NMDC Energy - 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	TTM	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	1,452	1,404	779.59	576.66	131.23
Depreciation & Amortization	351.99	246.84	162.39	213.11	239.77
Loss (Gain) From Sale of Assets	-8.01	-8.32	-0.96	17.52	0.03
Loss (Gain) on Equity Investments	-1.41	-1.41	-1.73	-1.09	-1.26
Provision & Write-off of Bad Debts	16.15	0.49	2.21	-0.63	1.4
Other Operating Activities	-33.48	125.17	14.04	-180.2	-60.64
Change in Accounts Receivable	-1,886	-2,756	-1,431	-603.49	298.87
Change in Inventory	-29.61	-15.97	3.81	-100.38	6.37
Change in Accounts Payable	2,412	2,717	3,047	1,977	-118.19
Change in Unearned Revenue	433.41	796.06	-121.83	249.15	-57.11
Change in Other Net Operating Assets	-245.79	328.45	-230	-64.85	-
Operating Cash Flow	2,462	2,836	2,224	2,082	440.45
Operating Cash Flow Growth	-1.50%	27.56%	6.78%	372.77%	-
Capital Expenditures	-700.43	-609.51	-644.85	-216.02	-68.01
Sale of Property, Plant & Equipment	8.07	8.32	1.57	39.48	-
Investment in Securities	11.41	-85.21	-505.59	-	-
Other Investing Activities	124.72	120.1	92.62	1.23	1.46
Investing Cash Flow	-556.23	-566.3	-1,056	-175.31	-66.54
Long-Term Debt Repaid	-	-337.72	-285.59	-271.39	-270.09
Net Debt Issued (Repaid)	-407.96	-337.72	-285.59	-271.39	-270.09
Common Dividends Paid	-700	-750	-	-	-
Other Financing Activities	-32.35	-49.46	-63.84	-530.82	-32.67
Financing Cash Flow	-1,140	-1,137	-349.43	-802.2	-302.76
Foreign Exchange Rate Adjustments	-7.75	-6.28	-1.64	-2.34	-0.47
Net Cash Flow	757.33	1,127	816.21	1,102	70.69
Free Cash Flow	1,761	2,227	1,579	1,866	372.45
Free Cash Flow Growth	-14.19%	41.06%	-15.41%	401.10%	-
Free Cash Flow Margin	9.97%	15.42%	19.88%	34.68%	9.45%
Free Cash Flow Per Share	0.78	0.98	0.70	18.66	-
Cash Interest Paid	32.35	49.46	63.84	30.84	32.64
Cash Income Tax Paid	107.72	43.26	18.93	2.16	24.64
Levered Free Cash Flow	1,244	1,779	1,192	1,032	-
Unlevered Free Cash Flow	1,272	1,818	1,239	1,051	-
Change in Working Capital	684.51	1,070	1,268	1,457	129.93

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.