ADX:FIDELITYUNITED 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	5.77	-64.4	-17.43	3.65	8.04
Depreciation & Amortization	2.84	2.95	5.33	4.3	1.9
Gain (Loss) on Sale of Assets	3.73	-	-	-	-
Gain (Loss) on Sale of Investments	1.31	2.43	0.53	8.09	-10.37
Change in Accounts Receivable	-	-	-	-	-15.23
Reinsurance Recoverable	186.69	-240.21	-64.6	-111.61	-6.08
Change in Unearned Revenue	-	-	-	-	2.25
Change in Insurance Reserves / Liabilities	-221.43	228.4	122.83	-	26.86
Change in Other Net Operating Assets	13.16	-1.83	0.91	-2.45	1.78
Other Operating Activities	-16.9	-28.72	-17.27	-30.9	-5.61
Operating Cash Flow	-22.13	-99.24	32.64	-8.22	12.4
Operating Cash Flow Growth	-	-	-	-	-81.94%
Capital Expenditures	-6.87	-0.8	-0.64	-2.15	-1.12
Investment in Securities	24.74	15.81	-18.64	-58.96	-15.01
Other Investing Activities	17.41	21.88	17.99	10.85	7.1
Investing Cash Flow	35.28	36.89	-1.3	-50.26	-9.04
Short-Term Debt Issued	17.5	20	-	-	-
Total Debt Issued	17.5	20	-	-	-
Total Debt Repaid	-1.22	-1.55	-3.12	-3.51	-0.73
Net Debt Issued (Repaid)	16.28	18.45	-3.12	-3.51	-0.73
Issuance of Common Stock	-	-	-	60	-
Other Financing Activities	-0.29	-0.36	-0.73	-1.27	-0.26
Financing Cash Flow	15.98	18.09	-3.85	55.22	-0.99
Net Cash Flow	29.13	-44.26	27.49	-3.26	2.37
Free Cash Flow	-29	-100.04	32	-10.38	11.28
Free Cash Flow Growth	-	-	-	-	-83.40%
Free Cash Flow Margin	-7.90%	-33.47%	11.82%	-4.75%	4.61%
Free Cash Flow Per Share	-0.18	-0.63	0.20	-0.08	0.11
Cash Interest Paid	0.89	0.36	0.73	0.6	0.26
Levered Free Cash Flow	16.9	-117.14	0.38	-49.49	-4.89
Unlevered Free Cash Flow	16.9	-117.14	0.38	-49.49	-4.89
Change in Working Capital	-21.58	-13.65	59.14	6.24	13.46

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