Al Dar Properties

ALDARStocksAbu Dhabi Securities ExchangeReal Estate

Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual (AED)

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Operating Summary
Revenue	33.82B	23.00B	14.16B	11.20B	8.58B
Cost of Revenue	22.24B	14.94B	8.72B	6.81B	5.07B
Gross Profit	11.58B	8.06B	5.44B	4.39B	3.51B
SG&A	1.51B	1.35B	1.15B	1.31B	0.85B
Operating Expenses	2.62B	2.14B	1.69B	1.90B	1.22B
Operating Income	8.96B	5.92B	3.75B	2.48B	2.29B
Interest Income	830.47M	697.95M	472.01M	198.54M	31.05M
Interest Expense	-1.31B	-0.92B	-0.61B	-0.38B	-0.26B
Other Income/Expense	27.55M	131.18M	264.64M	47.65M	40.71M
Pretax Income	9.96B	6.86B	4.53B	3.18B	2.33B
Income Tax	1.13B	0.36B	0.11B	0.04B	—
Net Income	7.51B	5.49B	3.82B	2.89B	2.32B
EBITDA	9.52B	6.45B	4.16B	2.82B	2.53B
EBIT	8.96B	5.92B	3.75B	2.48B	2.29B
EPS (Basic)	0.95	0.70	0.49	0.37	0.29
EPS (Diluted)	0.95	0.70	0.49	0.37	0.29
DPS	0.21	0.19	0.17	0.16	0.15
Margins & Efficiency
Gross Margin %	+34.2%	+35.0%	+38.4%	+39.2%	+40.9%
EBITDA Margin %	+28.2%	+28.0%	+29.4%	+25.2%	+29.5%
Net Margin %	+22.2%	+23.9%	+27.0%	+25.8%	+27.0%
Revenue & Income
Revenue	33.82B	23.00B	14.16B	11.20B	8.58B
Revenue Growth (YoY)	+47.0%	+62.4%	+26.4%	+30.6%	+2.2%
Interest & Investment Income	830.47M	697.95M	472.01M	198.54M	31.05M
Earnings From Equity Investments	0.17M	-1.90M	-7.42M	-7.77M	-8.21M
Gain (Loss) on Sale of Assets	15.79M	83.05M	24.10M	28.83M	12.60M
Gain (Loss) on Sale of Investments	120.44M	48.97M	-2.46M	12.06M	-1.27M
Currency Exchange Gain (Loss)	7.90M	26.69M	16.83M	41.95M	—
Expenses & Provisions
Advertising Expenses	37.70M	39.95M	39.45M	66.04M	47.85M
Cost of Revenue	22.24B	14.94B	8.72B	6.81B	5.07B
Selling, General & Admin	1.51B	1.35B	1.15B	1.31B	0.85B
Operating Expenses	2.62B	2.14B	1.69B	1.90B	1.22B
Other Operating Expenses	464.66M	210.42M	92.25M	247.83M	127.14M
Interest Expense	-1.31B	-0.92B	-0.61B	-0.38B	-0.26B
Other Non Operating Income (Expenses)	27.55M	131.18M	264.64M	47.65M	40.71M
Merger & Restructuring Charges	-1.28M	—	—	—	-20.60M
Asset Writedown	1.31B	0.84B	0.60B	0.74B	0.12B
D&A For EBITDA	562.70M	528.26M	410.56M	336.85M	239.69M
Profitability & Returns
Gross Profit	11.58B	8.06B	5.44B	4.39B	3.51B
Gross Margin	+34.2%	+35.0%	+38.4%	+39.2%	+40.9%
EBIT	8.96B	5.92B	3.75B	2.48B	2.29B
EBIT Margin	+26.5%	+25.7%	+26.5%	+22.2%	+26.7%
EBITDA	9.52B	6.45B	4.16B	2.82B	2.53B
EBITDA Margin	+28.2%	+28.0%	+29.4%	+25.2%	+29.5%
EBT Excluding Unusual Items	8.51B	5.85B	3.89B	2.38B	2.09B
Pretax Income	9.96B	6.86B	4.53B	3.18B	2.33B
Operating Income	8.96B	5.92B	3.75B	2.48B	2.29B
Operating Margin	+26.5%	+25.7%	+26.5%	+22.2%	+26.7%
Profit Margin	+22.2%	+23.9%	+27.0%	+25.8%	+27.0%
Net Income	7.61B	5.60B	3.92B	2.94B	2.32B
Net Income to Common	7.51B	5.49B	3.82B	2.89B	2.32B
Net Income Growth	+36.0%	+42.7%	+33.2%	+27.2%	+19.8%
Earnings From Continuing Ops.	8.83B	6.50B	4.42B	3.14B	2.33B
Minority Interest in Earnings	-1.22B	-0.91B	-0.49B	-0.20B	-0.02B
Income Tax Expense	1.13B	0.36B	0.11B	0.04B	—
Effective Tax Rate	+11.3%	+5.2%	+2.5%	+1.2%	—
Per Share & Capital
EPS (Basic)	0.95	0.70	0.49	0.37	0.29
EPS (Diluted)	0.95	0.70	0.49	0.37	0.29
EPS Growth	+36.7%	+43.8%	+32.0%	+24.9%	+19.8%
Dividend Per Share	0.21	0.19	0.17	0.16	0.15
Shares Outstanding (Basic)	7.86B	7.86B	7.86B	7.86B	7.86B
Shares Outstanding (Diluted)	7.86B	7.86B	7.86B	7.86B	7.86B
Dividend Growth	+10.8%	+8.8%	+6.3%	+6.7%	+3.4%
Free Cash Flow	6.37B	4.22B	2.94B	4.19B	5.70B
Free Cash Flow Margin	+18.8%	+18.3%	+20.8%	+37.4%	+66.5%
Free Cash Flow Per Share	0.81	0.54	0.37	0.53	0.73
Payout Ratio	+20.5%	+25.7%	+34.7%	+44.3%	+49.3%
Preferred Dividends & Other Adjustments	103.29M	103.29M	103.29M	51.65M	—
Supplemental
Other Unusual Items	8.89M	36.55M	—	17.99M	132.61M

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	33.82B	23.00B	14.16B	11.20B	8.58B
Cost of Revenue	22.24B	14.94B	8.72B	6.81B	5.07B
Gross Profit	11.58B	8.06B	5.44B	4.39B	3.51B
SG&A	1.51B	1.35B	1.15B	1.31B	0.85B
Operating Expenses	2.62B	2.14B	1.69B	1.90B	1.22B
Operating Income	8.96B	5.92B	3.75B	2.48B	2.29B
Interest Income	830.47M	697.95M	472.01M	198.54M	31.05M
Interest Expense	-1.31B	-0.92B	-0.61B	-0.38B	-0.26B
Other Income/Expense	27.55M	131.18M	264.64M	47.65M	40.71M
Pretax Income	9.96B	6.86B	4.53B	3.18B	2.33B
Income Tax	1.13B	0.36B	0.11B	0.04B	—
Net Income	7.51B	5.49B	3.82B	2.89B	2.32B
EBITDA	9.52B	6.45B	4.16B	2.82B	2.53B
EBIT	8.96B	5.92B	3.75B	2.48B	2.29B
EPS (Basic)	0.95	0.70	0.49	0.37	0.29
EPS (Diluted)	0.95	0.70	0.49	0.37	0.29
DPS	0.21	0.19	0.17	0.16	0.15
Margins & Efficiency
Gross Margin %	+34.2%	+35.0%	+38.4%	+39.2%	+40.9%
EBITDA Margin %	+28.2%	+28.0%	+29.4%	+25.2%	+29.5%
Net Margin %	+22.2%	+23.9%	+27.0%	+25.8%	+27.0%
Revenue & Income
Revenue	33.82B	23.00B	14.16B	11.20B	8.58B
Revenue Growth (YoY)	+47.0%	+62.4%	+26.4%	+30.6%	+2.2%
Interest & Investment Income	830.47M	697.95M	472.01M	198.54M	31.05M
Earnings From Equity Investments	0.17M	-1.90M	-7.42M	-7.77M	-8.21M
Gain (Loss) on Sale of Assets	15.79M	83.05M	24.10M	28.83M	12.60M
Gain (Loss) on Sale of Investments	120.44M	48.97M	-2.46M	12.06M	-1.27M
Currency Exchange Gain (Loss)	7.90M	26.69M	16.83M	41.95M	—
Expenses & Provisions
Advertising Expenses	37.70M	39.95M	39.45M	66.04M	47.85M
Cost of Revenue	22.24B	14.94B	8.72B	6.81B	5.07B
Selling, General & Admin	1.51B	1.35B	1.15B	1.31B	0.85B
Operating Expenses	2.62B	2.14B	1.69B	1.90B	1.22B
Other Operating Expenses	464.66M	210.42M	92.25M	247.83M	127.14M
Interest Expense	-1.31B	-0.92B	-0.61B	-0.38B	-0.26B
Other Non Operating Income (Expenses)	27.55M	131.18M	264.64M	47.65M	40.71M
Merger & Restructuring Charges	-1.28M	—	—	—	-20.60M
Asset Writedown	1.31B	0.84B	0.60B	0.74B	0.12B
D&A For EBITDA	562.70M	528.26M	410.56M	336.85M	239.69M
Profitability & Returns
Gross Profit	11.58B	8.06B	5.44B	4.39B	3.51B
Gross Margin	+34.2%	+35.0%	+38.4%	+39.2%	+40.9%
EBIT	8.96B	5.92B	3.75B	2.48B	2.29B
EBIT Margin	+26.5%	+25.7%	+26.5%	+22.2%	+26.7%
EBITDA	9.52B	6.45B	4.16B	2.82B	2.53B
EBITDA Margin	+28.2%	+28.0%	+29.4%	+25.2%	+29.5%
EBT Excluding Unusual Items	8.51B	5.85B	3.89B	2.38B	2.09B
Pretax Income	9.96B	6.86B	4.53B	3.18B	2.33B
Operating Income	8.96B	5.92B	3.75B	2.48B	2.29B
Operating Margin	+26.5%	+25.7%	+26.5%	+22.2%	+26.7%
Profit Margin	+22.2%	+23.9%	+27.0%	+25.8%	+27.0%
Net Income	7.61B	5.60B	3.92B	2.94B	2.32B
Net Income to Common	7.51B	5.49B	3.82B	2.89B	2.32B
Net Income Growth	+36.0%	+42.7%	+33.2%	+27.2%	+19.8%
Earnings From Continuing Ops.	8.83B	6.50B	4.42B	3.14B	2.33B
Minority Interest in Earnings	-1.22B	-0.91B	-0.49B	-0.20B	-0.02B
Income Tax Expense	1.13B	0.36B	0.11B	0.04B	—
Effective Tax Rate	+11.3%	+5.2%	+2.5%	+1.2%	—
Per Share & Capital
EPS (Basic)	0.95	0.70	0.49	0.37	0.29
EPS (Diluted)	0.95	0.70	0.49	0.37	0.29
EPS Growth	+36.7%	+43.8%	+32.0%	+24.9%	+19.8%
Dividend Per Share	0.21	0.19	0.17	0.16	0.15
Shares Outstanding (Basic)	7.86B	7.86B	7.86B	7.86B	7.86B
Shares Outstanding (Diluted)	7.86B	7.86B	7.86B	7.86B	7.86B
Dividend Growth	+10.8%	+8.8%	+6.3%	+6.7%	+3.4%
Free Cash Flow	6.37B	4.22B	2.94B	4.19B	5.70B
Free Cash Flow Margin	+18.8%	+18.3%	+20.8%	+37.4%	+66.5%
Free Cash Flow Per Share	0.81	0.54	0.37	0.53	0.73
Payout Ratio	+20.5%	+25.7%	+34.7%	+44.3%	+49.3%
Preferred Dividends & Other Adjustments	103.29M	103.29M	103.29M	51.65M	—
Supplemental
Other Unusual Items	8.89M	36.55M	—	17.99M	132.61M