Financials

Income Statement Balance Sheet Cash Flow Ratios

Quarterly (AED)

1-5

	Q4 2025Dec 31, 2025	Q3 2025Sep 30, 2025	Q2 2025Jun 30, 2025	Q1 2025Mar 31, 2025	Q4 2024Dec 31, 2024
Operations
Operating Cash Flow	2.92B	1.22B	2.81B	1.28B	2.99B
Free Cash Flow	2.26B	0.36B	2.57B	1.17B	2.83B
Capital Expenditures	-0.66B	-0.85B	-0.23B	-0.11B	-0.17B
Investing & Financing
Investing Cash Flow	-2.29B	-0.20B	-1.40B	-1.80B	-2.94B
Financing Cash Flow	1.23B	-0.82B	0.58B	0.40B	0.88B
Dividends Paid	—	-0.05B	-1.45B	-0.05B	—
Operating Activities
Operating Cash Flow	2.92B	1.22B	2.81B	1.28B	2.99B
Net Income	2.47B	1.53B	1.97B	1.64B	1.64B
Change in Accounts Payable	2.27B	1.24B	0.99B	1.23B	0.89B
Change in Accounts Receivable	-0.55B	-1.77B	-1.58B	-2.98B	-0.34B
Change in Inventory	-1.90B	-0.36B	-0.41B	-0.52B	-0.54B
Change in Other Net Operating Assets	0.33B	0.17B	-0.19B	0.21B	0.11B
Change in Unearned Revenue	-0.26B	-0.29B	1.77B	0.87B	0.90B
Change in Working Capital	-0.11B	-1.02B	0.59B	-1.20B	1.02B
Other Operating Activities	0.85B	0.63B	0.63B	0.69B	0.54B
Provision & Write-off of Bad Debts	25.62M	—	—	—	8.44M
Depreciation & Amortization	119.27M	182.43M	176.18M	162.15M	123.82M
Other Amortization	77.15M	—	—	—	49.81M
Cash Interest Paid	459.93M	207.87M	369.04M	233.53M	276.45M
Cash Income Tax Paid	37.34M	210.09M	61.36M	0.04M	—
Loss (Gain) on Equity Investments	-0.68M	1.72M	0.48M	-1.69M	1.23M
Asset Writedown & Restructuring Costs	-502.50M	-37.47M	-530.55M	14.91M	-365.75M
Investing Activities
Investing Cash Flow	-2.29B	-0.20B	-1.40B	-1.80B	-2.94B
Capital Expenditures	-0.66B	-0.85B	-0.23B	-0.11B	-0.17B
Cash Acquisitions	—	-41.04M	—	—	-9.22M
Investment in Securities	-0.15B	-0.25B	-0.10B	0.05B	-0.04B
Other Investing Activities	-0.83B	0.05B	-0.20B	-0.33B	-0.65B
Sale (Purchase) of Intangibles	-91.45M	-33.80M	-22.71M	-25.49M	-15.48M
Sale (Purchase) of Real Estate	-0.56B	0.93B	-0.85B	-1.39B	-2.06B
Loss (Gain) From Sale of Assets	24.21M	-27.46M	-8.31M	-5.11M	-5.94M
Loss (Gain) on Sale of Investments	-32.87M	-47.47M	-19.91M	-19.32M	-17.83M
Financing Activities
Financing Cash Flow	1.23B	-0.82B	0.58B	0.40B	0.88B
Common Dividends Paid	—	-0.05B	-1.45B	-0.05B	—
Issuance of Common Stock	—	—	—	—	—
Long-Term Debt Issued	—	—	—	9.71B	—
Total Debt Issued	4.56B	5.51B	3.95B	9.71B	2.76B
Long-Term Debt Repaid	—	—	—	-8.77B	—
Total Debt Repaid	-2.87B	-4.84B	-1.50B	-8.77B	-1.52B
Net Debt Issued (Repaid)	1.69B	0.67B	2.45B	0.94B	1.24B
Other Financing Activities	-0.46B	-1.44B	-0.41B	-0.49B	-0.36B
Free Cash Flow & Returns
Free Cash Flow	2.26B	0.36B	2.57B	1.17B	2.83B
Free Cash Flow Growth	-20.0%	+12.0%	+179.5%	+712.0%	+444.1%
Free Cash Flow Margin	+22.0%	+4.5%	+33.3%	+15.1%	+43.5%
Free Cash Flow Per Share	0.29	0.05	0.33	0.15	0.36
Levered Free Cash Flow	-0.60B	-0.92B	0.22B	2.54B	0.31B
Unlevered Free Cash Flow	-0.40B	-0.70B	0.43B	2.72B	0.46B
Operating Cash Flow Growth	-2.4%	+65.9%	+163.6%	+288.1%	+288.5%
Net Cash Flow	1.86B	0.20B	1.99B	-0.11B	0.94B
Foreign Exchange Rate Adjustments	1.01M	2.25M	3.26M	2.04M	8.95M

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Quarterly (AED)

1-5

	Q4 2025Dec 31, 2025	Q3 2025Sep 30, 2025	Q2 2025Jun 30, 2025	Q1 2025Mar 31, 2025	Q4 2024Dec 31, 2024
Operations
Operating Cash Flow	2.92B	1.22B	2.81B	1.28B	2.99B
Free Cash Flow	2.26B	0.36B	2.57B	1.17B	2.83B
Capital Expenditures	-0.66B	-0.85B	-0.23B	-0.11B	-0.17B
Investing & Financing
Investing Cash Flow	-2.29B	-0.20B	-1.40B	-1.80B	-2.94B
Financing Cash Flow	1.23B	-0.82B	0.58B	0.40B	0.88B
Dividends Paid	—	-0.05B	-1.45B	-0.05B	—
Operating Activities
Operating Cash Flow	2.92B	1.22B	2.81B	1.28B	2.99B
Net Income	2.47B	1.53B	1.97B	1.64B	1.64B
Change in Accounts Payable	2.27B	1.24B	0.99B	1.23B	0.89B
Change in Accounts Receivable	-0.55B	-1.77B	-1.58B	-2.98B	-0.34B
Change in Inventory	-1.90B	-0.36B	-0.41B	-0.52B	-0.54B
Change in Other Net Operating Assets	0.33B	0.17B	-0.19B	0.21B	0.11B
Change in Unearned Revenue	-0.26B	-0.29B	1.77B	0.87B	0.90B
Change in Working Capital	-0.11B	-1.02B	0.59B	-1.20B	1.02B
Other Operating Activities	0.85B	0.63B	0.63B	0.69B	0.54B
Provision & Write-off of Bad Debts	25.62M	—	—	—	8.44M
Depreciation & Amortization	119.27M	182.43M	176.18M	162.15M	123.82M
Other Amortization	77.15M	—	—	—	49.81M
Cash Interest Paid	459.93M	207.87M	369.04M	233.53M	276.45M
Cash Income Tax Paid	37.34M	210.09M	61.36M	0.04M	—
Loss (Gain) on Equity Investments	-0.68M	1.72M	0.48M	-1.69M	1.23M
Asset Writedown & Restructuring Costs	-502.50M	-37.47M	-530.55M	14.91M	-365.75M
Investing Activities
Investing Cash Flow	-2.29B	-0.20B	-1.40B	-1.80B	-2.94B
Capital Expenditures	-0.66B	-0.85B	-0.23B	-0.11B	-0.17B
Cash Acquisitions	—	-41.04M	—	—	-9.22M
Investment in Securities	-0.15B	-0.25B	-0.10B	0.05B	-0.04B
Other Investing Activities	-0.83B	0.05B	-0.20B	-0.33B	-0.65B
Sale (Purchase) of Intangibles	-91.45M	-33.80M	-22.71M	-25.49M	-15.48M
Sale (Purchase) of Real Estate	-0.56B	0.93B	-0.85B	-1.39B	-2.06B
Loss (Gain) From Sale of Assets	24.21M	-27.46M	-8.31M	-5.11M	-5.94M
Loss (Gain) on Sale of Investments	-32.87M	-47.47M	-19.91M	-19.32M	-17.83M
Financing Activities
Financing Cash Flow	1.23B	-0.82B	0.58B	0.40B	0.88B
Common Dividends Paid	—	-0.05B	-1.45B	-0.05B	—
Issuance of Common Stock	—	—	—	—	—
Long-Term Debt Issued	—	—	—	9.71B	—
Total Debt Issued	4.56B	5.51B	3.95B	9.71B	2.76B
Long-Term Debt Repaid	—	—	—	-8.77B	—
Total Debt Repaid	-2.87B	-4.84B	-1.50B	-8.77B	-1.52B
Net Debt Issued (Repaid)	1.69B	0.67B	2.45B	0.94B	1.24B
Other Financing Activities	-0.46B	-1.44B	-0.41B	-0.49B	-0.36B
Free Cash Flow & Returns
Free Cash Flow	2.26B	0.36B	2.57B	1.17B	2.83B
Free Cash Flow Growth	-20.0%	+12.0%	+179.5%	+712.0%	+444.1%
Free Cash Flow Margin	+22.0%	+4.5%	+33.3%	+15.1%	+43.5%
Free Cash Flow Per Share	0.29	0.05	0.33	0.15	0.36
Levered Free Cash Flow	-0.60B	-0.92B	0.22B	2.54B	0.31B
Unlevered Free Cash Flow	-0.40B	-0.70B	0.43B	2.72B	0.46B
Operating Cash Flow Growth	-2.4%	+65.9%	+163.6%	+288.1%	+288.5%
Net Cash Flow	1.86B	0.20B	1.99B	-0.11B	0.94B
Foreign Exchange Rate Adjustments	1.01M	2.25M	3.26M	2.04M	8.95M

Financials

Quarterly (AED)

Al Dar Properties

Quarterly (AED)