Emirates NBD Bank PJSC Cash Flow Statement

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

Millions AED. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2015 - 2019
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2015 - 2019
Net Income	22,919	22,973	21,480	13,003	9,298	6,960	Upgrade
Depreciation & Amortization	1,406	1,279	961	965	964.27	1,020	Upgrade
Gain (Loss) on Sale of Assets	99	6	-389	-25	-326.24	0.03	Upgrade
Gain (Loss) on Sale of Investments	-4,433	-4,075	-2,221	-4,218	-1,657	1,821	Upgrade
Total Asset Writedown	109	117	108	117	130.21	123.02	Upgrade
Provision for Credit Losses	1,910	-404	4,466	5,319	6,235	7,876	Upgrade
Change in Trading Asset Securities	-275	3,083	2,307	-7,328	2,555	-6,095	Upgrade
Change in Other Net Operating Assets	-153,469	-54,521	-95,003	-22,775	21,862	-115.78	Upgrade
Other Operating Activities	1,467	6,780	6,017	5,019	4,205	-486.47	Upgrade
Operating Cash Flow	-130,282	-24,774	-62,281	-9,938	43,268	11,068	Upgrade
Operating Cash Flow Growth	-	-	-	-	290.94%	-	Upgrade
Capital Expenditures	-661	-2,903	-1,447	-656	-448.26	-747.23	Upgrade
Investment in Securities	-22,480	-22,850	-45,787	-18,621	-33,971	-18,087	Upgrade
Income (Loss) Equity Investments	-15	-12	-7	-15	2.4	-34.23	Upgrade
Divestitures	-	-	-	-	546.73	-	Upgrade
Other Investing Activities	15	12	7	15	18.74	22.06	Upgrade
Investing Cash Flow	-23,126	-25,741	-47,227	-19,262	-33,854	-18,812	Upgrade
Long-Term Debt Issued	-	30,443	23,386	6,994	27,473	20,100	Upgrade
Long-Term Debt Repaid	-	-19,471	-8,050	-12,963	-16,986	-13,487	Upgrade
Net Debt Issued (Repaid)	8,687	10,972	15,336	-5,969	10,487	6,613	Upgrade
Issuance of Common Stock	3,664	-	-	-	2,749	2,748	Upgrade
Repurchase of Common Stock	-3,664	-	-	-	-4,000	-1,836	Upgrade
Common Dividends Paid	-6,850	-8,084	-4,297	-3,666	-3,117	-3,175	Upgrade
Net Increase (Decrease) in Deposit Accounts	115,539	82,216	81,608	46,469	-7,713	-7,984	Upgrade
Financing Cash Flow	117,306	85,104	92,647	36,834	-1,594	-3,635	Upgrade
Net Cash Flow	-36,102	34,589	-16,861	7,634	7,820	-11,380	Upgrade
Free Cash Flow	-130,943	-27,677	-63,728	-10,594	42,820	10,320	Upgrade
Free Cash Flow Growth	-	-	-	-	314.90%	-	Upgrade
Free Cash Flow Margin	-286.03%	-62.70%	-160.62%	-38.77%	238.91%	67.57%	Upgrade
Free Cash Flow Per Share	-20.75	-4.39	-10.10	-1.68	6.79	1.64	Upgrade
Cash Income Tax Paid	3,736	1,665	1,454	1,426	689.19	388.64	Upgrade

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