ESG EMIRATES STALLIONS GROUP

ESG EMIRATES STALLIONS GROUP P.J.S.C

ESGStocksAbu 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	1.77B	1.27B	0.61B	0.36B	0.35B
Cost of Revenue	1.16B	0.84B	0.44B	0.27B	0.29B
Gross Profit	608.73M	436.32M	167.87M	84.23M	62.23M
SG&A	294.61M	257.77M	85.65M	36.50M	31.37M
Operating Expenses	294.61M	257.77M	85.65M	36.50M	31.37M
Operating Income	314.12M	178.55M	82.23M	47.73M	30.86M
Interest Income	6.30M	10.14M	8.51M	2.92M	0.98M
Interest Expense	-14.40M	-11.69M	-3.22M	-0.16M	-0.61M
Other Income/Expense	22.47M	17.28M	3.03M	1.00M	6.59M
Pretax Income	385.12M	247.53M	681.30M	122.74M	65.99M
Income Tax	43.00M	16.64M	-0.45M	—	—
Net Income	300.15M	225.16M	671.42M	148.21M	63.09M
EBITDA	356.16M	215.90M	93.76M	52.20M	32.54M
EBIT	314.12M	178.55M	82.23M	47.73M	30.86M
EPS (Basic)	1.20	0.90	2.69	0.59	0.25
EPS (Diluted)	1.20	0.90	2.69	0.59	0.25
Margins & Efficiency
Gross Margin %	+34.4%	+34.3%	+27.5%	+23.6%	+17.7%
EBITDA Margin %	+20.1%	+17.0%	+15.4%	+14.6%	+9.2%
Net Margin %	+16.9%	+17.7%	+110.2%	+41.5%	+17.9%
Revenue & Income
Revenue	1.77B	1.27B	0.61B	0.36B	0.35B
Revenue Growth (YoY)	+39.1%	+109.0%	+70.5%	+1.4%	+171.1%
Interest & Investment Income	6.30M	10.14M	8.51M	2.92M	0.98M
Earnings From Equity Investments	49.08M	36.84M	28.00M	10.74M	3.16M
Gain (Loss) on Sale of Assets	0.27M	-3.77M	137.04M	5.70M	—
Gain (Loss) on Sale of Investments	0.06M	18.66M	416.09M	54.82M	25.00M
Expenses & Provisions
Advertising Expenses	13.55M	19.66M	4.68M	—	—
Cost of Revenue	1.16B	0.84B	0.44B	0.27B	0.29B
Selling, General & Admin	294.61M	257.77M	85.65M	36.50M	31.37M
Operating Expenses	294.61M	257.77M	85.65M	36.50M	31.37M
Interest Expense	-14.40M	-11.69M	-3.22M	-0.16M	-0.61M
Other Non Operating Income (Expenses)	22.47M	17.28M	3.03M	1.00M	6.59M
Asset Writedown	1.52M	1.20M	8.78M	—	—
D&A For EBITDA	42.05M	37.34M	11.53M	4.48M	1.68M
Profitability & Returns
Gross Profit	608.73M	436.32M	167.87M	84.23M	62.23M
Gross Margin	+34.4%	+34.3%	+27.5%	+23.6%	+17.7%
EBIT	314.12M	178.55M	82.23M	47.73M	30.86M
EBIT Margin	+17.7%	+14.0%	+13.5%	+13.4%	+8.8%
EBITDA	356.16M	215.90M	93.76M	52.20M	32.54M
EBITDA Margin	+20.1%	+17.0%	+15.4%	+14.6%	+9.2%
EBT Excluding Unusual Items	377.56M	231.12M	118.55M	62.22M	40.99M
Pretax Income	385.12M	247.53M	681.30M	122.74M	65.99M
Operating Income	314.12M	178.55M	82.23M	47.73M	30.86M
Operating Margin	+17.7%	+14.0%	+13.5%	+13.4%	+8.8%
Profit Margin	+16.9%	+17.7%	+110.2%	+41.5%	+17.9%
Net Income	300.15M	225.16M	671.42M	148.21M	63.09M
Net Income to Common	300.15M	225.16M	671.42M	148.21M	63.09M
Net Income to Company	342.12M	230.88M	685.16M	152.48M	65.99M
Net Income Growth	+33.3%	-66.5%	+353.0%	+134.9%	+218.8%
Earnings From Continuing Ops.	342.12M	230.88M	681.75M	122.74M	65.99M
Earnings From Discontinued Ops.	—	—	3.42M	29.75M	—
Minority Interest in Earnings	-41.97M	-5.72M	-13.75M	-4.28M	-2.90M
Income Tax Expense	43.00M	16.64M	-0.45M	—	—
Effective Tax Rate	+11.2%	+6.7%	—	—	—
Per Share & Capital
EPS (Basic)	1.20	0.90	2.69	0.59	0.25
EPS (Diluted)	1.20	0.90	2.69	0.59	0.25
EPS Growth	+33.3%	-66.5%	+353.0%	+134.9%	+218.8%
Shares Outstanding (Basic)	250.00M	250.00M	250.00M	250.00M	250.00M
Shares Outstanding (Diluted)	250.00M	250.00M	250.00M	250.00M	250.00M
Free Cash Flow	295.24M	0.95M	-74.64M	82.54M	17.95M
Free Cash Flow Margin	+16.7%	+0.1%	-12.3%	+23.1%	+5.1%
Free Cash Flow Per Share	1.18	0.00	-0.30	0.33	0.07
Supplemental
Other Unusual Items	5.70M	0.31M	0.83M	—	—

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	1.77B	1.27B	0.61B	0.36B	0.35B
Cost of Revenue	1.16B	0.84B	0.44B	0.27B	0.29B
Gross Profit	608.73M	436.32M	167.87M	84.23M	62.23M
SG&A	294.61M	257.77M	85.65M	36.50M	31.37M
Operating Expenses	294.61M	257.77M	85.65M	36.50M	31.37M
Operating Income	314.12M	178.55M	82.23M	47.73M	30.86M
Interest Income	6.30M	10.14M	8.51M	2.92M	0.98M
Interest Expense	-14.40M	-11.69M	-3.22M	-0.16M	-0.61M
Other Income/Expense	22.47M	17.28M	3.03M	1.00M	6.59M
Pretax Income	385.12M	247.53M	681.30M	122.74M	65.99M
Income Tax	43.00M	16.64M	-0.45M	—	—
Net Income	300.15M	225.16M	671.42M	148.21M	63.09M
EBITDA	356.16M	215.90M	93.76M	52.20M	32.54M
EBIT	314.12M	178.55M	82.23M	47.73M	30.86M
EPS (Basic)	1.20	0.90	2.69	0.59	0.25
EPS (Diluted)	1.20	0.90	2.69	0.59	0.25
Margins & Efficiency
Gross Margin %	+34.4%	+34.3%	+27.5%	+23.6%	+17.7%
EBITDA Margin %	+20.1%	+17.0%	+15.4%	+14.6%	+9.2%
Net Margin %	+16.9%	+17.7%	+110.2%	+41.5%	+17.9%
Revenue & Income
Revenue	1.77B	1.27B	0.61B	0.36B	0.35B
Revenue Growth (YoY)	+39.1%	+109.0%	+70.5%	+1.4%	+171.1%
Interest & Investment Income	6.30M	10.14M	8.51M	2.92M	0.98M
Earnings From Equity Investments	49.08M	36.84M	28.00M	10.74M	3.16M
Gain (Loss) on Sale of Assets	0.27M	-3.77M	137.04M	5.70M	—
Gain (Loss) on Sale of Investments	0.06M	18.66M	416.09M	54.82M	25.00M
Expenses & Provisions
Advertising Expenses	13.55M	19.66M	4.68M	—	—
Cost of Revenue	1.16B	0.84B	0.44B	0.27B	0.29B
Selling, General & Admin	294.61M	257.77M	85.65M	36.50M	31.37M
Operating Expenses	294.61M	257.77M	85.65M	36.50M	31.37M
Interest Expense	-14.40M	-11.69M	-3.22M	-0.16M	-0.61M
Other Non Operating Income (Expenses)	22.47M	17.28M	3.03M	1.00M	6.59M
Asset Writedown	1.52M	1.20M	8.78M	—	—
D&A For EBITDA	42.05M	37.34M	11.53M	4.48M	1.68M
Profitability & Returns
Gross Profit	608.73M	436.32M	167.87M	84.23M	62.23M
Gross Margin	+34.4%	+34.3%	+27.5%	+23.6%	+17.7%
EBIT	314.12M	178.55M	82.23M	47.73M	30.86M
EBIT Margin	+17.7%	+14.0%	+13.5%	+13.4%	+8.8%
EBITDA	356.16M	215.90M	93.76M	52.20M	32.54M
EBITDA Margin	+20.1%	+17.0%	+15.4%	+14.6%	+9.2%
EBT Excluding Unusual Items	377.56M	231.12M	118.55M	62.22M	40.99M
Pretax Income	385.12M	247.53M	681.30M	122.74M	65.99M
Operating Income	314.12M	178.55M	82.23M	47.73M	30.86M
Operating Margin	+17.7%	+14.0%	+13.5%	+13.4%	+8.8%
Profit Margin	+16.9%	+17.7%	+110.2%	+41.5%	+17.9%
Net Income	300.15M	225.16M	671.42M	148.21M	63.09M
Net Income to Common	300.15M	225.16M	671.42M	148.21M	63.09M
Net Income to Company	342.12M	230.88M	685.16M	152.48M	65.99M
Net Income Growth	+33.3%	-66.5%	+353.0%	+134.9%	+218.8%
Earnings From Continuing Ops.	342.12M	230.88M	681.75M	122.74M	65.99M
Earnings From Discontinued Ops.	—	—	3.42M	29.75M	—
Minority Interest in Earnings	-41.97M	-5.72M	-13.75M	-4.28M	-2.90M
Income Tax Expense	43.00M	16.64M	-0.45M	—	—
Effective Tax Rate	+11.2%	+6.7%	—	—	—
Per Share & Capital
EPS (Basic)	1.20	0.90	2.69	0.59	0.25
EPS (Diluted)	1.20	0.90	2.69	0.59	0.25
EPS Growth	+33.3%	-66.5%	+353.0%	+134.9%	+218.8%
Shares Outstanding (Basic)	250.00M	250.00M	250.00M	250.00M	250.00M
Shares Outstanding (Diluted)	250.00M	250.00M	250.00M	250.00M	250.00M
Free Cash Flow	295.24M	0.95M	-74.64M	82.54M	17.95M
Free Cash Flow Margin	+16.7%	+0.1%	-12.3%	+23.1%	+5.1%
Free Cash Flow Per Share	1.18	0.00	-0.30	0.33	0.07
Supplemental
Other Unusual Items	5.70M	0.31M	0.83M	—	—