ADX:NCTH 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
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024
Net Income	316.79	400.97	156.96
Depreciation & Amortization	125.46	128.94	67.52
Other Amortization	0.67	0.67	0.54
Loss (Gain) From Sale of Assets	-0.33	-0.42	-0.18
Loss (Gain) From Sale of Investments	4.83	-1.11	-7.21
Loss (Gain) on Equity Investments	-9.59	-4.12	-
Provision & Write-off of Bad Debts	1.38	1.33	1.22
Other Operating Activities	36.95	-54.52	41.94
Change in Accounts Receivable	-131.18	-119.27	7.26
Change in Inventory	-13.43	-3.32	-6.68
Change in Accounts Payable	50.5	-19.99	50.49
Change in Unearned Revenue	43.25	61.34	3.9
Change in Other Net Operating Assets	74.05	76.57	-89.09
Operating Cash Flow	499.35	467.09	226.68
Operating Cash Flow Growth	40.12%	106.06%	-
Capital Expenditures	-280.79	-275.85	-318.61
Sale of Property, Plant & Equipment	0.43	0.42	0.27
Cash Acquisitions	-	166.52	-
Sale (Purchase) of Intangibles	-0.14	-0.14	-0.56
Investment in Securities	210.02	85.7	28.52
Other Investing Activities	16.26	22.45	10.3
Investing Cash Flow	-54.21	-0.89	-280.08
Long-Term Debt Issued	-	318.53	121.19
Long-Term Debt Repaid	-	-462.87	-39.46
Net Debt Issued (Repaid)	-112.67	-144.34	81.73
Other Financing Activities	-37.77	-45.74	-13.93
Financing Cash Flow	-150.43	-190.08	67.81
Foreign Exchange Rate Adjustments	-	-	0.4
Miscellaneous Cash Flow Adjustments	-	-	-9.83
Net Cash Flow	294.71	276.12	4.97
Free Cash Flow	218.56	191.24	-91.93
Free Cash Flow Margin	9.80%	8.76%	-8.03%
Free Cash Flow Per Share	0.10	0.09	-0.07
Cash Interest Paid	37.27	45.24	13.96
Cash Income Tax Paid	29.97	28.77	6.88
Levered Free Cash Flow	-	54.59	-
Unlevered Free Cash Flow	-	84.89	-
Change in Working Capital	23.19	-4.67	-34.12