RAK Properties 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	404.3	280.92	201.82	30.79	201.47
Depreciation & Amortization	70.37	71.76	36.2	32.91	10.03
Loss (Gain) From Sale of Assets	-5.91	-0.09	-	-	-0.09
Asset Writedown & Restructuring Costs	-44.77	-65.9	-28.65	-29.43	-2.55
Loss (Gain) From Sale of Investments	-	3.25	2.2	-0.26	-1.26
Loss (Gain) on Equity Investments	-6.07	-8.98	-0.07	-	-
Provision & Write-off of Bad Debts	7.79	3.09	3.59	5.23	6.63
Other Operating Activities	63.08	69.16	38.28	46.84	-52.35
Change in Accounts Receivable	-708.26	-465.63	-325.03	-47.13	-258.33
Change in Inventory	-70.77	53.53	342.97	150.11	110.57
Change in Accounts Payable	521.46	300.24	165.6	66.86	27.75
Operating Cash Flow	231.21	241.34	436.9	255.91	41.88
Operating Cash Flow Growth	-4.20%	-44.76%	70.72%	511.09%	-51.68%
Capital Expenditures	-72.49	-74.54	-215.34	-238.49	-266.06
Sale of Property, Plant & Equipment	-	0.09	-	-	0.09
Sale (Purchase) of Real Estate	146.26	-20.02	-24.79	-7.48	-9.91
Investment in Securities	-	0.32	-	45.19	5.3
Other Investing Activities	18.9	15.17	10.76	6.16	8.02
Investing Cash Flow	92.67	-78.98	-229.36	-194.62	-262.56
Long-Term Debt Issued	24.55	203.69	96.25	423.77	257.58
Total Debt Issued	24.55	203.69	96.25	423.77	257.58
Long-Term Debt Repaid	-211.36	-165.75	-111.47	-360.66	-75.93
Total Debt Repaid	-211.36	-165.75	-111.47	-360.66	-75.93
Net Debt Issued (Repaid)	-186.81	37.94	-15.22	63.11	181.65
Issuance of Common Stock	62.53	-	-	-	-
Repurchase of Common Stock	-	-22.62	-	-	-
Common Dividends Paid	-0.01	-60	-33.27	-4.14	-0.13
Other Financing Activities	-79.99	-103.81	-55.91	-44.45	-17.97
Financing Cash Flow	-204.27	-148.49	-104.4	14.52	163.55
Net Cash Flow	119.61	13.87	103.14	75.82	-57.13
Free Cash Flow	158.72	166.8	221.57	17.42	-224.19
Free Cash Flow Growth	-4.84%	-24.72%	1171.69%	-	-
Free Cash Flow Margin	8.64%	11.86%	22.05%	4.27%	-43.48%
Free Cash Flow Per Share	0.05	0.07	0.11	0.01	-0.11
Cash Interest Paid	71.99	95.81	55.91	38.45	14.97
Cash Income Tax Paid	20.89	-	-	-	-
Levered Free Cash Flow	-287.37	-255.02	-41.94	-196.15	105.19
Unlevered Free Cash Flow	-242.5	-200.86	-7.91	-171.89	112.61
Change in Working Capital	-257.58	-111.87	183.53	169.84	-120.01

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