DFM:DU 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	2,905	2,488	1,668	1,220	1,101
Depreciation & Amortization	1,913	1,931	1,984	1,848	1,797
Other Amortization	233.68	203.67	194.01	146.51	168.35
Loss (Gain) From Sale of Assets	-	-	-	1.3	0.14
Asset Writedown & Restructuring Costs	21.57	19.32	20.51	117.47	59.86
Loss (Gain) From Sale of Investments	-	-	-	8.5	-
Loss (Gain) on Equity Investments	-	-	2.72	7.91	5.56
Provision & Write-off of Bad Debts	248.95	292.98	273.57	195.29	178.04
Other Operating Activities	377.66	-89.86	-1,660	-1,375	-1,463
Change in Accounts Receivable	-379.62	-564.9	-341.37	-169.95	-553.85
Change in Inventory	6.77	-82.79	-5.49	-31.41	11.62
Change in Accounts Payable	-11.23	401.3	2,332	1,807	1,502
Change in Unearned Revenue	36.39	109.25	-2.74	-0.11	132.12
Change in Other Net Operating Assets	-122.12	-70.6	-40.2	-153.21	92.83
Operating Cash Flow	5,230	4,637	4,425	3,623	3,031
Operating Cash Flow Growth	12.80%	4.77%	22.15%	19.52%	10.75%
Capital Expenditures	-2,039	-1,536	-1,900	-2,288	-1,869
Sale of Property, Plant & Equipment	1.13	0.87	0.69	0.42	0.83
Sale (Purchase) of Intangibles	-314.73	-384.73	-327.69	-276.56	-129.06
Investment in Securities	-483.94	27.32	-652.32	700	655
Other Investing Activities	70.6	76.05	44.99	25.22	32.07
Investing Cash Flow	-2,765	-1,816	-2,834	-1,839	-1,310
Long-Term Debt Issued	-	-	-	-	200
Short-Term Debt Repaid	-	-	-	-200	-
Long-Term Debt Repaid	-282.47	-524.25	-593.69	-282.62	-251.85
Total Debt Repaid	-282.47	-524.25	-593.69	-482.62	-251.85
Net Debt Issued (Repaid)	-282.47	-524.25	-593.69	-482.62	-51.85
Common Dividends Paid	-2,629	-1,858	-1,179	-997.24	-1,133
Other Financing Activities	-71.09	-63.67	-79.97	-74.08	-107.79
Financing Cash Flow	-2,983	-2,446	-1,852	-1,554	-1,293
Net Cash Flow	-518.27	373.87	-261.05	229.86	428.01
Free Cash Flow	3,191	3,101	2,525	1,335	1,162
Free Cash Flow Growth	2.92%	22.78%	89.22%	14.86%	28.78%
Free Cash Flow Margin	20.06%	21.19%	18.52%	10.46%	9.95%
Free Cash Flow Per Share	0.70	0.68	0.56	0.29	0.26
Cash Interest Paid	71.09	63.67	79.97	74.08	89.67
Cash Income Tax Paid	247.17	-	-	-	-
Levered Free Cash Flow	1,941	2,019	1,477	504.76	1,132
Unlevered Free Cash Flow	2,001	2,075	1,535	560.34	1,195
Change in Working Capital	-469.81	-207.74	1,943	1,453	1,185

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