Al Dhafra Insurance Company P.S.C. (ADX:DHAFRA)

ADX:DHAFRA Cash Flow Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	43.31	38.38	41.3	22.96	38.64	54.8
Depreciation & Amortization	1.95	1.49	1.43	1.82	1.94	1.81
Other Amortization	1.38	1.38	1.16	1	0.85	0.77
Gain (Loss) on Sale of Assets	-0.04	-0	-0	0.23	-0	-0.01
Gain (Loss) on Sale of Investments	-20.11	-15.41	-21.47	-0.16	-7.28	2.01
Change in Accounts Receivable	58.96	39.18	10.75	15.56	5.84	9.95
Change in Unearned Revenue	-	-	-	-	0.02	-2.89
Change in Insurance Reserves / Liabilities	-	-	-	-	-12.39	-32.2
Change in Other Net Operating Assets	6.64	7.43	-9.77	1.94	-	-
Other Operating Activities	-27	-24.13	-17.94	-16.59	-7.53	-23.82
Operating Cash Flow	61.49	44.73	5.47	24.66	13.09	9.4
Operating Cash Flow Growth	132.15%	718.38%	-77.83%	88.44%	39.14%	-63.15%
Capital Expenditures	-0.82	-0.86	-0.45	-0.38	-0.53	-0.33
Sale of Property, Plant & Equipment	0.04	0	0	-	0	0.01
Purchase / Sale of Intangible Assets	-2.48	-0.82	-1.28	-1.05	-0.32	-3.33
Investment in Securities	-35.99	-4.27	11.09	-24.69	-38.05	-74.61
Other Investing Activities	33.39	26.51	16.85	15.15	17.02	15.85
Investing Cash Flow	-5.86	20.56	26.21	-13.06	-21.87	-62.41
Total Debt Repaid	-1.21	-1.43	-0.99	-1.14	-1.01	-1.19
Net Debt Issued (Repaid)	-1.21	-1.43	-0.99	-1.14	-1.01	-1.19
Common Dividends Paid	-35	-35	-30	-35	-40	-40
Financing Cash Flow	-36.21	-36.43	-30.99	-36.14	-41.01	-41.19
Net Cash Flow	19.42	28.87	0.68	-24.55	-49.79	-94.19
Free Cash Flow	60.67	43.87	5.02	24.28	12.56	9.07
Free Cash Flow Growth	131.97%	774.70%	-79.34%	93.36%	38.41%	-62.30%
Free Cash Flow Margin	48.64%	38.93%	4.52%	24.96%	7.84%	5.85%
Free Cash Flow Per Share	0.60	0.44	0.05	0.24	0.13	0.09
Levered Free Cash Flow	130.63	-57.73	-251.61	-503.9	-34.49	3.08
Unlevered Free Cash Flow	130.82	-57.46	-251.37	-503.81	-34.36	3.24
Change in Working Capital	65.6	46.61	0.99	17.5	-13.32	-26.06

Updated Feb 12, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.