ADX:ESG 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	300.15	225.16	671.42	148.21	63.09
Depreciation & Amortization	95.41	84.2	21.62	5.89	2.11
Other Amortization	0.23	0.06	0.03	0.37	0.03
Loss (Gain) From Sale of Assets	-0.27	3.77	-137.04	-5.7	-
Asset Writedown & Restructuring Costs	-1.47	-0.82	-8.78	-	-
Loss (Gain) From Sale of Investments	-0.06	-18.66	-417.48	-58.08	-25
Loss (Gain) on Equity Investments	-49.08	-36.84	-28	-10.74	-3.16
Provision & Write-off of Bad Debts	-10.32	-0.98	-1.04	-2.9	5.37
Other Operating Activities	78.64	27.43	5	19.97	2.2
Change in Accounts Receivable	-177.05	-57.37	-23.67	-66.62	16.74
Change in Inventory	80.21	-22.1	-24.95	2.68	1.17
Change in Accounts Payable	132.68	-157.48	160.34	73.06	-21.5
Change in Unearned Revenue	76.37	110.96	-	-	-
Change in Other Net Operating Assets	-79.35	-84.31	-36.36	-14.3	-15.55
Operating Cash Flow	441.74	85.17	188.99	95.38	25.5
Operating Cash Flow Growth	418.63%	-54.93%	98.15%	274.07%	-62.43%
Capital Expenditures	-146.5	-84.23	-263.64	-12.84	-7.55
Sale of Property, Plant & Equipment	0.31	1.03	1.66	-	0.01
Cash Acquisitions	-	-143.68	21.74	14.4	103.75
Divestitures	-	-	209.62	-	-
Sale (Purchase) of Intangibles	-0.55	-0.41	-0.07	-0.54	-0.03
Sale (Purchase) of Real Estate	-90.59	-	-	5.7	-
Investment in Securities	33.69	215.64	-238.87	77.29	-90.23
Other Investing Activities	-136.88	9.2	-63.7	9.98	2.15
Investing Cash Flow	-340.52	-2.44	-333.26	93.98	8.1
Long-Term Debt Issued	-	-	0.14	-	-
Long-Term Debt Repaid	-91.94	-89.92	-20.44	-1.46	-0.68
Total Debt Repaid	-91.94	-89.92	-20.44	-1.46	-0.68
Net Debt Issued (Repaid)	-91.94	-89.92	-20.3	-1.46	-0.68
Other Financing Activities	79.25	16.44	-4	-1.08	-
Financing Cash Flow	-12.69	-73.48	-24.3	-2.54	-0.68
Foreign Exchange Rate Adjustments	-0.83	0.36	-0.39	-0.35	-0.13
Net Cash Flow	87.7	9.61	-168.95	186.47	32.79
Free Cash Flow	295.24	0.95	-74.64	82.54	17.95
Free Cash Flow Growth	31141.91%	-	-	359.94%	-73.23%
Free Cash Flow Margin	16.67%	0.07%	-12.25%	23.09%	5.09%
Free Cash Flow Per Share	1.18	0.00	-0.30	0.33	0.07
Cash Interest Paid	5.21	5.78	2.29	0.88	0.57
Cash Income Tax Paid	17.64	-	-	-	-
Levered Free Cash Flow	264.15	-196.27	-158.45	6.16	20.73
Unlevered Free Cash Flow	273.15	-188.96	-156.44	6.26	21.11
Change in Working Capital	32.86	-210.31	75.36	-5.18	-19.13

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