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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
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