DFM:ALRAMZ 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	39.13	15.95	39.67	32.49	54.52	-10.87
Depreciation & Amortization, Total	5.32	5.98	5.27	4.69	4.23	3.47
Gain (Loss) On Sale of Investments	10.55	9.81	-10.68	18.02	-18.65	22.35
Change in Accounts Payable	135.17	86.71	142.94	-165.31	162.09	45.32
Change in Other Net Operating Assets	40.64	-108.86	-310.72	79	-116.18	258.65
Other Operating Activities	-18.58	-11.05	-8.19	-5.89	-3.21	-11.83
Operating Cash Flow	212.92	-1.02	-141.55	-36.66	86.34	313.7
Capital Expenditures	-6.9	-7.35	-12.27	-11.36	-5.19	-2.44
Cash Acquisitions	-	-	-	-	-	10.26
Sale (Purchase) of Intangibles	-6.93	-4.52	-	-	-	-
Investment in Securities	49.05	-45.95	76.93	103.16	25.06	-54.43
Other Investing Activities	-243.29	-64.31	9.24	122.21	-99.56	6.1
Investing Cash Flow	-208.07	-122.13	73.9	214.04	-78.63	-40.51
Short-Term Debt Issued	-	160	140	-	-	9.8
Total Debt Issued	100	160	140	-	-	9.8
Short-Term Debt Repaid	-	-16.9	-	-	-47.51	-136.93
Long-Term Debt Repaid	-	-0.2	-0.2	-0.19	-0.07	-0.04
Total Debt Repaid	-0.18	-17.1	-0.2	-0.19	-47.58	-136.97
Net Debt Issued (Repaid)	99.82	142.9	139.8	-0.19	-47.58	-127.17
Issuance of Common Stock	-	-	-	56.84	-	-
Repurchase of Common Stock	-	-	-	-	-34.88	-
Common Dividends Paid	-	-33	-33	-19.92	-10.66	-
Other Financing Activities	0	-	-	-	-	-
Financing Cash Flow	99.82	109.91	106.81	36.73	-93.12	-127.17
Net Cash Flow	104.67	-13.24	39.16	214.11	-85.42	146.02
Free Cash Flow	206.01	-8.37	-153.82	-48.02	81.15	311.26
Free Cash Flow Growth	-	-	-	-	-73.93%	246.91%
Free Cash Flow Margin	146.15%	-8.41%	-129.78%	-46.60%	67.09%	979.26%
Free Cash Flow Per Share	0.38	-0.01	-0.28	-0.10	0.16	0.57
Cash Interest Paid	29.17	25.36	10.91	5.2	6.97	8.87

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