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Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Quarterly (AED)

1-5

	Q4 2025Dec 31, 2025	Q3 2025Sep 30, 2025	Q2 2025Jun 30, 2025	Q1 2025Mar 31, 2025	Q4 2024Dec 31, 2024
Operations
Operating Cash Flow	132.60M	158.06M	90.27M	166.13M	194.83M
Free Cash Flow	99.35M	126.13M	56.45M	121.29M	149.78M
Capital Expenditures	-33.25M	-31.93M	-33.81M	-44.84M	-45.05M
Investing & Financing
Investing Cash Flow	-38.53M	-28.66M	-32.95M	-43.52M	-35.67M
Financing Cash Flow	-97.80M	-95.23M	-52.63M	-91.09M	-101.03M
Dividends Paid	—	—	—	—	—
Share Repurchase	—	—	—	—	—
Operating Activities
Operating Cash Flow	132.60M	158.06M	90.27M	166.13M	194.83M
Net Income	7.52M	5.21M	-9.27M	17.12M	65.67M
Change in Accounts Payable	13.88M	-9.65M	25.44M	15.20M	10.00M
Change in Accounts Receivable	-52.59M	-21.28M	74.34M	-23.36M	-38.37M
Change in Other Net Operating Assets	17.35M	38.95M	-105.52M	31.12M	73.29M
Change in Unearned Revenue	—	—	—	—	—
Change in Working Capital	-21.37M	8.02M	-5.74M	22.96M	44.91M
Other Operating Activities	32.60M	37.56M	9.80M	36.62M	19.68M
Depreciation & Amortization	101.82M	99.71M	88.67M	86.04M	86.78M
Stock-Based Compensation	—	5.55M	—	—	—
Cash Interest Paid	30.82M	33.33M	27.65M	28.55M	30.80M
Cash Income Tax Paid	1.96M	12.94M	12.15M	2.92M	9.15M
Loss (Gain) on Equity Investments	2.33M	1.61M	1.04M	-0.15M	-2.39M
Asset Writedown & Restructuring Costs	2.57M	—	—	—	—
Investing Activities
Investing Cash Flow	-38.53M	-28.66M	-32.95M	-43.52M	-35.67M
Capital Expenditures	-33.25M	-31.93M	-33.81M	-44.84M	-45.05M
Cash Acquisitions	-3.00M	—	—	—	-3.76M
Divestitures	—	—	—	—	—
Investment in Securities	-1.27M	—	—	—	1.56M
Other Investing Activities	2.05M	3.12M	-0.12M	0.84M	9.24M
Sale (Purchase) of Intangibles	—	—	—	—	0.00M
Sale (Purchase) of Real Estate	-4.81M	—	—	—	—
Sale of Property, Plant & Equipment	1.75M	0.15M	0.98M	0.48M	2.34M
Loss (Gain) From Sale of Assets	-0.33M	-0.92M	0.06M	-0.34M	-0.78M
Loss (Gain) on Sale of Investments	7.47M	1.31M	5.72M	3.87M	-19.08M
Financing Activities
Financing Cash Flow	-97.80M	-95.23M	-52.63M	-91.09M	-101.03M
Common Dividends Paid	—	—	—	—	—
Issuance of Common Stock	2.27M	—	—	8.14M	—
Repurchase of Common Stock	—	—	—	—	—
Long-Term Debt Issued	—	—	—	10.12M	—
Total Debt Issued	2.33M	0.37M	1.40M	10.12M	-2.50M
Long-Term Debt Repaid	—	—	—	-80.80M	—
Total Debt Repaid	-71.58M	-62.27M	-25.50M	-80.80M	-67.77M
Net Debt Issued (Repaid)	-69.25M	-61.90M	-24.10M	-70.69M	-70.27M
Other Financing Activities	-30.81M	-33.33M	-28.52M	-28.55M	-30.76M
Free Cash Flow & Returns
Free Cash Flow	99.35M	126.13M	56.45M	121.29M	149.78M
Free Cash Flow Growth	-33.7%	+18.8%	+4.9%	-32.9%	+87.1%
Free Cash Flow Margin	+5.8%	+7.9%	+3.8%	+7.8%	+8.8%
Free Cash Flow Per Share	0.07	0.09	0.04	0.08	0.10
Levered Free Cash Flow	83.33M	92.11M	35.75M	103.11M	110.82M
Unlevered Free Cash Flow	102.06M	112.86M	53.14M	120.38M	129.09M
Operating Cash Flow Growth	-31.9%	+22.4%	+8.3%	-20.0%	+74.1%
Net Cash Flow	-0.57M	35.09M	-3.26M	28.94M	67.04M
Foreign Exchange Rate Adjustments	3.15M	0.92M	-7.95M	-2.58M	8.91M

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Quarterly (AED)

1-5

	Q4 2025Dec 31, 2025	Q3 2025Sep 30, 2025	Q2 2025Jun 30, 2025	Q1 2025Mar 31, 2025	Q4 2024Dec 31, 2024
Operations
Operating Cash Flow	132.60M	158.06M	90.27M	166.13M	194.83M
Free Cash Flow	99.35M	126.13M	56.45M	121.29M	149.78M
Capital Expenditures	-33.25M	-31.93M	-33.81M	-44.84M	-45.05M
Investing & Financing
Investing Cash Flow	-38.53M	-28.66M	-32.95M	-43.52M	-35.67M
Financing Cash Flow	-97.80M	-95.23M	-52.63M	-91.09M	-101.03M
Dividends Paid	—	—	—	—	—
Share Repurchase	—	—	—	—	—
Operating Activities
Operating Cash Flow	132.60M	158.06M	90.27M	166.13M	194.83M
Net Income	7.52M	5.21M	-9.27M	17.12M	65.67M
Change in Accounts Payable	13.88M	-9.65M	25.44M	15.20M	10.00M
Change in Accounts Receivable	-52.59M	-21.28M	74.34M	-23.36M	-38.37M
Change in Other Net Operating Assets	17.35M	38.95M	-105.52M	31.12M	73.29M
Change in Unearned Revenue	—	—	—	—	—
Change in Working Capital	-21.37M	8.02M	-5.74M	22.96M	44.91M
Other Operating Activities	32.60M	37.56M	9.80M	36.62M	19.68M
Depreciation & Amortization	101.82M	99.71M	88.67M	86.04M	86.78M
Stock-Based Compensation	—	5.55M	—	—	—
Cash Interest Paid	30.82M	33.33M	27.65M	28.55M	30.80M
Cash Income Tax Paid	1.96M	12.94M	12.15M	2.92M	9.15M
Loss (Gain) on Equity Investments	2.33M	1.61M	1.04M	-0.15M	-2.39M
Asset Writedown & Restructuring Costs	2.57M	—	—	—	—
Investing Activities
Investing Cash Flow	-38.53M	-28.66M	-32.95M	-43.52M	-35.67M
Capital Expenditures	-33.25M	-31.93M	-33.81M	-44.84M	-45.05M
Cash Acquisitions	-3.00M	—	—	—	-3.76M
Divestitures	—	—	—	—	—
Investment in Securities	-1.27M	—	—	—	1.56M
Other Investing Activities	2.05M	3.12M	-0.12M	0.84M	9.24M
Sale (Purchase) of Intangibles	—	—	—	—	0.00M
Sale (Purchase) of Real Estate	-4.81M	—	—	—	—
Sale of Property, Plant & Equipment	1.75M	0.15M	0.98M	0.48M	2.34M
Loss (Gain) From Sale of Assets	-0.33M	-0.92M	0.06M	-0.34M	-0.78M
Loss (Gain) on Sale of Investments	7.47M	1.31M	5.72M	3.87M	-19.08M
Financing Activities
Financing Cash Flow	-97.80M	-95.23M	-52.63M	-91.09M	-101.03M
Common Dividends Paid	—	—	—	—	—
Issuance of Common Stock	2.27M	—	—	8.14M	—
Repurchase of Common Stock	—	—	—	—	—
Long-Term Debt Issued	—	—	—	10.12M	—
Total Debt Issued	2.33M	0.37M	1.40M	10.12M	-2.50M
Long-Term Debt Repaid	—	—	—	-80.80M	—
Total Debt Repaid	-71.58M	-62.27M	-25.50M	-80.80M	-67.77M
Net Debt Issued (Repaid)	-69.25M	-61.90M	-24.10M	-70.69M	-70.27M
Other Financing Activities	-30.81M	-33.33M	-28.52M	-28.55M	-30.76M
Free Cash Flow & Returns
Free Cash Flow	99.35M	126.13M	56.45M	121.29M	149.78M
Free Cash Flow Growth	-33.7%	+18.8%	+4.9%	-32.9%	+87.1%
Free Cash Flow Margin	+5.8%	+7.9%	+3.8%	+7.8%	+8.8%
Free Cash Flow Per Share	0.07	0.09	0.04	0.08	0.10
Levered Free Cash Flow	83.33M	92.11M	35.75M	103.11M	110.82M
Unlevered Free Cash Flow	102.06M	112.86M	53.14M	120.38M	129.09M
Operating Cash Flow Growth	-31.9%	+22.4%	+8.3%	-20.0%	+74.1%
Net Cash Flow	-0.57M	35.09M	-3.26M	28.94M	67.04M
Foreign Exchange Rate Adjustments	3.15M	0.92M	-7.95M	-2.58M	8.91M