DFM:ALRAMZ Cash Flow Statement

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

Millions AED. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	48.26	15.95	39.67	32.49	54.52
Depreciation & Amortization, Total	4.62	5.98	5.27	4.69	4.23
Gain (Loss) On Sale of Investments	-9.56	9.81	-10.68	18.02	-18.65
Change in Accounts Payable	-7.85	86.71	142.94	-165.31	162.09
Change in Other Net Operating Assets	186.41	-108.86	-310.72	79	-116.18
Other Operating Activities	-19.43	-11.05	-8.19	-5.89	-3.21
Operating Cash Flow	203.34	-1.02	-141.55	-36.66	86.34
Capital Expenditures	-4.85	-6.32	-12.27	-11.36	-5.19
Sale (Purchase) of Intangibles	-9.96	-5.55	-	-	-
Investment in Securities	54.08	-45.95	76.93	103.16	25.06
Other Investing Activities	-173.67	-64.31	9.24	122.21	-99.56
Investing Cash Flow	-134.4	-122.13	73.9	214.04	-78.63
Short-Term Debt Issued	59	160	140	-	-
Total Debt Issued	59	160	140	-	-
Short-Term Debt Repaid	-	-16.9	-	-	-47.51
Long-Term Debt Repaid	-0.22	-0.2	-0.2	-0.19	-0.07
Total Debt Repaid	-0.22	-17.1	-0.2	-0.19	-47.58
Net Debt Issued (Repaid)	58.79	142.9	139.8	-0.19	-47.58
Issuance of Common Stock	-	-	-	56.84	-
Repurchase of Common Stock	-	-	-	-	-34.88
Common Dividends Paid	-	-33	-33	-19.92	-10.66
Financing Cash Flow	58.79	109.91	106.81	36.73	-93.12
Net Cash Flow	127.73	-13.24	39.16	214.11	-85.42
Free Cash Flow	198.49	-7.34	-153.82	-48.02	81.15
Free Cash Flow Growth	-	-	-	-	-73.93%
Free Cash Flow Margin	124.53%	-7.37%	-129.78%	-46.60%	67.09%
Free Cash Flow Per Share	0.36	-0.01	-0.28	-0.10	0.16
Cash Interest Paid	28.07	25.36	10.91	5.2	6.97
Cash Income Tax Paid	1.56	-	-	-	-

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