Abu Dhabi National Energy

Abu Dhabi National Energy Company

TAQAStocksAbu Dhabi Securities ExchangeUtilities

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	19.07B	18.23B	20.12B	21.88B	20.29B
Free Cash Flow	7.19B	9.81B	15.03B	17.87B	16.44B
Capital Expenditures	-11.88B	-8.42B	-5.09B	-4.01B	-3.85B
Investing & Financing
Investing Cash Flow	-12.46B	-16.13B	-6.19B	-8.04B	-2.48B
Financing Cash Flow	-8.33B	-7.55B	-10.20B	-12.33B	-17.51B
Dividends Paid	-4.89B	-4.61B	-3.54B	-3.26B	-2.98B
Operating Activities
Operating Cash Flow	19.07B	18.23B	20.12B	21.88B	20.29B
Net Income	7.47B	7.07B	16.65B	8.03B	5.96B
Change in Accounts Payable	-607.00M	-368.00M	453.00M	666.00M	579.00M
Change in Accounts Receivable	-0.25B	1.47B	0.88B	-0.61B	-0.03B
Change in Inventory	39.00M	507.00M	233.00M	266.00M	-234.00M
Change in Other Net Operating Assets	1.99B	-1.67B	0.32B	2.11B	0.67B
Change in Working Capital	1.17B	-0.06B	1.88B	2.43B	0.98B
Other Operating Activities	0.61B	1.40B	3.29B	1.36B	2.52B
Depreciation & Amortization	9.31B	9.55B	9.21B	9.47B	11.11B
Depamor CF Utility	9.31B	9.55B	9.21B	9.47B	11.11B
Cash Interest Paid	3.04B	2.71B	2.93B	2.96B	3.36B
Cash Income Tax Paid	0.99B	1.00B	1.57B	1.92B	0.27B
Miscellaneous Cash Flow Adjustments	—	—	23.00M	57.00M	-187.00M
Net Cash from Discontinued Operations	57.00M	232.00M	60.00M	851.00M	292.00M
Loss (Gain) on Equity Investments	-319.00M	-384.00M	-191.00M	-321.00M	-313.00M
Asset Writedown	983.00M	—	—	179.00M	—
Investing Activities
Investing Cash Flow	-12.46B	-16.13B	-6.19B	-8.04B	-2.48B
Capital Expenditures	-11.88B	-8.42B	-5.09B	-4.01B	-3.85B
Capital Expenditures	-11.88B	-8.42B	-5.09B	-4.01B	-3.85B
Cash Acquisitions	-1.16B	-0.92B	-0.20B	—	—
Investment in Securities	0.41B	0.31B	0.31B	-3.39B	1.07B
Other Investing Activities	1.09B	0.96B	-1.07B	-0.82B	0.22B
Sale (Purchase) of Intangibles	-59.00M	-24.00M	-139.00M	-19.00M	-2.00M
Sale of Property, Plant & Equipment	518.00M	—	—	197.00M	86.00M
Loss (Gain) on Sale of Assets	-191.00M	3.00M	—	-128.00M	-256.00M
Loss (Gain) on Sale of Investments	—	—	-10.78B	—	—
Financing Activities
Financing Cash Flow	-8.33B	-7.55B	-10.20B	-12.33B	-17.51B
Common Dividends Paid	-4.89B	-4.61B	-3.54B	-3.26B	-2.98B
Long-Term Debt Issued	6.91B	10.16B	12.00B	6.89B	5.50B
Short-Term Debt Issued	171.00M	—	—	—	—
Total Debt Issued	7.08B	10.16B	12.00B	6.89B	5.50B
Long-Term Debt Repaid	-6.60B	-8.94B	-12.41B	-9.29B	-15.90B
Short-Term Debt Repaid	-28.00M	-385.00M	-54.00M	-190.00M	-78.00M
Total Debt Repaid	-6.63B	-9.32B	-12.47B	-9.48B	-15.98B
Net Debt Issued (Repaid)	0.45B	0.84B	-0.47B	-2.59B	-10.47B
Other Financing Activities	-3.89B	-3.79B	-3.83B	-4.24B	-4.06B
Free Cash Flow & Returns
Free Cash Flow	7.19B	9.81B	15.03B	17.87B	16.44B
Free Cash Flow Growth	-26.7%	-34.7%	-15.9%	+8.7%	+94.3%
Free Cash Flow Margin	+13.1%	+17.9%	+29.1%	+35.7%	+36.3%
Free Cash Flow Per Share	0.06	0.09	0.13	0.16	0.15
Levered Free Cash Flow	3.99B	7.22B	10.02B	14.70B	12.48B
Unlevered Free Cash Flow	5.63B	8.87B	11.82B	16.55B	14.40B
Operating Cash Flow Growth	+4.6%	-9.4%	-8.0%	+7.8%	+89.4%
Net Cash Flow	-1.72B	-5.50B	3.76B	1.70B	0.10B
Foreign Exchange Rate Adjustments	1.00M	-41.00M	8.00M	132.00M	-20.00M

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	19.07B	18.23B	20.12B	21.88B	20.29B
Free Cash Flow	7.19B	9.81B	15.03B	17.87B	16.44B
Capital Expenditures	-11.88B	-8.42B	-5.09B	-4.01B	-3.85B
Investing & Financing
Investing Cash Flow	-12.46B	-16.13B	-6.19B	-8.04B	-2.48B
Financing Cash Flow	-8.33B	-7.55B	-10.20B	-12.33B	-17.51B
Dividends Paid	-4.89B	-4.61B	-3.54B	-3.26B	-2.98B
Operating Activities
Operating Cash Flow	19.07B	18.23B	20.12B	21.88B	20.29B
Net Income	7.47B	7.07B	16.65B	8.03B	5.96B
Change in Accounts Payable	-607.00M	-368.00M	453.00M	666.00M	579.00M
Change in Accounts Receivable	-0.25B	1.47B	0.88B	-0.61B	-0.03B
Change in Inventory	39.00M	507.00M	233.00M	266.00M	-234.00M
Change in Other Net Operating Assets	1.99B	-1.67B	0.32B	2.11B	0.67B
Change in Working Capital	1.17B	-0.06B	1.88B	2.43B	0.98B
Other Operating Activities	0.61B	1.40B	3.29B	1.36B	2.52B
Depreciation & Amortization	9.31B	9.55B	9.21B	9.47B	11.11B
Depamor CF Utility	9.31B	9.55B	9.21B	9.47B	11.11B
Cash Interest Paid	3.04B	2.71B	2.93B	2.96B	3.36B
Cash Income Tax Paid	0.99B	1.00B	1.57B	1.92B	0.27B
Miscellaneous Cash Flow Adjustments	—	—	23.00M	57.00M	-187.00M
Net Cash from Discontinued Operations	57.00M	232.00M	60.00M	851.00M	292.00M
Loss (Gain) on Equity Investments	-319.00M	-384.00M	-191.00M	-321.00M	-313.00M
Asset Writedown	983.00M	—	—	179.00M	—
Investing Activities
Investing Cash Flow	-12.46B	-16.13B	-6.19B	-8.04B	-2.48B
Capital Expenditures	-11.88B	-8.42B	-5.09B	-4.01B	-3.85B
Capital Expenditures	-11.88B	-8.42B	-5.09B	-4.01B	-3.85B
Cash Acquisitions	-1.16B	-0.92B	-0.20B	—	—
Investment in Securities	0.41B	0.31B	0.31B	-3.39B	1.07B
Other Investing Activities	1.09B	0.96B	-1.07B	-0.82B	0.22B
Sale (Purchase) of Intangibles	-59.00M	-24.00M	-139.00M	-19.00M	-2.00M
Sale of Property, Plant & Equipment	518.00M	—	—	197.00M	86.00M
Loss (Gain) on Sale of Assets	-191.00M	3.00M	—	-128.00M	-256.00M
Loss (Gain) on Sale of Investments	—	—	-10.78B	—	—
Financing Activities
Financing Cash Flow	-8.33B	-7.55B	-10.20B	-12.33B	-17.51B
Common Dividends Paid	-4.89B	-4.61B	-3.54B	-3.26B	-2.98B
Long-Term Debt Issued	6.91B	10.16B	12.00B	6.89B	5.50B
Short-Term Debt Issued	171.00M	—	—	—	—
Total Debt Issued	7.08B	10.16B	12.00B	6.89B	5.50B
Long-Term Debt Repaid	-6.60B	-8.94B	-12.41B	-9.29B	-15.90B
Short-Term Debt Repaid	-28.00M	-385.00M	-54.00M	-190.00M	-78.00M
Total Debt Repaid	-6.63B	-9.32B	-12.47B	-9.48B	-15.98B
Net Debt Issued (Repaid)	0.45B	0.84B	-0.47B	-2.59B	-10.47B
Other Financing Activities	-3.89B	-3.79B	-3.83B	-4.24B	-4.06B
Free Cash Flow & Returns
Free Cash Flow	7.19B	9.81B	15.03B	17.87B	16.44B
Free Cash Flow Growth	-26.7%	-34.7%	-15.9%	+8.7%	+94.3%
Free Cash Flow Margin	+13.1%	+17.9%	+29.1%	+35.7%	+36.3%
Free Cash Flow Per Share	0.06	0.09	0.13	0.16	0.15
Levered Free Cash Flow	3.99B	7.22B	10.02B	14.70B	12.48B
Unlevered Free Cash Flow	5.63B	8.87B	11.82B	16.55B	14.40B
Operating Cash Flow Growth	+4.6%	-9.4%	-8.0%	+7.8%	+89.4%
Net Cash Flow	-1.72B	-5.50B	3.76B	1.70B	0.10B
Foreign Exchange Rate Adjustments	1.00M	-41.00M	8.00M	132.00M	-20.00M