DFM:DRC 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	167.63	157.87	135.83	361.78	105.65	96.8
Depreciation & Amortization	55.37	56.29	55	55.43	56.57	60.19
Other Amortization	0.11	0.11	0.67	0.66	0.27	0.22
Loss (Gain) From Sale of Assets	-0.31	-0.27	-0.24	-219.84	-0.3	1.9
Provision & Write-off of Bad Debts	0.6	0.6	0.6	1.41	0.96	1.45
Other Operating Activities	-9.94	-11.17	-7.38	-16.14	0.75	1.95
Change in Accounts Receivable	-8.03	-27.4	23.82	-26.63	9.52	-26.46
Change in Inventory	-55.7	-23.23	-9.94	-5.71	7.49	-26.1
Change in Accounts Payable	1.95	3.9	-3.99	2.33	34.98	15.36
Operating Cash Flow	151.68	156.7	194.38	153.29	215.9	125.31
Operating Cash Flow Growth	-33.84%	-19.39%	26.80%	-29.00%	72.30%	7.79%
Capital Expenditures	-13.01	-13.35	-25.6	-31.7	-18.5	-12.95
Sale of Property, Plant & Equipment	0.37	0.27	0.24	247.93	0.41	0.04
Sale (Purchase) of Intangibles	-0.21	-0.08	-0.11	-0.14	-0.31	-0.04
Sale (Purchase) of Real Estate	-	-	-	-	-22.1	-
Investment in Securities	-184.28	-184.28	-113.47	-151.43	-	-
Other Investing Activities	-97.31	17.89	22.75	18.18	6.32	4.08
Investing Cash Flow	-294.44	-179.55	-116.19	82.83	-34.18	-8.87
Long-Term Debt Repaid	-	-12.81	-11.87	-16.97	-15.93	-25.94
Net Debt Issued (Repaid)	-12.84	-12.81	-11.87	-16.97	-15.93	-25.94
Common Dividends Paid	-	-	-	-63	-63	-63
Other Financing Activities	0.05	-95.2	-293.2	-4.2	-4.28	-4.32
Financing Cash Flow	-12.79	-108.01	-305.07	-84.17	-83.21	-93.27
Net Cash Flow	-155.55	-130.86	-226.88	151.96	98.52	23.17
Free Cash Flow	138.68	143.35	168.78	121.59	197.4	112.36
Free Cash Flow Growth	-32.68%	-15.07%	38.82%	-38.41%	75.69%	11.83%
Free Cash Flow Margin	16.27%	16.34%	20.63%	15.14%	26.24%	16.78%
Free Cash Flow Per Share	1.53	1.59	1.88	1.35	2.19	1.25
Cash Interest Paid	5.08	5.08	3.19	-	0.08	0.12
Cash Income Tax Paid	12.71	12.71	-	-	-	-
Levered Free Cash Flow	91.62	94.89	132.11	59.9	150.92	71.45
Unlevered Free Cash Flow	94.77	98.06	134.1	62.07	153.28	74.01
Change in Working Capital	-61.77	-46.73	9.9	-30.01	52	-37.2

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