ADX:AWNIC 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	94.28	36.8	177.09	31.39	164.17
Depreciation & Amortization	1.4	1.57	1.78	1.83	1.89
Gain (Loss) on Sale of Assets	-5.25	-0.09	-0.02	1.54	0.01
Gain (Loss) on Sale of Investments	-33	24	-178.73	18.24	-163.75
Change in Accounts Receivable	-	-	23.73	-10.55	-7.89
Reinsurance Recoverable	9.27	-147.06	-	-	-14.32
Change in Accounts Payable	-	-	-	-20.65	27.25
Change in Unearned Revenue	-	-	-	-	7.24
Change in Insurance Reserves / Liabilities	89.2	219.73	4.43	-23.65	12.97
Change in Other Net Operating Assets	-16.46	9.28	15.37	15.04	-
Other Operating Activities	-24.89	-24.62	-22.31	-23.53	-17.66
Operating Cash Flow	65.61	37.81	-39.39	-64.01	11.39
Operating Cash Flow Growth	73.53%	-	-	-	-80.36%
Capital Expenditures	-1.13	-0.77	-1.6	-1.36	-1.19
Sale of Property, Plant & Equipment	-	0.15	19.96	0.02	-
Investment in Securities	19.12	49.12	219.43	221.71	-36.14
Other Investing Activities	-9.64	35.81	31.65	36.43	28.71
Investing Cash Flow	-43.52	-0.77	222.82	236.58	-8.87
Long-Term Debt Issued	70	185	12.39	-	-
Total Debt Repaid	-47.73	-167.85	-132.79	-143.54	-29.69
Net Debt Issued (Repaid)	22.27	17.15	-120.4	-143.54	-29.69
Common Dividends Paid	-41.4	-51.75	-47.63	-41.4	-10.35
Other Financing Activities	-6.73	-8.15	-3.19	9.88	43.99
Financing Cash Flow	-25.86	-42.74	-171.22	-175.05	3.95
Net Cash Flow	-3.77	-5.7	12.22	-2.48	6.47
Free Cash Flow	64.48	37.04	-40.99	-65.37	10.21
Free Cash Flow Growth	74.08%	-	-	-	-82.09%
Free Cash Flow Margin	12.02%	14.59%	-10.33%	-21.61%	2.35%
Free Cash Flow Per Share	0.31	0.18	-0.20	-0.32	0.05
Cash Interest Paid	6.73	8.15	9.68	11.47	8.5
Levered Free Cash Flow	-46.57	-42.3	-62.42	238.4	-25.45
Unlevered Free Cash Flow	-42.37	-37.21	-56.37	245.57	-20.13
Change in Working Capital	80.76	83.21	43.53	-39.81	25.26

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.