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	2015 - 2019
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	2015 - 2019
Net Income	39.13	15.95	39.67	32.49	54.52	-10.87	Upgrade
Depreciation & Amortization, Total	5.32	5.98	5.27	4.69	4.23	3.47	Upgrade
Gain (Loss) On Sale of Investments	10.55	9.81	-10.68	18.02	-18.65	22.35	Upgrade
Change in Accounts Payable	135.17	86.71	142.94	-165.31	162.09	45.32	Upgrade
Change in Other Net Operating Assets	40.64	-108.86	-310.72	79	-116.18	258.65	Upgrade
Other Operating Activities	-18.58	-11.05	-8.19	-5.89	-3.21	-11.83	Upgrade
Operating Cash Flow	212.92	-1.02	-141.55	-36.66	86.34	313.7	Upgrade
Capital Expenditures	-6.9	-7.35	-12.27	-11.36	-5.19	-2.44	Upgrade
Cash Acquisitions	-	-	-	-	-	10.26	Upgrade
Sale (Purchase) of Intangibles	-6.93	-4.52	-	-	-	-	Upgrade
Investment in Securities	49.05	-45.95	76.93	103.16	25.06	-54.43	Upgrade
Other Investing Activities	-243.29	-64.31	9.24	122.21	-99.56	6.1	Upgrade
Investing Cash Flow	-208.07	-122.13	73.9	214.04	-78.63	-40.51	Upgrade
Short-Term Debt Issued	-	160	140	-	-	9.8	Upgrade
Total Debt Issued	100	160	140	-	-	9.8	Upgrade
Short-Term Debt Repaid	-	-16.9	-	-	-47.51	-136.93	Upgrade
Long-Term Debt Repaid	-	-0.2	-0.2	-0.19	-0.07	-0.04	Upgrade
Total Debt Repaid	-0.18	-17.1	-0.2	-0.19	-47.58	-136.97	Upgrade
Net Debt Issued (Repaid)	99.82	142.9	139.8	-0.19	-47.58	-127.17	Upgrade
Issuance of Common Stock	-	-	-	56.84	-	-	Upgrade
Repurchase of Common Stock	-	-	-	-	-34.88	-	Upgrade
Common Dividends Paid	-	-33	-33	-19.92	-10.66	-	Upgrade
Other Financing Activities	0	-	-	-	-	-	Upgrade
Financing Cash Flow	99.82	109.91	106.81	36.73	-93.12	-127.17	Upgrade
Net Cash Flow	104.67	-13.24	39.16	214.11	-85.42	146.02	Upgrade
Free Cash Flow	206.01	-8.37	-153.82	-48.02	81.15	311.26	Upgrade
Free Cash Flow Growth	-	-	-	-	-73.93%	246.91%	Upgrade
Free Cash Flow Margin	146.15%	-8.41%	-129.78%	-46.60%	67.09%	979.26%	Upgrade
Free Cash Flow Per Share	0.38	-0.01	-0.28	-0.10	0.16	0.57	Upgrade
Cash Interest Paid	29.17	25.36	10.91	5.2	6.97	8.87	Upgrade

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