ADX:DRIVE 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	332.97	277.21	267.15	253.41	168
Depreciation & Amortization	42.28	33.37	18.1	16.21	15.91
Other Amortization	2.59	1.48	0.8	0.94	2.02
Loss (Gain) From Sale of Assets	-41.43	0.26	-0.57	-1.13	-0.71
Asset Writedown & Restructuring Costs	-	-	-15.6	-11.8	-2.45
Loss (Gain) From Sale of Investments	-5.72	-11.79	-3.14	-2.37	-8.91
Loss (Gain) on Equity Investments	-3.52	-	-	-	-
Provision & Write-off of Bad Debts	13.16	-	0.1	0.04	-0.01
Other Operating Activities	28.58	1.74	-28.98	-6.42	1.12
Change in Accounts Receivable	-9.34	-6.95	-2.22	-4.1	-5.49
Change in Inventory	-0.16	-0.11	-0.1	1.72	0.83
Change in Accounts Payable	25.41	4.08	-16.27	13.01	17.51
Change in Other Net Operating Assets	-3.48	-0.99	-	-	-
Operating Cash Flow	381.34	298.3	219.28	259.52	187.81
Operating Cash Flow Growth	27.84%	36.04%	-15.51%	38.18%	20.39%
Capital Expenditures	-53.38	-23.78	-22.01	-28.5	-15.17
Sale of Property, Plant & Equipment	202.12	-	0.57	1.33	0.72
Cash Acquisitions	-	-118.17	-	-	-
Sale (Purchase) of Intangibles	-5.59	-4.27	-1.25	-0.23	-1.84
Investment in Securities	-310.61	-330.3	-164.01	48.08	-91.5
Other Investing Activities	40.58	42.3	20.22	10.6	3.23
Investing Cash Flow	-126.89	-434.22	-166.49	31.28	-104.56
Long-Term Debt Issued	160	-	-	-	-
Long-Term Debt Repaid	-12.81	-5.6	-3.85	-3.7	-3.64
Net Debt Issued (Repaid)	147.19	-5.6	-3.85	-3.7	-3.64
Common Dividends Paid	-183.16	-183.16	-89.79	-85.3	-89.79
Other Financing Activities	-4.41	-	-	-	-
Financing Cash Flow	-40.39	-188.77	-93.64	-89	-93.43
Net Cash Flow	214.07	-324.69	-40.84	201.8	-10.18
Free Cash Flow	327.96	274.52	197.27	231.03	172.65
Free Cash Flow Growth	19.47%	39.16%	-14.61%	33.81%	12.80%
Free Cash Flow Margin	42.57%	53.52%	55.47%	68.06%	66.38%
Free Cash Flow Per Share	0.30	0.26	0.18	0.21	0.16
Cash Income Tax Paid	28.08	-	-	-	-
Levered Free Cash Flow	393.13	116.84	87.16	124.72	100.12
Unlevered Free Cash Flow	400.79	120.17	89	126.56	101.99
Change in Working Capital	12.44	-3.97	-18.59	10.64	12.85

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