APEX INVESTMENT P.S.C Management Discussion and Analysis Report for the Period Ended March 31,2026 | premargin
APEX INVESTMENT P.S.C Management Discussion and Analysis Report for the Period Ended March 31,2026
·ADX·Financial Reports | Management Discussion and Analysis Report·May 4, 2026·View on exchange
AI Summary
Apex Group reported Q1 2026 revenues of AED 210.7 million, a 7% year-on-year increase driven by steady performance in Catering & Facility Management and a 4% volume increase in the Cement segment.
The Group recorded a consolidated net loss before tax of AED 94 million, primarily due to an unrealized AED 115 million mark-to-market loss on its equity portfolio and the demobilization of 60% of offshore Oil & Gas operations in March following geopolitical tensions.
Operating profit declined to AED 20.0 million from AED 31.0 million in Q1 2025, impacted by AED 10.9 million in non-cash charges at Enercap; excluding these charges, the core business delivered an operating profit of AED 37 million.
As of March 31, 2026, the Group maintained total assets of AED 2.35 billion and a liquidity position of approximately AED 500 million, with a quarterly free cash flow of AED 21 million excluding Enercap funding.
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