ALEC Holdings 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
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Net Income	593.08	362.42	236.25	184.54
Depreciation & Amortization	232.91	156.97	107.95	54.16
Other Amortization	2.02	2.02	0.22	0.59
Loss (Gain) From Sale of Assets	-2.49	-2.71	-2.66	-2.34
Loss (Gain) From Sale of Investments	45.81	20.87	12.58	-1.25
Loss (Gain) on Equity Investments	-16.62	0.03	0.18	2.54
Other Operating Activities	148.62	125.99	97.46	4.24
Change in Accounts Receivable	-2,768	-631.77	-1,847	154.66
Change in Inventory	19.73	3.06	-5.61	-8.23
Change in Accounts Payable	2,737	972	1,597	-233.62
Change in Unearned Revenue	-96.04	133.76	-4.76	151.51
Change in Other Net Operating Assets	79.29	-62.74	22.15	-4.84
Operating Cash Flow	975.97	1,080	213.9	301.97
Operating Cash Flow Growth	356.27%	404.85%	-29.16%	-
Capital Expenditures	-472.68	-349.55	-219.2	-74.23
Sale of Property, Plant & Equipment	0.84	2.51	10.67	3.84
Cash Acquisitions	-10	-	-11.5	-352.64
Sale (Purchase) of Intangibles	-1.16	-0.07	-	-1.19
Other Investing Activities	20.78	16.14	5.83	2.66
Investing Cash Flow	-462.23	-330.98	-214.21	-421.55
Long-Term Debt Issued	-	2,066	1,235	514.21
Short-Term Debt Repaid	-	-	-	-0.44
Long-Term Debt Repaid	-	-2,193	-1,137	-100.2
Total Debt Repaid	-2,936	-2,193	-1,137	-100.64
Net Debt Issued (Repaid)	-366.85	-126.37	98.07	413.57
Common Dividends Paid	-265	-242.54	-100	-85
Other Financing Activities	-77.92	-77.49	-77.84	-11.99
Financing Cash Flow	-709.77	-446.39	-79.77	316.58
Foreign Exchange Rate Adjustments	0	0.31	4.29	-0.64
Net Cash Flow	-196.02	302.83	-75.79	196.35
Free Cash Flow	503.3	730.34	-5.3	227.73
Free Cash Flow Margin	4.33%	9.01%	-0.08%	6.33%
Free Cash Flow Per Share	0.10	0.15	-0.00	0.05
Cash Interest Paid	77.92	76.99	77.84	11.99
Cash Income Tax Paid	23.8	5.33	1.07	15.82
Levered Free Cash Flow	-	539.19	-346.82	-
Unlevered Free Cash Flow	-	543.93	-344.62	-
Change in Working Capital	-27.36	414.31	-238.07	59.49

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