Lulu Retail Holdings PLC

LULUStocksAbu Dhabi Securities ExchangeConsumer Discretionary

Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

USD AED

Annual (USD)

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Operating Summary
Revenue	7.93B	7.62B	7.28B	6.89B	6.31B
Cost of Revenue	6.15B	5.90B	5.64B	5.38B	4.94B
Gross Profit	1.78B	1.72B	1.64B	1.52B	1.37B
SG&A	1.27B	1.21B	1.11B	1.06B	0.98B
Operating Expenses	1.39B	1.32B	1.30B	1.22B	1.15B
Operating Income	392.81M	407.18M	336.76M	297.79M	223.03M
Interest Income	2.43M	0.29M	117.08M	0.30M	0.32M
Interest Expense	-158.86M	-157.84M	-258.18M	-232.98M	-173.16M
Other Income/Expense	-5.77M	-11.83M	-12.30M	-14.28M	-15.74M
Pretax Income	232.03M	238.58M	214.72M	51.08M	35.98M
Income Tax	27.50M	22.30M	22.67M	14.91M	12.18M
Net Income	204.53M	249.20M	221.77M	14.05M	7.55M
EBITDA	561.38M	570.67M	493.53M	448.39M	374.33M
EBIT	392.81M	407.18M	336.76M	297.79M	223.03M
EPS (Basic)	0.02	0.02	0.02	0.00	0.00
EPS (Diluted)	0.02	0.02	0.02	0.00	0.00
DPS	0.02	0.01	—	—	—
Margins & Efficiency
Gross Margin %	+22.4%	+22.6%	+22.5%	+22.0%	+21.7%
EBITDA Margin %	+7.1%	+7.5%	+6.8%	+6.5%	+5.9%
Net Margin %	+2.6%	+3.3%	+3.0%	+0.2%	+0.1%
Revenue & Income
Revenue	7.93B	7.62B	7.28B	6.89B	6.31B
Revenue Growth (YoY)	+4.1%	+4.7%	+5.6%	+9.2%	—
Interest & Investment Income	2.43M	0.29M	117.08M	0.30M	0.32M
Gain (Loss) on Sale of Assets	0.44M	0.64M	—	0.14M	1.32M
Expenses & Provisions
Advertising Expenses	72.66M	49.05M	44.83M	49.58M	44.64M
Cost of Revenue	6.15B	5.90B	5.64B	5.38B	4.94B
Selling, General & Admin	1.27B	1.21B	1.11B	1.06B	0.98B
Operating Expenses	1.39B	1.32B	1.30B	1.22B	1.15B
Other Operating Expenses	-274.08M	-277.64M	-221.41M	-243.04M	-219.33M
Interest Expense	-158.86M	-157.84M	-258.18M	-232.98M	-173.16M
Other Non Operating Income (Expenses)	-5.77M	-11.83M	-12.30M	-14.28M	-15.74M
D&A For EBITDA	168.57M	163.48M	156.78M	150.60M	151.30M
Profitability & Returns
Gross Profit	1.78B	1.72B	1.64B	1.52B	1.37B
Gross Margin	+22.4%	+22.6%	+22.5%	+22.0%	+21.7%
EBIT	392.81M	407.18M	336.76M	297.79M	223.03M
EBIT Margin	+5.0%	+5.3%	+4.6%	+4.3%	+3.5%
EBITDA	561.38M	570.67M	493.53M	448.39M	374.33M
EBITDA Margin	+7.1%	+7.5%	+6.8%	+6.5%	+5.9%
EBT Excluding Unusual Items	230.61M	237.81M	183.35M	50.83M	34.46M
Pretax Income	232.03M	238.58M	214.72M	51.08M	35.98M
Operating Income	392.81M	407.18M	336.76M	297.79M	223.03M
Operating Margin	+5.0%	+5.3%	+4.6%	+4.3%	+3.5%
Profit Margin	+2.6%	+3.3%	+3.0%	+0.2%	+0.1%
Net Income	204.53M	249.20M	221.77M	14.05M	7.55M
Net Income to Common	204.53M	249.20M	221.77M	14.05M	7.55M
Net Income Growth	-17.9%	+12.4%	+1,478.1%	+86.0%	—
Earnings From Continuing Ops.	204.53M	216.28M	192.04M	36.17M	23.81M
Earnings From Discontinued Ops.	—	32.92M	29.72M	-22.12M	-16.25M
Income Tax Expense	27.50M	22.30M	22.67M	14.91M	12.18M
Effective Tax Rate	+11.9%	+9.3%	+10.6%	+29.2%	+33.8%
Per Share & Capital
EPS (Basic)	0.02	0.02	0.02	0.00	0.00
EPS (Diluted)	0.02	0.02	0.02	0.00	0.00
EPS Growth	-17.9%	+12.4%	+1,478.7%	+86.0%	—
Dividend Per Share	0.02	0.01	—	—	—
Shares Outstanding (Basic)	10.33B	10.33B	10.33B	10.33B	10.33B
Shares Outstanding (Diluted)	10.33B	10.33B	10.33B	10.33B	10.33B
Dividend Growth	+132.4%	—	—	—	—
Free Cash Flow	457.86M	216.42M	-15.72M	40.13M	238.18M
Free Cash Flow Margin	+5.8%	+2.8%	-0.2%	+0.6%	+3.8%
Free Cash Flow Per Share	0.04	0.02	-0.00	0.00	0.02
Payout Ratio	+89.4%	—	—	+217.0%	+490.9%
Supplemental
Other Unusual Items	0.98M	0.14M	31.36M	0.12M	0.20M

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

USD AED

Annual (USD)

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Operating Summary
Revenue	7.93B	7.62B	7.28B	6.89B	6.31B
Cost of Revenue	6.15B	5.90B	5.64B	5.38B	4.94B
Gross Profit	1.78B	1.72B	1.64B	1.52B	1.37B
SG&A	1.27B	1.21B	1.11B	1.06B	0.98B
Operating Expenses	1.39B	1.32B	1.30B	1.22B	1.15B
Operating Income	392.81M	407.18M	336.76M	297.79M	223.03M
Interest Income	2.43M	0.29M	117.08M	0.30M	0.32M
Interest Expense	-158.86M	-157.84M	-258.18M	-232.98M	-173.16M
Other Income/Expense	-5.77M	-11.83M	-12.30M	-14.28M	-15.74M
Pretax Income	232.03M	238.58M	214.72M	51.08M	35.98M
Income Tax	27.50M	22.30M	22.67M	14.91M	12.18M
Net Income	204.53M	249.20M	221.77M	14.05M	7.55M
EBITDA	561.38M	570.67M	493.53M	448.39M	374.33M
EBIT	392.81M	407.18M	336.76M	297.79M	223.03M
EPS (Basic)	0.02	0.02	0.02	0.00	0.00
EPS (Diluted)	0.02	0.02	0.02	0.00	0.00
DPS	0.02	0.01	—	—	—
Margins & Efficiency
Gross Margin %	+22.4%	+22.6%	+22.5%	+22.0%	+21.7%
EBITDA Margin %	+7.1%	+7.5%	+6.8%	+6.5%	+5.9%
Net Margin %	+2.6%	+3.3%	+3.0%	+0.2%	+0.1%
Revenue & Income
Revenue	7.93B	7.62B	7.28B	6.89B	6.31B
Revenue Growth (YoY)	+4.1%	+4.7%	+5.6%	+9.2%	—
Interest & Investment Income	2.43M	0.29M	117.08M	0.30M	0.32M
Gain (Loss) on Sale of Assets	0.44M	0.64M	—	0.14M	1.32M
Expenses & Provisions
Advertising Expenses	72.66M	49.05M	44.83M	49.58M	44.64M
Cost of Revenue	6.15B	5.90B	5.64B	5.38B	4.94B
Selling, General & Admin	1.27B	1.21B	1.11B	1.06B	0.98B
Operating Expenses	1.39B	1.32B	1.30B	1.22B	1.15B
Other Operating Expenses	-274.08M	-277.64M	-221.41M	-243.04M	-219.33M
Interest Expense	-158.86M	-157.84M	-258.18M	-232.98M	-173.16M
Other Non Operating Income (Expenses)	-5.77M	-11.83M	-12.30M	-14.28M	-15.74M
D&A For EBITDA	168.57M	163.48M	156.78M	150.60M	151.30M
Profitability & Returns
Gross Profit	1.78B	1.72B	1.64B	1.52B	1.37B
Gross Margin	+22.4%	+22.6%	+22.5%	+22.0%	+21.7%
EBIT	392.81M	407.18M	336.76M	297.79M	223.03M
EBIT Margin	+5.0%	+5.3%	+4.6%	+4.3%	+3.5%
EBITDA	561.38M	570.67M	493.53M	448.39M	374.33M
EBITDA Margin	+7.1%	+7.5%	+6.8%	+6.5%	+5.9%
EBT Excluding Unusual Items	230.61M	237.81M	183.35M	50.83M	34.46M
Pretax Income	232.03M	238.58M	214.72M	51.08M	35.98M
Operating Income	392.81M	407.18M	336.76M	297.79M	223.03M
Operating Margin	+5.0%	+5.3%	+4.6%	+4.3%	+3.5%
Profit Margin	+2.6%	+3.3%	+3.0%	+0.2%	+0.1%
Net Income	204.53M	249.20M	221.77M	14.05M	7.55M
Net Income to Common	204.53M	249.20M	221.77M	14.05M	7.55M
Net Income Growth	-17.9%	+12.4%	+1,478.1%	+86.0%	—
Earnings From Continuing Ops.	204.53M	216.28M	192.04M	36.17M	23.81M
Earnings From Discontinued Ops.	—	32.92M	29.72M	-22.12M	-16.25M
Income Tax Expense	27.50M	22.30M	22.67M	14.91M	12.18M
Effective Tax Rate	+11.9%	+9.3%	+10.6%	+29.2%	+33.8%
Per Share & Capital
EPS (Basic)	0.02	0.02	0.02	0.00	0.00
EPS (Diluted)	0.02	0.02	0.02	0.00	0.00
EPS Growth	-17.9%	+12.4%	+1,478.7%	+86.0%	—
Dividend Per Share	0.02	0.01	—	—	—
Shares Outstanding (Basic)	10.33B	10.33B	10.33B	10.33B	10.33B
Shares Outstanding (Diluted)	10.33B	10.33B	10.33B	10.33B	10.33B
Dividend Growth	+132.4%	—	—	—	—
Free Cash Flow	457.86M	216.42M	-15.72M	40.13M	238.18M
Free Cash Flow Margin	+5.8%	+2.8%	-0.2%	+0.6%	+3.8%
Free Cash Flow Per Share	0.04	0.02	-0.00	0.00	0.02
Payout Ratio	+89.4%	—	—	+217.0%	+490.9%
Supplemental
Other Unusual Items	0.98M	0.14M	31.36M	0.12M	0.20M