ADX:FIDELITYUNITED 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	16.64	5.77	-64.4	-17.43	3.65	8.04
Depreciation & Amortization	2.72	2.84	2.95	5.33	4.3	1.9
Gain (Loss) on Sale of Assets	3.73	3.73	-	-	-	-
Gain (Loss) on Sale of Investments	4.43	1.31	2.43	0.53	8.09	-10.37
Change in Accounts Receivable	-	-	-	-	-	-15.23
Reinsurance Recoverable	85.75	186.69	-240.21	-64.6	-111.61	-6.08
Change in Unearned Revenue	-	-	-	-	-	2.25
Change in Insurance Reserves / Liabilities	-221.43	-221.43	228.4	122.83	-	26.86
Change in Other Net Operating Assets	17.86	13.16	-1.83	0.91	-2.45	1.78
Other Operating Activities	-19.08	-16.9	-28.72	-17.27	-30.9	-5.61
Operating Cash Flow	19.26	-22.13	-99.24	32.64	-8.22	12.4
Operating Cash Flow Growth	-	-	-	-	-	-81.94%
Capital Expenditures	-9.11	-6.87	-0.8	-0.64	-2.15	-1.12
Investment in Securities	-33.36	24.74	15.81	-18.64	-58.96	-15.01
Other Investing Activities	19.29	17.41	21.88	17.99	10.85	7.1
Investing Cash Flow	-23.18	35.28	36.89	-1.3	-50.26	-9.04
Short-Term Debt Issued	-	17.5	20	-	-	-
Total Debt Issued	5.2	17.5	20	-	-	-
Total Debt Repaid	-0.35	-1.22	-1.55	-3.12	-3.51	-0.73
Net Debt Issued (Repaid)	4.85	16.28	18.45	-3.12	-3.51	-0.73
Issuance of Common Stock	30	-	-	-	60	-
Other Financing Activities	-0.29	-0.29	-0.36	-0.73	-1.27	-0.26
Financing Cash Flow	34.56	15.98	18.09	-3.85	55.22	-0.99
Net Cash Flow	30.64	29.13	-44.26	27.49	-3.26	2.37
Free Cash Flow	10.16	-29	-100.04	32	-10.38	11.28
Free Cash Flow Growth	-	-	-	-	-	-83.40%
Free Cash Flow Margin	2.44%	-7.90%	-33.47%	11.82%	-4.75%	4.61%
Free Cash Flow Per Share	0.06	-0.18	-0.63	0.20	-0.08	0.11
Cash Interest Paid	0.89	0.89	0.36	0.73	0.6	0.26
Levered Free Cash Flow	39.92	16.9	-117.14	0.38	-49.49	-4.89
Unlevered Free Cash Flow	39.92	16.9	-117.14	0.38	-49.49	-4.89
Change in Working Capital	10.5	-21.58	-13.65	59.14	6.24	13.46

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