TECOM Group PJSC (DFM:TECOM)

TECOM Group PJSC 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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	1,396	1,228	1,078	725.62	568.84	579.08
Depreciation & Amortization	474.67	429.32	394.51	386.2	375.32	369.2
Other Amortization	10.84	10.84	64.32	69.73	10.86	14.33
Change in Accounts Receivable	-129.72	-141.47	-9.55	-33.15	-18.82	-262.53
Change in Accounts Payable	47.39	146.33	3.01	59.48	66.05	-89.87
Change in Other Net Operating Assets	63.81	34.13	21.69	73.32	-24.47	37.2
Other Operating Activities	178.63	111.82	104.91	164.87	213.82	247.94
Operating Cash Flow	2,029	1,822	1,631	1,504	1,254	973.61
Operating Cash Flow Growth	17.04%	11.72%	8.45%	19.88%	28.84%	5.44%
Acquisition of Real Estate Assets	-2,201	-2,280	-418.94	-601.88	-606.49	-770.87
Net Sale / Acq. of Real Estate Assets	-2,201	-2,280	-418.94	-601.88	-606.49	-770.87
Investment in Marketable & Equity Securities	334.92	486.62	58.55	-445.63	1,105	-138.23
Other Investing Activities	41.54	76.54	-102.43	9.62	9.49	33.08
Investing Cash Flow	-1,834	-1,724	-476.8	-1,043	493.76	-889.08
Long-Term Debt Issued	-	850	-	371.28	118.86	650
Long-Term Debt Repaid	-	-	-	-64.22	-96.46	-12.79
Net Debt Issued (Repaid)	600	850	-	307.06	22.4	637.21
Issuance of Common Stock	-	-	-	-	146.06	139.39
Common Dividends Paid	-800	-800	-600	-1,050	-1,400	-650
Other Financing Activities	-212.46	-179.05	-160.77	-209.65	-318.69	-264.03
Net Cash Flow	-216.54	-31.52	393.22	-491.52	197.93	-52.9
Cash Interest Paid	212.46	179.05	166.97	209.06	249.94	264.03
Levered Free Cash Flow	1,095	1,187	913.89	619.22	690.07	528.97
Unlevered Free Cash Flow	1,297	1,369	1,058	687.77	809.31	689.96
Change in Working Capital	-18.53	38.99	15.15	99.65	22.76	-315.2

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.