Lulu Retail Holdings PLC

LULUStocksAbu Dhabi Securities ExchangeConsumer Discretionary

Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

USD AED

Annual (USD)

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Operations
Operating Cash Flow	596.36M	358.13M	139.38M	202.94M	462.51M
Free Cash Flow	457.86M	216.42M	-15.72M	40.13M	238.18M
Capital Expenditures	-138.50M	-141.71M	-155.10M	-162.81M	-224.33M
Investing & Financing
Investing Cash Flow	-130.24M	-136.75M	-155.00M	-162.50M	-205.15M
Financing Cash Flow	-484.09M	-151.39M	-145.75M	78.01M	-247.87M
Dividends Paid	-182.81M	—	—	-30.50M	-37.09M
Operating Activities
Operating Cash Flow	596.36M	358.13M	139.38M	202.94M	462.51M
Net Income	204.53M	249.20M	221.77M	14.05M	7.55M
Change in Accounts Payable	-58.08M	-89.48M	22.45M	94.86M	57.99M
Change in Accounts Receivable	12.54M	-49.75M	-81.59M	-113.62M	-57.78M
Change in Inventory	-17.48M	-99.03M	20.57M	-98.81M	-10.35M
Change in Other Net Operating Assets	76.84M	-23.96M	-304.92M	-133.93M	57.04M
Change in Working Capital	13.82M	-262.21M	-343.49M	-251.50M	46.91M
Other Operating Activities	-9.70M	-49.20M	-209.08M	25.01M	5.84M
Provision & Write-off of Bad Debts	54.00K	—	448.00K	—	—
Depreciation & Amortization	387.95M	378.77M	415.84M	404.59M	387.92M
Cash Interest Paid	149.42M	159.84M	271.57M	251.58M	194.61M
Cash Income Tax Paid	29.12M	14.47M	19.97M	19.47M	15.82M
Asset Writedown & Restructuring Costs	—	3.56M	17.85M	—	0.01M
Investing Activities
Investing Cash Flow	-130.24M	-136.75M	-155.00M	-162.50M	-205.15M
Capital Expenditures	-138.50M	-141.71M	-155.10M	-162.81M	-224.33M
Other Investing Activities	3.90M	—	—	—	—
Sale (Purchase) of Real Estate	-0.02M	-0.03M	-1.14M	-0.50M	7.40M
Sale of Property, Plant & Equipment	4.38M	4.99M	1.23M	0.81M	11.78M
Loss (Gain) From Sale of Assets	-0.29M	-0.17M	-18.10M	-1.87M	-3.20M
Financing Activities
Financing Cash Flow	-484.09M	-151.39M	-145.75M	78.01M	-247.87M
Common Dividends Paid	-182.81M	—	—	-30.50M	-37.09M
Long-Term Debt Issued	2.34B	2.33B	3.26B	—	—
Short-Term Debt Issued	—	—	1.02B	0.51B	0.51B
Total Debt Issued	2.34B	2.33B	4.27B	0.51B	0.51B
Long-Term Debt Repaid	-2.64B	-2.14B	-4.28B	-0.40B	-0.72B
Short-Term Debt Repaid	—	-343.95M	-135.80M	—	—
Total Debt Repaid	-2.64B	-2.48B	-4.42B	-0.40B	-0.72B
Net Debt Issued (Repaid)	-301.28M	-151.39M	-145.75M	108.51M	-210.79M
Free Cash Flow & Returns
Free Cash Flow	457.86M	216.42M	-15.72M	40.13M	238.18M
Free Cash Flow Growth	+111.6%	—	—	-83.2%	—
Free Cash Flow Margin	+5.8%	+2.8%	-0.2%	+0.6%	+3.8%
Free Cash Flow Per Share	0.04	0.02	-0.00	0.00	0.02
Levered Free Cash Flow	0.41B	0.32B	1.32B	0.43B	—
Unlevered Free Cash Flow	0.51B	0.42B	1.48B	0.57B	—
Operating Cash Flow Growth	+66.5%	+156.9%	-31.3%	-56.1%	—
Net Cash Flow	-16.67M	67.34M	-162.53M	114.82M	7.07M
Foreign Exchange Rate Adjustments	1.30M	-2.65M	-1.16M	-3.63M	-2.42M

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

USD AED

Annual (USD)

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Operations
Operating Cash Flow	596.36M	358.13M	139.38M	202.94M	462.51M
Free Cash Flow	457.86M	216.42M	-15.72M	40.13M	238.18M
Capital Expenditures	-138.50M	-141.71M	-155.10M	-162.81M	-224.33M
Investing & Financing
Investing Cash Flow	-130.24M	-136.75M	-155.00M	-162.50M	-205.15M
Financing Cash Flow	-484.09M	-151.39M	-145.75M	78.01M	-247.87M
Dividends Paid	-182.81M	—	—	-30.50M	-37.09M
Operating Activities
Operating Cash Flow	596.36M	358.13M	139.38M	202.94M	462.51M
Net Income	204.53M	249.20M	221.77M	14.05M	7.55M
Change in Accounts Payable	-58.08M	-89.48M	22.45M	94.86M	57.99M
Change in Accounts Receivable	12.54M	-49.75M	-81.59M	-113.62M	-57.78M
Change in Inventory	-17.48M	-99.03M	20.57M	-98.81M	-10.35M
Change in Other Net Operating Assets	76.84M	-23.96M	-304.92M	-133.93M	57.04M
Change in Working Capital	13.82M	-262.21M	-343.49M	-251.50M	46.91M
Other Operating Activities	-9.70M	-49.20M	-209.08M	25.01M	5.84M
Provision & Write-off of Bad Debts	54.00K	—	448.00K	—	—
Depreciation & Amortization	387.95M	378.77M	415.84M	404.59M	387.92M
Cash Interest Paid	149.42M	159.84M	271.57M	251.58M	194.61M
Cash Income Tax Paid	29.12M	14.47M	19.97M	19.47M	15.82M
Asset Writedown & Restructuring Costs	—	3.56M	17.85M	—	0.01M
Investing Activities
Investing Cash Flow	-130.24M	-136.75M	-155.00M	-162.50M	-205.15M
Capital Expenditures	-138.50M	-141.71M	-155.10M	-162.81M	-224.33M
Other Investing Activities	3.90M	—	—	—	—
Sale (Purchase) of Real Estate	-0.02M	-0.03M	-1.14M	-0.50M	7.40M
Sale of Property, Plant & Equipment	4.38M	4.99M	1.23M	0.81M	11.78M
Loss (Gain) From Sale of Assets	-0.29M	-0.17M	-18.10M	-1.87M	-3.20M
Financing Activities
Financing Cash Flow	-484.09M	-151.39M	-145.75M	78.01M	-247.87M
Common Dividends Paid	-182.81M	—	—	-30.50M	-37.09M
Long-Term Debt Issued	2.34B	2.33B	3.26B	—	—
Short-Term Debt Issued	—	—	1.02B	0.51B	0.51B
Total Debt Issued	2.34B	2.33B	4.27B	0.51B	0.51B
Long-Term Debt Repaid	-2.64B	-2.14B	-4.28B	-0.40B	-0.72B
Short-Term Debt Repaid	—	-343.95M	-135.80M	—	—
Total Debt Repaid	-2.64B	-2.48B	-4.42B	-0.40B	-0.72B
Net Debt Issued (Repaid)	-301.28M	-151.39M	-145.75M	108.51M	-210.79M
Free Cash Flow & Returns
Free Cash Flow	457.86M	216.42M	-15.72M	40.13M	238.18M
Free Cash Flow Growth	+111.6%	—	—	-83.2%	—
Free Cash Flow Margin	+5.8%	+2.8%	-0.2%	+0.6%	+3.8%
Free Cash Flow Per Share	0.04	0.02	-0.00	0.00	0.02
Levered Free Cash Flow	0.41B	0.32B	1.32B	0.43B	—
Unlevered Free Cash Flow	0.51B	0.42B	1.48B	0.57B	—
Operating Cash Flow Growth	+66.5%	+156.9%	-31.3%	-56.1%	—
Net Cash Flow	-16.67M	67.34M	-162.53M	114.82M	7.07M
Foreign Exchange Rate Adjustments	1.30M	-2.65M	-1.16M	-3.63M	-2.42M