ADX:ADNOCLS Cash Flow Statement

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

Millions USD. 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	862.85	756.17	620.16	260.79	54.8
Depreciation & Amortization	524.81	317.34	248.53	156.4	103.21
Other Amortization	1.82	1.89	1.23	-	3.98
Loss (Gain) From Sale of Assets	-11.38	-1.68	-1.96	-0.13	-0.97
Asset Writedown & Restructuring Costs	-	-	-	0.43	1.47
Loss (Gain) on Equity Investments	-33.99	-14.2	-14.07	-2.03	-1.06
Provision & Write-off of Bad Debts	10.45	-4.11	-1.62	6.17	0.59
Other Operating Activities	56.89	93.9	25.68	48.7	98.15
Change in Accounts Receivable	-139.67	-28.05	-103.9	-27.89	-4.99
Change in Inventory	28.78	-12.66	-15.91	-37.83	-14.96
Change in Accounts Payable	-101.98	102.08	245.23	83.52	25.74
Change in Other Net Operating Assets	172.17	-141.82	-180.73	-206.78	236.79
Operating Cash Flow	1,371	1,069	822.65	281.36	502.74
Operating Cash Flow Growth	28.24%	29.93%	192.38%	-44.03%	784.81%
Capital Expenditures	-1,107	-810.85	-774.02	-421.64	-765.65
Sale of Property, Plant & Equipment	77.58	2.75	3.73	2.25	0.97
Cash Acquisitions	-825.24	-	-	-1,341	-
Sale (Purchase) of Intangibles	-0.05	-	-	-	-
Investment in Securities	-85.38	-176.87	-	12.19	-52.39
Other Investing Activities	1.68	-216.08	7.68	3.52	0.27
Investing Cash Flow	-1,938	-1,201	-762.6	-1,744	-816.8
Long-Term Debt Issued	1,665	450	100	1,300	599.92
Long-Term Debt Repaid	-2,389	-52.86	-31.09	-16.04	-13.82
Net Debt Issued (Repaid)	-724.05	397.14	68.91	1,284	586.1
Issuance of Common Stock	1,979	-	-	-	-
Repurchase of Common Stock	-69.61	-	-	-	-
Common Dividends Paid	-380.25	-266.5	-65	-	-
Other Financing Activities	-98.63	-15.25	-13.18	-24.6	-0.73
Financing Cash Flow	706.09	115.39	-9.27	1,259	585.37
Net Cash Flow	138.88	-16.79	50.78	-203.51	271.31
Free Cash Flow	264.2	258.01	48.63	-140.27	-262.91
Free Cash Flow Growth	2.40%	430.53%	-	-	-
Free Cash Flow Margin	5.27%	7.27%	1.76%	-7.18%	-22.08%
Free Cash Flow Per Share	0.04	0.04	0.01	-0.14	-0.26
Cash Interest Paid	96.43	15.25	10.21	24.6	0.73
Cash Income Tax Paid	70.78	7.2	0.57	-	-
Levered Free Cash Flow	-213.52	178.66	-256.02	-229.43	-382.27
Unlevered Free Cash Flow	-168.99	182.92	-252.31	-206.94	-377.7
Change in Working Capital	-40.7	-80.44	-55.31	-188.98	242.57

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