DFM:DIN 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
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
Net Income	167.36	132.3	141.89	90.04	80.57	55.01
Depreciation & Amortization	6.85	5.88	4.01	2.78	1.9	1.51
Gain (Loss) on Sale of Investments	-0.08	0.23	0.87	0.12	-0.14	-0.15
Change in Accounts Receivable	-	-	-	-	-89.82	23.14
Reinsurance Recoverable	3.31	-274.16	-295.85	-133.55	-115.58	-133.99
Change in Insurance Reserves / Liabilities	418.16	329.91	455.93	228.04	235.11	191.17
Change in Other Net Operating Assets	170.96	143.69	154.5	136.87	-3.07	-3.03
Other Operating Activities	-59.03	-52.85	-39.92	-27.61	-18.47	-18.27
Operating Cash Flow	693.7	284.98	421.43	296.68	133.38	49.12
Operating Cash Flow Growth	575.06%	-32.38%	42.05%	122.43%	171.55%	-61.65%
Capital Expenditures	-50.99	-8.96	-6.31	-1.92	-1.96	-2.55
Investment in Securities	-185.29	-201.89	-148.06	-133.74	-24.5	-2.81
Other Investing Activities	63.78	56.53	33.89	28.89	19.53	19.09
Investing Cash Flow	-128.2	-154.33	-120.49	-106.77	-22.92	-0.27
Long-Term Debt Issued	-	39.04	-	-	9.83	-
Total Debt Repaid	-14.88	-	-	-11.04	-	-1.76
Net Debt Issued (Repaid)	6.32	39.04	-	-11.04	9.83	-1.76
Common Dividends Paid	-80	-70	-50	-40	-35	-35
Other Financing Activities	-	-	-4.51	-5.21	-3.81	-4.41
Financing Cash Flow	-73.68	-30.96	-54.51	-56.25	-28.99	-41.17
Net Cash Flow	491.82	99.69	246.42	133.66	81.47	7.68
Free Cash Flow	642.71	276.02	415.11	294.76	131.42	46.57
Free Cash Flow Growth	579.93%	-33.51%	40.83%	124.28%	182.20%	-63.11%
Free Cash Flow Margin	46.51%	21.94%	45.94%	71.36%	35.03%	21.74%
Free Cash Flow Per Share	6.43	2.76	4.15	2.95	1.31	0.47
Levered Free Cash Flow	-988.15	-67.59	-688.02	218.42	189.36	59.89
Unlevered Free Cash Flow	-975	-61.12	-681.04	218.42	189.36	59.89
Change in Working Capital	592.42	199.43	314.58	231.35	67.79	10.66

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