MAIR

MAIR GROUP - P.J.S.C.

MAIRStocksAbu Dhabi Securities ExchangeDiversified Financials

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	1.96B	2.06B	1.35B	1.07B	1.14B
Cost of Revenue	1.30B	1.37B	0.89B	0.78B	0.82B
Gross Profit	652.44M	685.35M	458.20M	289.40M	317.86M
SG&A	439.79M	419.79M	265.20M	148.30M	157.04M
Operating Expenses	540.25M	570.61M	351.65M	270.66M	247.44M
Operating Income	112.19M	114.74M	106.56M	18.74M	70.42M
Interest Income	10.04M	39.52M	8.05M	195.02M	51.11M
Interest Expense	-26.14M	-83.95M	-64.34M	-28.87M	-23.33M
Other Income/Expense	9.95M	3.53M	-11.46M	133.44M	14.07M
Pretax Income	208.78M	165.89M	31.08M	211.30M	112.27M
Income Tax	17.97M	12.68M	—	—	—
Net Income	190.81M	171.15M	25.86M	211.30M	112.27M
EBITDA	154.30M	173.01M	133.70M	39.74M	90.07M
EBIT	112.19M	114.74M	106.56M	18.74M	70.42M
EPS (Basic)	0.09	0.08	0.03	0.28	—
EPS (Diluted)	0.09	0.08	0.03	0.28	—
DPS	0.04	0.06	0.06	0.08	0.15
Margins & Efficiency
Gross Margin %	+33.4%	+33.3%	+33.9%	+27.1%	+28.0%
EBITDA Margin %	+7.9%	+8.4%	+9.9%	+3.7%	+7.9%
Net Margin %	+9.8%	+8.3%	+1.9%	+19.8%	+9.9%
Revenue & Income
Revenue	1.96B	2.06B	1.35B	1.07B	1.14B
Revenue as Reported	1.96B	2.06B	1.35B	—	—
Revenue Growth (YoY)	-5.1%	+52.2%	+26.5%	-5.9%	—
Operating Revenue	1.88B	2.00B	1.35B	1.07B	1.14B
Interest & Investment Income	10.04M	39.52M	8.05M	195.02M	51.11M
Other Revenue	74.88M	56.63M	1.08M	—	—
Earnings From Equity Investments	11.83M	9.55M	-0.47M	—	—
Gain (Loss) on Sale of Assets	46.06M	94.73M	-5.80M	—	—
Gain (Loss) on Sale of Investments	6.75M	11.50M	2.66M	—	—
Expenses & Provisions
Advertising Expenses	15.98M	16.53M	5.90M	2.09M	2.21M
Cost of Revenue	1.30B	1.37B	0.89B	0.78B	0.82B
Selling, General & Admin	439.79M	419.79M	265.20M	148.30M	157.04M
Operating Expenses	540.25M	570.61M	351.65M	270.66M	247.44M
Other Operating Expenses	-16.56M	4.51M	-1.06M	42.13M	9.47M
Interest Expense	-26.14M	-83.95M	-64.34M	-28.87M	-23.33M
Other Non Operating Income (Expenses)	9.95M	3.53M	-11.46M	133.44M	14.07M
Asset Writedown	38.11M	-23.73M	-4.13M	-107.03M	—
D&A For EBITDA	42.11M	58.26M	27.14M	21.00M	19.65M
Profitability & Returns
Gross Profit	652.44M	685.35M	458.20M	289.40M	317.86M
Gross Margin	+33.4%	+33.3%	+33.9%	+27.1%	+28.0%
EBIT	112.19M	114.74M	106.56M	18.74M	70.42M
EBIT Margin	+5.7%	+5.6%	+7.9%	+1.8%	+6.2%
EBITDA	154.30M	173.01M	133.70M	39.74M	90.07M
EBITDA Margin	+7.9%	+8.4%	+9.9%	+3.7%	+7.9%
EBT Excluding Unusual Items	117.86M	83.39M	38.34M	318.33M	112.27M
Pretax Income	208.78M	165.89M	31.08M	211.30M	112.27M
Operating Income	112.19M	114.74M	106.56M	18.74M	70.42M
Operating Margin	+5.7%	+5.6%	+7.9%	+1.8%	+6.2%
Profit Margin	+9.8%	+8.3%	+1.9%	+19.8%	+9.9%
Net Income	190.81M	171.15M	25.86M	211.30M	112.27M
Net Income to Common	190.81M	171.15M	25.86M	211.30M	112.27M
Net Income Growth	+11.5%	+561.8%	-87.8%	+88.2%	—
Earnings From Continuing Ops.	190.81M	153.21M	31.08M	211.30M	112.27M
Earnings From Discontinued Ops.	—	17.94M	-5.22M	—	—
Income Tax Expense	17.97M	12.68M	—	—	—
Effective Tax Rate	+8.6%	+7.6%	—	—	—
Per Share & Capital
EPS (Basic)	0.09	0.08	0.03	0.28	—
EPS (Diluted)	0.09	0.08	0.03	0.28	—
EPS Growth	+11.5%	+189.5%	-90.4%	—	—
Dividend Per Share	0.04	0.06	0.06	0.08	0.15
Shares Change (YoY)	—	1.29	0.28	—	—
Shares Outstanding (Basic)	2.23B	2.23B	0.98B	0.76B	—
Shares Outstanding (Diluted)	2.23B	2.23B	0.98B	0.76B	—
Dividend Growth	-29.0%	-0.1%	-19.2%	-50.0%	—
Free Cash Flow	47.65M	118.10M	129.10M	0.37M	172.03M
Free Cash Flow Margin	+2.4%	+5.7%	+9.5%	0.0%	+15.1%
Free Cash Flow Per Share	0.02	0.05	0.13	0.00	—
Payout Ratio	+77.4%	+79.3%	+159.5%	+36.4%	+78.3%

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	1.96B	2.06B	1.35B	1.07B	1.14B
Cost of Revenue	1.30B	1.37B	0.89B	0.78B	0.82B
Gross Profit	652.44M	685.35M	458.20M	289.40M	317.86M
SG&A	439.79M	419.79M	265.20M	148.30M	157.04M
Operating Expenses	540.25M	570.61M	351.65M	270.66M	247.44M
Operating Income	112.19M	114.74M	106.56M	18.74M	70.42M
Interest Income	10.04M	39.52M	8.05M	195.02M	51.11M
Interest Expense	-26.14M	-83.95M	-64.34M	-28.87M	-23.33M
Other Income/Expense	9.95M	3.53M	-11.46M	133.44M	14.07M
Pretax Income	208.78M	165.89M	31.08M	211.30M	112.27M
Income Tax	17.97M	12.68M	—	—	—
Net Income	190.81M	171.15M	25.86M	211.30M	112.27M
EBITDA	154.30M	173.01M	133.70M	39.74M	90.07M
EBIT	112.19M	114.74M	106.56M	18.74M	70.42M
EPS (Basic)	0.09	0.08	0.03	0.28	—
EPS (Diluted)	0.09	0.08	0.03	0.28	—
DPS	0.04	0.06	0.06	0.08	0.15
Margins & Efficiency
Gross Margin %	+33.4%	+33.3%	+33.9%	+27.1%	+28.0%
EBITDA Margin %	+7.9%	+8.4%	+9.9%	+3.7%	+7.9%
Net Margin %	+9.8%	+8.3%	+1.9%	+19.8%	+9.9%
Revenue & Income
Revenue	1.96B	2.06B	1.35B	1.07B	1.14B
Revenue as Reported	1.96B	2.06B	1.35B	—	—
Revenue Growth (YoY)	-5.1%	+52.2%	+26.5%	-5.9%	—
Operating Revenue	1.88B	2.00B	1.35B	1.07B	1.14B
Interest & Investment Income	10.04M	39.52M	8.05M	195.02M	51.11M
Other Revenue	74.88M	56.63M	1.08M	—	—
Earnings From Equity Investments	11.83M	9.55M	-0.47M	—	—
Gain (Loss) on Sale of Assets	46.06M	94.73M	-5.80M	—	—
Gain (Loss) on Sale of Investments	6.75M	11.50M	2.66M	—	—
Expenses & Provisions
Advertising Expenses	15.98M	16.53M	5.90M	2.09M	2.21M
Cost of Revenue	1.30B	1.37B	0.89B	0.78B	0.82B
Selling, General & Admin	439.79M	419.79M	265.20M	148.30M	157.04M
Operating Expenses	540.25M	570.61M	351.65M	270.66M	247.44M
Other Operating Expenses	-16.56M	4.51M	-1.06M	42.13M	9.47M
Interest Expense	-26.14M	-83.95M	-64.34M	-28.87M	-23.33M
Other Non Operating Income (Expenses)	9.95M	3.53M	-11.46M	133.44M	14.07M
Asset Writedown	38.11M	-23.73M	-4.13M	-107.03M	—
D&A For EBITDA	42.11M	58.26M	27.14M	21.00M	19.65M
Profitability & Returns
Gross Profit	652.44M	685.35M	458.20M	289.40M	317.86M
Gross Margin	+33.4%	+33.3%	+33.9%	+27.1%	+28.0%
EBIT	112.19M	114.74M	106.56M	18.74M	70.42M
EBIT Margin	+5.7%	+5.6%	+7.9%	+1.8%	+6.2%
EBITDA	154.30M	173.01M	133.70M	39.74M	90.07M
EBITDA Margin	+7.9%	+8.4%	+9.9%	+3.7%	+7.9%
EBT Excluding Unusual Items	117.86M	83.39M	38.34M	318.33M	112.27M
Pretax Income	208.78M	165.89M	31.08M	211.30M	112.27M
Operating Income	112.19M	114.74M	106.56M	18.74M	70.42M
Operating Margin	+5.7%	+5.6%	+7.9%	+1.8%	+6.2%
Profit Margin	+9.8%	+8.3%	+1.9%	+19.8%	+9.9%
Net Income	190.81M	171.15M	25.86M	211.30M	112.27M
Net Income to Common	190.81M	171.15M	25.86M	211.30M	112.27M
Net Income Growth	+11.5%	+561.8%	-87.8%	+88.2%	—
Earnings From Continuing Ops.	190.81M	153.21M	31.08M	211.30M	112.27M
Earnings From Discontinued Ops.	—	17.94M	-5.22M	—	—
Income Tax Expense	17.97M	12.68M	—	—	—
Effective Tax Rate	+8.6%	+7.6%	—	—	—
Per Share & Capital
EPS (Basic)	0.09	0.08	0.03	0.28	—
EPS (Diluted)	0.09	0.08	0.03	0.28	—
EPS Growth	+11.5%	+189.5%	-90.4%	—	—
Dividend Per Share	0.04	0.06	0.06	0.08	0.15
Shares Change (YoY)	—	1.29	0.28	—	—
Shares Outstanding (Basic)	2.23B	2.23B	0.98B	0.76B	—
Shares Outstanding (Diluted)	2.23B	2.23B	0.98B	0.76B	—
Dividend Growth	-29.0%	-0.1%	-19.2%	-50.0%	—
Free Cash Flow	47.65M	118.10M	129.10M	0.37M	172.03M
Free Cash Flow Margin	+2.4%	+5.7%	+9.5%	0.0%	+15.1%
Free Cash Flow Per Share	0.02	0.05	0.13	0.00	—
Payout Ratio	+77.4%	+79.3%	+159.5%	+36.4%	+78.3%