ALEC Holdings PJSC (DFM:ALEC)

ALEC Holdings PJSC Cash Flow Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022
Net Income	801.94	686.2	362.42	236.25	184.54
Depreciation & Amortization	280.79	262.07	156.97	107.95	54.16
Other Amortization	4.18	4.18	2.02	0.21	0.58
Loss (Gain) From Sale of Assets	-2.1	-2.46	-2.71	-2.66	-2.34
Loss (Gain) From Sale of Investments	21.59	20.76	20.87	12.58	-1.24
Loss (Gain) on Equity Investments	1.83	1.82	0.03	0.18	2.54
Other Operating Activities	163.37	154.84	125.99	107.15	9.91
Change in Accounts Receivable	-2,910	-2,234	-631.77	-1,847	154.66
Change in Inventory	-12.67	-8.88	3.06	-5.61	-8.23
Change in Accounts Payable	2,897	2,459	972	1,592	-82.11
Change in Unearned Revenue	131.52	-46.26	133.76	-	-
Change in Other Net Operating Assets	13.14	61.09	-62.74	22.15	-4.84
Operating Cash Flow	1,391	1,359	1,080	223.6	307.63
Operating Cash Flow Growth	48.64%	25.81%	382.97%	-27.32%	-
Capital Expenditures	-430.71	-386.69	-349.55	-219.2	-74.23
Sale of Property, Plant & Equipment	2.16	3.49	2.51	10.67	3.84
Cash Acquisitions	-10	-10	-	-11.5	-352.64
Sale (Purchase) of Intangibles	-6.04	-6.04	-0.07	-	-1.19
Other Investing Activities	24.79	21.91	16.14	-	-
Investing Cash Flow	-419.79	-377.34	-330.98	-220.03	-424.21
Long-Term Debt Issued	-	2,321	2,066	1,235	514.2
Short-Term Debt Repaid	-	-	-	-	-0.44
Long-Term Debt Repaid	-	-2,588	-2,193	-1,137	-100.2
Total Debt Repaid	-2,028	-2,588	-2,193	-1,137	-100.64
Net Debt Issued (Repaid)	-540.28	-267.68	-126.37	98.07	413.57
Common Dividends Paid	-265	-265	-242.54	-100	-85
Other Financing Activities	-73.03	-76.04	-77.49	-81.71	-15
Financing Cash Flow	-878.31	-608.72	-446.39	-83.63	313.57
Foreign Exchange Rate Adjustments	0.21	0.21	0.31	4.29	-0.64
Net Cash Flow	92.81	372.73	302.83	-75.79	196.35
Free Cash Flow	959.99	971.88	730.34	4.39	233.4
Free Cash Flow Growth	71.72%	33.07%	16526.48%	-98.12%	-
Free Cash Flow Margin	6.51%	7.71%	9.01%	0.07%	6.49%
Free Cash Flow Per Share	0.19	0.19	0.15	0.00	0.05
Cash Interest Paid	76.04	76.04	76.99	81.71	15
Cash Income Tax Paid	23.9	23.9	5.33	1.07	15.82
Levered Free Cash Flow	-	-8.46	492.95	-395.69	-
Unlevered Free Cash Flow	-	39.07	541.07	-344.62	-
Change in Working Capital	119.1	231.17	414.31	-238.07	59.49

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