DFM:ALANSARI 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
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	Dec '20 Dec 31, 2020
Net Income	400.6	405.85	495.19	594.86	491.15	374.64
Depreciation & Amortization	115.67	94.38	85.01	70.59	63.29	59.38
Loss (Gain) From Sale of Assets	0.37	0.37	-0.38	-0.12	-0.49	0.25
Asset Writedown & Restructuring Costs	-	-	-	-	1.76	0.73
Provision & Write-off of Bad Debts	-0.45	0.47	0.24	2	4	-
Other Operating Activities	25.28	53.86	17.33	5.81	2.14	3.04
Change in Accounts Payable	468.43	250.66	97.39	81.41	55.59	104.67
Change in Other Net Operating Assets	-45.85	25.98	17.6	-92.32	-130.17	-82.28
Operating Cash Flow	964.06	831.56	712.38	667.12	487.27	460.44
Operating Cash Flow Growth	30.01%	16.73%	6.78%	36.91%	5.83%	-28.36%
Capital Expenditures	-38.33	-32.07	-45.19	-30.96	-28.01	-15.1
Sale of Property, Plant & Equipment	1.39	0.4	1.33	0.16	0.92	-
Divestitures	-	-	-	-18.13	-	-
Sale (Purchase) of Real Estate	-	-	-	-0.11	-0.09	-14.7
Investment in Securities	4.56	26.73	165.2	-196.93	239.14	-0.99
Investing Cash Flow	-25.95	-4.94	121.33	-245.96	211.96	-30.79
Short-Term Debt Issued	-	233.53	325	357.51	-	-
Total Debt Issued	885.79	233.53	325	357.51	-	-
Short-Term Debt Repaid	-	-329.14	-358.13	-	-	-
Long-Term Debt Repaid	-	-72.19	-62.96	-58.51	-41.35	-46.62
Total Debt Repaid	-675.57	-401.33	-421.1	-58.51	-41.35	-46.62
Net Debt Issued (Repaid)	210.23	-167.79	-96.1	299	-41.35	-46.62
Repurchase of Common Stock	-	-9.18	-	-	-	-
Common Dividends Paid	-324.27	-457.5	-300	-1,078	-175.93	-194.67
Other Financing Activities	-	-	-	-96.93	-162.85	-
Financing Cash Flow	-92.18	-634.47	-396.1	-875.79	-380.13	-241.28
Net Cash Flow	846.62	192.16	437.62	-454.63	319.1	188.36
Free Cash Flow	925.73	799.5	667.19	636.16	459.26	445.34
Free Cash Flow Growth	32.00%	19.83%	4.88%	38.52%	3.13%	-29.03%
Free Cash Flow Margin	142.16%	124.76%	107.47%	112.95%	84.44%	90.67%
Free Cash Flow Per Share	0.12	0.11	0.09	0.09	9.19	8.91
Cash Interest Paid	-	-	-	0.43	0.68	1.31
Levered Free Cash Flow	-529.83	131.04	67.36	567.07	-203.57	207.78
Unlevered Free Cash Flow	-512.6	136.51	75.69	568.51	-202.55	209.16
Change in Working Capital	422.58	276.64	115	-10.91	-74.58	22.39

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