Gulf Navigation

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

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Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Quarterly (AED)

1-5

	Q3 2025Sep 30, 2025	Q2 2025Jun 30, 2025	Q1 2025Mar 31, 2025	Q4 2024Dec 31, 2024	Q3 2024Sep 30, 2024
Operations
Operating Cash Flow	11.86M	-4.49M	12.11M	5.69M	35.80M
Free Cash Flow	11.85M	-4.49M	-6.14M	-10.63M	-11.65M
Capital Expenditures	-0.00M	—	-18.25M	-16.32M	-47.45M
Investing & Financing
Investing Cash Flow	0.60M	—	-18.25M	212.64M	-47.45M
Financing Cash Flow	-8.17M	-11.84M	41.72M	-223.38M	-5.26M
Share Repurchase	—	-3.78M	-12.08M	-47.33M	-53.29M
Operating Activities
Operating Cash Flow	11.86M	-4.49M	12.11M	5.69M	35.80M
Net Income	4.11M	7.37M	-6.91M	3.48M	1.13M
Change in Accounts Payable	-7.27M	19.17M	3.82M	-37.40M	12.80M
Change in Accounts Receivable	-9.06M	-38.05M	1.52M	20.36M	11.09M
Change in Inventory	-0.04M	0.04M	0.01M	1.64M	-2.97M
Change in Other Net Operating Assets	—	3.56M	-3.56M	0.15M	—
Change in Working Capital	-16.37M	-15.27M	1.78M	-15.24M	20.92M
Other Operating Activities	11.51M	-7.56M	6.36M	-0.74M	2.94M
Provision & Write-off of Bad Debts	—	—	—	—	—
Depreciation & Amortization	6.09M	6.25M	6.16M	34.77M	7.96M
Other Amortization	4.69M	4.68M	4.68M	-9.49M	3.00M
Cash Interest Paid	2.69M	2.79M	7.20M	2.49M	5.27M
Asset Writedown & Restructuring Costs	1.83M	—	—	1.83M	—
Investing Activities
Investing Cash Flow	0.60M	—	-18.25M	212.64M	-47.45M
Capital Expenditures	-0.00M	—	-18.25M	-16.32M	-47.45M
Cash Acquisitions	—	—	—	—	—
Investment in Securities	0.61M	—	—	228.95M	—
Other Investing Activities	—	—	—	—	—
Sale of Property, Plant & Equipment	—	—	—	—	—
Loss (Gain) From Sale of Assets	—	—	—	—	—
Loss (Gain) on Sale of Investments	-0.00M	0.05M	0.05M	-8.91M	-0.15M
Financing Activities
Financing Cash Flow	-8.17M	-11.84M	41.72M	-223.38M	-5.26M
Issuance of Common Stock	47.80M	—	—	—	—
Repurchase of Common Stock	—	-3.78M	-12.08M	-47.33M	-53.29M
Long-Term Debt Issued	—	—	175.68M	—	—
Total Debt Issued	—	—	175.68M	-19.81M	-1.95M
Long-Term Debt Repaid	—	—	-102.53M	—	—
Short-Term Debt Repaid	—	—	—	—	—
Total Debt Repaid	-8.92M	-8.92M	-102.53M	-185.94M	-5.20M
Net Debt Issued (Repaid)	-8.92M	-8.92M	73.15M	-205.75M	-7.15M
Other Financing Activities	-47.05M	0.86M	-19.36M	29.70M	55.18M
Free Cash Flow & Returns
Free Cash Flow	11.85M	-4.49M	-6.14M	-10.63M	-11.65M
Free Cash Flow Growth	—	—	—	—	—
Free Cash Flow Margin	+43.4%	-15.7%	-23.8%	-37.6%	-50.7%
Free Cash Flow Per Share	0.01	-0.01	-0.01	-0.01	-0.01
Levered Free Cash Flow	-40.92M	-13.30M	-17.75M	-4.94M	43.74M
Unlevered Free Cash Flow	-39.31M	-11.62M	-16.00M	-3.37M	47.18M
Operating Cash Flow Growth	-66.9%	—	+44.2%	-71.9%	—
Net Cash Flow	4.29M	-16.33M	35.58M	-5.05M	-16.91M

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Quarterly (AED)

1-5

	Q3 2025Sep 30, 2025	Q2 2025Jun 30, 2025	Q1 2025Mar 31, 2025	Q4 2024Dec 31, 2024	Q3 2024Sep 30, 2024
Operations
Operating Cash Flow	11.86M	-4.49M	12.11M	5.69M	35.80M
Free Cash Flow	11.85M	-4.49M	-6.14M	-10.63M	-11.65M
Capital Expenditures	-0.00M	—	-18.25M	-16.32M	-47.45M
Investing & Financing
Investing Cash Flow	0.60M	—	-18.25M	212.64M	-47.45M
Financing Cash Flow	-8.17M	-11.84M	41.72M	-223.38M	-5.26M
Share Repurchase	—	-3.78M	-12.08M	-47.33M	-53.29M
Operating Activities
Operating Cash Flow	11.86M	-4.49M	12.11M	5.69M	35.80M
Net Income	4.11M	7.37M	-6.91M	3.48M	1.13M
Change in Accounts Payable	-7.27M	19.17M	3.82M	-37.40M	12.80M
Change in Accounts Receivable	-9.06M	-38.05M	1.52M	20.36M	11.09M
Change in Inventory	-0.04M	0.04M	0.01M	1.64M	-2.97M
Change in Other Net Operating Assets	—	3.56M	-3.56M	0.15M	—
Change in Working Capital	-16.37M	-15.27M	1.78M	-15.24M	20.92M
Other Operating Activities	11.51M	-7.56M	6.36M	-0.74M	2.94M
Provision & Write-off of Bad Debts	—	—	—	—	—
Depreciation & Amortization	6.09M	6.25M	6.16M	34.77M	7.96M
Other Amortization	4.69M	4.68M	4.68M	-9.49M	3.00M
Cash Interest Paid	2.69M	2.79M	7.20M	2.49M	5.27M
Asset Writedown & Restructuring Costs	1.83M	—	—	1.83M	—
Investing Activities
Investing Cash Flow	0.60M	—	-18.25M	212.64M	-47.45M
Capital Expenditures	-0.00M	—	-18.25M	-16.32M	-47.45M
Cash Acquisitions	—	—	—	—	—
Investment in Securities	0.61M	—	—	228.95M	—
Other Investing Activities	—	—	—	—	—
Sale of Property, Plant & Equipment	—	—	—	—	—
Loss (Gain) From Sale of Assets	—	—	—	—	—
Loss (Gain) on Sale of Investments	-0.00M	0.05M	0.05M	-8.91M	-0.15M
Financing Activities
Financing Cash Flow	-8.17M	-11.84M	41.72M	-223.38M	-5.26M
Issuance of Common Stock	47.80M	—	—	—	—
Repurchase of Common Stock	—	-3.78M	-12.08M	-47.33M	-53.29M
Long-Term Debt Issued	—	—	175.68M	—	—
Total Debt Issued	—	—	175.68M	-19.81M	-1.95M
Long-Term Debt Repaid	—	—	-102.53M	—	—
Short-Term Debt Repaid	—	—	—	—	—
Total Debt Repaid	-8.92M	-8.92M	-102.53M	-185.94M	-5.20M
Net Debt Issued (Repaid)	-8.92M	-8.92M	73.15M	-205.75M	-7.15M
Other Financing Activities	-47.05M	0.86M	-19.36M	29.70M	55.18M
Free Cash Flow & Returns
Free Cash Flow	11.85M	-4.49M	-6.14M	-10.63M	-11.65M
Free Cash Flow Growth	—	—	—	—	—
Free Cash Flow Margin	+43.4%	-15.7%	-23.8%	-37.6%	-50.7%
Free Cash Flow Per Share	0.01	-0.01	-0.01	-0.01	-0.01
Levered Free Cash Flow	-40.92M	-13.30M	-17.75M	-4.94M	43.74M
Unlevered Free Cash Flow	-39.31M	-11.62M	-16.00M	-3.37M	47.18M
Operating Cash Flow Growth	-66.9%	—	+44.2%	-71.9%	—
Net Cash Flow	4.29M	-16.33M	35.58M	-5.05M	-16.91M