ADX:AWNIC 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	2015 - 2019
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	2015 - 2019
Net Income	186.49	36.8	177.09	31.39	164.17	15.22	Upgrade
Depreciation & Amortization	1.4	1.57	1.78	1.83	1.89	1.57	Upgrade
Gain (Loss) on Sale of Assets	0	-0.09	-0.02	1.54	0.01	-0.01	Upgrade
Gain (Loss) on Sale of Investments	-126.4	24	-178.73	18.24	-163.75	12.36	Upgrade
Change in Accounts Receivable	-60.88	-128.36	23.73	-10.55	-7.89	-37.42	Upgrade
Reinsurance Recoverable	130.87	-	-	-	-14.32	8.42	Upgrade
Change in Accounts Payable	-0.99	-	-	-20.65	27.25	25.76	Upgrade
Change in Unearned Revenue	-	-	-	-	7.24	12.08	Upgrade
Change in Insurance Reserves / Liabilities	32.21	202.29	4.43	-23.65	12.97	8.58	Upgrade
Change in Other Net Operating Assets	-0.84	9.28	15.37	15.04	-	-	Upgrade
Other Operating Activities	-24.76	-24.62	-22.31	-23.53	-17.66	-14.6	Upgrade
Operating Cash Flow	105.97	37.81	-39.39	-64.01	11.39	58.02	Upgrade
Operating Cash Flow Growth	-	-	-	-	-80.36%	106.69%	Upgrade
Capital Expenditures	-0.84	-0.77	-1.6	-1.36	-1.19	-1.05	Upgrade
Sale of Property, Plant & Equipment	-0	0.15	19.96	0.02	-	0.01	Upgrade
Investment in Securities	74.66	49.12	219.43	221.71	-36.14	40.89	Upgrade
Other Investing Activities	40.46	35.81	31.65	36.43	28.71	31.06	Upgrade
Investing Cash Flow	33.39	-0.77	222.82	236.58	-8.87	70.89	Upgrade
Long-Term Debt Issued	-	185	12.39	-	-	373.67	Upgrade
Total Debt Repaid	-162.92	-167.85	-132.79	-143.54	-29.69	-	Upgrade
Net Debt Issued (Repaid)	-27.92	17.15	-120.4	-143.54	-29.69	373.67	Upgrade
Common Dividends Paid	-41.4	-51.75	-47.63	-41.4	-10.35	-	Upgrade
Other Financing Activities	-6.96	-8.15	-3.19	9.88	43.99	-91.51	Upgrade
Financing Cash Flow	-76.28	-42.74	-171.22	-175.05	3.95	282.17	Upgrade
Net Cash Flow	63.08	-5.7	12.22	-2.48	6.47	411.08	Upgrade
Free Cash Flow	105.13	37.04	-40.99	-65.37	10.21	56.98	Upgrade
Free Cash Flow Growth	-	-	-	-	-82.09%	119.41%	Upgrade
Free Cash Flow Margin	10.28%	7.30%	-10.33%	-21.61%	2.35%	22.20%	Upgrade
Free Cash Flow Per Share	0.51	0.18	-0.20	-0.32	0.05	0.28	Upgrade
Cash Interest Paid	1.94	8.15	9.68	11.47	8.5	13.23	Upgrade
Levered Free Cash Flow	-368.02	-29.47	-62.42	238.4	-25.45	-6.2	Upgrade
Unlevered Free Cash Flow	-366.8	-24.37	-56.37	245.57	-20.13	2.07	Upgrade
Change in Working Capital	135.91	83.21	43.53	-39.81	25.26	17.42	Upgrade

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.