ALEC HOLDINGS

ALEC Holdings PJSC

ALECStocksDubai Financial MarketConsumer Discretionary

Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (AED)

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022
Operations
Operating Cash Flow	1.36B	1.08B	0.22B	0.31B
Free Cash Flow	971.88M	730.34M	4.39M	233.40M
Capital Expenditures	-386.69M	-349.55M	-219.20M	-74.23M
Investing & Financing
Investing Cash Flow	-377.34M	-330.98M	-220.03M	-424.21M
Financing Cash Flow	-608.72M	-446.39M	-83.63M	313.57M
Dividends Paid	-265.00M	-242.54M	-100.00M	-85.00M
Operating Activities
Operating Cash Flow	1.36B	1.08B	0.22B	0.31B
Net Income	686.20M	362.42M	236.25M	184.54M
Change in Accounts Payable	2.46B	0.97B	1.59B	-0.08B
Change in Accounts Receivable	-2.23B	-0.63B	-1.85B	0.15B
Change in Inventory	-8.88M	3.06M	-5.61M	-8.23M
Change in Other Net Operating Assets	61.09M	-62.74M	22.15M	-4.84M
Change in Unearned Revenue	-46.26M	133.76M	—	—
Change in Working Capital	231.17M	414.31M	-238.07M	59.49M
Other Operating Activities	154.84M	125.99M	107.15M	9.91M
Depreciation & Amortization	262.07M	156.97M	107.95M	54.16M
Other Amortization	4.18M	2.02M	0.21M	0.58M
Cash Interest Paid	76.04M	76.99M	81.71M	15.00M
Cash Income Tax Paid	23.90M	5.33M	1.07M	15.82M
Loss (Gain) on Equity Investments	1.82M	0.03M	0.18M	2.54M
Investing Activities
Investing Cash Flow	-377.34M	-330.98M	-220.03M	-424.21M
Capital Expenditures	-386.69M	-349.55M	-219.20M	-74.23M
Cash Acquisitions	-10.00M	—	-11.50M	-352.64M
Other Investing Activities	21.91M	16.14M	—	—
Sale (Purchase) of Intangibles	-6.04M	-0.07M	—	-1.19M
Sale of Property, Plant & Equipment	3.49M	2.51M	10.67M	3.84M
Loss (Gain) From Sale of Assets	-2.46M	-2.71M	-2.66M	-2.34M
Loss (Gain) on Sale of Investments	20.76M	20.87M	12.58M	-1.24M
Financing Activities
Financing Cash Flow	-608.72M	-446.39M	-83.63M	313.57M
Common Dividends Paid	-265.00M	-242.54M	-100.00M	-85.00M
Long-Term Debt Issued	2.32B	2.07B	1.23B	0.51B
Long-Term Debt Repaid	-2.59B	-2.19B	-1.14B	-0.10B
Short-Term Debt Repaid	—	—	—	-440.00K
Total Debt Repaid	-2.59B	-2.19B	-1.14B	-0.10B
Net Debt Issued (Repaid)	-267.68M	-126.37M	98.07M	413.57M
Other Financing Activities	-76.04M	-77.49M	-81.71M	-15.00M
Free Cash Flow & Returns
Free Cash Flow	971.88M	730.34M	4.39M	233.40M
Free Cash Flow Growth	+33.1%	+16,526.5%	-98.1%	—
Free Cash Flow Margin	+7.7%	+9.0%	+0.1%	+6.5%
Free Cash Flow Per Share	0.19	0.15	0.00	0.05
Levered Free Cash Flow	-8.46M	492.95M	-395.69M	—
Unlevered Free Cash Flow	39.07M	541.07M	-344.62M	—
Operating Cash Flow Growth	+25.8%	+383.0%	-27.3%	—
Net Cash Flow	372.73M	302.83M	-75.79M	196.35M
Foreign Exchange Rate Adjustments	0.21M	0.31M	4.29M	-0.64M

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (AED)

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022
Operations
Operating Cash Flow	1.36B	1.08B	0.22B	0.31B
Free Cash Flow	971.88M	730.34M	4.39M	233.40M
Capital Expenditures	-386.69M	-349.55M	-219.20M	-74.23M
Investing & Financing
Investing Cash Flow	-377.34M	-330.98M	-220.03M	-424.21M
Financing Cash Flow	-608.72M	-446.39M	-83.63M	313.57M
Dividends Paid	-265.00M	-242.54M	-100.00M	-85.00M
Operating Activities
Operating Cash Flow	1.36B	1.08B	0.22B	0.31B
Net Income	686.20M	362.42M	236.25M	184.54M
Change in Accounts Payable	2.46B	0.97B	1.59B	-0.08B
Change in Accounts Receivable	-2.23B	-0.63B	-1.85B	0.15B
Change in Inventory	-8.88M	3.06M	-5.61M	-8.23M
Change in Other Net Operating Assets	61.09M	-62.74M	22.15M	-4.84M
Change in Unearned Revenue	-46.26M	133.76M	—	—
Change in Working Capital	231.17M	414.31M	-238.07M	59.49M
Other Operating Activities	154.84M	125.99M	107.15M	9.91M
Depreciation & Amortization	262.07M	156.97M	107.95M	54.16M
Other Amortization	4.18M	2.02M	0.21M	0.58M
Cash Interest Paid	76.04M	76.99M	81.71M	15.00M
Cash Income Tax Paid	23.90M	5.33M	1.07M	15.82M
Loss (Gain) on Equity Investments	1.82M	0.03M	0.18M	2.54M
Investing Activities
Investing Cash Flow	-377.34M	-330.98M	-220.03M	-424.21M
Capital Expenditures	-386.69M	-349.55M	-219.20M	-74.23M
Cash Acquisitions	-10.00M	—	-11.50M	-352.64M
Other Investing Activities	21.91M	16.14M	—	—
Sale (Purchase) of Intangibles	-6.04M	-0.07M	—	-1.19M
Sale of Property, Plant & Equipment	3.49M	2.51M	10.67M	3.84M
Loss (Gain) From Sale of Assets	-2.46M	-2.71M	-2.66M	-2.34M
Loss (Gain) on Sale of Investments	20.76M	20.87M	12.58M	-1.24M
Financing Activities
Financing Cash Flow	-608.72M	-446.39M	-83.63M	313.57M
Common Dividends Paid	-265.00M	-242.54M	-100.00M	-85.00M
Long-Term Debt Issued	2.32B	2.07B	1.23B	0.51B
Long-Term Debt Repaid	-2.59B	-2.19B	-1.14B	-0.10B
Short-Term Debt Repaid	—	—	—	-440.00K
Total Debt Repaid	-2.59B	-2.19B	-1.14B	-0.10B
Net Debt Issued (Repaid)	-267.68M	-126.37M	98.07M	413.57M
Other Financing Activities	-76.04M	-77.49M	-81.71M	-15.00M
Free Cash Flow & Returns
Free Cash Flow	971.88M	730.34M	4.39M	233.40M
Free Cash Flow Growth	+33.1%	+16,526.5%	-98.1%	—
Free Cash Flow Margin	+7.7%	+9.0%	+0.1%	+6.5%
Free Cash Flow Per Share	0.19	0.15	0.00	0.05
Levered Free Cash Flow	-8.46M	492.95M	-395.69M	—
Unlevered Free Cash Flow	39.07M	541.07M	-344.62M	—
Operating Cash Flow Growth	+25.8%	+383.0%	-27.3%	—
Net Cash Flow	372.73M	302.83M	-75.79M	196.35M
Foreign Exchange Rate Adjustments	0.21M	0.31M	4.29M	-0.64M