DFM:DNIR 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	53.62	53.54	47.12	43.73	58.84
Depreciation & Amortization	1.61	1.21	0.67	0.24	0.29
Gain (Loss) on Sale of Assets	-	-	-0.05	-	-0.16
Change in Accounts Receivable	-	-	-	-	4.29
Reinsurance Recoverable	240.47	-570.91	13.06	-7.2	24.11
Change in Insurance Reserves / Liabilities	-136.89	592.71	-23.2	15.58	-25.3
Change in Other Net Operating Assets	-6.81	0.17	-20.34	42.83	2.36
Other Operating Activities	-40.37	-43.42	-31.74	-28.33	-31.06
Operating Cash Flow	101.7	16.52	-19.92	58.27	32.77
Operating Cash Flow Growth	515.50%	-	-	77.81%	-
Capital Expenditures	-10.68	-14.93	-3.29	-2.16	-0.26
Sale of Property, Plant & Equipment	-	-	0.06	-	0.24
Investment in Securities	3.3	120.58	-3.18	-35.12	-31.24
Other Investing Activities	44.22	45.04	32.57	26.35	28.06
Investing Cash Flow	36.85	150.49	25.25	-13.45	-3.2
Common Dividends Paid	-17.33	-11.55	-11.55	-34.65	-34.65
Financing Cash Flow	-17.33	-11.55	-11.55	-34.65	-34.65
Net Cash Flow	121.22	155.46	-6.22	10.17	-5.08
Free Cash Flow	91.02	1.59	-23.21	56.11	32.51
Free Cash Flow Growth	5624.40%	-	-	72.57%	-
Free Cash Flow Margin	25.55%	0.50%	-9.26%	31.23%	21.25%
Free Cash Flow Per Share	0.79	0.01	-0.20	0.49	0.28
Levered Free Cash Flow	118.61	42.02	-2.08	64.93	474.21
Unlevered Free Cash Flow	118.61	42.02	-2.08	64.93	474.21
Change in Working Capital	96.77	21.97	-30.48	51.22	5.45

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