Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual (AED)

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Operations
Operating Cash Flow	231.93M	132.12M	3.89M	54.81M	105.15M
Free Cash Flow	158.96M	89.55M	-44.94M	2.77M	-2.58M
Capital Expenditures	-72.97M	-42.57M	-48.84M	-52.03M	-107.74M
Investing & Financing
Investing Cash Flow	860.52M	-199.56M	-36.85M	-49.14M	-108.12M
Financing Cash Flow	-0.97B	-0.01B	1.10B	0.04B	-0.01B
Dividends Paid	-947.11M	—	—	—	—
Share Repurchase	-18.66M	—	—	—	—
Operating Activities
Operating Cash Flow	231.93M	132.12M	3.89M	54.81M	105.15M
Net Income	104.57M	233.44M	-51.11M	67.95M	-32.59M
Change in Accounts Payable	12.19M	50.25M	2.58M	-33.73M	94.40M
Change in Accounts Receivable	89.12M	-40.00M	-102.89M	-37.13M	-64.09M
Change in Inventory	-18.47M	-74.74M	-59.14M	-49.65M	7.82M
Change in Other Net Operating Assets	4.26M	1.54M	-4.11M	7.07M	13.76M
Change in Unearned Revenue	-2.03M	0.31M	-3.35M	8.00M	6.01M
Change in Working Capital	85.07M	-62.64M	-166.91M	-105.45M	57.90M
Other Operating Activities	-1.96M	-71.18M	-6.60M	5.97M	3.20M
Provision & Write-off of Bad Debts	3.74M	-4.65M	-1.16M	35.25M	-0.52M
Depreciation & Amortization	39.99M	37.60M	36.31M	37.24M	35.66M
Other Amortization	0.57M	0.52M	191.79M	0.27M	—
Cash Interest Paid	828.00K	927.00K	416.00K	577.00K	618.00K
Cash Income Tax Paid	23.26M	—	—	—	—
Asset Writedown & Restructuring Costs	—	—	1.86M	14.53M	41.50M
Investing Activities
Investing Cash Flow	860.52M	-199.56M	-36.85M	-49.14M	-108.12M
Capital Expenditures	-72.97M	-42.57M	-48.84M	-52.03M	-107.74M
Investment in Securities	891.47M	-229.37M	—	—	—
Other Investing Activities	47.61M	72.10M	11.83M	1.71M	0.65M
Sale (Purchase) of Intangibles	-5.73M	-0.69M	-0.42M	-0.52M	-1.02M
Sale of Property, Plant & Equipment	0.13M	0.97M	0.57M	1.71M	—
Loss (Gain) From Sale of Assets	-57.00K	-966.00K	-280.00K	-954.00K	—
Financing Activities
Financing Cash Flow	-0.97B	-0.01B	1.10B	0.04B	-0.01B
Common Dividends Paid	-947.11M	—	—	—	—
Issuance of Common Stock	—	—	734.00M	50.60M	—
Repurchase of Common Stock	-18.66M	—	—	—	—
Long-Term Debt Repaid	-6.39M	-4.44M	-2.69M	-5.68M	-5.02M
Net Debt Issued (Repaid)	-6.39M	-4.44M	-2.69M	-5.68M	-5.02M
Other Financing Activities	-1.69M	-0.93M	367.52M	-0.58M	-0.62M
Free Cash Flow & Returns
Free Cash Flow	158.96M	89.55M	-44.94M	2.77M	-2.58M
Free Cash Flow Growth	+77.5%	—	—	—	—
Free Cash Flow Margin	+23.5%	+12.8%	-7.1%	+0.5%	-0.7%
Free Cash Flow Per Share	0.08	0.05	-0.05	0.00	-13.83
Levered Free Cash Flow	100.21M	20.55M	148.48M	80.96M	-11.00M
Unlevered Free Cash Flow	100.72M	21.13M	148.74M	81.32M	-10.62M
Operating Cash Flow Growth	+75.5%	+3,295.4%	-92.9%	-47.9%	+139.7%
Net Cash Flow	0.12B	-0.07B	1.07B	0.05B	-0.01B

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (AED)

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Operations
Operating Cash Flow	231.93M	132.12M	3.89M	54.81M	105.15M
Free Cash Flow	158.96M	89.55M	-44.94M	2.77M	-2.58M
Capital Expenditures	-72.97M	-42.57M	-48.84M	-52.03M	-107.74M
Investing & Financing
Investing Cash Flow	860.52M	-199.56M	-36.85M	-49.14M	-108.12M
Financing Cash Flow	-0.97B	-0.01B	1.10B	0.04B	-0.01B
Dividends Paid	-947.11M	—	—	—	—
Share Repurchase	-18.66M	—	—	—	—
Operating Activities
Operating Cash Flow	231.93M	132.12M	3.89M	54.81M	105.15M
Net Income	104.57M	233.44M	-51.11M	67.95M	-32.59M
Change in Accounts Payable	12.19M	50.25M	2.58M	-33.73M	94.40M
Change in Accounts Receivable	89.12M	-40.00M	-102.89M	-37.13M	-64.09M
Change in Inventory	-18.47M	-74.74M	-59.14M	-49.65M	7.82M
Change in Other Net Operating Assets	4.26M	1.54M	-4.11M	7.07M	13.76M
Change in Unearned Revenue	-2.03M	0.31M	-3.35M	8.00M	6.01M
Change in Working Capital	85.07M	-62.64M	-166.91M	-105.45M	57.90M
Other Operating Activities	-1.96M	-71.18M	-6.60M	5.97M	3.20M
Provision & Write-off of Bad Debts	3.74M	-4.65M	-1.16M	35.25M	-0.52M
Depreciation & Amortization	39.99M	37.60M	36.31M	37.24M	35.66M
Other Amortization	0.57M	0.52M	191.79M	0.27M	—
Cash Interest Paid	828.00K	927.00K	416.00K	577.00K	618.00K
Cash Income Tax Paid	23.26M	—	—	—	—
Asset Writedown & Restructuring Costs	—	—	1.86M	14.53M	41.50M
Investing Activities
Investing Cash Flow	860.52M	-199.56M	-36.85M	-49.14M	-108.12M
Capital Expenditures	-72.97M	-42.57M	-48.84M	-52.03M	-107.74M
Investment in Securities	891.47M	-229.37M	—	—	—
Other Investing Activities	47.61M	72.10M	11.83M	1.71M	0.65M
Sale (Purchase) of Intangibles	-5.73M	-0.69M	-0.42M	-0.52M	-1.02M
Sale of Property, Plant & Equipment	0.13M	0.97M	0.57M	1.71M	—
Loss (Gain) From Sale of Assets	-57.00K	-966.00K	-280.00K	-954.00K	—
Financing Activities
Financing Cash Flow	-0.97B	-0.01B	1.10B	0.04B	-0.01B
Common Dividends Paid	-947.11M	—	—	—	—
Issuance of Common Stock	—	—	734.00M	50.60M	—
Repurchase of Common Stock	-18.66M	—	—	—	—
Long-Term Debt Repaid	-6.39M	-4.44M	-2.69M	-5.68M	-5.02M
Net Debt Issued (Repaid)	-6.39M	-4.44M	-2.69M	-5.68M	-5.02M
Other Financing Activities	-1.69M	-0.93M	367.52M	-0.58M	-0.62M
Free Cash Flow & Returns
Free Cash Flow	158.96M	89.55M	-44.94M	2.77M	-2.58M
Free Cash Flow Growth	+77.5%	—	—	—	—
Free Cash Flow Margin	+23.5%	+12.8%	-7.1%	+0.5%	-0.7%
Free Cash Flow Per Share	0.08	0.05	-0.05	0.00	-13.83
Levered Free Cash Flow	100.21M	20.55M	148.48M	80.96M	-11.00M
Unlevered Free Cash Flow	100.72M	21.13M	148.74M	81.32M	-10.62M
Operating Cash Flow Growth	+75.5%	+3,295.4%	-92.9%	-47.9%	+139.7%
Net Cash Flow	0.12B	-0.07B	1.07B	0.05B	-0.01B

Financials

Annual (AED)

E7

Annual (AED)