Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual (AED)

1-5

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Operating Summary
Revenue	5.58B	4.92B	4.56B	2.28B	0.55B
Cost of Revenue	4.42B	3.98B	3.78B	1.90B	0.48B
Gross Profit	1.16B	0.94B	0.78B	0.38B	0.06B
SG&A	800.27M	662.26M	518.68M	200.85M	34.95M
Operating Expenses	871.18M	745.01M	570.41M	226.97M	34.95M
Operating Income	287.48M	193.42M	206.51M	156.35M	28.18M
Interest Income	13.39M	21.52M	19.92M	3.52M	—
Interest Expense	-85.83M	-74.64M	-67.06M	-11.18M	-1.70M
Other Income/Expense	-2.49M	-2.99M	-2.87M	-2.21M	1.30M
Pretax Income	0.24B	2.88B	0.09B	0.33B	0.06B
Income Tax	30.77M	14.63M	31.90M	-0.36M	—
Net Income	0.04B	2.56B	0.03B	0.28B	0.06B
EBITDA	542.90M	405.36M	372.84M	232.98M	35.43M
EBIT	287.48M	193.42M	206.51M	156.35M	28.18M
EPS (Basic)	0.15	10.58	0.13	1.44	0.58
EPS (Diluted)	0.15	10.58	0.13	1.44	0.58
Margins & Efficiency
Gross Margin %	+20.8%	+19.1%	+17.0%	+16.8%	+11.6%
EBITDA Margin %	+9.7%	+8.2%	+8.2%	+10.2%	+6.5%
Net Margin %	+0.7%	+52.0%	+0.7%	+12.4%	+10.6%
Revenue & Income
Revenue	5.58B	4.92B	4.56B	2.28B	0.55B
Revenue Growth (YoY)	+13.5%	+7.8%	+100.2%	+317.6%	+88.8%
Interest & Investment Income	13.39M	21.52M	19.92M	3.52M	—
Earnings From Equity Investments	49.32M	49.07M	38.69M	-21.52M	—
Gain (Loss) on Sale of Assets	-0.01B	2.64B	0.02B	—	—
Gain (Loss) on Sale of Investments	-0.67M	-23.42M	-126.56M	187.30M	31.92M
Expenses & Provisions
Advertising Expenses	—	—	18.53M	7.61M	—
Cost of Revenue	4.42B	3.98B	3.78B	1.90B	0.48B
Selling, General & Admin	800.27M	662.26M	518.68M	200.85M	34.95M
Operating Expenses	871.18M	745.01M	570.41M	226.97M	34.95M
Other Operating Expenses	-39.16M	-34.66M	-22.15M	-14.25M	—
Interest Expense	-85.83M	-74.64M	-67.06M	-11.18M	-1.70M
Other Non Operating Income (Expenses)	-2.49M	-2.99M	-2.87M	-2.21M	1.30M
Merger & Restructuring Charges	-7.12M	—	—	-0.13M	—
Asset Writedown	—	—	—	20.01M	—
Amortization of Goodwill & Intangibles	24.70M	17.22M	16.24M	7.93M	—
D&A For EBITDA	255.41M	211.94M	166.33M	76.62M	7.25M
Profitability & Returns
Gross Profit	1.16B	0.94B	0.78B	0.38B	0.06B
Gross Margin	+20.8%	+19.1%	+17.0%	+16.8%	+11.6%
EBIT	287.48M	193.42M	206.51M	156.35M	28.18M
EBIT Margin	+5.2%	+3.9%	+4.5%	+6.9%	+5.2%
EBITDA	542.90M	405.36M	372.84M	232.98M	35.43M
EBITDA Margin	+9.7%	+8.2%	+8.2%	+10.2%	+6.5%
EBT Excluding Unusual Items	261.87M	186.39M	195.18M	124.97M	27.79M
Pretax Income	0.24B	2.88B	0.09B	0.33B	0.06B
Operating Income	287.48M	193.42M	206.51M	156.35M	28.18M
Operating Margin	+5.2%	+3.9%	+4.5%	+6.9%	+5.2%
Profit Margin	+0.7%	+52.0%	+0.7%	+12.4%	+10.6%
Net Income	0.04B	2.56B	0.03B	0.28B	0.06B
Net Income to Common	0.04B	2.56B	0.03B	0.28B	0.06B
Net Income to Company	0.09B	2.67B	0.04B	0.33B	0.06B
Net Income Growth	-98.6%	+8,327.7%	-89.2%	+388.9%	+368.7%
Earnings From Continuing Ops.	0.21B	2.86B	0.06B	0.33B	0.06B
Earnings From Discontinued Ops.	-122.74M	-188.09M	-12.41M	—	—
Minority Interest in Earnings	-53.41M	-116.60M	-12.86M	-50.78M	-2.09M
Income Tax Expense	30.77M	14.63M	31.90M	-0.36M	—
Effective Tax Rate	+12.6%	+0.5%	+36.5%	—	—
Per Share & Capital
EPS (Basic)	0.15	10.58	0.13	1.44	0.58
EPS (Diluted)	0.15	10.58	0.13	1.44	0.58
EPS Growth	-98.6%	+8,327.7%	-91.3%	+150.3%	+368.7%
Shares Change (YoY)	—	—	0.24	0.95	—
Shares Outstanding (Basic)	241.60M	241.60M	241.60M	195.31M	100.00M
Shares Outstanding (Diluted)	241.60M	241.60M	241.60M	195.31M	100.00M
Free Cash Flow	167.60M	214.14M	232.41M	55.24M	37.46M
Free Cash Flow Margin	+3.0%	+4.4%	+5.1%	+2.4%	+6.9%
Free Cash Flow Per Share	0.69	0.89	0.96	0.28	0.38
Supplemental
Other Unusual Items	0.57M	71.80M	—	—	—

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (AED)

1-5

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Operating Summary
Revenue	5.58B	4.92B	4.56B	2.28B	0.55B
Cost of Revenue	4.42B	3.98B	3.78B	1.90B	0.48B
Gross Profit	1.16B	0.94B	0.78B	0.38B	0.06B
SG&A	800.27M	662.26M	518.68M	200.85M	34.95M
Operating Expenses	871.18M	745.01M	570.41M	226.97M	34.95M
Operating Income	287.48M	193.42M	206.51M	156.35M	28.18M
Interest Income	13.39M	21.52M	19.92M	3.52M	—
Interest Expense	-85.83M	-74.64M	-67.06M	-11.18M	-1.70M
Other Income/Expense	-2.49M	-2.99M	-2.87M	-2.21M	1.30M
Pretax Income	0.24B	2.88B	0.09B	0.33B	0.06B
Income Tax	30.77M	14.63M	31.90M	-0.36M	—
Net Income	0.04B	2.56B	0.03B	0.28B	0.06B
EBITDA	542.90M	405.36M	372.84M	232.98M	35.43M
EBIT	287.48M	193.42M	206.51M	156.35M	28.18M
EPS (Basic)	0.15	10.58	0.13	1.44	0.58
EPS (Diluted)	0.15	10.58	0.13	1.44	0.58
Margins & Efficiency
Gross Margin %	+20.8%	+19.1%	+17.0%	+16.8%	+11.6%
EBITDA Margin %	+9.7%	+8.2%	+8.2%	+10.2%	+6.5%
Net Margin %	+0.7%	+52.0%	+0.7%	+12.4%	+10.6%
Revenue & Income
Revenue	5.58B	4.92B	4.56B	2.28B	0.55B
Revenue Growth (YoY)	+13.5%	+7.8%	+100.2%	+317.6%	+88.8%
Interest & Investment Income	13.39M	21.52M	19.92M	3.52M	—
Earnings From Equity Investments	49.32M	49.07M	38.69M	-21.52M	—
Gain (Loss) on Sale of Assets	-0.01B	2.64B	0.02B	—	—
Gain (Loss) on Sale of Investments	-0.67M	-23.42M	-126.56M	187.30M	31.92M
Expenses & Provisions
Advertising Expenses	—	—	18.53M	7.61M	—
Cost of Revenue	4.42B	3.98B	3.78B	1.90B	0.48B
Selling, General & Admin	800.27M	662.26M	518.68M	200.85M	34.95M
Operating Expenses	871.18M	745.01M	570.41M	226.97M	34.95M
Other Operating Expenses	-39.16M	-34.66M	-22.15M	-14.25M	—
Interest Expense	-85.83M	-74.64M	-67.06M	-11.18M	-1.70M
Other Non Operating Income (Expenses)	-2.49M	-2.99M	-2.87M	-2.21M	1.30M
Merger & Restructuring Charges	-7.12M	—	—	-0.13M	—
Asset Writedown	—	—	—	20.01M	—
Amortization of Goodwill & Intangibles	24.70M	17.22M	16.24M	7.93M	—
D&A For EBITDA	255.41M	211.94M	166.33M	76.62M	7.25M
Profitability & Returns
Gross Profit	1.16B	0.94B	0.78B	0.38B	0.06B
Gross Margin	+20.8%	+19.1%	+17.0%	+16.8%	+11.6%
EBIT	287.48M	193.42M	206.51M	156.35M	28.18M
EBIT Margin	+5.2%	+3.9%	+4.5%	+6.9%	+5.2%
EBITDA	542.90M	405.36M	372.84M	232.98M	35.43M
EBITDA Margin	+9.7%	+8.2%	+8.2%	+10.2%	+6.5%
EBT Excluding Unusual Items	261.87M	186.39M	195.18M	124.97M	27.79M
Pretax Income	0.24B	2.88B	0.09B	0.33B	0.06B
Operating Income	287.48M	193.42M	206.51M	156.35M	28.18M
Operating Margin	+5.2%	+3.9%	+4.5%	+6.9%	+5.2%
Profit Margin	+0.7%	+52.0%	+0.7%	+12.4%	+10.6%
Net Income	0.04B	2.56B	0.03B	0.28B	0.06B
Net Income to Common	0.04B	2.56B	0.03B	0.28B	0.06B
Net Income to Company	0.09B	2.67B	0.04B	0.33B	0.06B
Net Income Growth	-98.6%	+8,327.7%	-89.2%	+388.9%	+368.7%
Earnings From Continuing Ops.	0.21B	2.86B	0.06B	0.33B	0.06B
Earnings From Discontinued Ops.	-122.74M	-188.09M	-12.41M	—	—
Minority Interest in Earnings	-53.41M	-116.60M	-12.86M	-50.78M	-2.09M
Income Tax Expense	30.77M	14.63M	31.90M	-0.36M	—
Effective Tax Rate	+12.6%	+0.5%	+36.5%	—	—
Per Share & Capital
EPS (Basic)	0.15	10.58	0.13	1.44	0.58
EPS (Diluted)	0.15	10.58	0.13	1.44	0.58
EPS Growth	-98.6%	+8,327.7%	-91.3%	+150.3%	+368.7%
Shares Change (YoY)	—	—	0.24	0.95	—
Shares Outstanding (Basic)	241.60M	241.60M	241.60M	195.31M	100.00M
Shares Outstanding (Diluted)	241.60M	241.60M	241.60M	195.31M	100.00M
Free Cash Flow	167.60M	214.14M	232.41M	55.24M	37.46M
Free Cash Flow Margin	+3.0%	+4.4%	+5.1%	+2.4%	+6.9%
Free Cash Flow Per Share	0.69	0.89	0.96	0.28	0.38
Supplemental
Other Unusual Items	0.57M	71.80M	—	—	—

Financials

Annual (AED)

GHITHA HOLDING

Annual (AED)