ADX:UNION Cash Flow Statement

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

Millions AED. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2015 - 2019
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2015 - 2019
Net Income	48.13	38.31	-2.48	2.51	13.22	-3.94	Upgrade
Depreciation & Amortization	3.07	3.97	8.13	8.39	7.95	9.56	Upgrade
Other Amortization	1.23	1.23	2.12	3.09	2.92	2.63	Upgrade
Gain (Loss) on Sale of Assets	-14.22	-14.22	1.3	-0	-0.03	-	Upgrade
Gain (Loss) on Sale of Investments	-4.54	-0.44	-1.25	2.12	-1.94	8.95	Upgrade
Change in Accounts Receivable	-	-	6.4	-35.19	27.86	48.34	Upgrade
Reinsurance Recoverable	168.32	-87.01	84.15	38.77	-343.25	50.54	Upgrade
Change in Insurance Reserves / Liabilities	-174.39	55.04	-54.6	-35.34	281.52	-124.23	Upgrade
Change in Other Net Operating Assets	18.64	-4.17	17.83	-1.05	-	-1.26	Upgrade
Other Operating Activities	-19.69	-17.95	-17.08	-7.2	-5.04	-4.62	Upgrade
Operating Cash Flow	26.91	-25.24	39.89	2.59	-4.34	9.25	Upgrade
Operating Cash Flow Growth	-	-	1437.82%	-	-	-89.91%	Upgrade
Capital Expenditures	-0.43	-0.59	-0.93	-1.23	-1.99	-2.7	Upgrade
Sale of Property, Plant & Equipment	73.43	73.43	0.02	0	0.03	-	Upgrade
Investment in Securities	-91.28	-88.78	-219.94	106.08	90.13	-21.54	Upgrade
Other Investing Activities	21.29	20.05	16.97	9.17	6.23	7.43	Upgrade
Investing Cash Flow	3.01	4.11	-203.88	114.02	94.39	-16.81	Upgrade
Total Debt Repaid	-2.28	-3.24	-3.39	-2.83	-2.73	-3.99	Upgrade
Net Debt Issued (Repaid)	-2.28	-3.24	-3.39	-2.83	-2.73	-3.99	Upgrade
Other Financing Activities	-	-	-	-	-	-0.57	Upgrade
Financing Cash Flow	-2.28	-3.24	-3.39	-2.83	-2.73	-4.56	Upgrade
Net Cash Flow	27.64	-24.37	-167.38	113.79	87.32	-12.12	Upgrade
Free Cash Flow	26.48	-25.82	38.97	1.37	-6.33	6.56	Upgrade
Free Cash Flow Growth	-	-	2752.49%	-	-	-92.71%	Upgrade
Free Cash Flow Margin	9.41%	-9.66%	14.61%	0.45%	-1.59%	1.64%	Upgrade
Free Cash Flow Per Share	-	-0.11	0.17	0.01	-0.03	0.03	Upgrade
Cash Interest Paid	-	-	-	-	-	0.57	Upgrade
Levered Free Cash Flow	237.03	624.98	-576.06	-33.52	14.1	-299.44	Upgrade
Unlevered Free Cash Flow	237.03	624.98	-576.06	-33.52	14.1	-299.3	Upgrade
Change in Working Capital	12.57	-36.14	48.49	-8.43	-33.88	-26.6	Upgrade

Updated Mar 20, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.