Apex Investment PSC (ADX:APEX)

Apex Investment PSC Cash Flow Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	38	75.64	-58.43	187.19	2.98
Depreciation & Amortization	42.12	37.81	32.76	23.21	14.99
Other Amortization	0.05	0.03	-	-	0.29
Loss (Gain) From Sale of Assets	-0.02	-0.01	-0.01	-0.05	-0.03
Asset Writedown & Restructuring Costs	1.35	3.24	0.88	-0.03	-
Loss (Gain) From Sale of Investments	81.3	57.9	129.43	-33.92	-29.39
Loss (Gain) on Equity Investments	-2.98	2.67	7.87	6.5	2.86
Provision & Write-off of Bad Debts	5.56	10.51	-11.1	12.26	-1.79
Other Operating Activities	-1.25	6.1	4.45	2.7	7.35
Change in Accounts Receivable	-67.48	-2.24	322.99	142.06	8.02
Change in Inventory	-64.99	17.39	-19.43	2.29	5.01
Change in Accounts Payable	150.46	0.81	21.04	-135.14	-40.83
Change in Other Net Operating Assets	-13.93	17.88	64.4	-27.14	-1.67
Operating Cash Flow	168.18	227.73	494.85	179.93	-32.21
Operating Cash Flow Growth	-26.15%	-53.98%	175.02%	-	-
Capital Expenditures	-118.81	-22.19	-27.04	-38.44	-4.61
Sale of Property, Plant & Equipment	0.54	1.47	0.39	0.45	0.03
Cash Acquisitions	-	-	-	25.43	-
Sale (Purchase) of Intangibles	-0.24	-	-	-	-
Investment in Securities	-130.87	-129.35	-7.08	-7.1	28.7
Other Investing Activities	3.73	8.03	0.94	-14.35	0.2
Investing Cash Flow	-245.65	-142.04	-32.78	-34.02	24.33
Short-Term Debt Repaid	-	-	-1.16	-6.95	-6.95
Long-Term Debt Repaid	-0.35	-0.2	-0.07	-	-
Total Debt Repaid	-0.35	-0.2	-1.23	-6.95	-6.95
Net Debt Issued (Repaid)	-0.35	-0.2	-1.23	-6.95	-6.95
Common Dividends Paid	-	-	-	-	-0.1
Other Financing Activities	-1.33	-1.44	-1.8	-1.4	-2.4
Financing Cash Flow	-1.68	-1.65	-3.02	-8.35	-9.45
Net Cash Flow	-79.15	84.04	459.04	137.57	-17.33
Free Cash Flow	49.37	205.53	467.81	141.49	-36.81
Free Cash Flow Growth	-75.98%	-56.06%	230.63%	-	-
Free Cash Flow Margin	5.71%	24.10%	64.66%	17.25%	-22.08%
Free Cash Flow Per Share	0.01	0.06	0.13	0.05	-0.07
Cash Interest Paid	1.33	1.44	1.8	1.4	2.4
Cash Income Tax Paid	12.11	-	-	-	-
Levered Free Cash Flow	150.25	141.45	431.78	-606.09	-30.89
Unlevered Free Cash Flow	151.08	142.43	432.97	-605.21	-29.39
Change in Working Capital	4.07	33.84	389	-17.93	-29.47

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