Gulf Cement

Gulf Cement Co.

GCEMStocksAbu Dhabi Securities ExchangeMaterials

Financials

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	-14.84M	56.88M	29.56M	-44.30M	72.47M
Free Cash Flow	-54.97M	17.77M	-5.86M	-99.63M	36.75M
Capital Expenditures	-40.13M	-39.11M	-35.42M	-55.34M	-35.72M
Investing & Financing
Investing Cash Flow	-19.73M	-37.19M	-34.91M	19.52M	-25.02M
Financing Cash Flow	36.44M	-19.93M	2.15M	21.37M	-46.53M
Dividends Paid	-0.63M	-0.58M	-2.93M	-0.50M	-19.84M
Operating Activities
Operating Cash Flow	-14.84M	56.88M	29.56M	-44.30M	72.47M
Net Income	-7.99M	-41.45M	-51.59M	-54.40M	-52.99M
Change in Accounts Payable	-36.39M	72.82M	61.89M	-28.43M	62.59M
Change in Accounts Receivable	-30.29M	-27.76M	-24.52M	-6.51M	37.92M
Change in Inventory	15.90M	-5.78M	-12.02M	-4.14M	-7.84M
Change in Working Capital	-50.77M	39.27M	25.35M	-39.07M	92.67M
Other Operating Activities	-9.56M	4.99M	-1.39M	-10.56M	-4.04M
Provision & Write-off of Bad Debts	-0.02M	-1.09M	-0.12M	1.11M	-0.22M
Depreciation & Amortization	57.37M	58.19M	60.26M	55.08M	44.95M
Cash Interest Paid	8.32M	6.72M	4.53M	2.64M	2.23M
Asset Writedown & Restructuring Costs	—	-0.69M	-0.82M	—	-1.93M
Investing Activities
Investing Cash Flow	-19.73M	-37.19M	-34.91M	19.52M	-25.02M
Capital Expenditures	-40.13M	-39.11M	-35.42M	-55.34M	-35.72M
Investment in Securities	19.33M	0.32M	-0.06M	65.96M	7.39M
Other Investing Activities	1.06M	1.60M	0.57M	2.66M	3.31M
Sale (Purchase) of Real Estate	—	—	—	6.24M	—
Loss (Gain) From Sale of Assets	—	—	—	-37.06K	—
Loss (Gain) on Sale of Investments	-3.86M	-2.33M	-2.13M	3.59M	-5.97M
Financing Activities
Financing Cash Flow	36.44M	-19.93M	2.15M	21.37M	-46.53M
Common Dividends Paid	-0.63M	-0.58M	-2.93M	-0.50M	-19.84M
Short-Term Debt Issued	37.94M	—	156.74M	174.65M	140.70M
Total Debt Issued	37.94M	—	156.74M	174.65M	140.70M
Long-Term Debt Repaid	-864.99K	-556.00K	—	—	-188.98K
Short-Term Debt Repaid	—	-18.80M	-151.66M	-152.78M	-167.21M
Total Debt Repaid	-0.86M	-19.35M	-151.66M	-152.78M	-167.39M
Net Debt Issued (Repaid)	37.07M	-19.35M	5.08M	21.87M	-26.69M
Free Cash Flow & Returns
Free Cash Flow	-54.97M	17.77M	-5.86M	-99.63M	36.75M
Free Cash Flow Margin	-9.7%	+3.6%	-1.3%	-28.6%	+10.8%
Free Cash Flow Per Share	-0.13	0.04	-0.01	-0.24	0.09
Levered Free Cash Flow	-130.37M	36.11M	14.42M	-82.15M	55.37M
Unlevered Free Cash Flow	-127.73M	42.43M	14.42M	-80.50M	56.77M
Operating Cash Flow Growth	—	+92.4%	—	—	+689.9%
Net Cash Flow	1.87M	-0.23M	-3.19M	-3.41M	0.91M

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	-14.84M	56.88M	29.56M	-44.30M	72.47M
Free Cash Flow	-54.97M	17.77M	-5.86M	-99.63M	36.75M
Capital Expenditures	-40.13M	-39.11M	-35.42M	-55.34M	-35.72M
Investing & Financing
Investing Cash Flow	-19.73M	-37.19M	-34.91M	19.52M	-25.02M
Financing Cash Flow	36.44M	-19.93M	2.15M	21.37M	-46.53M
Dividends Paid	-0.63M	-0.58M	-2.93M	-0.50M	-19.84M
Operating Activities
Operating Cash Flow	-14.84M	56.88M	29.56M	-44.30M	72.47M
Net Income	-7.99M	-41.45M	-51.59M	-54.40M	-52.99M
Change in Accounts Payable	-36.39M	72.82M	61.89M	-28.43M	62.59M
Change in Accounts Receivable	-30.29M	-27.76M	-24.52M	-6.51M	37.92M
Change in Inventory	15.90M	-5.78M	-12.02M	-4.14M	-7.84M
Change in Working Capital	-50.77M	39.27M	25.35M	-39.07M	92.67M
Other Operating Activities	-9.56M	4.99M	-1.39M	-10.56M	-4.04M
Provision & Write-off of Bad Debts	-0.02M	-1.09M	-0.12M	1.11M	-0.22M
Depreciation & Amortization	57.37M	58.19M	60.26M	55.08M	44.95M
Cash Interest Paid	8.32M	6.72M	4.53M	2.64M	2.23M
Asset Writedown & Restructuring Costs	—	-0.69M	-0.82M	—	-1.93M
Investing Activities
Investing Cash Flow	-19.73M	-37.19M	-34.91M	19.52M	-25.02M
Capital Expenditures	-40.13M	-39.11M	-35.42M	-55.34M	-35.72M
Investment in Securities	19.33M	0.32M	-0.06M	65.96M	7.39M
Other Investing Activities	1.06M	1.60M	0.57M	2.66M	3.31M
Sale (Purchase) of Real Estate	—	—	—	6.24M	—
Loss (Gain) From Sale of Assets	—	—	—	-37.06K	—
Loss (Gain) on Sale of Investments	-3.86M	-2.33M	-2.13M	3.59M	-5.97M
Financing Activities
Financing Cash Flow	36.44M	-19.93M	2.15M	21.37M	-46.53M
Common Dividends Paid	-0.63M	-0.58M	-2.93M	-0.50M	-19.84M
Short-Term Debt Issued	37.94M	—	156.74M	174.65M	140.70M
Total Debt Issued	37.94M	—	156.74M	174.65M	140.70M
Long-Term Debt Repaid	-864.99K	-556.00K	—	—	-188.98K
Short-Term Debt Repaid	—	-18.80M	-151.66M	-152.78M	-167.21M
Total Debt Repaid	-0.86M	-19.35M	-151.66M	-152.78M	-167.39M
Net Debt Issued (Repaid)	37.07M	-19.35M	5.08M	21.87M	-26.69M
Free Cash Flow & Returns
Free Cash Flow	-54.97M	17.77M	-5.86M	-99.63M	36.75M
Free Cash Flow Margin	-9.7%	+3.6%	-1.3%	-28.6%	+10.8%
Free Cash Flow Per Share	-0.13	0.04	-0.01	-0.24	0.09
Levered Free Cash Flow	-130.37M	36.11M	14.42M	-82.15M	55.37M
Unlevered Free Cash Flow	-127.73M	42.43M	14.42M	-80.50M	56.77M
Operating Cash Flow Growth	—	+92.4%	—	—	+689.9%
Net Cash Flow	1.87M	-0.23M	-3.19M	-3.41M	0.91M