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Emaar Properties PJSC (DFM:EMAAR)
United Arab Emirates flag United Arab Emirates · Delayed Price · Currency is AED
11.52
-0.08 (-0.69%)
Aug 7, 2026, 2:05 PM GST

Emaar Properties PJSC Cash Flow Statement

Millions AED. Fiscal year is Jan - Dec.

Operating Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Mar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Net Income
18,88717,59913,51411,6296,8323,801
Depreciation & Amortization
1,7851,6851,5361,5271,4001,375
Other Amortization
3.343.342.643.610.410.68
Loss (Gain) From Sale of Assets
----694.89-6.86-89.89
Asset Writedown & Restructuring Costs
---2,011916.12667.66
Loss (Gain) From Sale of Investments
---229.16--233.41-
Loss (Gain) on Equity Investments
-1,237-800.87-5.6-236.98-214.29-353.63
Provision & Write-off of Bad Debts
73.4859.9539.961.81438.63962.29
Other Operating Activities
5,9235,4794,0052,8681,5803,144
Change in Accounts Receivable
-184.76827.55-552.975,4364,134-1,284
Change in Accounts Payable
833.91,57833.38-4,886-550.29-305.51
Change in Unearned Revenue
8,3478,2298,4423,2944,1382,103
Change in Income Taxes
----4.46-32.81169.03
Change in Other Net Operating Assets
-2,459-1,203-2,304-1,177541.3371.03
Operating Cash Flow
31,97333,45824,48119,83118,94210,561
Operating Cash Flow Growth
3.80%36.67%23.45%4.70%79.36%394.08%

Investing Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Mar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Capital Expenditures
-991.39-934.37-533.57-578.41-960.33-1,288
Sale of Property, Plant & Equipment
---0.312.3619.8
Cash Acquisitions
--657.11--2,500-
Divestitures
---1,231--
Sale (Purchase) of Intangibles
1.561.56-2.1-11.57-3.98-
Sale (Purchase) of Real Estate
-902.06-1,015-747-594.56-332.93-1,060
Investment in Securities
-11,209-7,679-3,506-7,272555.59-890.16
Other Investing Activities
2,7122,6671,8611,916707.44461.73
Investing Cash Flow
-10,388-6,961-2,270-5,309-2,532-2,756

Financing Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Mar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Long-Term Debt Issued
-2,9823,0401,55010,8167,298
Long-Term Debt Repaid
--3,012-3,630-3,909-14,129-10,319
Net Debt Issued (Repaid)
-457.74-29.33-590.02-2,359-3,313-3,021
Common Dividends Paid
-11,178-11,178-7,289-2,907-1,832-2,029
Other Financing Activities
-1,486-1,408-880.32-919.83-825.58-991.44
Financing Cash Flow
-13,122-12,615-8,760-6,186-5,970-6,041

Net Cash Flow

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Mar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Foreign Exchange Rate Adjustments
-25.4118.57-444.06-257.02-358.5-3.3
Miscellaneous Cash Flow Adjustments
----0--
Net Cash Flow
8,43714,00113,0078,08010,0811,760

Free Cash Flow

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Mar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Free Cash Flow
30,98232,52423,94819,25317,9829,273
Free Cash Flow Growth
2.66%35.81%24.39%7.07%93.92%567.64%
Free Cash Flow Margin
59.74%65.63%67.45%71.97%72.14%33.24%
Free Cash Flow Per Share
3.513.682.712.182.191.27
Levered Free Cash Flow
3,0674,235-9,1191,711-2,4546,025
Unlevered Free Cash Flow
3,3694,542-8,7532,129-2,0066,466

Additional Metrics

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Mar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash Interest Paid
1,0931,002854.57920.84809.21973.78
Cash Income Tax Paid
874.22843.83224.31---
Change in Working Capital
6,5379,4325,6192,6628,2291,053