ADX:ABNIC Cash Flow Statement

Financials in millions AED. Fiscal year is January - December.

Millions AED. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2015 - 2019
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2015 - 2019
Net Income	55.19	-36.93	-132.76	-33.87	25.03	23.99	Upgrade
Depreciation & Amortization	4.38	4.66	4.99	4.37	3.4	3.36	Upgrade
Gain (Loss) on Sale of Assets	-	-	-	-0.11	-0	-28	Upgrade
Change in Accounts Receivable	10.49	-	-	-	-65.77	33.59	Upgrade
Reinsurance Recoverable	-33.35	-85.85	79.48	-44.88	26.67	20.09	Upgrade
Change in Insurance Reserves / Liabilities	101.89	205.77	-3.08	157.37	58.31	16.89	Upgrade
Change in Other Net Operating Assets	17.54	5.81	5.17	-8.18	-	-	Upgrade
Other Operating Activities	-30.48	-19.36	-17.67	-18.41	-12.55	4.92	Upgrade
Operating Cash Flow	206.19	77.11	-66.61	55.25	60.6	105.55	Upgrade
Operating Cash Flow Growth	326.26%	-	-	-8.82%	-42.59%	-12.20%	Upgrade
Capital Expenditures	-0.87	-1.37	-1	-1.48	-0.62	-1.01	Upgrade
Sale of Property, Plant & Equipment	0.59	-	-	0.11	0	-	Upgrade
Investment in Securities	-0.28	-	-0.06	-31.07	0.01	0.45	Upgrade
Other Investing Activities	8.47	-29.47	66.68	61.64	0.21	37.34	Upgrade
Investing Cash Flow	3.71	-35.04	63.07	24.23	-2.56	36.78	Upgrade
Long-Term Debt Issued	-	21.09	57.85	-	-	-	Upgrade
Total Debt Repaid	-156.71	-4.42	-4.81	-40.01	-29.55	-128.13	Upgrade
Net Debt Issued (Repaid)	-219.54	16.67	53.04	-40.01	-29.55	-128.13	Upgrade
Common Dividends Paid	-	-	-	-25	-25	-	Upgrade
Other Financing Activities	-18.11	-24.94	-18.88	-11.19	-10.65	-16.23	Upgrade
Financing Cash Flow	-237.65	-8.26	34.16	-76.19	-65.2	-144.36	Upgrade
Net Cash Flow	-27.75	33.8	30.61	3.29	-7.16	-2.02	Upgrade
Free Cash Flow	205.32	75.74	-67.62	53.77	59.98	104.55	Upgrade
Free Cash Flow Growth	331.54%	-	-	-10.34%	-42.63%	-12.35%	Upgrade
Free Cash Flow Margin	30.31%	13.34%	-17.81%	23.50%	15.50%	33.21%	Upgrade
Free Cash Flow Per Share	0.82	0.30	-0.27	0.21	0.24	0.42	Upgrade
Cash Interest Paid	24.94	24.94	18.88	11.19	10.65	16.23	Upgrade
Levered Free Cash Flow	412.97	-160.66	-507.24	109.05	36.59	95.57	Upgrade
Unlevered Free Cash Flow	424.45	-144.95	-495.21	116.44	44.42	106.88	Upgrade
Change in Working Capital	174.09	125.72	81.57	104.31	19.21	70.56	Upgrade

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.