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 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	94.42	94.28	36.8	177.09	31.39	164.17
Depreciation & Amortization	1.26	1.4	1.57	1.78	1.83	1.89
Gain (Loss) on Sale of Assets	-8.15	-5.25	-0.09	-0.02	1.54	0.01
Gain (Loss) on Sale of Investments	-20.83	-33	24	-178.73	18.24	-163.75
Change in Accounts Receivable	-	-	-	23.73	-10.55	-7.89
Reinsurance Recoverable	-7.36	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	95.08	89.2	219.73	4.43	-23.65	12.97
Change in Other Net Operating Assets	2.22	-16.46	9.28	15.37	15.04	-
Other Operating Activities	-33.32	-24.89	-24.62	-22.31	-23.53	-17.66
Operating Cash Flow	91.92	65.61	37.81	-39.39	-64.01	11.39
Operating Cash Flow Growth	83.76%	73.53%	-	-	-	-80.36%
Capital Expenditures	-1.07	-1.13	-0.77	-1.6	-1.36	-1.19
Sale of Property, Plant & Equipment	20.3	-	0.15	19.96	0.02	-
Investment in Securities	20.76	19.12	49.12	219.43	221.71	-36.14
Other Investing Activities	-9.61	-9.64	35.81	31.65	36.43	28.71
Investing Cash Flow	-32.18	-43.52	-0.77	222.82	236.58	-8.87
Long-Term Debt Issued	-	70	185	12.39	-	-
Total Debt Repaid	-122.77	-47.73	-167.85	-132.79	-143.54	-29.69
Net Debt Issued (Repaid)	-82.77	22.27	17.15	-120.4	-143.54	-29.69
Common Dividends Paid	-41.4	-41.4	-51.75	-47.63	-41.4	-10.35
Other Financing Activities	-6.58	-6.73	-8.15	-3.19	9.88	43.99
Financing Cash Flow	-130.75	-25.86	-42.74	-171.22	-175.05	3.95
Net Cash Flow	-71.02	-3.77	-5.7	12.22	-2.48	6.47
Free Cash Flow	90.85	64.48	37.04	-40.99	-65.37	10.21
Free Cash Flow Growth	84.22%	74.08%	-	-	-	-82.09%
Free Cash Flow Margin	14.73%	12.02%	14.59%	-10.33%	-21.61%	2.35%
Free Cash Flow Per Share	0.44	0.31	0.18	-0.20	-0.32	0.05
Cash Interest Paid	6.73	6.73	8.15	9.68	11.47	8.5
Levered Free Cash Flow	-454.45	-46.57	-42.3	-62.42	238.4	-25.45
Unlevered Free Cash Flow	-450.34	-42.37	-37.21	-56.37	245.57	-20.13
Change in Working Capital	105.42	80.76	83.21	43.53	-39.81	25.26

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