	5.64M	0.55M	-1.84M
Net Income	-19.03M	-2.81M	-4.58M	-2.50M	-1.63M
Change in Accounts Payable	12.95M	-12.95M	1.52M	-1.26M	-3.65M
Change in Accounts Receivable	-5.20M	5.20M	-3.92M	2.12M	1.28M
Change in Inventory	-5.36M	5.36M	3.46M	-4.20M	9.46M
Change in Other Net Operating Assets	0.48M	-0.48M	5.16M	5.11M	-7.54M
Change in Working Capital	2.86M	-2.86M	6.23M	1.77M	-0.45M
Other Operating Activities	23.68M	0.31M	2.75M	0.52M	-0.55M
Provision & Write-off of Bad Debts	-140.20K	140.20K	265.23K	—	76.34K
Depreciation & Amortization	-1.26M	1.26M	0.92M	0.77M	0.55M
Other Amortization	—	—	41.80K	—	38.05K
Cash Interest Paid	—	0.57M	0.56M	0.73M	1.11M
Miscellaneous Cash Flow Adjustments	—	—	683.87K	—	—
Investing Activities
Investing Cash Flow	-0.03M	-0.01M	-5.01M	-0.03M	6.99M
Capital Expenditures	7.65K	-7.65K	-13.05K	-4.45K	-25.23K
Cash Acquisitions	—	—	-5.00M	—	—
Investment in Securities	—	—	—	—	7.00M
Other Investing Activities	-35.00K	—	—	—	—
Sale (Purchase) of Intangibles	—	—	—	-25.00K	—
Sale of Property, Plant & Equipment	—	—	—	—	15.48K
Loss (Gain) From Sale of Assets	-3.35K	3.35K	6.98K	-6.98K	-15.48K
Loss (Gain) on Sale of Investments	—	—	—	—	138.11K
Financing Activities
Financing Cash Flow	-10.02M	4.21M	0.47M	-7.41M	-1.07M
Common Dividends Paid	—	—	—	—	—
Issuance of Common Stock	—	—	—	—	—
Repurchase of Common Stock	—	—	—	—	—
Short-Term Debt Issued	—	23.68M	—	34.16M	—
Total Debt Issued	-23.68M	23.68M	15.53M	34.16M	38.57M
Long-Term Debt Repaid	—	-930.96K	—	-854.70K	—
Short-Term Debt Repaid	—	-17.97M	—	-39.99M	—
Total Debt Repaid	18.90M	-18.90M	-15.07M	-40.84M	-39.64M
Net Debt Issued (Repaid)	-4.79M	4.79M	0.47M	-6.68M	-1.07M
Other Financing Activities	-5.23M	-0.57M	—	-0.73M	—
Free Cash Flow & Returns
Free Cash Flow	6.11M	-3.97M	5.63M	0.55M	-1.87M
Free Cash Flow Growth	+8.5%	—	—	—	—
Free Cash Flow Margin	+22.0%	-11.9%	+12.1%	+1.4%	-4.1%
Free Cash Flow Per Share	0.23	-0.15	0.21	0.02	-0.07
Levered Free Cash Flow	3.93M	-3.93M	31.54M	0.56M	-1.74M
Unlevered Free Cash Flow	3.26M	-3.26M	32.06M	1.07M	-1.04M
Operating Cash Flow Growth	+8.1%	—	—	—	—
Net Cash Flow	-3.95M	0.25M	1.78M	-6.88M	4.08M