Ghitha Holding P.J.S.C Cash Flow Statement

Financials in millions AED. Fiscal year is January - December.

Millions AED. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	-134.75	2,556	30.33	281.72	57.62	12.3
Depreciation & Amortization	259.55	227.78	180.15	80.92	7.79	2.14
Loss (Gain) From Sale of Assets	-2.47	-2,655	-23.98	0.02	-0.1	-
Asset Writedown & Restructuring Costs	-18.1	-15.25	5.08	-20.01	-	-
Loss (Gain) From Sale of Investments	0.82	23.42	126.56	-194.38	-31.92	-
Loss (Gain) on Equity Investments	-48.68	-49.07	-38.69	21.52	-	-
Stock-Based Compensation	-	-	-	-	-	9.48
Provision & Write-off of Bad Debts	-6.89	16.91	1.68	21.44	0.92	0.14
Other Operating Activities	465.66	356.91	147.33	68.65	4.58	0.92
Change in Accounts Receivable	-96.29	-38.31	151.53	873.48	-23.56	-0.84
Change in Inventory	-25.91	-152.83	-77.32	-9.39	0.7	-3.02
Change in Accounts Payable	80.95	50.31	279.73	-207.94	22.75	15.96
Change in Other Net Operating Assets	23.15	58.75	-71.55	-753.29	10.62	-11.92
Operating Cash Flow	381.84	370.29	698.43	162.74	49.4	25.16
Operating Cash Flow Growth	-33.96%	-46.98%	329.16%	229.47%	96.34%	-39.67%
Capital Expenditures	-174.81	-156.15	-466.02	-107.5	-11.94	-6.35
Sale of Property, Plant & Equipment	9.01	3.17	42.92	0.47	0.2	-
Cash Acquisitions	-495.9	-25.87	54.29	-452.14	35.81	-
Divestitures	86.69	-468.28	-	6.33	-	-
Sale (Purchase) of Intangibles	-1.74	-1.11	-2.9	-0.4	-0	-
Investment in Securities	153	100.19	-235.73	126.88	-53.12	-
Other Investing Activities	7.37	10.04	39.3	-5.91	-	-
Investing Cash Flow	-416.39	-538	-568.14	-432.27	-29.05	-6.35
Short-Term Debt Issued	-	-	-	-	-	80
Long-Term Debt Issued	-	-	199.29	702.58	-	-
Total Debt Issued	446.75	-	199.29	702.58	-	80
Long-Term Debt Repaid	-	-101.76	-32.13	-140.76	-9.83	-0.28
Net Debt Issued (Repaid)	260.67	-101.76	167.16	561.82	-9.83	79.72
Other Financing Activities	-112.82	-71.27	22.86	-	-	-
Financing Cash Flow	147.85	-173.04	190.02	561.82	-9.83	79.72
Foreign Exchange Rate Adjustments	-0.42	-4.28	-1.76	-10.4	-	-
Net Cash Flow	112.88	-345.03	318.55	281.9	10.52	98.53
Free Cash Flow	207.02	214.14	232.41	55.24	37.46	18.81
Free Cash Flow Growth	-49.25%	-7.86%	320.74%	47.48%	99.10%	-52.33%
Free Cash Flow Margin	3.90%	4.31%	5.10%	2.42%	6.87%	6.51%
Free Cash Flow Per Share	0.86	0.89	0.96	0.28	0.38	0.19
Cash Interest Paid	65.06	65.64	65.31	7.55	1.15	-
Levered Free Cash Flow	80.3	403.56	41.7	-923.02	45.05	12.95
Unlevered Free Cash Flow	128.04	450.2	83.61	-916.04	46.11	13.22
Change in Working Capital	-18.09	-82.08	282.39	-97.14	10.5	0.18

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