RAK Ceramics

RAK Ceramics PJSC

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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	501.62M	576.32M	506.52M	509.12M	544.72M
Free Cash Flow	227.86M	393.02M	233.12M	303.34M	454.09M
Capital Expenditures	-273.76M	-183.30M	-273.41M	-205.78M	-90.63M
Investing & Financing
Investing Cash Flow	-253.73M	-94.23M	-183.23M	-376.75M	-66.45M
Financing Cash Flow	-239.35M	-473.69M	-435.02M	-183.82M	-550.27M
Dividends Paid	-198.74M	-198.74M	-198.74M	-198.74M	-173.90M
Operating Activities
Operating Cash Flow	501.62M	576.32M	506.52M	509.12M	544.72M
Net Income	243.72M	221.09M	290.95M	302.82M	246.47M
Change in Accounts Payable	33.17M	19.36M	-85.92M	40.36M	71.07M
Change in Accounts Receivable	-41.81M	29.31M	-42.25M	-40.53M	-17.50M
Change in Inventory	-165.29M	-75.12M	-26.10M	-98.25M	-49.30M
Change in Other Net Operating Assets	18.49M	-6.44M	-13.16M	17.91M	2.40M
Change in Unearned Revenue	—	4.51M	—	—	—
Change in Working Capital	-155.44M	-28.38M	-167.42M	-80.51M	6.68M
Other Operating Activities	196.08M	159.99M	152.46M	128.62M	159.91M
Provision & Write-off of Bad Debts	10.17M	18.64M	36.73M	25.52M	30.85M
Depreciation & Amortization	219.72M	207.79M	195.01M	178.53M	167.08M
Cash Interest Paid	89.97M	106.60M	105.76M	71.70M	57.19M
Cash Income Tax Paid	51.33M	35.93M	16.54M	28.95M	16.33M
Loss (Gain) on Equity Investments	-0.64M	0.20M	-1.27M	-6.29M	-16.59M
Asset Writedown & Restructuring Costs	—	—	—	3.90M	-0.56M
Investing Activities
Investing Cash Flow	-253.73M	-94.23M	-183.23M	-376.75M	-66.45M
Capital Expenditures	-273.76M	-183.30M	-273.41M	-205.78M	-90.63M
Cash Acquisitions	-4.31M	—	—	-337.82M	—
Investment in Securities	-3.88M	51.89M	75.94M	85.02M	-58.67M
Other Investing Activities	3.71M	4.67M	6.97M	7.66M	12.60M
Sale (Purchase) of Intangibles	-2.21M	-1.20M	-2.08M	-0.49M	-0.77M
Sale (Purchase) of Real Estate	12.77M	-3.75M	-2.13M	-0.17M	-0.53M
Sale of Property, Plant & Equipment	13.94M	37.47M	11.48M	74.84M	71.56M
Loss (Gain) From Sale of Assets	-12.00M	-3.01M	0.06M	-43.47M	-49.11M
Financing Activities
Financing Cash Flow	-239.35M	-473.69M	-435.02M	-183.82M	-550.27M
Common Dividends Paid	-198.74M	-198.74M	-198.74M	-198.74M	-173.90M
Long-Term Debt Issued	277.63M	389.63M	284.77M	595.74M	386.62M
Short-Term Debt Issued	1.48B	1.45B	1.12B	1.23B	0.97B
Total Debt Issued	1.75B	1.83B	1.41B	1.82B	1.36B
Long-Term Debt Repaid	-359.86M	-498.46M	-383.98M	-425.06M	-462.29M
Short-Term Debt Repaid	-1.33B	-1.44B	-1.13B	-1.28B	-1.20B
Total Debt Repaid	-1.69B	-1.94B	-1.51B	-1.71B	-1.66B
Net Debt Issued (Repaid)	61.49M	-106.01M	-103.65M	114.25M	-301.84M
Other Financing Activities	-102.10M	-168.94M	-132.64M	-99.33M	-74.53M
Free Cash Flow & Returns
Free Cash Flow	227.86M	393.02M	233.12M	303.34M	454.09M
Free Cash Flow Growth	-42.0%	+68.6%	-23.2%	-33.2%	+7.9%
Free Cash Flow Margin	+6.9%	+12.2%	+6.7%	+8.6%	+15.9%
Free Cash Flow Per Share	0.23	0.40	0.24	0.31	0.46
Levered Free Cash Flow	198.05M	209.17M	55.31M	64.01M	286.06M
Unlevered Free Cash Flow	259.83M	280.97M	126.10M	112.81M	324.81M
Operating Cash Flow Growth	-13.0%	+13.8%	-0.5%	-6.5%	+4.1%
Net Cash Flow	3.76M	16.79M	-111.73M	-51.45M	-72.00M
Foreign Exchange Rate Adjustments	-4.78M	8.39M	—	—	—

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	501.62M	576.32M	506.52M	509.12M	544.72M
Free Cash Flow	227.86M	393.02M	233.12M	303.34M	454.09M
Capital Expenditures	-273.76M	-183.30M	-273.41M	-205.78M	-90.63M
Investing & Financing
Investing Cash Flow	-253.73M	-94.23M	-183.23M	-376.75M	-66.45M
Financing Cash Flow	-239.35M	-473.69M	-435.02M	-183.82M	-550.27M
Dividends Paid	-198.74M	-198.74M	-198.74M	-198.74M	-173.90M
Operating Activities
Operating Cash Flow	501.62M	576.32M	506.52M	509.12M	544.72M
Net Income	243.72M	221.09M	290.95M	302.82M	246.47M
Change in Accounts Payable	33.17M	19.36M	-85.92M	40.36M	71.07M
Change in Accounts Receivable	-41.81M	29.31M	-42.25M	-40.53M	-17.50M
Change in Inventory	-165.29M	-75.12M	-26.10M	-98.25M	-49.30M
Change in Other Net Operating Assets	18.49M	-6.44M	-13.16M	17.91M	2.40M
Change in Unearned Revenue	—	4.51M	—	—	—
Change in Working Capital	-155.44M	-28.38M	-167.42M	-80.51M	6.68M
Other Operating Activities	196.08M	159.99M	152.46M	128.62M	159.91M
Provision & Write-off of Bad Debts	10.17M	18.64M	36.73M	25.52M	30.85M
Depreciation & Amortization	219.72M	207.79M	195.01M	178.53M	167.08M
Cash Interest Paid	89.97M	106.60M	105.76M	71.70M	57.19M
Cash Income Tax Paid	51.33M	35.93M	16.54M	28.95M	16.33M
Loss (Gain) on Equity Investments	-0.64M	0.20M	-1.27M	-6.29M	-16.59M
Asset Writedown & Restructuring Costs	—	—	—	3.90M	-0.56M
Investing Activities
Investing Cash Flow	-253.73M	-94.23M	-183.23M	-376.75M	-66.45M
Capital Expenditures	-273.76M	-183.30M	-273.41M	-205.78M	-90.63M
Cash Acquisitions	-4.31M	—	—	-337.82M	—
Investment in Securities	-3.88M	51.89M	75.94M	85.02M	-58.67M
Other Investing Activities	3.71M	4.67M	6.97M	7.66M	12.60M
Sale (Purchase) of Intangibles	-2.21M	-1.20M	-2.08M	-0.49M	-0.77M
Sale (Purchase) of Real Estate	12.77M	-3.75M	-2.13M	-0.17M	-0.53M
Sale of Property, Plant & Equipment	13.94M	37.47M	11.48M	74.84M	71.56M
Loss (Gain) From Sale of Assets	-12.00M	-3.01M	0.06M	-43.47M	-49.11M
Financing Activities
Financing Cash Flow	-239.35M	-473.69M	-435.02M	-183.82M	-550.27M
Common Dividends Paid	-198.74M	-198.74M	-198.74M	-198.74M	-173.90M
Long-Term Debt Issued	277.63M	389.63M	284.77M	595.74M	386.62M
Short-Term Debt Issued	1.48B	1.45B	1.12B	1.23B	0.97B
Total Debt Issued	1.75B	1.83B	1.41B	1.82B	1.36B
Long-Term Debt Repaid	-359.86M	-498.46M	-383.98M	-425.06M	-462.29M
Short-Term Debt Repaid	-1.33B	-1.44B	-1.13B	-1.28B	-1.20B
Total Debt Repaid	-1.69B	-1.94B	-1.51B	-1.71B	-1.66B
Net Debt Issued (Repaid)	61.49M	-106.01M	-103.65M	114.25M	-301.84M
Other Financing Activities	-102.10M	-168.94M	-132.64M	-99.33M	-74.53M
Free Cash Flow & Returns
Free Cash Flow	227.86M	393.02M	233.12M	303.34M	454.09M
Free Cash Flow Growth	-42.0%	+68.6%	-23.2%	-33.2%	+7.9%
Free Cash Flow Margin	+6.9%	+12.2%	+6.7%	+8.6%	+15.9%
Free Cash Flow Per Share	0.23	0.40	0.24	0.31	0.46
Levered Free Cash Flow	198.05M	209.17M	55.31M	64.01M	286.06M
Unlevered Free Cash Flow	259.83M	280.97M	126.10M	112.81M	324.81M
Operating Cash Flow Growth	-13.0%	+13.8%	-0.5%	-6.5%	+4.1%
Net Cash Flow	3.76M	16.79M	-111.73M	-51.45M	-72.00M
Foreign Exchange Rate Adjustments	-4.78M	8.39M	—	—	—