MAIR Group - 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 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	171.15	25.86	211.3	112.27
Depreciation & Amortization	128.32	76.21	87.4	100.58
Other Amortization	3.29	0.5	-	-
Loss (Gain) From Sale of Assets	-94.73	5.8	-	-0.17
Asset Writedown & Restructuring Costs	14.3	4.66	-115.64	-12
Loss (Gain) From Sale of Investments	2.1	-2.66	-13.43	-11.2
Loss (Gain) on Equity Investments	-9.55	0.47	1.07	0.64
Provision & Write-off of Bad Debts	22.24	25.63	13.83	-
Other Operating Activities	51.14	56.68	12.7	20.82
Change in Accounts Receivable	-68.9	75.72	28.19	-32.94
Change in Inventory	39.88	28.04	-6.75	2.09
Change in Accounts Payable	-3.85	-46.87	-53.75	20.27
Change in Other Net Operating Assets	-	-	0.29	-
Operating Cash Flow	237.54	250.04	165.21	200.35
Operating Cash Flow Growth	-5.00%	51.35%	-17.54%	-
Capital Expenditures	-138.63	-120.94	-164.83	-28.32
Sale of Property, Plant & Equipment	152.49	0.5	-	0.3
Cash Acquisitions	-	575.18	-	-
Sale (Purchase) of Intangibles	-0.28	-1.31	-	-
Sale (Purchase) of Real Estate	78.75	-16	-969.13	-
Investment in Securities	251.24	-3	5.35	-0.89
Other Investing Activities	39.52	8.05	3.38	5.75
Investing Cash Flow	383.1	442.48	-1,125	-23.16
Long-Term Debt Issued	-	-	743.2	-
Long-Term Debt Repaid	-633.88	-62.8	-70.65	-74.93
Net Debt Issued (Repaid)	-633.88	-62.8	672.55	-74.93
Issuance of Common Stock	-	-	414.5	-
Common Dividends Paid	-116.55	-41.25	-76.92	-87.88
Other Financing Activities	-99.11	-56.07	-28.87	-23.33
Financing Cash Flow	-849.54	-160.12	981.27	-186.14
Net Cash Flow	-228.89	532.4	21.25	-8.95
Free Cash Flow	98.92	129.1	0.37	172.03
Free Cash Flow Growth	-23.38%	34604.84%	-99.78%	-
Free Cash Flow Margin	4.93%	9.54%	0.03%	15.13%
Free Cash Flow Per Share	0.04	0.13	-	-
Cash Interest Paid	99.11	54.08	28.87	23.33
Levered Free Cash Flow	145.62	-241.65	-132.21	-
Unlevered Free Cash Flow	198.09	-201.45	-114.17	-
Change in Working Capital	-32.87	56.89	-32.02	-10.58

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