Raya Customer Experience Cash Flow Statement

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

Millions EGP. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	316.3	328.15	168.17	46.4	21.03
Depreciation & Amortization	269.73	227.91	171.35	127.23	108.45
Loss (Gain) From Sale of Assets	-1.64	-0.22	-0.47	-0.46	-0.61
Asset Writedown & Restructuring Costs	-	22.8	28.02	-	-
Provision & Write-off of Bad Debts	11.29	45.6	17.96	5.52	-1.35
Other Operating Activities	1.12	114.77	81.42	44.89	-11.67
Change in Accounts Receivable	-220.55	-197	-62.43	-160.09	-25.42
Change in Accounts Payable	15.12	-47.56	56.24	108.61	19.98
Change in Other Net Operating Assets	11.35	6.5	15.13	4.25	-4.63
Operating Cash Flow	402.72	500.96	475.38	176.35	105.77
Operating Cash Flow Growth	-19.61%	5.38%	169.57%	66.72%	18.67%
Capital Expenditures	-138.51	-49.57	-76.91	-23.66	-36.75
Sale of Property, Plant & Equipment	1.67	0.22	1.14	0.68	0.65
Cash Acquisitions	-	-	-	46	-163.04
Other Investing Activities	56.71	55.33	12.27	1.61	11.01
Investing Cash Flow	-80.13	5.98	-63.51	24.63	-188.13
Short-Term Debt Issued	53.51	-	-	-	5.15
Long-Term Debt Issued	-	-	-	-	16.44
Total Debt Issued	53.51	-	-	-	21.59
Short-Term Debt Repaid	-	-2.3	-2.31	-4.97	-
Long-Term Debt Repaid	-318.14	-202.04	-156.98	-74.73	-63.7
Total Debt Repaid	-318.14	-204.34	-159.29	-79.7	-63.7
Net Debt Issued (Repaid)	-264.63	-204.34	-159.29	-79.7	-42.11
Issuance of Common Stock	65.57	-	-	-	1.49
Repurchase of Common Stock	-13.04	-77.93	-	-18.16	-
Common Dividends Paid	-39.3	-43.96	-0.99	-28.58	-7.95
Other Financing Activities	-11.38	-13.67	-7.82	-5.96	-3.16
Financing Cash Flow	-262.78	-339.9	-168.1	-132.39	-51.72
Foreign Exchange Rate Adjustments	-0.02	-10.95	-4.18	0.81	0.42
Miscellaneous Cash Flow Adjustments	0.44	-2.81	-0.86	-1.25	-0.01
Net Cash Flow	60.23	153.28	238.73	68.14	-133.67
Free Cash Flow	264.21	451.39	398.47	152.69	69.02
Free Cash Flow Growth	-41.47%	13.28%	160.97%	121.21%	384.99%
Free Cash Flow Margin	9.18%	17.63%	20.04%	12.43%	8.66%
Free Cash Flow Per Share	1.29	2.14	2.05	0.79	0.34
Cash Interest Paid	11.38	13.67	7.82	-	-
Cash Income Tax Paid	156.18	70.9	25.72	10.52	10.7
Levered Free Cash Flow	275.61	161.69	350.03	102.79	69.39
Unlevered Free Cash Flow	327.76	192.98	363.89	125.56	81.83
Change in Working Capital	-194.08	-238.06	8.94	-47.24	-10.07

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.