Manazel PJSC 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	14.4	8.22	-198.34	-152.84	20.46
Depreciation & Amortization	5.35	6.46	10.18	10.64	9.2
Loss (Gain) From Sale of Assets	73.71	16.37	-23.45	3	4.5
Asset Writedown & Restructuring Costs	-282.16	-25.8	14.1	-12.18	-113
Provision & Write-off of Bad Debts	148.97	17.8	114.7	72.65	42.78
Other Operating Activities	47.34	-8.91	91.23	93.08	57.21
Change in Accounts Receivable	59.01	584.63	27.68	384.67	174.99
Change in Inventory	255.32	-617.67	3.5	10.08	-0.26
Change in Accounts Payable	161.02	14.87	100.82	-304.54	-45.48
Change in Unearned Revenue	-0.08	-0.56	-0.45	0.21	0.71
Operating Cash Flow	482.87	-4.58	139.98	104.76	151.11
Operating Cash Flow Growth	-	-	33.62%	-30.67%	36.92%
Capital Expenditures	-	-0.34	-	-0.37	-
Sale of Property, Plant & Equipment	57.26	-	99.91	-	0.84
Sale (Purchase) of Real Estate	-283.33	47.42	-98.19	-43.73	-200.62
Investing Cash Flow	-226.07	47.08	1.72	-44.1	-199.78
Long-Term Debt Issued	-	-	-	-	150
Long-Term Debt Repaid	-184.16	-48.96	-58.66	-10.55	-48
Net Debt Issued (Repaid)	-184.16	-48.96	-58.66	-10.55	102
Other Financing Activities	-61.4	9.25	-89.98	-92.11	-51.41
Financing Cash Flow	-245.56	-39.71	-148.63	-102.65	50.6
Net Cash Flow	11.24	2.78	-6.93	-41.99	1.93
Free Cash Flow	482.87	-4.92	139.98	104.39	151.11
Free Cash Flow Growth	-	-	34.09%	-30.92%	37.90%
Free Cash Flow Margin	492.57%	-3.64%	40.23%	71.35%	138.26%
Free Cash Flow Per Share	0.19	-0.00	0.05	0.04	0.06
Cash Interest Paid	35.05	40.61	-	92.11	-
Cash Income Tax Paid	1.48	-	-	-	-
Levered Free Cash Flow	506.17	-12.75	117.78	226.65	75.23
Unlevered Free Cash Flow	528.08	12.63	174.01	284.36	118.53
Change in Working Capital	475.26	-18.73	131.56	90.41	129.96