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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	73.98	71.48	25.03	-7.98	-20.91	18.69
Depreciation & Amortization	15.8	15.68	15	14.93	18.32	17.62
Gain (Loss) on Sale of Assets	-0.28	-0.28	-0.04	-0.06	-0.01	-0.22
Gain (Loss) on Sale of Investments	-1.79	-9.49	-11.15	1.9	-0.94	-5.07
Change in Accounts Receivable	-	-	-	-	-8.42	-8.3
Reinsurance Recoverable	31.91	68.11	-59	-31.76	-34.94	-0.69
Change in Accounts Payable	-	-	-	-	2.5	-
Change in Insurance Reserves / Liabilities	23.81	34.51	142.01	83.07	56.74	-3.22
Change in Other Net Operating Assets	8.38	5.92	6.18	4.84	-	0.46
Other Operating Activities	-24.45	-22.59	-14.86	-12.31	-7.45	-10.22
Operating Cash Flow	129.59	165.55	102.11	50.15	5.17	7.66
Operating Cash Flow Growth	-3.96%	62.13%	103.60%	870.70%	-32.54%	-62.35%
Capital Expenditures	-2.64	-2.5	-1.45	-1.34	-1.03	-2.28
Sale of Property, Plant & Equipment	0.28	0.28	0.03	0.08	0.01	0.22
Investment in Securities	-219.88	-225.89	-22.95	-47.11	10.86	20.94
Other Investing Activities	29.34	27.61	19.99	12.29	10.51	10.56
Investing Cash Flow	-192.92	-200.51	-4.38	-36.08	20.36	29.44
Total Debt Repaid	-13.85	-13.95	-12.97	-12.53	-11.41	-16.09
Net Debt Issued (Repaid)	-13.85	-13.95	-12.97	-12.53	-11.41	-16.09
Common Dividends Paid	-13.31	-	-	-	-13.31	-18.15
Financing Cash Flow	-27.16	-13.95	-12.97	-12.53	-24.72	-34.24
Net Cash Flow	-90.49	-48.91	84.76	1.54	0.81	2.85
Free Cash Flow	126.94	163.05	100.67	48.81	4.14	5.38
Free Cash Flow Growth	-4.69%	61.97%	106.24%	1079.90%	-23.07%	-69.55%
Free Cash Flow Margin	17.62%	23.32%	22.38%	16.64%	1.70%	2.83%
Free Cash Flow Per Share	95.37	122.50	75.63	36.67	3.11	4.04
Cash Income Tax Paid	1.62	1.62	-	-	-	-
Levered Free Cash Flow	330.01	140.14	3.64	-	-	1.96
Unlevered Free Cash Flow	330.01	140.14	3.64	-	-	2.06
Change in Working Capital	64.1	108.53	89.2	56.16	15.89	-11.75