Gulf Cement Company P.S.C. (ADX:GCEM)

ADX:GCEM 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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	-22.68	-41.45	-51.59	-54.4	-52.99	-273.46
Depreciation & Amortization	58.81	58.19	60.26	55.08	44.95	60.76
Loss (Gain) From Sale of Assets	-	-	-	-0.04	-	-
Asset Writedown & Restructuring Costs	-0.69	-0.69	-0.82	-	-1.93	173.7
Loss (Gain) From Sale of Investments	-5.4	-2.33	-2.13	3.59	-5.97	4.89
Provision & Write-off of Bad Debts	-0.99	-1.09	-0.12	1.11	-0.22	2.47
Other Operating Activities	4.45	4.99	-1.39	-10.56	-4.04	-4.82
Change in Accounts Receivable	-11.15	-27.76	-24.52	-6.51	37.92	45.94
Change in Inventory	24.12	-5.78	-12.02	-4.14	-7.84	40.49
Change in Accounts Payable	-4.65	72.82	61.89	-28.43	62.59	-40.8
Operating Cash Flow	41.83	56.88	29.56	-44.3	72.47	9.17
Operating Cash Flow Growth	10.42%	92.42%	-	-	689.88%	-
Capital Expenditures	-39.08	-39.11	-35.42	-55.34	-35.72	-25.92
Sale (Purchase) of Real Estate	-	-	-	6.24	-	-
Investment in Securities	19.33	0.32	-0.06	65.96	7.39	10
Other Investing Activities	1.06	1.6	0.57	2.66	3.31	3.09
Investing Cash Flow	-18.68	-37.19	-34.91	19.52	-25.02	-12.83
Short-Term Debt Issued	-	142.9	156.74	174.65	140.7	-
Long-Term Debt Issued	-	-	-	-	-	3.5
Total Debt Issued	142.9	142.9	156.74	174.65	140.7	3.5
Short-Term Debt Repaid	-	-161.69	-151.66	-152.78	-167.21	-
Long-Term Debt Repaid	-	-0.56	-	-	-0.19	-
Total Debt Repaid	-155.15	-162.25	-151.66	-152.78	-167.39	-
Net Debt Issued (Repaid)	-12.25	-19.35	5.08	21.87	-26.69	3.5
Common Dividends Paid	-0.42	-0.58	-2.93	-0.5	-19.84	-0.13
Financing Cash Flow	-12.67	-19.93	2.15	21.37	-46.53	3.36
Net Cash Flow	10.47	-0.23	-3.19	-3.41	0.91	-0.29
Free Cash Flow	2.75	17.77	-5.86	-99.63	36.75	-16.75
Free Cash Flow Growth	132.70%	-	-	-	-	-
Free Cash Flow Margin	0.51%	3.70%	-1.27%	-28.62%	10.79%	-4.84%
Free Cash Flow Per Share	0.01	0.04	-0.01	-0.24	0.09	-0.04
Cash Interest Paid	4.43	6.72	4.53	2.64	2.23	2.95
Levered Free Cash Flow	19.77	42.28	14.42	-82.15	55.37	20.45
Unlevered Free Cash Flow	19.77	42.32	14.42	-80.5	56.77	22.3
Change in Working Capital	8.32	39.27	25.35	-39.07	92.67	45.63

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.