Islamic Arab Insurance Co. (Salama) PJSC (DFM:SALAMA)

DFM:SALAMA Cash Flow Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	4.01	13.09	-158.39	18.9	40.05
Depreciation & Amortization	5.06	5.35	5.35	5.81	6.53
Other Amortization	0.7	1.63	1.85	1.53	0.85
Gain (Loss) on Sale of Investments	-0.87	0.02	-0.08	-6.8	36.63
Change in Accounts Receivable	-	6.8	-6.8	6.81	-4.32
Reinsurance Recoverable	33.74	-122.4	-66.62	57.83	-
Change in Insurance Reserves / Liabilities	-107.39	46.67	169.28	-604.82	83.25
Change in Other Net Operating Assets	36.99	32.37	9.83	-100.53	119.2
Other Operating Activities	21.6	-19.97	14.02	19	48.23
Operating Cash Flow	-57.83	-77.39	102.36	-622.19	322.94
Operating Cash Flow Growth	-	-	-	-	246.52%
Capital Expenditures	-1.82	-3.36	-0.5	-1.99	-1.68
Purchase / Sale of Intangible Assets	-0.2	-1.03	-1.03	-1.78	-3.06
Investment in Securities	122.13	115.23	-71.01	465.85	65.79
Other Investing Activities	-32.68	-10.42	-15.47	-35.29	-33.05
Investing Cash Flow	87.43	100.4	-88	426.57	28
Short-Term Debt Issued	-	-	-	-	25
Total Debt Issued	-	-	-	-	25
Total Debt Repaid	-	-	-	-25	-
Net Debt Issued (Repaid)	-	-	-	-25	25
Common Dividends Paid	-	-	-	-23.75	-98.04
Other Financing Activities	-2.12	-12.36	-3.35	-4.47	1.18
Financing Cash Flow	-2.12	-12.36	-3.35	-53.21	-71.86
Miscellaneous Cash Flow Adjustments	-	-	-	258.47	-258.47
Net Cash Flow	27.49	10.65	11	9.64	20.62
Free Cash Flow	-59.65	-80.75	101.86	-624.18	321.26
Free Cash Flow Growth	-	-	-	-	249.77%
Free Cash Flow Margin	-5.70%	-7.46%	8.63%	-66.09%	44.45%
Free Cash Flow Per Share	-0.12	-0.17	0.20	-1.29	0.67
Cash Income Tax Paid	7.32	-	5.1	6.36	-
Levered Free Cash Flow	49.72	-88.11	-89.85	-420.79	-317.82
Unlevered Free Cash Flow	49.72	-88.11	-80.57	-411.88	-315.72
Change in Working Capital	-57.04	-77.06	82.54	-653.69	198.14

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