TECOM Group PJSC (DFM:TECOM)

TECOM Group PJSC Cash Flow Statement

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

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	2,129	2,086	1,228	1,078	725.62	568.84
Depreciation & Amortization	507.69	484.87	429.32	394.51	386.2	375.32
Other Amortization	10.84	10.84	10.84	64.32	69.73	10.86
Asset Writedown	-652.06	-652.06	-	-	-	-
Change in Accounts Receivable	-131.61	-147.92	-141.47	-9.55	-33.15	-18.82
Change in Accounts Payable	-84.81	5.03	146.33	3.01	59.48	66.05
Change in Other Net Operating Assets	22.74	49.61	34.13	21.69	73.32	-24.47
Other Operating Activities	227.81	223.54	111.82	104.91	164.87	213.82
Operating Cash Flow	2,021	2,047	1,822	1,631	1,504	1,254
Operating Cash Flow Growth	4.48%	12.36%	11.72%	8.45%	19.88%	28.84%
Acquisition of Real Estate Assets	-1,889	-1,337	-2,280	-418.94	-601.88	-606.49
Net Sale / Acq. of Real Estate Assets	-1,889	-1,337	-2,280	-418.94	-601.88	-606.49
Investment in Marketable & Equity Securities	161.22	161.22	486.62	58.55	-445.63	1,105
Other Investing Activities	29.88	34.59	76.54	-102.43	9.62	9.49
Investing Cash Flow	-1,707	-1,150	-1,724	-476.8	-1,043	493.76
Long-Term Debt Issued	-	-	850	-	371.28	118.86
Long-Term Debt Repaid	-	-300	-	-	-64.22	-96.46
Net Debt Issued (Repaid)	300	-300	850	-	307.06	22.4
Issuance of Common Stock	-	-	-	-	-	146.06
Common Dividends Paid	-840	-800	-800	-600	-1,050	-1,400
Other Financing Activities	-209.84	-211.82	-179.05	-160.77	-209.65	-318.69
Net Cash Flow	-436.78	-414.77	-31.52	393.22	-491.52	197.93
Cash Interest Paid	209.84	211.82	179.05	166.97	209.06	249.94
Cash Income Tax Paid	38.22	38.22	-	-	-	-
Levered Free Cash Flow	1,335	1,462	1,187	913.89	619.22	690.07
Unlevered Free Cash Flow	1,502	1,632	1,369	1,058	687.77	809.31
Change in Working Capital	-193.67	-93.29	38.99	15.15	99.65	22.76

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