Dubai Electricity and Water Authority (PJSC) (DFM:DEWA)
United Arab Emirates · Delayed Price · Currency is AED 2.700
+0.020 (0.75%)
Aug 27, 2026, 2:57 PM GST
DFM:DEWA Cash Flow Statement
Financials in millions AED. Fiscal year is January - December.
Millions AED. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 | 8,785 | 8,347 | 7,013 | 7,701 | 7,723 | 6,123 |
Depreciation & Amortization | 6,687 | 6,612 | 6,495 | 6,055 | 5,387 | 5,232 |
Other Amortization | 369.51 | 353.93 | 132.52 | 95.47 | 80.08 | 80.72 |
Loss (Gain) on Sale of Assets | -1.18 | -1.82 | -4.68 | -0.4 | -0.31 | -0.18 |
Loss (Gain) on Sale of Investments | -62.67 | -14.08 | 3.87 | 71.94 | 9.77 | 4.79 |
Loss (Gain) on Equity Investments | - | - | - | - | - | -0.5 |
Asset Writedown | 60.02 | -28.97 | -28.21 | 231.09 | 49.82 | -81.16 |
Change in Accounts Receivable | 105.3 | -280.26 | 410.62 | 786.3 | -506.29 | -1,064 |
Change in Inventory | -31.91 | 46.9 | -169.24 | 35.66 | -8.43 | -64.37 |
Change in Accounts Payable | 4,563 | 5,339 | 3,405 | 2,402 | 2,120 | 838.48 |
Change in Other Net Operating Assets | 489.28 | 1,769 | -383.89 | -556.91 | -586.4 | -945.62 |
Other Operating Activities | -406.19 | -196.52 | 658.98 | -351.33 | -180.16 | -194.15 |
Operating Cash Flow | 20,467 | 21,850 | 17,435 | 16,518 | 14,232 | 10,020 |
Operating Cash Flow Growth | -2.15% | 25.32% | 5.56% | 16.06% | 42.03% | 20.93% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Capital Expenditures | -10,350 | -10,590 | -9,267 | -6,805 | -8,630 | -12,268 |
Sale of Property, Plant & Equipment | 8 | 8.73 | 167.46 | 20.6 | 4.24 | 3.92 |
Cash Acquisitions | - | - | -0.16 | -892.5 | - | - |
Sale (Purchase) of Intangibles | -14.11 | -13.6 | -7.21 | -21.44 | -8.63 | -381.75 |
Investment in Securities | -3,133 | -4,996 | 1,159 | 2,202 | -4,398 | -2,697 |
Other Investing Activities | 1,180 | 1,201 | 1,015 | 732.82 | 286.12 | 138.23 |
Investing Cash Flow | -12,309 | -14,415 | -6,933 | -4,776 | -12,746 | -15,205 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Long-Term Debt Issued | - | 19,604 | 7,503 | 2,367 | 18,511 | 8,552 |
Long-Term Debt Repaid | - | -16,859 | -8,876 | -4,327 | -4,594 | -524.98 |
Net Debt Issued (Repaid) | 6,940 | 2,745 | -1,374 | -1,960 | 13,918 | 8,027 |
Common Dividends Paid | -6,200 | -6,200 | -6,200 | -7,870 | -13,100 | -2,000 |
Other Financing Activities | -6,994 | -1,867 | -2,213 | -1,976 | -523.06 | -1,173 |
Financing Cash Flow | -6,253 | -5,322 | -9,787 | -11,806 | -1,735 | 4,854 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 Cash Flow | 1,905 | 2,114 | 715.31 | -63.98 | -249.75 | -330.47 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Free Cash Flow | 10,117 | 11,260 | 8,168 | 9,713 | 5,602 | -2,248 |
Free Cash Flow Growth | -12.17% | 37.86% | -15.90% | 73.40% | - | - |
Free Cash Flow Margin | 30.56% | 34.29% | 26.37% | 33.29% | 20.49% | -9.44% |
Free Cash Flow Per Share | 0.20 | 0.23 | 0.16 | 0.19 | 0.11 | -0.04 |
Levered Free Cash Flow | 3,017 | 3,304 | 5,345 | 5,056 | 1,683 | -379.6 |
Unlevered Free Cash Flow | 3,908 | 4,188 | 6,616 | 6,043 | 2,080 | -141.54 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Cash Interest Paid | 2,245 | 2,206 | 2,577 | 2,378 | 1,834 | 1,076 |
Cash Income Tax Paid | 818.09 | 818.09 | - | - | - | - |
Change in Working Capital | 5,126 | 6,874 | 3,263 | 2,668 | 1,018 | -1,236 |