ADX:SICO Cash Flow Statement

Financials in millions AED. Fiscal year is January - December.

Millions AED. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	5.01	16.21	33.7	27.23
Depreciation & Amortization	0.78	0.75	0.87	1.11
Other Amortization	0.04	0.07	0.11	0.08
Gain (Loss) on Sale of Assets	-0	-	-	-
Gain (Loss) on Sale of Investments	-1.35	-4.07	-16.09	-20.5
Change in Accounts Receivable	-	-	-	9.93
Reinsurance Recoverable	-41.78	-2.21	3.92	-2.11
Change in Insurance Reserves / Liabilities	52.36	2.23	-8.74	-6.06
Change in Other Net Operating Assets	6.62	-2.68	1.77	3.68
Other Operating Activities	-13.38	-11.08	-16.1	-7.61
Operating Cash Flow	5.32	-1.76	-1.72	7.25
Operating Cash Flow Growth	-	-	-	183.84%
Capital Expenditures	-0.12	-0.02	-0.06	-0.27
Sale of Property, Plant & Equipment	0	-	-	-
Purchase / Sale of Intangible Assets	-0.04	-0.08	-0.01	-0.03
Investment in Securities	7.69	-13.64	2.53	-9.18
Other Investing Activities	12.78	11.33	16.45	7.67
Investing Cash Flow	20.31	-2.41	18.92	-1.8
Total Debt Repaid	-0.79	-1.21	-0.86	-0.5
Net Debt Issued (Repaid)	-0.79	-1.21	-0.86	-0.5
Common Dividends Paid	-10.5	-17.38	-11.01	-9.63
Other Financing Activities	-0.06	-0.11	-0.42	-0.1
Financing Cash Flow	-11.35	-18.7	-12.29	-10.23
Net Cash Flow	14.28	-22.86	4.92	-4.78
Free Cash Flow	5.2	-1.78	-1.78	6.98
Free Cash Flow Growth	-	-	-	182.23%
Free Cash Flow Margin	4.28%	-3.68%	-3.20%	20.23%
Free Cash Flow Per Share	0.04	-0.01	-0.01	0.05
Cash Interest Paid	0.06	0.11	0.42	0.1
Levered Free Cash Flow	25.87	-12.58	-5.8	-66.66
Unlevered Free Cash Flow	25.94	-12.49	-5.5	-66.53
Change in Working Capital	17.21	-2.66	-3.05	5.44

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