National Corporation for Tourism & Hotels

NCTHStocksAbu Dhabi Securities ExchangeConsumer Discretionary

Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual (AED)

	2025Dec 31, 2025	2024Dec 31, 2024
Operations
Operating Cash Flow	467.09M	226.68M
Free Cash Flow	191.24M	-91.93M
Capital Expenditures	-275.85M	-318.61M
Investing & Financing
Investing Cash Flow	-0.89M	-280.08M
Financing Cash Flow	-190.08M	67.81M
Operating Activities
Operating Cash Flow	467.09M	226.68M
Net Income	400.97M	156.96M
Change in Accounts Payable	-19.99M	50.49M
Change in Accounts Receivable	-119.27M	7.26M
Change in Inventory	-3.32M	-6.68M
Change in Other Net Operating Assets	76.57M	-89.09M
Change in Unearned Revenue	61.34M	3.90M
Change in Working Capital	-4.67M	-34.12M
Other Operating Activities	-54.52M	41.94M
Provision & Write-off of Bad Debts	1.33M	1.22M
Depreciation & Amortization	128.94M	67.52M
Other Amortization	666.00K	544.00K
Cash Interest Paid	45.24M	13.96M
Cash Income Tax Paid	28.77M	6.88M
Miscellaneous Cash Flow Adjustments	—	-9.83M
Loss (Gain) on Equity Investments	-4.12M	—
Investing Activities
Investing Cash Flow	-0.89M	-280.08M
Capital Expenditures	-275.85M	-318.61M
Cash Acquisitions	166.52M	—
Investment in Securities	85.70M	28.52M
Other Investing Activities	22.45M	10.30M
Sale (Purchase) of Intangibles	-135.00K	-558.00K
Sale of Property, Plant & Equipment	421.00K	267.00K
Loss (Gain) From Sale of Assets	-416.00K	-175.00K
Loss (Gain) on Sale of Investments	-1.11M	-7.21M
Financing Activities
Financing Cash Flow	-190.08M	67.81M
Long-Term Debt Issued	318.53M	121.19M
Long-Term Debt Repaid	-462.87M	-39.46M
Net Debt Issued (Repaid)	-144.34M	81.73M
Other Financing Activities	-45.74M	-13.93M
Free Cash Flow & Returns
Free Cash Flow	191.24M	-91.93M
Free Cash Flow Margin	+8.8%	-8.0%
Free Cash Flow Per Share	0.09	-0.07
Levered Free Cash Flow	54.59M	—
Unlevered Free Cash Flow	84.89M	—
Operating Cash Flow Growth	+106.1%	—
Net Cash Flow	276.12M	4.97M
Foreign Exchange Rate Adjustments	—	397.00K

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (AED)

	2025Dec 31, 2025	2024Dec 31, 2024
Operations
Operating Cash Flow	467.09M	226.68M
Free Cash Flow	191.24M	-91.93M
Capital Expenditures	-275.85M	-318.61M
Investing & Financing
Investing Cash Flow	-0.89M	-280.08M
Financing Cash Flow	-190.08M	67.81M
Operating Activities
Operating Cash Flow	467.09M	226.68M
Net Income	400.97M	156.96M
Change in Accounts Payable	-19.99M	50.49M
Change in Accounts Receivable	-119.27M	7.26M
Change in Inventory	-3.32M	-6.68M
Change in Other Net Operating Assets	76.57M	-89.09M
Change in Unearned Revenue	61.34M	3.90M
Change in Working Capital	-4.67M	-34.12M
Other Operating Activities	-54.52M	41.94M
Provision & Write-off of Bad Debts	1.33M	1.22M
Depreciation & Amortization	128.94M	67.52M
Other Amortization	666.00K	544.00K
Cash Interest Paid	45.24M	13.96M
Cash Income Tax Paid	28.77M	6.88M
Miscellaneous Cash Flow Adjustments	—	-9.83M
Loss (Gain) on Equity Investments	-4.12M	—
Investing Activities
Investing Cash Flow	-0.89M	-280.08M
Capital Expenditures	-275.85M	-318.61M
Cash Acquisitions	166.52M	—
Investment in Securities	85.70M	28.52M
Other Investing Activities	22.45M	10.30M
Sale (Purchase) of Intangibles	-135.00K	-558.00K
Sale of Property, Plant & Equipment	421.00K	267.00K
Loss (Gain) From Sale of Assets	-416.00K	-175.00K
Loss (Gain) on Sale of Investments	-1.11M	-7.21M
Financing Activities
Financing Cash Flow	-190.08M	67.81M
Long-Term Debt Issued	318.53M	121.19M
Long-Term Debt Repaid	-462.87M	-39.46M
Net Debt Issued (Repaid)	-144.34M	81.73M
Other Financing Activities	-45.74M	-13.93M
Free Cash Flow & Returns
Free Cash Flow	191.24M	-91.93M
Free Cash Flow Margin	+8.8%	-8.0%
Free Cash Flow Per Share	0.09	-0.07
Levered Free Cash Flow	54.59M	—
Unlevered Free Cash Flow	84.89M	—
Operating Cash Flow Growth	+106.1%	—
Net Cash Flow	276.12M	4.97M
Foreign Exchange Rate Adjustments	—	397.00K