| Note | 31 December 2025 X ‘000 |
31 December 2024 X ‘000 |
|
| OPERATING ACTIVITIES | |||
| Profit before Zakat | 736,690 | 694,477 | |
| Adjustments to reconcile profit before Zakat to net cash flows: | |||
| Depreciation of property and equipment | 6 | 56,525 | 60,482 |
| Depreciation of right-of-use assets | 7 | 51,868 | 41,514 |
| Amortisation of intangible assets | 8 | 3,312 | 3,291 |
| Finance cost | 27 | 57,811 | 74,434 |
| Finance income | 26 | (67,239) | (59,495) |
| Provision for employees’ benefit obligation | 16 | 20,845 | 17,133 |
| Lease modification | 7 | (6,417) | - |
| Gain on sublease | 7 | - | (4,521) |
| Loss on disposal of property and equipment | - | 98 | |
| Allowance for expected credit losses | 10 | (567) | (16,627) |
| 852,828 | 810,786 | ||
| Working capital adjustments: | |||
| Other non-current assets | (10,393) | - | |
| Prepayments and other receivables | 4,080 | (62,339) | |
| Trade receivables | 96,364 | (73,192) | |
| Trade payables | (8,395) | 82,660 | |
| Accrued expenses and other liabilities | 15,100 | 35,225 | |
| 949,584 | 793,140 | ||
| Cash generated from operations | |||
| Employees’ benefit obligations paid | 16 | (6,296) | (3,861) |
| Finance cost paid | (11,568) | (21,462) | |
| Finance income received | 60,448 | 59,495 | |
| Zakat paid | 28 | (34,750) | (35,846) |
| Net cash flows from operating activities | 957,418 | 791,466 | |
| INVESTING ACTIVITIES | |||
| Additions to property and equipment | (140,367) | (66,843) | |
| Additions to intangible assets | 8 | (3,446) | (721) |
| Investment in short-term Murabaha deposits | 12 | - | 500,000 |
| Net cash flows (used in) / from investing activities | (143,813) | 432,436 | |
| FINANCING ACTIVITIES | |||
| Repayment of long-term loans | (57,000) | (44,000) | |
| Proceeds from long-term loans | - | 55,451 | |
| Payments of finance cost on lease liabilities | (51,221) | (28,389) | |
| Payment of principal portion of lease liabilities | (46,900) | (61,747) | |
| Dividends paid | 19 | (478,400) | (493,600) |
| Net cash flows used in financing activities | (633,521) | (572,285) | |
| Net increase in cash and cash equivalents during the year | 180,084 | 651,617 | |
| Cash and cash equivalent at the beginning of the year | 1,362,043 | 710,426 | |
| Cash and cash equivalents at the end of the year | 12 | 1,542,127 | 1,362,043 |
Chief Financial Officer
Chief Executive Officer
Chairman of the Board of Directors
SUPPLEMENTAL NON-CASH INFORMATION
| Note | 31 December 2025 X ‘000 |
31 December 2024 X ‘000 |
|
| Lease modification during the year | 7 | 45,141 | 372,149 |
| Adjustment of long-term loan receivables with lease liabilities | 7 | 16,390 | 11,790 |
| Remeasurement gain on employees’ benefit obligations | 16 | 395 | 347 |