Al Dhafra Insurance Company P.S.C. (ADX:DHAFRA)

ADX:DHAFRA Cash Flow Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	40.11	38.38	41.3	22.96	38.64	54.8
Depreciation & Amortization	1.74	1.49	1.43	1.82	1.94	1.81
Other Amortization	1.38	1.38	1.16	1	0.85	0.77
Gain (Loss) on Sale of Assets	-0.04	-0	-0	0.23	-0	-0.01
Gain (Loss) on Sale of Investments	-15.23	-15.41	-21.47	-0.16	-7.28	2.01
Change in Accounts Receivable	53.46	39.18	10.75	15.56	5.84	9.95
Change in Unearned Revenue	-	-	-	-	0.02	-2.89
Change in Insurance Reserves / Liabilities	-	-	-	-	-12.39	-32.2
Change in Other Net Operating Assets	-6.3	7.43	-9.77	1.94	-	-
Other Operating Activities	-28.14	-24.13	-17.94	-16.59	-7.53	-23.82
Operating Cash Flow	43.39	44.73	5.47	24.66	13.09	9.4
Operating Cash Flow Growth	288.50%	718.38%	-77.83%	88.44%	39.14%	-63.15%
Capital Expenditures	-0.97	-0.86	-0.45	-0.38	-0.53	-0.33
Sale of Property, Plant & Equipment	0.04	0	0	-	0	0.01
Purchase / Sale of Intangible Assets	-2.03	-0.82	-1.28	-1.05	-0.32	-3.33
Investment in Securities	39.35	-4.27	11.09	-24.69	-38.05	-74.61
Other Investing Activities	31.53	26.51	16.85	15.15	17.02	15.85
Investing Cash Flow	67.92	20.56	26.21	-13.06	-21.87	-62.41
Total Debt Repaid	-1.41	-1.43	-0.99	-1.14	-1.01	-1.19
Net Debt Issued (Repaid)	-1.41	-1.43	-0.99	-1.14	-1.01	-1.19
Common Dividends Paid	-35	-35	-30	-35	-40	-40
Financing Cash Flow	-36.41	-36.43	-30.99	-36.14	-41.01	-41.19
Net Cash Flow	74.9	28.87	0.68	-24.55	-49.79	-94.19
Free Cash Flow	42.42	43.87	5.02	24.28	12.56	9.07
Free Cash Flow Growth	290.24%	774.70%	-79.34%	93.36%	38.41%	-62.30%
Free Cash Flow Margin	36.36%	38.93%	4.52%	24.96%	7.84%	5.85%
Free Cash Flow Per Share	0.42	0.44	0.05	0.24	0.13	0.09
Levered Free Cash Flow	-62.24	-57.73	-251.61	-503.9	-34.49	3.08
Unlevered Free Cash Flow	-61.97	-57.46	-251.37	-503.81	-34.36	3.24
Change in Net Working Capital	90.27	85.91	281.75	518.33	60.58	30.08

Updated Feb 12, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.