Dubai Refreshment (P.J.S.C.) (DFM:DRC)

DFM:DRC Cash Flow Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	160.11	135.83	361.78	105.65	96.8	56.87
Depreciation & Amortization	56.47	55	55.43	56.57	60.19	60.77
Other Amortization	0.67	0.67	0.66	0.27	0.22	0.52
Loss (Gain) From Sale of Assets	-0.27	-0.24	-219.84	-0.3	1.9	-0.02
Provision & Write-off of Bad Debts	0.6	0.6	1.41	0.96	1.45	0.99
Other Operating Activities	-6.61	-4.19	-16.14	0.75	1.95	2.47
Change in Accounts Receivable	-33.66	23.82	-26.63	9.52	-26.46	12.82
Change in Inventory	-12.02	-9.94	-5.71	7.49	-26.1	-0.2
Change in Accounts Payable	24.06	0.64	2.33	34.98	15.36	-17.97
Operating Cash Flow	189.34	202.19	153.29	215.9	125.31	116.25
Operating Cash Flow Growth	1.07%	31.90%	-29.00%	72.30%	7.79%	-22.43%
Capital Expenditures	-19.45	-25.6	-31.7	-18.5	-12.95	-15.79
Sale of Property, Plant & Equipment	0.27	0.24	247.93	0.41	0.04	0.23
Sale (Purchase) of Intangibles	-0.05	-0.11	-0.14	-0.31	-0.04	-0.04
Sale (Purchase) of Real Estate	-	-	-	-22.1	-	-
Investment in Securities	-129.93	-113.47	-151.43	-	-	-
Other Investing Activities	17.58	18.13	18.18	6.32	4.08	3.94
Investing Cash Flow	-131.59	-120.81	82.83	-34.18	-8.87	-11.65
Long-Term Debt Repaid	-	-15.06	-16.97	-15.93	-25.94	-24.65
Net Debt Issued (Repaid)	-15.32	-15.06	-16.97	-15.93	-25.94	-24.65
Common Dividends Paid	-306	-288	-63	-63	-63	-63
Other Financing Activities	-6.73	-5.2	-4.2	-4.28	-4.32	-4.61
Financing Cash Flow	-220.05	-308.26	-84.17	-83.21	-93.27	-92.26
Net Cash Flow	-162.3	-226.88	151.96	98.52	23.17	12.35
Free Cash Flow	169.89	176.59	121.59	197.4	112.36	100.47
Free Cash Flow Growth	6.22%	45.24%	-38.41%	75.69%	11.83%	-19.54%
Free Cash Flow Margin	19.55%	21.59%	15.14%	26.24%	16.78%	17.80%
Free Cash Flow Per Share	1.89	1.96	1.35	2.19	1.25	1.12
Cash Interest Paid	1.53	-	-	0.08	0.12	0.41
Levered Free Cash Flow	9.37	132.11	59.9	150.92	71.45	71.89
Unlevered Free Cash Flow	11.36	134.1	62.07	153.28	74.01	74.78
Change in Working Capital	-21.62	14.52	-30.01	52	-37.2	-5.35

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.