SiS closed FY2024 with QAR 125.0 million in net cash and cash equivalents, up from QAR 117.0 million the year before — a QAR 8.0 million increase that marks a shift toward steady-state liquidity, following the exceptional recovery of FY2023. This year's improvement was modest and supported by internal cash generation and refinancing, rather than extraordinary asset sales or working capital reversals. Profit before tax rose to QAR 58.2 million, but cash was constrained by rising reinvestment needs and resumed shareholder distributions. The uplift in cash was the result of: • QAR 188.1 million in operating inflows, despite a working capital outflow, • QAR 106.7 million in investing outflows, primarily QAR 129.5M in capex and lower proceeds from disposals, • QAR 73.4 million in financing outflows, reflecting dividends, interest payments, and minority acquisitions, partially offset by QAR 607.0M in new debt raised. The reported QAR 125.0 million in cash and cash equivalents is conservatively presented, excluding: • QAR 54.0 million in term deposits with original maturities over three months, • QAR 1.9 million in margin deposits, and • QAR 58.3 million in overdrafts. This ensures only freely available cash is reported, in line with IFRS guidance and consistent with prior years. SiS enters FY2025 with stable cash reserves, a carefully managed financial structure, and growing reliance on operating performance to sustain liquidity — marking a shift from extraordinary inflows to disciplined cash execution.