DFM:DFM Cash Flow Statement

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

Millions AED. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 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	1,016	965.78	376.71	329.4	147.11	103.84
Depreciation & Amortization	72.7	72.72	74.68	77.42	78.29	79.68
Loss (Gain) From Sale of Assets	-461.87	-461.87	-	-	-	-
Loss (Gain) From Sale of Investments	-0.81	-0.81	-18.52	-8.64	-	-
Other Operating Activities	-197.8	-226.45	-225.61	-190.67	-95.07	-81.22
Change in Accounts Payable	660.35	346.08	212.25	71.82	-293.93	238.16
Change in Other Net Operating Assets	6.92	8.44	2.79	-1.9	4.98	-2.14
Operating Cash Flow	1,096	703.87	422.3	277.44	-158.62	338.32
Operating Cash Flow Growth	326.95%	66.67%	52.22%	-	-	-14.00%
Capital Expenditures	-5.87	-8.04	-6.57	-16.31	-8.22	-6.57
Sale (Purchase) of Real Estate	142.03	142.03	-	-	-	-
Investment in Securities	-729.48	-919.75	-271.31	-565.39	651.25	-206.69
Other Investing Activities	246.66	262.69	252.07	144	74.93	89.42
Investing Cash Flow	-346.67	-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	-9.87	-9.34	-10.55	-9.07	-9.67
Common Dividends Paid	-255.85	-255.85	-279.84	-137.66	-339.87	-366.5
Other Financing Activities	0.05	-	-	-	-	-
Financing Cash Flow	-265.67	-265.72	-289.19	-148.21	-348.94	-376.17
Net Cash Flow	483.64	-84.92	107.31	-308.48	210.41	-161.69
Free Cash Flow	1,090	695.83	415.73	261.12	-166.83	331.75
Free Cash Flow Growth	340.22%	67.37%	59.21%	-	-	-8.67%
Free Cash Flow Margin	123.32%	85.13%	65.74%	47.70%	-47.04%	111.30%
Free Cash Flow Per Share	0.14	0.09	0.05	0.03	-0.02	0.04
Cash Income Tax Paid	33.52	33.52	-	-	-	-
Levered Free Cash Flow	1,489	590.69	566.16	288.88	-279.66	51.12
Unlevered Free Cash Flow	1,490	591.25	567	288.95	-279.01	52.93
Change in Working Capital	667.27	354.51	215.04	69.92	-288.95	236.02

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