Emirates Central Cooling Systems Corporation (DFM:EMPOWER)

DFM:EMPOWER Cash Flow Statement

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

Operating Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	1,057	993.3	896.75	952.93	1,001	935.86
Depreciation & Amortization	379.97	376.03	359.08	348.2	326.83	311.55
Other Amortization	3.78	3.78	3.78	2.85	8.48	1.6
Loss (Gain) on Sale of Assets	-	-	0.03	-	-0.03	-0.03
Loss (Gain) on Sale of Investments	-	-	-	-	17.87	8.57
Loss (Gain) on Equity Investments	0.19	0.19	-	-	-	-
Asset Writedown	-	-	0.92	-	-12.73	-32.33
Change in Accounts Receivable	-47.34	-21.88	46.83	6.01	-77.13	6.02
Change in Inventory	-7.27	-1.93	-10.06	2.03	-19.49	8.06
Change in Accounts Payable	323.36	336.17	215.83	-0.69	46.83	37.53
Change in Other Net Operating Assets	49.11	36.93	69.96	-98.74	63.2	77.89
Other Operating Activities	150.37	155.58	258.76	179.01	70.25	11.48
Operating Cash Flow	1,893	1,862	1,824	1,392	1,425	1,366
Operating Cash Flow Growth	5.96%	2.06%	31.10%	-2.32%	4.28%	32.69%

Investing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Capital Expenditures	-462.54	-440.04	-306.78	-320.14	-434.86	-571.58
Sale of Property, Plant & Equipment	-	-	-	-	0.03	0.03
Cash Acquisitions	-	-	-0.16	-892.5	-	-668.29
Investment in Securities	-100.54	-46.73	-18.05	-26.2	203.5	-197.3
Other Investing Activities	55.9	54.64	52.87	42.89	35.55	11.02
Investing Cash Flow	-481.49	-432.13	-272.12	-1,209	-195.78	-1,426

Financing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Long-Term Debt Issued	-	6,749	4,749	-	5,406	917.29
Long-Term Debt Repaid	-	-6,755	-3,755	-3.18	-2,916	-260.62
Net Debt Issued (Repaid)	-4.6	-6.03	994.81	-3.18	2,490	656.67
Common Dividends Paid	-875	-875	-850	-850	-3,400	-400.3
Other Financing Activities	-222.65	-229.76	-299.24	-264.8	-90.95	-20.06
Financing Cash Flow	-1,102	-1,111	-154.43	-1,118	-1,001	236.31

Net Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Cash Flow	309.71	319.12	1,398	-935.13	228.32	176.39

Free Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Free Cash Flow	1,431	1,422	1,518	1,071	989.78	794.63
Free Cash Flow Growth	-3.86%	-6.30%	41.64%	8.25%	24.56%	212.65%
Free Cash Flow Margin	40.77%	41.59%	46.55%	35.30%	35.44%	32.25%
Free Cash Flow Per Share	0.14	0.14	0.15	0.11	0.10	0.08
Levered Free Cash Flow	1,009	1,007	1,023	359.67	506.56	324.33
Unlevered Free Cash Flow	1,140	1,144	1,175	494.84	552.26	328.43

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash Interest Paid	222.65	229.76	299.24	264.8	90.95	20.06
Cash Income Tax Paid	88.95	88.95	-	-	-	-
Change in Working Capital	317.85	349.29	322.56	-91.39	13.4	129.51

Data Source: S&P Global Market Intelligence Last updated: Mar 31, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 7, 2026

Data Sources Report a data error