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	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	36.51	2,556	30.33	281.72	57.62
Depreciation & Amortization	276.98	227.78	180.15	80.92	7.79
Loss (Gain) From Sale of Assets	-0.75	-2,655	-23.98	0.02	-0.1
Asset Writedown & Restructuring Costs	-32.62	-15.25	5.08	-20.01	-
Loss (Gain) From Sale of Investments	0.67	23.42	126.56	-194.38	-31.92
Loss (Gain) on Equity Investments	-49.32	-49.07	-38.69	21.52	-
Provision & Write-off of Bad Debts	18.98	16.91	1.68	21.44	0.92
Other Operating Activities	278.28	352.08	147.33	68.65	4.58
Change in Accounts Receivable	-117.08	-38.31	151.53	873.48	-23.56
Change in Inventory	-65.38	-152.83	-77.32	-9.39	0.7
Change in Accounts Payable	-10.63	50.31	279.73	-207.94	22.75
Change in Other Net Operating Assets	113.37	58.75	-71.55	-753.29	10.62
Operating Cash Flow	425.87	370.29	698.43	162.74	49.4
Operating Cash Flow Growth	15.01%	-46.98%	329.16%	229.47%	96.34%
Capital Expenditures	-258.28	-156.15	-466.02	-107.5	-11.94
Sale of Property, Plant & Equipment	4.14	3.17	42.92	0.47	0.2
Cash Acquisitions	-484.08	-25.87	54.29	-452.14	35.81
Divestitures	86.69	-468.28	-	6.33	-
Sale (Purchase) of Intangibles	-3.51	-1.11	-2.9	-0.4	-0
Investment in Securities	112	100.19	-235.73	126.88	-53.12
Other Investing Activities	7.37	10.04	39.3	-5.91	-
Investing Cash Flow	-535.66	-538	-568.14	-432.27	-29.05
Long-Term Debt Issued	306.49	-	199.29	702.58	-
Total Debt Issued	306.49	-	199.29	702.58	-
Long-Term Debt Repaid	-27.13	-101.76	-32.13	-140.76	-9.83
Net Debt Issued (Repaid)	279.36	-101.76	167.16	561.82	-9.83
Other Financing Activities	-105.31	-71.27	22.86	-	-
Financing Cash Flow	174.05	-173.04	190.02	561.82	-9.83
Foreign Exchange Rate Adjustments	0.77	-4.28	-1.76	-10.4	-
Net Cash Flow	65.03	-345.03	318.55	281.9	10.52
Free Cash Flow	167.6	214.14	232.41	55.24	37.46
Free Cash Flow Growth	-21.73%	-7.86%	320.74%	47.48%	99.10%
Free Cash Flow Margin	3.00%	4.36%	5.10%	2.42%	6.87%
Free Cash Flow Per Share	0.69	0.89	0.96	0.28	0.38
Cash Interest Paid	58.08	65.64	65.31	7.55	1.15
Cash Income Tax Paid	22.1	-	-	-	-
Levered Free Cash Flow	-21.06	400.53	41.7	-923.02	45.05
Unlevered Free Cash Flow	32.58	447.18	83.61	-916.04	46.11
Change in Working Capital	-79.73	-82.08	282.39	-97.14	10.5

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