ADX:KICO 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	-1.1	4.65	10.04	1.9	5.35	12.27
Depreciation & Amortization	3.52	3.23	0.51	0.17	0.16	0.2
Other Amortization	0.04	0.04	0.03	0	0.01	0.01
Gain (Loss) on Sale of Assets	-1.28	-1.4	-1.08	0.25	-0.92	-
Gain (Loss) on Sale of Investments	-10.33	0.22	-3.74	8.24	8.32	-14.35
Asset Writedown	1.12	0.77	-0.16	0.84	-0.98	10.22
Income (Loss) on Equity Investments	-20.73	-20.75	-	-	-	-
Change in Accounts Receivable	-3.85	-0.1	-5.22	-0.09	0.27	-1.52
Change in Accounts Payable	-2.07	-1.47	-1.05	0.46	-0.49	1.24
Change in Other Net Operating Assets	-0.07	5.11	-	-	-	-
Other Operating Activities	15.58	24.81	5.62	-3.97	-2.58	-0.39
Operating Cash Flow	-18.31	16.49	6.88	7.79	10.02	7.72
Operating Cash Flow Growth	-	139.79%	-11.76%	-22.21%	29.76%	45.40%
Acquisition of Real Estate Assets	32.2	-75.22	-1.71	-8.14	-6.45	-4.63
Sale of Real Estate Assets	106.69	72.65	62.18	15.76	9.12	-
Net Sale / Acq. of Real Estate Assets	138.89	-2.56	60.47	7.63	2.67	-4.63
Investment in Marketable & Equity Securities	-114.74	-105	0.12	-2.17	-20.32	21.68
Other Investing Activities	-	-	-	2.86	1.43	0.33
Investing Cash Flow	24.16	-107.56	60.53	8.18	-16.22	17.38
Long-Term Debt Issued	-	35.99	-	-	-	-
Long-Term Debt Repaid	-	-12.7	-0.61	-	-	-
Net Debt Issued (Repaid)	-1.87	23.3	-0.61	-	-	-
Common Dividends Paid	-	-	-	-17.81	-0.47	-39.23
Other Financing Activities	-2.39	-2.02	-0.03	-	-	-
Foreign Exchange Rate Adjustments	-	-	-	-	-	-0.02
Net Cash Flow	1.6	-69.8	66.76	-1.84	-6.68	-14.16
Cash Interest Paid	1.35	1.35	0.03	-	-	-
Levered Free Cash Flow	-21.94	-141.28	0.66	-4.3	-2.65	-45.13
Unlevered Free Cash Flow	-20.87	-140.44	0.68	-4.3	-2.65	-45.13
Change in Working Capital	-5.99	3.54	-6.27	0.38	-0.22	-0.28

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