ADX:AFNIC 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
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
Net Income	70.63	25.03	-7.98	-20.91	18.69	36.93
Depreciation & Amortization	15.44	15	14.93	18.32	17.62	13.47
Gain (Loss) on Sale of Assets	-0.24	-0.04	-0.06	-0.01	-0.22	-0.88
Gain (Loss) on Sale of Investments	-9.14	-11.31	1.9	-0.94	-5.07	2.11
Change in Accounts Receivable	-	-	-	-8.42	-8.3	5.2
Reinsurance Recoverable	57.3	-59	-31.76	-34.94	-0.69	-11.34
Change in Accounts Payable	-	-	-	2.5	-	-
Change in Insurance Reserves / Liabilities	39.73	142.01	83.07	56.74	-3.22	-22.16
Change in Other Net Operating Assets	2.4	6.34	4.84	-	0.46	-1.41
Other Operating Activities	-20.45	-14.86	-12.31	-7.45	-10.22	-10.69
Operating Cash Flow	154.61	102.11	50.15	5.17	7.66	20.34
Operating Cash Flow Growth	135.14%	103.60%	870.70%	-32.54%	-62.35%	-63.82%
Capital Expenditures	-2.7	-1.45	-1.34	-1.03	-2.28	-2.69
Sale of Property, Plant & Equipment	0.22	0.03	0.08	0.01	0.22	1
Investment in Securities	-204.21	-22.95	-47.11	10.86	20.94	-23.76
Other Investing Activities	26.37	19.99	12.29	10.51	10.56	11.74
Investing Cash Flow	-180.32	-4.38	-36.08	20.36	29.44	-13.7
Total Debt Repaid	-13.47	-12.97	-12.53	-11.41	-16.09	-13.82
Net Debt Issued (Repaid)	-13.47	-12.97	-12.53	-11.41	-16.09	-13.82
Common Dividends Paid	-	-	-	-13.31	-18.15	-8.8
Financing Cash Flow	-13.47	-12.97	-12.53	-24.72	-34.24	-22.62
Net Cash Flow	-39.18	84.76	1.54	0.81	2.85	-15.98
Free Cash Flow	151.91	100.67	48.81	4.14	5.38	17.66
Free Cash Flow Growth	135.12%	106.24%	1079.90%	-23.07%	-69.55%	-66.39%
Free Cash Flow Margin	23.52%	22.38%	16.64%	1.70%	2.83%	7.88%
Free Cash Flow Per Share	114.13	75.63	36.67	3.11	4.04	13.27
Levered Free Cash Flow	330.2	3.64	-	-	1.96	6.28
Unlevered Free Cash Flow	330.2	3.64	-	-	2.06	6.43
Change in Working Capital	99.42	89.35	56.16	15.89	-11.75	-29.7

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