DFM:DFM 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	965.78	376.71	329.4	147.11	103.84
Depreciation & Amortization	72.72	74.68	77.42	78.29	79.68
Loss (Gain) From Sale of Assets	-461.87	-	-	-	-
Loss (Gain) From Sale of Investments	-0.81	-18.52	-8.64	-	-
Other Operating Activities	-226.45	-225.61	-190.67	-95.07	-81.22
Change in Accounts Payable	346.08	212.25	71.82	-293.93	238.16
Change in Other Net Operating Assets	8.44	2.79	-1.9	4.98	-2.14
Operating Cash Flow	703.87	422.3	277.44	-158.62	338.32
Operating Cash Flow Growth	66.67%	52.22%	-	-	-14.00%
Capital Expenditures	-8.04	-6.57	-16.31	-8.22	-6.57
Sale (Purchase) of Real Estate	142.03	-	-	-	-
Investment in Securities	-919.75	-271.31	-565.39	651.25	-206.69
Other Investing Activities	262.69	252.07	144	74.93	89.42
Investing Cash Flow	-523.07	-25.8	-437.71	717.97	-123.83
Long-Term Debt Repaid	-9.87	-9.34	-10.55	-9.07	-9.67
Net Debt Issued (Repaid)	-9.87	-9.34	-10.55	-9.07	-9.67
Common Dividends Paid	-255.85	-279.84	-137.66	-339.87	-366.5
Financing Cash Flow	-265.72	-289.19	-148.21	-348.94	-376.17
Net Cash Flow	-84.92	107.31	-308.48	210.41	-161.69
Free Cash Flow	695.83	415.73	261.12	-166.83	331.75
Free Cash Flow Growth	67.37%	59.21%	-	-	-8.67%
Free Cash Flow Margin	85.13%	65.74%	47.70%	-47.04%	111.30%
Free Cash Flow Per Share	0.09	0.05	0.03	-0.02	0.04
Cash Income Tax Paid	33.52	-	-	-	-
Levered Free Cash Flow	590.69	566.16	288.88	-279.66	51.12
Unlevered Free Cash Flow	591.25	567	288.95	-279.01	52.93
Change in Working Capital	354.51	215.04	69.92	-288.95	236.02

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.