RAPCO Investment PJSC 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	FY 2020	2016 - 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2016 - 2020
Net Income	38.34	31.81	16.91	-0.56	3.03	0.59	Upgrade
Depreciation & Amortization	0.01	0.01	0.1	0.01	0.1	0.09	Upgrade
Loss (Gain) From Sale of Assets	-1.51	-	-7.21	-1.03	-	-	Upgrade
Asset Writedown & Restructuring Costs	23.33	23.33	-0.01	-1.22	1.36	4.52	Upgrade
Loss (Gain) From Sale of Investments	-49.71	-45.41	-0.18	-0.06	-1.19	-	Upgrade
Loss (Gain) on Equity Investments	0.28	0.87	-0.2	9.61	2.01	-0.15	Upgrade
Provision & Write-off of Bad Debts	0.38	0.38	-	-	-	-	Upgrade
Other Operating Activities	-13.55	-12.33	-9.87	-9.51	-7.2	-6.78	Upgrade
Change in Accounts Receivable	0.47	0.21	1.19	1.3	0.88	-0.06	Upgrade
Change in Inventory	-	-	0.01	1.2	0.37	1.57	Upgrade
Change in Accounts Payable	-6.69	-5.76	-17.35	-1.29	-0.78	-0.32	Upgrade
Change in Other Net Operating Assets	-4.84	-4.77	0.53	0.62	0.39	1.92	Upgrade
Operating Cash Flow	-13.48	-11.66	-16.1	-0.84	-1.05	1.38	Upgrade
Capital Expenditures	-0	-0	-	-	-0.02	-0.92	Upgrade
Sale of Property, Plant & Equipment	-	-	6.33	1.04	-	-	Upgrade
Sale (Purchase) of Real Estate	10.19	0.59	5.46	-	-	-	Upgrade
Investment in Securities	-37.86	-35.45	-0.37	-16.16	-9.86	-2.41	Upgrade
Other Investing Activities	11.3	9.97	9.93	7.79	7.21	5.61	Upgrade
Investing Cash Flow	-16.38	-24.91	21.34	-7.33	-2.67	2.28	Upgrade
Long-Term Debt Issued	-	30	-	6	1	2	Upgrade
Total Debt Issued	30	30	-	6	1	2	Upgrade
Net Debt Issued (Repaid)	30	30	-	6	1	2	Upgrade
Common Dividends Paid	-	-	-	-0.08	-0.22	-0.01	Upgrade
Other Financing Activities	-	-0.9	-0.3	-0.3	-	-	Upgrade
Financing Cash Flow	30	29.1	-0.3	5.62	0.78	1.99	Upgrade
Net Cash Flow	0.13	-7.47	4.94	-2.55	-2.94	5.64	Upgrade
Free Cash Flow	-13.49	-11.66	-16.1	-0.84	-1.07	0.47	Upgrade
Free Cash Flow Margin	-21.13%	-20.30%	-137.92%	-8.42%	-	2.62%	Upgrade
Free Cash Flow Per Share	-0.14	-0.12	-0.17	-0.01	-0.01	0.01	Upgrade
Cash Interest Paid	0.77	0.17	-	-	0.03	0.05	Upgrade
Levered Free Cash Flow	26.04	23.67	-9.66	13.14	1.2	-0.41	Upgrade
Unlevered Free Cash Flow	26.52	23.78	-9.66	13.14	1.22	-0.37	Upgrade
Change in Net Working Capital	10.93	9.93	15.63	-7.75	-1.71	-2.14	Upgrade

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