Gulf Cement

Gulf Cement Co.

GCEMStocksAbu Dhabi Securities ExchangeMaterials

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	565.15M	493.40M	462.72M	348.11M	340.64M
Cost of Revenue	485.72M	442.28M	484.56M	370.57M	377.11M
Gross Profit	79.43M	51.12M	-21.84M	-22.46M	-36.47M
SG&A	36.85M	29.27M	40.48M	34.92M	39.84M
Operating Expenses	92.99M	85.37M	28.25M	30.80M	35.69M
Operating Income	-13.56M	-34.24M	-50.09M	-53.26M	-72.16M
Interest Income	4.93M	4.62M	4.10M	—	11.21M
Interest Expense	-4.23M	-10.10M	—	-2.64M	-2.23M
Other Income/Expense	-0.09M	-1.72M	-5.61M	2.38M	3.50M
Pretax Income	-12.96M	-41.45M	-51.59M	-54.40M	-52.99M
Income Tax	-4.96M	—	—	—	—
Net Income	-7.99M	-41.45M	-51.59M	-54.40M	-52.99M
EBITDA	43.25M	23.74M	10.17M	1.82M	-27.21M
EBIT	-13.56M	-34.24M	-50.09M	-53.26M	-72.16M
EPS (Basic)	-0.02	-0.10	-0.13	-0.13	-0.13
EPS (Diluted)	-0.02	-0.10	-0.13	-0.13	-0.13
Margins & Efficiency
Gross Margin %	+14.1%	+10.4%	-4.7%	-6.5%	-10.7%
EBITDA Margin %	+7.7%	+4.8%	+2.2%	+0.5%	-8.0%
Net Margin %	-1.4%	-8.4%	-11.1%	-15.6%	-15.6%
Revenue & Income
Revenue	565.15M	493.40M	462.72M	348.11M	340.64M
Revenue Growth (YoY)	+14.5%	+6.6%	+32.9%	+2.2%	-1.5%
Operating Revenue	551.57M	480.82M	462.72M	348.11M	340.64M
Interest & Investment Income	4.93M	4.62M	4.10M	—	11.21M
Other Revenue	13.58M	12.58M	—	—	—
Gain (Loss) on Sale of Assets	—	—	—	—	6.69M
Gain (Loss) on Sale of Investments	—	—	—	-891.81K	—
Expenses & Provisions
Advertising Expenses	—	—	—	80.37K	134.21K
Cost of Revenue	485.72M	442.28M	484.56M	370.57M	377.11M
Selling, General & Admin	36.85M	29.27M	40.48M	34.92M	39.84M
Operating Expenses	92.99M	85.37M	28.25M	30.80M	35.69M
Other Operating Expenses	-1.23M	-2.09M	-12.11M	-5.23M	-3.93M
Interest Expense	-4.23M	-10.10M	—	-2.64M	-2.23M
Other Non Operating Income (Expenses)	-0.09M	-1.72M	-5.61M	2.38M	3.50M
D&A For EBITDA	56.81M	57.98M	60.26M	55.08M	44.95M
Profitability & Returns
Gross Profit	79.43M	51.12M	-21.84M	-22.46M	-36.47M
Gross Margin	+14.1%	+10.4%	-4.7%	-6.5%	-10.7%
EBIT	-13.56M	-34.24M	-50.09M	-53.26M	-72.16M
EBIT Margin	-2.4%	-6.9%	-10.8%	-15.3%	-21.2%
EBITDA	43.25M	23.74M	10.17M	1.82M	-27.21M
EBITDA Margin	+7.7%	+4.8%	+2.2%	+0.5%	-8.0%
EBT Excluding Unusual Items	-12.96M	-41.45M	-51.59M	-53.51M	-59.68M
Pretax Income	-12.96M	-41.45M	-51.59M	-54.40M	-52.99M
Operating Income	-13.56M	-34.24M	-50.09M	-53.26M	-72.16M
Operating Margin	-2.4%	-6.9%	-10.8%	-15.3%	-21.2%
Profit Margin	-1.4%	-8.4%	-11.2%	-15.6%	-15.6%
Net Income	-7.99M	-41.45M	-51.59M	-54.40M	-52.99M
Net Income to Common	-7.99M	-41.45M	-51.59M	-54.40M	-52.99M
Income Tax Expense	-4.96M	—	—	—	—
Per Share & Capital
EPS (Basic)	-0.02	-0.10	-0.13	-0.13	-0.13
EPS (Diluted)	-0.02	-0.10	-0.13	-0.13	-0.13
Shares Outstanding (Basic)	410.55M	410.55M	410.55M	410.55M	410.55M
Shares Outstanding (Diluted)	410.55M	410.55M	410.55M	410.55M	410.55M
Free Cash Flow	-54.97M	17.77M	-5.86M	-99.63M	36.75M
Free Cash Flow Margin	-9.7%	+3.6%	-1.3%	-28.6%	+10.8%
Free Cash Flow Per Share	-0.13	0.04	-0.01	-0.24	0.09

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	565.15M	493.40M	462.72M	348.11M	340.64M
Cost of Revenue	485.72M	442.28M	484.56M	370.57M	377.11M
Gross Profit	79.43M	51.12M	-21.84M	-22.46M	-36.47M
SG&A	36.85M	29.27M	40.48M	34.92M	39.84M
Operating Expenses	92.99M	85.37M	28.25M	30.80M	35.69M
Operating Income	-13.56M	-34.24M	-50.09M	-53.26M	-72.16M
Interest Income	4.93M	4.62M	4.10M	—	11.21M
Interest Expense	-4.23M	-10.10M	—	-2.64M	-2.23M
Other Income/Expense	-0.09M	-1.72M	-5.61M	2.38M	3.50M
Pretax Income	-12.96M	-41.45M	-51.59M	-54.40M	-52.99M
Income Tax	-4.96M	—	—	—	—
Net Income	-7.99M	-41.45M	-51.59M	-54.40M	-52.99M
EBITDA	43.25M	23.74M	10.17M	1.82M	-27.21M
EBIT	-13.56M	-34.24M	-50.09M	-53.26M	-72.16M
EPS (Basic)	-0.02	-0.10	-0.13	-0.13	-0.13
EPS (Diluted)	-0.02	-0.10	-0.13	-0.13	-0.13
Margins & Efficiency
Gross Margin %	+14.1%	+10.4%	-4.7%	-6.5%	-10.7%
EBITDA Margin %	+7.7%	+4.8%	+2.2%	+0.5%	-8.0%
Net Margin %	-1.4%	-8.4%	-11.1%	-15.6%	-15.6%
Revenue & Income
Revenue	565.15M	493.40M	462.72M	348.11M	340.64M
Revenue Growth (YoY)	+14.5%	+6.6%	+32.9%	+2.2%	-1.5%
Operating Revenue	551.57M	480.82M	462.72M	348.11M	340.64M
Interest & Investment Income	4.93M	4.62M	4.10M	—	11.21M
Other Revenue	13.58M	12.58M	—	—	—
Gain (Loss) on Sale of Assets	—	—	—	—	6.69M
Gain (Loss) on Sale of Investments	—	—	—	-891.81K	—
Expenses & Provisions
Advertising Expenses	—	—	—	80.37K	134.21K
Cost of Revenue	485.72M	442.28M	484.56M	370.57M	377.11M
Selling, General & Admin	36.85M	29.27M	40.48M	34.92M	39.84M
Operating Expenses	92.99M	85.37M	28.25M	30.80M	35.69M
Other Operating Expenses	-1.23M	-2.09M	-12.11M	-5.23M	-3.93M
Interest Expense	-4.23M	-10.10M	—	-2.64M	-2.23M
Other Non Operating Income (Expenses)	-0.09M	-1.72M	-5.61M	2.38M	3.50M
D&A For EBITDA	56.81M	57.98M	60.26M	55.08M	44.95M
Profitability & Returns
Gross Profit	79.43M	51.12M	-21.84M	-22.46M	-36.47M
Gross Margin	+14.1%	+10.4%	-4.7%	-6.5%	-10.7%
EBIT	-13.56M	-34.24M	-50.09M	-53.26M	-72.16M
EBIT Margin	-2.4%	-6.9%	-10.8%	-15.3%	-21.2%
EBITDA	43.25M	23.74M	10.17M	1.82M	-27.21M
EBITDA Margin	+7.7%	+4.8%	+2.2%	+0.5%	-8.0%
EBT Excluding Unusual Items	-12.96M	-41.45M	-51.59M	-53.51M	-59.68M
Pretax Income	-12.96M	-41.45M	-51.59M	-54.40M	-52.99M
Operating Income	-13.56M	-34.24M	-50.09M	-53.26M	-72.16M
Operating Margin	-2.4%	-6.9%	-10.8%	-15.3%	-21.2%
Profit Margin	-1.4%	-8.4%	-11.2%	-15.6%	-15.6%
Net Income	-7.99M	-41.45M	-51.59M	-54.40M	-52.99M
Net Income to Common	-7.99M	-41.45M	-51.59M	-54.40M	-52.99M
Income Tax Expense	-4.96M	—	—	—	—
Per Share & Capital
EPS (Basic)	-0.02	-0.10	-0.13	-0.13	-0.13
EPS (Diluted)	-0.02	-0.10	-0.13	-0.13	-0.13
Shares Outstanding (Basic)	410.55M	410.55M	410.55M	410.55M	410.55M
Shares Outstanding (Diluted)	410.55M	410.55M	410.55M	410.55M	410.55M
Free Cash Flow	-54.97M	17.77M	-5.86M	-99.63M	36.75M
Free Cash Flow Margin	-9.7%	+3.6%	-1.3%	-28.6%	+10.8%
Free Cash Flow Per Share	-0.13	0.04	-0.01	-0.24	0.09