SHUAA Capital PSC 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	FY 2022	FY 2021	2020 - 2018
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	2020 - 2018
Net Income	156.48	-273.6	-906.64	-135.2	24.24	Upgrade
Depreciation & Amortization, Total	9.56	9.85	12.53	27.91	46.01	Upgrade
Gain (Loss) On Sale of Investments	19.08	91.43	392.22	59.14	-654.92	Upgrade
Change in Accounts Receivable	-9.92	-3.6	207.84	307.92	-147.98	Upgrade
Change in Accounts Payable	-0.72	-28.84	-173.76	-383.8	158.93	Upgrade
Change in Other Net Operating Assets	-14.33	28.87	169.63	209.36	97.19	Upgrade
Other Operating Activities	-213.95	13.37	-186.37	75.71	599.74	Upgrade
Operating Cash Flow	-35.79	53.59	268.04	5.38	290.03	Upgrade
Capital Expenditures	-	-	-5.63	-	-22.06	Upgrade
Cash Acquisitions	-	-	-	14.33	-	Upgrade
Investment in Securities	36.45	48.56	-26.28	74.61	115.99	Upgrade
Other Investing Activities	0.11	3.05	15.04	156.5	346.48	Upgrade
Investing Cash Flow	36.56	51.93	-16.88	94.49	440.42	Upgrade
Long-Term Debt Issued	85	-	-	-	195.59	Upgrade
Long-Term Debt Repaid	-55.66	-13.22	-181.45	-171.06	-597.69	Upgrade
Net Debt Issued (Repaid)	29.34	-13.22	-181.45	-171.06	-402.1	Upgrade
Issuance of Common Stock	-	-	-	-	19.64	Upgrade
Common Dividends Paid	-	-	-8.9	-16.03	-141.92	Upgrade
Other Financing Activities	-23.18	-76.47	-97.62	-309.26	-162.39	Upgrade
Financing Cash Flow	6.16	-89.69	-287.97	-496.36	-686.78	Upgrade
Net Cash Flow	6.93	15.83	-36.81	-390.62	76.25	Upgrade
Free Cash Flow	-35.79	53.59	262.41	5.38	267.98	Upgrade
Free Cash Flow Growth	-	-79.58%	4781.95%	-97.99%	627.29%	Upgrade
Free Cash Flow Margin	-72.14%	418.14%	-	1.70%	140.73%	Upgrade
Free Cash Flow Per Share	-0.01	0.02	0.10	0.00	0.11	Upgrade
Cash Interest Paid	23.18	76.47	97.62	85.71	162.39	Upgrade

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