ADX:ADNOCDIST 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	2,794	2,420	2,601	2,749	2,252
Depreciation & Amortization	775.62	785.58	696.04	543.93	637.57
Other Amortization	0.32	0.23	0.53	-	-
Loss (Gain) From Sale of Assets	-43.05	-8.47	-2.61	-2.96	-0.03
Asset Writedown & Restructuring Costs	2.81	5.75	5.15	8.08	1.67
Provision & Write-off of Bad Debts	227.82	35.36	21.84	8.72	6.53
Other Operating Activities	454.88	638.99	368.28	232.02	171.85
Change in Accounts Receivable	80.36	508.35	-142.35	-621.16	-508.47
Change in Inventory	41.22	-368.02	78.78	-245.47	-376.99
Change in Accounts Payable	388.63	229.95	106.04	319.11	-56.97
Change in Other Net Operating Assets	-800.58	-316.54	1,318	1,517	750.03
Operating Cash Flow	3,922	3,931	5,051	4,507	2,878
Operating Cash Flow Growth	-0.24%	-22.17%	12.06%	56.64%	69.86%
Capital Expenditures	-1,181	-1,117	-1,000	-1,063	-603.74
Sale of Property, Plant & Equipment	5.9	23.26	5.97	2.96	0.4
Cash Acquisitions	-	-	-539.1	-	-
Investment in Securities	0.23	-	-70	-	513.93
Other Investing Activities	46.81	81.49	66.88	-1.7	-6.82
Investing Cash Flow	-1,128	-1,012	-1,537	-1,062	-96.24
Short-Term Debt Issued	-	98	-	-	-
Long-Term Debt Issued	-	-	2.79	5,480	-
Total Debt Issued	-	98	2.79	5,480	-
Short-Term Debt Repaid	-58.9	-	-	-	-
Long-Term Debt Repaid	-202.31	-209.58	-202.05	-5,656	-89.97
Total Debt Repaid	-261.21	-209.58	-202.05	-5,656	-89.97
Net Debt Issued (Repaid)	-261.21	-111.59	-199.26	-176.39	-89.97
Repurchase of Common Stock	-10.48	-	-	-	-
Common Dividends Paid	-2,599	-2,614	-2,623	-2,571	-2,571
Other Financing Activities	-302.88	-355.26	-307.87	-206.03	-139.94
Financing Cash Flow	-3,174	-3,081	-3,130	-2,954	-2,801
Foreign Exchange Rate Adjustments	6.31	-98.72	-7.87	-	-
Net Cash Flow	-373.18	-259.9	376.84	491.56	-19.78
Free Cash Flow	2,741	2,815	4,051	3,444	2,274
Free Cash Flow Growth	-2.60%	-30.52%	17.63%	51.46%	196.73%
Free Cash Flow Margin	7.64%	7.94%	11.70%	10.72%	10.87%
Free Cash Flow Per Share	0.22	0.23	0.32	0.28	0.18
Cash Interest Paid	302.88	355.26	307.87	206.03	139.94
Cash Income Tax Paid	268.23	22.24	15.4	-	-
Levered Free Cash Flow	1,404	1,480	3,044	2,318	1,192
Unlevered Free Cash Flow	1,656	1,766	3,315	2,493	1,307
Change in Working Capital	-290.36	53.73	1,361	969.16	-192.39

Source: S&P Global Market Intelligence. Standard template. Financial Sources.