Page 251 - SALIK PR REPORT AUGUST 2024

30- 31-Mar- % Δ 31-Dec- % Δ
AED million
Jun-24 24 QoQ 23 YtD
it as per the debt agreement with the bank and accordingly,
historical reported amounts for Net debt have been updated to
reflect the same change in definition.

Solid free cash flow of AED 333.8 million, with a margin of 62.7%

Summary of cash flow

Salik generated free cash flow of AED 333.8 million in the second

quarter, with a free cash flow margin of 62.7%, a c.650-basis point
decline versus 69.1% in the prior year. This was primarily due to the
reduction in net profit after taxes, due to the introduction of a new 9%

corporate tax rate effective from January 2024.
Q1
AED Q2 Q2 % Δ 202 % Δ H1 H1 % Δ
million 2024 2023 YoY QoQ 2024 2023 YoY
4

Operating
cash flow

before 373. 353. 5.7% 387. - 760. 708. 7.4%
changes in 7 5 1 3.5% 8 5
working
capital

Changes
in (37.0 3.7 - (33. 10.8 (70.5 (26.2 168.8
1089.7
working ) 4) % ) ) %
capital %
Net cash
flow from 336. 357. 353. - 690. 682.

operating 6 3 -5.8% 6 4.8% 3 3 1.2%
activities

Net cash 2.0 6.6 - 170. - 172. 10.5 1539.3
generated 70.3% 4 3 %

https://mediaoffice.ae/en/news/2024/august/13-08/salik-h1-2024