DFM:DIN 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	190.65	132.3	141.89	90.04	80.57
Depreciation & Amortization	6.69	5.88	4.01	2.78	1.9
Gain (Loss) on Sale of Assets	-13.83	-	-	-	-
Gain (Loss) on Sale of Investments	-0.39	0.23	0.87	0.12	-0.14
Change in Accounts Receivable	-	-	-	-	-89.82
Reinsurance Recoverable	-155.71	-274.16	-295.85	-133.55	-115.58
Change in Insurance Reserves / Liabilities	416.29	329.91	455.93	228.04	235.11
Change in Other Net Operating Assets	150.8	143.69	154.5	136.87	-3.07
Other Operating Activities	-58.69	-52.85	-39.92	-27.61	-18.47
Operating Cash Flow	535.81	284.98	421.43	296.68	133.38
Operating Cash Flow Growth	88.02%	-32.38%	42.05%	122.43%	171.55%
Capital Expenditures	-51.54	-8.96	-6.31	-1.92	-1.96
Investment in Securities	-199.81	8.49	-148.06	-133.74	-24.5
Other Investing Activities	69.88	56.53	33.89	28.89	19.53
Investing Cash Flow	-123.89	56.05	-120.49	-106.77	-22.92
Long-Term Debt Issued	94.33	116.27	-	-	9.83
Total Debt Repaid	-88.79	-77.23	-	-11.04	-
Net Debt Issued (Repaid)	5.54	39.04	-	-11.04	9.83
Common Dividends Paid	-80	-70	-50	-40	-35
Other Financing Activities	-	-	-4.51	-5.21	-3.81
Financing Cash Flow	-74.46	-30.96	-54.51	-56.25	-28.99
Net Cash Flow	337.45	310.08	246.42	133.66	81.47
Free Cash Flow	484.27	276.02	415.11	294.76	131.42
Free Cash Flow Growth	75.45%	-33.51%	40.83%	124.28%	182.20%
Free Cash Flow Margin	34.03%	21.94%	45.94%	71.36%	35.03%
Free Cash Flow Per Share	4.84	2.76	4.15	2.95	1.31
Cash Income Tax Paid	10.21	-	-	-	-
Levered Free Cash Flow	106.02	-67.62	-688.02	218.42	189.36
Unlevered Free Cash Flow	113.14	-61.15	-681.04	218.42	189.36
Change in Working Capital	411.38	199.43	314.58	231.35	67.79

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