ADX:ASM 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	-292.66	-1,477	-1,025	1,009	2,516
Depreciation & Amortization	105.04	81.47	67.71	37.16	11.16
Loss (Gain) From Sale of Assets	-102.62	-0.17	-	-46.76	-0.08
Loss (Gain) From Sale of Investments	508.87	1,573	1,087	-911.61	-2,462
Loss (Gain) on Equity Investments	-11.38	-1.22	0.64	0.97	-
Provision & Write-off of Bad Debts	2.32	-0.67	1.91	0.12	-0.2
Other Operating Activities	129.35	80.87	127.35	70.72	1.98
Change in Accounts Receivable	-252.49	-17.06	-94.54	1.56	99.12
Change in Inventory	1.02	-0.14	10.13	-16.41	-0.03
Change in Accounts Payable	17.36	45.3	-1.45	0.49	-129.69
Change in Unearned Revenue	323.64	-120.45	103.81	48.43	16.9
Change in Other Net Operating Assets	-0.8	27.74	-14.56	2.54	-11.9
Operating Cash Flow	427.65	191.42	263.21	196.04	42.01
Operating Cash Flow Growth	123.41%	-27.27%	34.27%	366.68%	17.64%
Capital Expenditures	-221.12	-693.9	-196.17	-1,143	-113.37
Sale of Property, Plant & Equipment	-	0.17	-	95.49	0.08
Cash Acquisitions	-	-0.13	-	-	-
Divestitures	248.22	-	-	-	-
Investment in Securities	-0.36	21.37	-268.21	-1,442	-4.15
Other Investing Activities	74.36	-4.65	6.16	5.26	0.06
Investing Cash Flow	101.11	-677.15	-458.21	-2,484	-117.38
Long-Term Debt Issued	1,017	1,091	370	4,817	-
Long-Term Debt Repaid	-1,469	-217.25	-0.68	-2,431	-0.86
Net Debt Issued (Repaid)	-451.65	873.66	369.33	2,385	-0.86
Other Financing Activities	-140.11	-174.17	-103.83	-33.13	-0.01
Financing Cash Flow	-591.76	699.5	265.49	2,352	-0.86
Net Cash Flow	-63	213.77	70.49	64.46	-76.24
Free Cash Flow	206.53	-502.48	67.04	-946.86	-71.36
Free Cash Flow Margin	15.32%	-39.21%	5.44%	-85.15%	-11.50%
Free Cash Flow Per Share	0.21	-0.50	0.07	-0.95	-0.14
Cash Interest Paid	140.11	174.17	103.83	33.13	-
Cash Income Tax Paid	0.84	-	-	-	-
Levered Free Cash Flow	1,379	-4,989	-85.5	-960.43	-215.61
Unlevered Free Cash Flow	1,427	-4,946	-50.28	-927.94	-215.61
Change in Working Capital	88.73	-64.61	3.4	36.61	-25.61

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