Microsoft Word - DMIT FINANCIAL STATEMENTS 2025-Final draft.

Dar Al-Maal Al-Islami Trust 8 CONSOLIDATED STATEMENT OF CASH FLOWS For the year ended 31 December 2025 In thousands of USD Notes 2025 2024 Cash flows from operating activities Profit for the year before income taxes and non-controlling interests 131,097 121,830 Adjustments for: Depreciation, amortisation and impairment 29,132 23,412 Interest expenses on lease liabilities 35 7,524 6,716 Fair value adjustments on investment carried at FVTPL (4) (996) Loss from associated companies 2,875 6,934 Changes in fair value of investment properties 13, 29 (5,661) 10,740 Gain on disposal of property and equipment (2,222) (161) Charge/(reversal) of allowance for impairment 440 (8,762) Adjusted cash flow before changes in operating assets and liabilities 163,181 159,713 Net increase in placements with Islamic financial institutions (75,423) (114,539) Net decrease of investment securities carried at FVTPL 10,140 8,525 Net increase in investments in financings (750,209) (188,563) Net increase in accounts receivable and other assets (102,808) (2,494) Net increase in development properties (5,500) (1,614) Cash at central banks - statutory reserve (3,339) 3,408 Net (decrease) / increase in accounts payable, excluding taxes (46,583) 101,738 Net (decrease) / increase in due to banks and other financial institutions (610,544) 531,106 Net increase in due to customers 1,422,751 53,531 Cash generated from operating activities 1,666 550,811 Taxes 19 (110,485) (126,936) Net cash (used in) / generated from operating activities (108,819) 423,875 Cash flows from investing activities Purchase of investment securities at FVOCI (1,945,417) (725,454) Proceeds on disposal of investment securities at FVOCI 2,051,372 497,450 Purchase of property, equipment, right-of-use assets and intangibles (53,471) (51,995) Proceeds on disposal of property, equipment, right-of-use assets and intangibles 29,043 74 Net cash generated / (used in) from investing activities 81,527 (279,925) Cash flows from financing activities Dividends paid to owners of the parent (211) (19) Repayment of lease liabilities (14,990) (13,017) Net cash used in financing activities (15,201) (13,036) Net (decrease) / increase in cash and cash equivalents (42,493) 130,914 Foreign currency translation 50,633 (63,489) Cash and cash equivalents at beginning of year 424,647 357,222 Cash and cash equivalents at end of year 432,787 424,647 Addition to right-of-use assets (Notes 16, 35) 16,406 17,567 Addition to lease liabilities (Notes 16, 35) 16,406 17,567 The accompanying notes 1 to 47 are an integral part of these consolidated financial statements.