Gulf Navigation

Gulf Navigation Holding (P . J . S . C)

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Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (AED)

	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021	2020Dec 31, 2020
Operations
Operating Cash Flow	27.73M	-6.32M	12.44M	145.03M	32.45M
Free Cash Flow	-59.32M	-46.78M	10.93M	126.71M	29.34M
Capital Expenditures	-87.05M	-40.45M	-1.51M	-18.32M	-3.11M
Investing & Financing
Investing Cash Flow	204.97M	-243.37M	-2.43M	-18.32M	2.35M
Financing Cash Flow	-237.56M	241.95M	-1.95M	-124.21M	-44.48M
Share Repurchase	-195.24M	-47.35M	—	—	—
Operating Activities
Operating Cash Flow	27.73M	-6.32M	12.44M	145.03M	32.45M
Net Income	-20.08M	21.28M	-7.43M	58.12M	-284.46M
Change in Accounts Payable	-16.35M	-23.60M	-31.65M	8.81M	-6.06M
Change in Accounts Receivable	1.45M	-6.78M	-3.83M	8.79M	9.10M
Change in Inventory	-1.35M	-1.12M	0.29M	-1.82M	2.91M
Change in Other Net Operating Assets	0.15M	3.10M	—	-0.14M	—
Change in Working Capital	-16.10M	-28.39M	-35.19M	15.64M	5.95M
Other Operating Activities	8.64M	-18.27M	13.19M	29.09M	44.09M
Provision & Write-off of Bad Debts	—	1.00M	0.40M	2.14M	—
Depreciation & Amortization	45.12M	36.73M	41.47M	40.04M	46.84M
Other Amortization	0.67M	4.17M	—	—	—
Cash Interest Paid	19.59M	15.26M	18.69M	17.84M	25.07M
Asset Writedown & Restructuring Costs	1.83M	—	—	—	210.42M
Investing Activities
Investing Cash Flow	204.97M	-243.37M	-2.43M	-18.32M	2.35M
Capital Expenditures	-87.05M	-40.45M	-1.51M	-18.32M	-3.11M
Cash Acquisitions	—	—	-915.00K	—	—
Investment in Securities	292.02M	-302.39M	—	—	—
Sale of Property, Plant & Equipment	—	99.47M	—	—	5.46M
Loss (Gain) From Sale of Assets	—	-24.83M	—	—	9.61M
Loss (Gain) on Sale of Investments	7.66M	2.01M	—	—	—
Financing Activities
Financing Cash Flow	-237.56M	241.95M	-1.95M	-124.21M	-44.48M
Issuance of Common Stock	—	220.00M	5.12M	—	—
Repurchase of Common Stock	-195.24M	-47.35M	—	—	—
Long-Term Debt Issued	—	180.19M	226.92M	52.16M	87.57M
Short-Term Debt Issued	—	—	—	—	10.01M
Total Debt Issued	—	180.19M	226.92M	52.16M	97.58M
Long-Term Debt Repaid	-207.09M	-141.36M	-223.18M	-148.94M	-72.60M
Short-Term Debt Repaid	—	—	—	-6.00M	-32.02M
Total Debt Repaid	-207.09M	-141.36M	-223.18M	-154.94M	-104.62M
Net Debt Issued (Repaid)	-207.09M	38.83M	3.74M	-102.78M	-7.04M
Other Financing Activities	164.77M	30.48M	-10.81M	-21.42M	-37.44M
Free Cash Flow & Returns
Free Cash Flow	-59.32M	-46.78M	10.93M	126.71M	29.34M
Free Cash Flow Growth	—	—	-91.4%	+331.9%	+751.8%
Free Cash Flow Margin	-66.9%	-44.3%	+8.0%	+106.2%	+20.6%
Free Cash Flow Per Share	-0.07	-0.05	0.02	0.25	0.06
Levered Free Cash Flow	61.71M	-20.68M	7.46M	13.45M	20.72M
Unlevered Free Cash Flow	73.68M	-11.15M	27.75M	38.48M	48.69M
Operating Cash Flow Growth	—	—	-91.4%	+347.0%	-16.7%
Net Cash Flow	-4.86M	-7.74M	8.06M	2.51M	-9.69M

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (AED)

	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021	2020Dec 31, 2020
Operations
Operating Cash Flow	27.73M	-6.32M	12.44M	145.03M	32.45M
Free Cash Flow	-59.32M	-46.78M	10.93M	126.71M	29.34M
Capital Expenditures	-87.05M	-40.45M	-1.51M	-18.32M	-3.11M
Investing & Financing
Investing Cash Flow	204.97M	-243.37M	-2.43M	-18.32M	2.35M
Financing Cash Flow	-237.56M	241.95M	-1.95M	-124.21M	-44.48M
Share Repurchase	-195.24M	-47.35M	—	—	—
Operating Activities
Operating Cash Flow	27.73M	-6.32M	12.44M	145.03M	32.45M
Net Income	-20.08M	21.28M	-7.43M	58.12M	-284.46M
Change in Accounts Payable	-16.35M	-23.60M	-31.65M	8.81M	-6.06M
Change in Accounts Receivable	1.45M	-6.78M	-3.83M	8.79M	9.10M
Change in Inventory	-1.35M	-1.12M	0.29M	-1.82M	2.91M
Change in Other Net Operating Assets	0.15M	3.10M	—	-0.14M	—
Change in Working Capital	-16.10M	-28.39M	-35.19M	15.64M	5.95M
Other Operating Activities	8.64M	-18.27M	13.19M	29.09M	44.09M
Provision & Write-off of Bad Debts	—	1.00M	0.40M	2.14M	—
Depreciation & Amortization	45.12M	36.73M	41.47M	40.04M	46.84M
Other Amortization	0.67M	4.17M	—	—	—
Cash Interest Paid	19.59M	15.26M	18.69M	17.84M	25.07M
Asset Writedown & Restructuring Costs	1.83M	—	—	—	210.42M
Investing Activities
Investing Cash Flow	204.97M	-243.37M	-2.43M	-18.32M	2.35M
Capital Expenditures	-87.05M	-40.45M	-1.51M	-18.32M	-3.11M
Cash Acquisitions	—	—	-915.00K	—	—
Investment in Securities	292.02M	-302.39M	—	—	—
Sale of Property, Plant & Equipment	—	99.47M	—	—	5.46M
Loss (Gain) From Sale of Assets	—	-24.83M	—	—	9.61M
Loss (Gain) on Sale of Investments	7.66M	2.01M	—	—	—
Financing Activities
Financing Cash Flow	-237.56M	241.95M	-1.95M	-124.21M	-44.48M
Issuance of Common Stock	—	220.00M	5.12M	—	—
Repurchase of Common Stock	-195.24M	-47.35M	—	—	—
Long-Term Debt Issued	—	180.19M	226.92M	52.16M	87.57M
Short-Term Debt Issued	—	—	—	—	10.01M
Total Debt Issued	—	180.19M	226.92M	52.16M	97.58M
Long-Term Debt Repaid	-207.09M	-141.36M	-223.18M	-148.94M	-72.60M
Short-Term Debt Repaid	—	—	—	-6.00M	-32.02M
Total Debt Repaid	-207.09M	-141.36M	-223.18M	-154.94M	-104.62M
Net Debt Issued (Repaid)	-207.09M	38.83M	3.74M	-102.78M	-7.04M
Other Financing Activities	164.77M	30.48M	-10.81M	-21.42M	-37.44M
Free Cash Flow & Returns
Free Cash Flow	-59.32M	-46.78M	10.93M	126.71M	29.34M
Free Cash Flow Growth	—	—	-91.4%	+331.9%	+751.8%
Free Cash Flow Margin	-66.9%	-44.3%	+8.0%	+106.2%	+20.6%
Free Cash Flow Per Share	-0.07	-0.05	0.02	0.25	0.06
Levered Free Cash Flow	61.71M	-20.68M	7.46M	13.45M	20.72M
Unlevered Free Cash Flow	73.68M	-11.15M	27.75M	38.48M	48.69M
Operating Cash Flow Growth	—	—	-91.4%	+347.0%	-16.7%
Net Cash Flow	-4.86M	-7.74M	8.06M	2.51M	-9.69M