ADX:ABNIC Cash Flow Statement

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

Millions AED. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	2.59	-36.93	-132.76	-33.87	25.03
Depreciation & Amortization	4.44	4.66	4.99	4.37	3.4
Gain (Loss) on Sale of Assets	-	-	-	-0.11	-0
Change in Accounts Receivable	-0.43	-	-	-	-65.77
Reinsurance Recoverable	38.39	-85.85	79.48	-44.88	26.67
Change in Insurance Reserves / Liabilities	98.72	205.77	-3.08	157.37	58.31
Change in Other Net Operating Assets	1.51	5.81	5.17	-8.18	-
Other Operating Activities	-6.61	-19.36	-17.67	-18.41	-12.55
Operating Cash Flow	256.21	77.11	-66.61	55.25	60.6
Operating Cash Flow Growth	232.29%	-	-	-8.82%	-42.59%
Capital Expenditures	-1.8	-1.37	-1	-1.48	-0.62
Sale of Property, Plant & Equipment	2.13	-	-	0.11	0
Investment in Securities	-0.28	-	-0.06	-31.07	0.01
Other Investing Activities	-53.68	-29.47	66.68	61.64	0.21
Investing Cash Flow	-53.62	-35.04	63.07	24.23	-2.56
Long-Term Debt Issued	-	21.09	57.85	-	-
Total Debt Repaid	-188.75	-4.42	-4.81	-40.01	-29.55
Net Debt Issued (Repaid)	-188.75	16.67	53.04	-40.01	-29.55
Common Dividends Paid	-	-	-	-25	-25
Other Financing Activities	-13.02	-24.94	-18.88	-11.19	-10.65
Financing Cash Flow	-201.77	-8.26	34.16	-76.19	-65.2
Net Cash Flow	0.82	33.8	30.61	3.29	-7.16
Free Cash Flow	254.42	75.74	-67.62	53.77	59.98
Free Cash Flow Growth	235.93%	-	-	-10.34%	-42.63%
Free Cash Flow Margin	34.85%	13.34%	-17.81%	23.50%	15.50%
Free Cash Flow Per Share	1.02	0.30	-0.27	0.21	0.24
Cash Interest Paid	-	24.94	18.88	11.19	10.65
Levered Free Cash Flow	395.43	-160.66	-507.24	109.05	36.59
Unlevered Free Cash Flow	403.57	-144.95	-495.21	116.44	44.42
Change in Working Capital	201.27	125.72	81.57	104.31	19.21

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.