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	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Net Income	471.76	362.42	236.25	184.54
Depreciation & Amortization	205.12	156.97	107.95	54.16
Other Amortization	2.02	2.02	0.22	0.59
Loss (Gain) From Sale of Assets	-2.43	-2.71	-2.66	-2.34
Loss (Gain) From Sale of Investments	21.49	20.87	12.58	-1.25
Loss (Gain) on Equity Investments	-18.36	0.03	0.18	2.54
Other Operating Activities	177.94	125.99	97.46	4.24
Change in Accounts Receivable	-2,244	-631.77	-1,847	154.66
Change in Inventory	-16.02	3.06	-5.61	-8.23
Change in Accounts Payable	2,407	972	1,597	-233.62
Change in Unearned Revenue	-237.31	133.76	-4.76	151.51
Change in Other Net Operating Assets	24.54	-62.74	22.15	-4.84
Operating Cash Flow	791.36	1,080	213.9	301.97
Operating Cash Flow Growth	162.07%	404.85%	-29.16%	-
Capital Expenditures	-403.62	-349.55	-219.2	-74.23
Sale of Property, Plant & Equipment	1.11	2.51	10.67	3.84
Cash Acquisitions	-10	-	-11.5	-352.64
Sale (Purchase) of Intangibles	-1.79	-0.07	-	-1.19
Other Investing Activities	18.02	16.14	5.83	2.66
Investing Cash Flow	-396.27	-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	-3,359	-2,193	-1,137	-100.64
Net Debt Issued (Repaid)	-189.27	-126.37	98.07	413.57
Common Dividends Paid	-180	-242.54	-100	-85
Other Financing Activities	-84.32	-77.49	-77.84	-11.99
Financing Cash Flow	-453.58	-446.39	-79.77	316.58
Foreign Exchange Rate Adjustments	0.02	0.31	4.29	-0.64
Net Cash Flow	-58.48	302.83	-75.79	196.35
Free Cash Flow	387.74	730.34	-5.3	227.73
Free Cash Flow Margin	3.87%	9.01%	-0.08%	6.33%
Free Cash Flow Per Share	0.08	0.15	-0.00	0.05
Cash Interest Paid	83.32	76.99	77.84	11.99
Cash Income Tax Paid	7.91	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	-66.18	414.31	-238.07	59.49

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