Abu Dhabi Aviation Co. Cash Flow Statement

Financials in millions AED. Fiscal year is January - December.

Millions AED. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Net Income	861.37	1,130	-172.28
Depreciation & Amortization	129.96	96.97	71.69
Other Amortization	9.51	2.62	1.65
Loss (Gain) From Sale of Assets	-9.8	-3.66	0.09
Asset Writedown & Restructuring Costs	-137.6	0.47	1.23
Loss (Gain) From Sale of Investments	-36.19	-43.49	-
Loss (Gain) on Equity Investments	-107.79	-68.9	-
Provision & Write-off of Bad Debts	9.08	-101.25	239.73
Other Operating Activities	192.62	-464.83	1.49
Change in Accounts Receivable	872.49	1,501	-1,002
Change in Inventory	-146.46	-52.49	-127.12
Change in Accounts Payable	-647.47	444.47	526.19
Change in Other Net Operating Assets	187.39	-372.37	161.38
Operating Cash Flow	1,177	2,069	-297.76
Operating Cash Flow Growth	-43.11%	-	-
Capital Expenditures	-353.36	-255.8	-163.24
Sale of Property, Plant & Equipment	47.62	8.15	-
Cash Acquisitions	-	477.07	-
Sale (Purchase) of Intangibles	-38.41	-4.2	-12.06
Sale (Purchase) of Real Estate	-5.01	-7.21	-
Investment in Securities	-997.25	-534.1	-
Other Investing Activities	152.49	106.09	76.7
Investing Cash Flow	-1,194	-210.01	-98.59
Long-Term Debt Issued	451.28	214.03	-
Long-Term Debt Repaid	-470.88	-279.81	-25.45
Net Debt Issued (Repaid)	-19.61	-65.78	-25.45
Other Financing Activities	-712.89	-52.18	-7.2
Financing Cash Flow	-732.5	-117.95	-32.65
Foreign Exchange Rate Adjustments	0.07	-	-
Net Cash Flow	-749.23	1,741	-429.01
Free Cash Flow	823.77	1,813	-461
Free Cash Flow Growth	-54.57%	-	-
Free Cash Flow Margin	10.54%	25.48%	-6.86%
Free Cash Flow Per Share	0.75	1.91	-0.71
Cash Interest Paid	58.86	52.18	7.2
Cash Income Tax Paid	68.2	-	-
Levered Free Cash Flow	158.09	684.35	-
Unlevered Free Cash Flow	200.46	718.8	-
Change in Working Capital	265.96	1,521	-441.36

Source: S&P Capital IQ. Standard template. Financial Sources.