KWSE:EMIRATES Cash Flow Statement

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

Millions KWD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	2020 - 2016
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 - 2016
Net Income	0.19	0.48	1.33	0.03	1.02	Upgrade
Depreciation & Amortization	-	-	-	0	0	Upgrade
Loss (Gain) From Sale of Assets	-	-	-	-	-0.96	Upgrade
Asset Writedown & Restructuring Costs	-0.57	-0.58	-5.04	-	-	Upgrade
Other Operating Activities	0.13	0.35	-0.57	0.05	-0.13	Upgrade
Change in Accounts Receivable	-0.01	-0.01	0.22	-0.02	0	Upgrade
Change in Accounts Payable	-0.02	-0.09	-0	-0.06	0.04	Upgrade
Operating Cash Flow	-0.28	0.16	-4.06	0	-0.02	Upgrade
Divestitures	-	-	-	-	-0.27	Upgrade
Other Investing Activities	0	0	0	0.01	0.02	Upgrade
Investing Cash Flow	0	0	0	0.01	-0.26	Upgrade
Common Dividends Paid	-0	-0	-0	-0	-0.01	Upgrade
Financing Cash Flow	-0	-0	-0	-0	-0.01	Upgrade
Foreign Exchange Rate Adjustments	0.39	-0.14	4.2	0.01	-	Upgrade
Net Cash Flow	0.11	0.02	0.14	0.02	-0.28	Upgrade
Free Cash Flow	-0.28	0.16	-4.06	0	-0.02	Upgrade
Free Cash Flow Margin	-101.52%	60.00%	-1357.94%	1.29%	-8.71%	Upgrade
Free Cash Flow Per Share	-0.00	0.00	-0.02	-	-	Upgrade
Levered Free Cash Flow	0.05	-0.02	0.32	-0.02	-3.68	Upgrade
Unlevered Free Cash Flow	0.05	-0.02	0.32	-0.02	-3.68	Upgrade
Change in Working Capital	-0.03	-0.1	0.22	-0.08	0.04	Upgrade

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