NMDC Group 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	3,626	2,960	2,154	1,303	1,002
Depreciation & Amortization	1,072	634.17	408.83	434.65	451.93
Loss (Gain) From Sale of Assets	0.61	-5.9	-6.31	-267.44	-13.7
Loss (Gain) From Sale of Investments	-62.46	-179.11	-200.27	-114.47	-1.27
Loss (Gain) on Equity Investments	-67.97	-37.1	-52.65	-5.2	-8.86
Provision & Write-off of Bad Debts	69.94	52.21	-22.26	-35.19	108.57
Other Operating Activities	707.84	665.03	115.78	390.31	-9.04
Change in Accounts Receivable	-4,945	-8,670	-2,464	-1,132	-70.91
Change in Inventory	-142.07	-121.19	-134.6	-119.59	51.49
Change in Accounts Payable	2,140	4,456	3,057	1,901	53.53
Change in Unearned Revenue	356.21	3,581	17.45	327.1	64.19
Operating Cash Flow	2,754	3,335	2,873	2,682	1,628
Operating Cash Flow Growth	-17.42%	16.10%	7.11%	64.72%	-
Capital Expenditures	-1,417	-1,622	-1,197	-821.19	-178.61
Sale of Property, Plant & Equipment	2.52	8.45	8.46	50.12	9.88
Cash Acquisitions	-200.72	-	-	-	-481.91
Divestitures	-	2,820	-	262.22	-
Sale (Purchase) of Real Estate	-	-	-21.62	-	-
Investment in Securities	579.26	-88.81	-791.57	-7.39	-
Other Investing Activities	140.13	179.6	135.37	22.56	16.7
Investing Cash Flow	-895.75	1,297	-1,866	-493.67	-633.94
Long-Term Debt Issued	246.24	-	-	459.13	249.41
Long-Term Debt Repaid	-623.32	-418.46	-367.85	-357.16	-818.55
Total Debt Repaid	-623.32	-418.46	-367.85	-357.16	-818.55
Net Debt Issued (Repaid)	-377.08	-418.46	-367.85	101.97	-569.14
Common Dividends Paid	-700.84	-618.75	-	-	-75.37
Other Financing Activities	-250.09	-256.51	-107.18	-46.98	-42.44
Financing Cash Flow	-1,328	-3,294	-475.03	54.99	-686.94
Foreign Exchange Rate Adjustments	18.12	-164.65	-100.2	-262.01	-13.96
Net Cash Flow	548.79	1,174	431.66	1,982	293.51
Free Cash Flow	1,337	1,713	1,676	1,861	1,450
Free Cash Flow Growth	-21.94%	2.21%	-9.93%	28.37%	-
Free Cash Flow Margin	4.64%	6.52%	10.03%	17.42%	18.38%
Free Cash Flow Per Share	1.58	2.06	2.03	2.26	1.82
Cash Interest Paid	89.09	256.51	107.18	46.98	42.44
Cash Income Tax Paid	264.79	56.5	18.93	12.91	37.87
Levered Free Cash Flow	336.29	1,551	1,470	855.26	559.38
Unlevered Free Cash Flow	399.4	1,641	1,545	891.99	593.47
Change in Working Capital	-2,591	-754.3	476.21	976.25	98.31

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.