ADX:UNION Cash Flow Statement

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

Millions AED. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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	49.1	45.98	38.31	-2.48	2.51	13.22
Depreciation & Amortization	3.64	2.95	5.2	8.13	8.39	7.95
Other Amortization	-	-	-	2.12	3.09	2.92
Gain (Loss) on Sale of Assets	-	-	-14.22	1.3	-0	-0.03
Gain (Loss) on Sale of Investments	-6.17	-5.54	-0.44	-1.25	2.12	-1.94
Change in Accounts Receivable	-	-	-	6.4	-35.19	27.86
Reinsurance Recoverable	-18.58	222.24	-87.01	84.15	38.77	-343.25
Change in Insurance Reserves / Liabilities	60.33	-203.46	55.04	-54.6	-35.34	281.52
Change in Other Net Operating Assets	-8.67	-8.89	-4.17	17.83	-1.05	-
Other Operating Activities	-21.57	-22.68	-17.95	-17.08	-7.2	-5.04
Operating Cash Flow	64.19	30.6	-25.24	39.89	2.59	-4.34
Operating Cash Flow Growth	138.53%	-	-	1437.82%	-	-
Capital Expenditures	-0.42	-0.29	-0.59	-0.93	-1.23	-1.99
Sale of Property, Plant & Equipment	-	-	73.43	0.02	0	0.03
Investment in Securities	-27.37	-24.49	-88.78	-219.94	106.08	90.13
Other Investing Activities	16.38	11.83	20.05	16.97	9.17	6.23
Investing Cash Flow	-11.41	-12.94	4.11	-203.88	114.02	94.39
Total Debt Repaid	-0.3	-0.72	-3.24	-3.39	-2.83	-2.73
Net Debt Issued (Repaid)	-0.3	-0.72	-3.24	-3.39	-2.83	-2.73
Financing Cash Flow	-9.5	-0.72	-3.24	-3.39	-2.83	-2.73
Net Cash Flow	43.28	16.93	-24.37	-167.38	113.79	87.32
Free Cash Flow	63.77	30.31	-25.82	38.97	1.37	-6.33
Free Cash Flow Growth	140.80%	-	-	2752.49%	-	-
Free Cash Flow Margin	17.44%	9.44%	-9.66%	14.61%	0.45%	-1.59%
Free Cash Flow Per Share	0.25	0.12	-0.10	0.16	0.01	-0.03
Levered Free Cash Flow	59.69	708.55	-48.7	-576.06	-33.52	14.1
Unlevered Free Cash Flow	59.69	708.55	-48.7	-576.06	-33.52	14.1
Change in Working Capital	33.09	9.89	-36.14	48.49	-8.43	-33.88