Abu Dhabi Ship Building

Abu Dhabi Ship Building Co.

ADSBStocksAbu Dhabi Securities ExchangeIndustrials

Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (AED)

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Operating Summary
Revenue	1.41B	1.50B	1.26B	0.66B	0.25B
Cost of Revenue	1.28B	1.33B	1.13B	0.58B	0.23B
Gross Profit	127.40M	165.77M	124.06M	79.38M	29.11M
SG&A	97.56M	85.70M	70.01M	52.28M	43.54M
Operating Expenses	107.80M	76.03M	94.35M	59.48M	50.95M
Operating Income	19.60M	89.74M	29.71M	19.89M	-21.83M
Interest Income	3.70M	5.76M	12.58M	0.56M	—
Interest Expense	-8.24M	-2.23M	-3.06M	-1.61M	-5.46M
Other Income/Expense	17.80M	-7.81M	1.14M	1.61M	20.73M
Pretax Income	32.87M	85.46M	40.38M	20.46M	11.03M
Income Tax	2.58M	8.14M	—	—	—
Net Income	30.29M	77.32M	40.38M	20.46M	11.03M
EBITDA	43.36M	109.79M	44.97M	34.58M	-4.05M
EBIT	19.60M	89.74M	29.71M	19.89M	-21.83M
EPS (Basic)	0.14	0.36	0.19	0.10	0.05
EPS (Diluted)	0.14	0.36	0.19	0.10	0.05
DPS	—	0.19	0.10	0.06	0.02
Margins & Efficiency
Gross Margin %	+9.1%	+11.1%	+9.9%	+12.0%	+11.4%
EBITDA Margin %	+3.1%	+7.3%	+3.6%	+5.2%	-1.6%
Net Margin %	+2.2%	+5.2%	+3.2%	+3.1%	+4.3%
Revenue & Income
Revenue	1.41B	1.50B	1.26B	0.66B	0.25B
Revenue Growth (YoY)	-5.9%	+19.0%	+90.5%	+159.6%	-0.2%
Interest & Investment Income	3.70M	5.76M	12.58M	0.56M	—
Gain (Loss) on Sale of Assets	—	—	—	—	17.59M
Expenses & Provisions
Cost of Revenue	1.28B	1.33B	1.13B	0.58B	0.23B
Selling, General & Admin	97.56M	85.70M	70.01M	52.28M	43.54M
Operating Expenses	107.80M	76.03M	94.35M	59.48M	50.95M
Interest Expense	-8.24M	-2.23M	-3.06M	-1.61M	-5.46M
Other Non Operating Income (Expenses)	17.80M	-7.81M	1.14M	1.61M	20.73M
D&A For EBITDA	23.76M	20.05M	15.26M	14.69M	17.79M
Profitability & Returns
Gross Profit	127.40M	165.77M	124.06M	79.38M	29.11M
Gross Margin	+9.1%	+11.1%	+9.9%	+12.0%	+11.4%
EBIT	19.60M	89.74M	29.71M	19.89M	-21.83M
EBIT Margin	+1.4%	+6.0%	+2.4%	+3.0%	-8.6%
EBITDA	43.36M	109.79M	44.97M	34.58M	-4.05M
EBITDA Margin	+3.1%	+7.3%	+3.6%	+5.2%	-1.6%
EBT Excluding Unusual Items	32.87M	85.46M	40.38M	20.46M	-6.56M
Pretax Income	32.87M	85.46M	40.38M	20.46M	11.03M
Operating Income	19.60M	89.74M	29.71M	19.89M	-21.83M
Operating Margin	+1.4%	+6.0%	+2.4%	+3.0%	-8.6%
Profit Margin	+2.2%	+5.2%	+3.2%	+3.1%	+4.3%
Net Income	30.29M	77.32M	40.38M	20.46M	11.03M
Net Income to Common	30.29M	77.32M	40.38M	20.46M	11.03M
Net Income Growth	-60.8%	+91.5%	+97.4%	+85.4%	—
Earnings From Continuing Ops.	30.29M	77.32M	40.38M	20.46M	11.03M
Income Tax Expense	2.58M	8.14M	—	—	—
Effective Tax Rate	+7.9%	+9.5%	—	—	—
Per Share & Capital
EPS (Basic)	0.14	0.36	0.19	0.10	0.05
EPS (Diluted)	0.14	0.36	0.19	0.10	0.05
EPS Growth	-60.8%	+91.5%	+97.4%	+85.4%	—
Dividend Per Share	—	0.19	0.10	0.06	0.02
Shares Outstanding (Basic)	211.99M	211.99M	211.99M	211.99M	211.99M
Shares Outstanding (Diluted)	211.99M	211.99M	211.99M	211.99M	211.99M
Dividend Growth	—	+90.0%	+66.7%	+200.0%	—
Free Cash Flow	-0.19B	-0.19B	0.49B	-0.51B	1.01B
Free Cash Flow Margin	-13.6%	-13.0%	+38.6%	-76.6%	+398.4%
Free Cash Flow Per Share	-0.90	-0.92	2.29	-2.39	4.78
Payout Ratio	+133.0%	+27.4%	+49.1%	+20.7%	—

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (AED)

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Operating Summary
Revenue	1.41B	1.50B	1.26B	0.66B	0.25B
Cost of Revenue	1.28B	1.33B	1.13B	0.58B	0.23B
Gross Profit	127.40M	165.77M	124.06M	79.38M	29.11M
SG&A	97.56M	85.70M	70.01M	52.28M	43.54M
Operating Expenses	107.80M	76.03M	94.35M	59.48M	50.95M
Operating Income	19.60M	89.74M	29.71M	19.89M	-21.83M
Interest Income	3.70M	5.76M	12.58M	0.56M	—
Interest Expense	-8.24M	-2.23M	-3.06M	-1.61M	-5.46M
Other Income/Expense	17.80M	-7.81M	1.14M	1.61M	20.73M
Pretax Income	32.87M	85.46M	40.38M	20.46M	11.03M
Income Tax	2.58M	8.14M	—	—	—
Net Income	30.29M	77.32M	40.38M	20.46M	11.03M
EBITDA	43.36M	109.79M	44.97M	34.58M	-4.05M
EBIT	19.60M	89.74M	29.71M	19.89M	-21.83M
EPS (Basic)	0.14	0.36	0.19	0.10	0.05
EPS (Diluted)	0.14	0.36	0.19	0.10	0.05
DPS	—	0.19	0.10	0.06	0.02
Margins & Efficiency
Gross Margin %	+9.1%	+11.1%	+9.9%	+12.0%	+11.4%
EBITDA Margin %	+3.1%	+7.3%	+3.6%	+5.2%	-1.6%
Net Margin %	+2.2%	+5.2%	+3.2%	+3.1%	+4.3%
Revenue & Income
Revenue	1.41B	1.50B	1.26B	0.66B	0.25B
Revenue Growth (YoY)	-5.9%	+19.0%	+90.5%	+159.6%	-0.2%
Interest & Investment Income	3.70M	5.76M	12.58M	0.56M	—
Gain (Loss) on Sale of Assets	—	—	—	—	17.59M
Expenses & Provisions
Cost of Revenue	1.28B	1.33B	1.13B	0.58B	0.23B
Selling, General & Admin	97.56M	85.70M	70.01M	52.28M	43.54M
Operating Expenses	107.80M	76.03M	94.35M	59.48M	50.95M
Interest Expense	-8.24M	-2.23M	-3.06M	-1.61M	-5.46M
Other Non Operating Income (Expenses)	17.80M	-7.81M	1.14M	1.61M	20.73M
D&A For EBITDA	23.76M	20.05M	15.26M	14.69M	17.79M
Profitability & Returns
Gross Profit	127.40M	165.77M	124.06M	79.38M	29.11M
Gross Margin	+9.1%	+11.1%	+9.9%	+12.0%	+11.4%
EBIT	19.60M	89.74M	29.71M	19.89M	-21.83M
EBIT Margin	+1.4%	+6.0%	+2.4%	+3.0%	-8.6%
EBITDA	43.36M	109.79M	44.97M	34.58M	-4.05M
EBITDA Margin	+3.1%	+7.3%	+3.6%	+5.2%	-1.6%
EBT Excluding Unusual Items	32.87M	85.46M	40.38M	20.46M	-6.56M
Pretax Income	32.87M	85.46M	40.38M	20.46M	11.03M
Operating Income	19.60M	89.74M	29.71M	19.89M	-21.83M
Operating Margin	+1.4%	+6.0%	+2.4%	+3.0%	-8.6%
Profit Margin	+2.2%	+5.2%	+3.2%	+3.1%	+4.3%
Net Income	30.29M	77.32M	40.38M	20.46M	11.03M
Net Income to Common	30.29M	77.32M	40.38M	20.46M	11.03M
Net Income Growth	-60.8%	+91.5%	+97.4%	+85.4%	—
Earnings From Continuing Ops.	30.29M	77.32M	40.38M	20.46M	11.03M
Income Tax Expense	2.58M	8.14M	—	—	—
Effective Tax Rate	+7.9%	+9.5%	—	—	—
Per Share & Capital
EPS (Basic)	0.14	0.36	0.19	0.10	0.05
EPS (Diluted)	0.14	0.36	0.19	0.10	0.05
EPS Growth	-60.8%	+91.5%	+97.4%	+85.4%	—
Dividend Per Share	—	0.19	0.10	0.06	0.02
Shares Outstanding (Basic)	211.99M	211.99M	211.99M	211.99M	211.99M
Shares Outstanding (Diluted)	211.99M	211.99M	211.99M	211.99M	211.99M
Dividend Growth	—	+90.0%	+66.7%	+200.0%	—
Free Cash Flow	-0.19B	-0.19B	0.49B	-0.51B	1.01B
Free Cash Flow Margin	-13.6%	-13.0%	+38.6%	-76.6%	+398.4%
Free Cash Flow Per Share	-0.90	-0.92	2.29	-2.39	4.78
Payout Ratio	+133.0%	+27.4%	+49.1%	+20.7%	—