Abu Dhabi Aviation Co. (ADX:ADAVIATION)

Abu Dhabi Aviation Co. Cash Flow Statement

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

Fiscal Year	TTM	FY 2024	FY 2023
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023
Net Income	792.2	1,130	-172.28
Depreciation & Amortization	124.95	96.97	71.69
Other Amortization	2.62	2.62	1.65
Loss (Gain) From Sale of Assets	-5.85	-3.56	0.09
Asset Writedown & Restructuring Costs	-50.66	0.37	1.23
Loss (Gain) From Sale of Investments	-45.44	-43.49	-
Loss (Gain) on Equity Investments	-98.58	-68.9	-
Provision & Write-off of Bad Debts	47.95	-101.25	239.73
Other Operating Activities	238.76	-464.83	1.49
Change in Accounts Receivable	76.74	1,501	-1,002
Change in Inventory	-99.12	-52.49	-127.12
Change in Accounts Payable	246.59	444.47	526.19
Change in Other Net Operating Assets	-148.81	-372.37	161.38
Operating Cash Flow	1,081	2,069	-297.76
Capital Expenditures	-311.44	-255.8	-163.24
Sale of Property, Plant & Equipment	35.09	8.15	-
Cash Acquisitions	-0	477.07	-
Sale (Purchase) of Intangibles	-26.02	-4.2	-12.06
Sale (Purchase) of Real Estate	-9.57	-7.21	-
Investment in Securities	-492.97	-534.1	-
Other Investing Activities	169.13	106.09	76.7
Investing Cash Flow	-635.78	-210.01	-98.59
Long-Term Debt Issued	-	214.03	-
Long-Term Debt Repaid	-	-279.81	-25.45
Net Debt Issued (Repaid)	-29.23	-65.78	-25.45
Other Financing Activities	-629.8	-52.18	-7.2
Financing Cash Flow	-659.03	-117.95	-32.65
Net Cash Flow	-213.38	1,741	-429.01
Free Cash Flow	769.92	1,813	-461
Free Cash Flow Margin	10.15%	25.48%	-6.86%
Free Cash Flow Per Share	0.70	1.91	-0.71
Cash Interest Paid	50.76	52.18	7.2
Levered Free Cash Flow	443.31	684.35	-
Unlevered Free Cash Flow	482.26	718.8	-
Change in Working Capital	75.41	1,521	-441.36

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