Financials

Income Statement Balance Sheet Cash Flow Ratios

Quarterly (AED)

1-5

	Q1 2026Mar 31, 2026	Q4 2025Dec 31, 2025	Q3 2025Sep 30, 2025	Q2 2025Jun 30, 2025	Q1 2025Mar 31, 2025
Operating Summary
Revenue	564.16M	475.89M	458.86M	466.99M	553.94M
Cost of Revenue	379.39M	343.87M	295.24M	296.46M	367.68M
Gross Profit	184.77M	132.03M	163.62M	170.53M	186.26M
SG&A	106.90M	118.19M	111.73M	110.36M	99.51M
Operating Expenses	135.86M	148.92M	129.48M	132.63M	129.61M
Operating Income	48.90M	-16.90M	34.14M	37.90M	56.66M
Interest Income	2.07M	6.73M	3.12M	2.79M	2.21M
Interest Expense	-6.28M	—	-10.34M	-10.19M	-10.41M
Other Income/Expense	2.94M	6.78M	1.55M	0.09M	1.54M
Pretax Income	56.49M	93.40M	26.32M	33.10M	55.96M
Income Tax	4.54M	8.49M	2.22M	2.84M	4.42M
Net Income	51.95M	84.91M	24.10M	30.26M	51.54M
EBITDA	60.39M	-7.17M	44.80M	48.44M	67.86M
EBIT	48.90M	-16.90M	34.14M	37.90M	56.66M
EPS (Basic)	0.02	0.04	0.01	0.01	0.02
EPS (Diluted)	0.02	0.04	0.01	0.01	0.02
Margins & Efficiency
Gross Margin %	+32.8%	+27.7%	+35.7%	+36.5%	+33.6%
EBITDA Margin %	+10.7%	-1.5%	+9.8%	+10.4%	+12.2%
Net Margin %	+9.2%	+17.8%	+5.3%	+6.5%	+9.3%
Revenue & Income
Revenue	564.16M	475.89M	458.86M	466.99M	553.94M
Revenue as Reported	564.16M	475.89M	458.86M	466.99M	553.94M
Revenue Growth (YoY)	+1.8%	-8.4%	+1.1%	-5.3%	-6.6%
Operating Revenue	545.39M	454.32M	438.97M	447.57M	539.94M
Interest & Investment Income	2.07M	6.73M	3.12M	2.79M	2.21M
Other Revenue	18.77M	21.58M	19.89M	19.41M	14.00M
Earnings From Equity Investments	6.12M	1.09M	2.05M	2.60M	6.10M
Gain (Loss) on Sale of Assets	0.31M	46.06M	—	0.44M	—
Gain (Loss) on Sale of Investments	—	7.72M	—	—	-0.97M
Expenses & Provisions
Advertising Expenses	—	—	—	—	—
Cost of Revenue	379.39M	343.87M	295.24M	296.46M	367.68M
Selling, General & Admin	106.90M	118.19M	111.73M	110.36M	99.51M
Operating Expenses	135.86M	148.92M	129.48M	132.63M	129.61M
Other Operating Expenses	-3.08M	1.79M	-9.50M	-8.46M	-0.01M
Interest Expense	-6.28M	—	-10.34M	-10.19M	-10.41M
Other Non Operating Income (Expenses)	2.94M	6.78M	1.55M	0.09M	1.54M
Asset Writedown	2.44M	41.90M	-4.19M	-0.50M	0.84M
D&A For EBITDA	11.48M	9.72M	10.65M	10.54M	11.20M
Profitability & Returns
Gross Profit	184.77M	132.03M	163.62M	170.53M	186.26M
Gross Margin	+32.8%	+27.7%	+35.7%	+36.5%	+33.6%
EBIT	48.90M	-16.90M	34.14M	37.90M	56.66M
EBIT Margin	+8.7%	-3.6%	+7.4%	+8.1%	+10.2%
EBITDA	60.39M	-7.17M	44.80M	48.44M	67.86M
EBITDA Margin	+10.7%	-1.5%	+9.8%	+10.4%	+12.3%
EBT Excluding Unusual Items	53.74M	-2.30M	30.52M	33.19M	56.08M
Pretax Income	56.49M	93.40M	26.32M	33.10M	55.96M
Operating Income	48.90M	-16.90M	34.14M	37.90M	56.66M
Operating Margin	+8.7%	-3.6%	+7.4%	+8.1%	+10.2%
Profit Margin	+9.2%	+17.8%	+5.3%	+6.5%	+9.3%
Net Income	51.95M	84.91M	24.10M	30.26M	51.54M
Net Income to Common	51.95M	84.91M	24.10M	30.26M	51.54M
Net Income Growth	+0.8%	+489.4%	-6.7%	-50.7%	-25.9%
Earnings From Continuing Ops.	51.95M	84.91M	24.10M	30.26M	51.54M
Earnings From Discontinued Ops.	—	—	—	—	—
Income Tax Expense	4.54M	8.49M	2.22M	2.84M	4.42M
Effective Tax Rate	+8.0%	+9.1%	+8.4%	+8.6%	+7.9%
Per Share & Capital
EPS (Basic)	0.02	0.04	0.01	0.01	0.02
EPS (Diluted)	0.02	0.04	0.01	0.01	0.02
EPS Growth	+0.8%	+489.5%	-6.7%	-50.7%	-25.9%
Dividend Per Share	—	0.04	—	—	—
Shares Outstanding (Basic)	2.23B	2.23B	2.23B	2.23B	2.23B
Shares Outstanding (Diluted)	2.23B	2.23B	2.23B	2.23B	2.23B
Dividend Growth	—	-29.0%	—	—	—
Free Cash Flow	138.81M	-35.44M	-16.73M	-65.13M	164.95M
Free Cash Flow Margin	+24.6%	-7.4%	-3.6%	-13.9%	+29.8%
Free Cash Flow Per Share	0.06	-0.02	-0.01	-0.03	0.07
Payout Ratio	+0.3%	+1.0%	+10.2%	+450.3%	+15.8%
Supplemental
Other Unusual Items	—	21.00K	—	-21.00K	—

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Quarterly (AED)

1-5

	Q1 2026Mar 31, 2026	Q4 2025Dec 31, 2025	Q3 2025Sep 30, 2025	Q2 2025Jun 30, 2025	Q1 2025Mar 31, 2025
Operating Summary
Revenue	564.16M	475.89M	458.86M	466.99M	553.94M
Cost of Revenue	379.39M	343.87M	295.24M	296.46M	367.68M
Gross Profit	184.77M	132.03M	163.62M	170.53M	186.26M
SG&A	106.90M	118.19M	111.73M	110.36M	99.51M
Operating Expenses	135.86M	148.92M	129.48M	132.63M	129.61M
Operating Income	48.90M	-16.90M	34.14M	37.90M	56.66M
Interest Income	2.07M	6.73M	3.12M	2.79M	2.21M
Interest Expense	-6.28M	—	-10.34M	-10.19M	-10.41M
Other Income/Expense	2.94M	6.78M	1.55M	0.09M	1.54M
Pretax Income	56.49M	93.40M	26.32M	33.10M	55.96M
Income Tax	4.54M	8.49M	2.22M	2.84M	4.42M
Net Income	51.95M	84.91M	24.10M	30.26M	51.54M
EBITDA	60.39M	-7.17M	44.80M	48.44M	67.86M
EBIT	48.90M	-16.90M	34.14M	37.90M	56.66M
EPS (Basic)	0.02	0.04	0.01	0.01	0.02
EPS (Diluted)	0.02	0.04	0.01	0.01	0.02
Margins & Efficiency
Gross Margin %	+32.8%	+27.7%	+35.7%	+36.5%	+33.6%
EBITDA Margin %	+10.7%	-1.5%	+9.8%	+10.4%	+12.2%
Net Margin %	+9.2%	+17.8%	+5.3%	+6.5%	+9.3%
Revenue & Income
Revenue	564.16M	475.89M	458.86M	466.99M	553.94M
Revenue as Reported	564.16M	475.89M	458.86M	466.99M	553.94M
Revenue Growth (YoY)	+1.8%	-8.4%	+1.1%	-5.3%	-6.6%
Operating Revenue	545.39M	454.32M	438.97M	447.57M	539.94M
Interest & Investment Income	2.07M	6.73M	3.12M	2.79M	2.21M
Other Revenue	18.77M	21.58M	19.89M	19.41M	14.00M
Earnings From Equity Investments	6.12M	1.09M	2.05M	2.60M	6.10M
Gain (Loss) on Sale of Assets	0.31M	46.06M	—	0.44M	—
Gain (Loss) on Sale of Investments	—	7.72M	—	—	-0.97M
Expenses & Provisions
Advertising Expenses	—	—	—	—	—
Cost of Revenue	379.39M	343.87M	295.24M	296.46M	367.68M
Selling, General & Admin	106.90M	118.19M	111.73M	110.36M	99.51M
Operating Expenses	135.86M	148.92M	129.48M	132.63M	129.61M
Other Operating Expenses	-3.08M	1.79M	-9.50M	-8.46M	-0.01M
Interest Expense	-6.28M	—	-10.34M	-10.19M	-10.41M
Other Non Operating Income (Expenses)	2.94M	6.78M	1.55M	0.09M	1.54M
Asset Writedown	2.44M	41.90M	-4.19M	-0.50M	0.84M
D&A For EBITDA	11.48M	9.72M	10.65M	10.54M	11.20M
Profitability & Returns
Gross Profit	184.77M	132.03M	163.62M	170.53M	186.26M
Gross Margin	+32.8%	+27.7%	+35.7%	+36.5%	+33.6%
EBIT	48.90M	-16.90M	34.14M	37.90M	56.66M
EBIT Margin	+8.7%	-3.6%	+7.4%	+8.1%	+10.2%
EBITDA	60.39M	-7.17M	44.80M	48.44M	67.86M
EBITDA Margin	+10.7%	-1.5%	+9.8%	+10.4%	+12.3%
EBT Excluding Unusual Items	53.74M	-2.30M	30.52M	33.19M	56.08M
Pretax Income	56.49M	93.40M	26.32M	33.10M	55.96M
Operating Income	48.90M	-16.90M	34.14M	37.90M	56.66M
Operating Margin	+8.7%	-3.6%	+7.4%	+8.1%	+10.2%
Profit Margin	+9.2%	+17.8%	+5.3%	+6.5%	+9.3%
Net Income	51.95M	84.91M	24.10M	30.26M	51.54M
Net Income to Common	51.95M	84.91M	24.10M	30.26M	51.54M
Net Income Growth	+0.8%	+489.4%	-6.7%	-50.7%	-25.9%
Earnings From Continuing Ops.	51.95M	84.91M	24.10M	30.26M	51.54M
Earnings From Discontinued Ops.	—	—	—	—	—
Income Tax Expense	4.54M	8.49M	2.22M	2.84M	4.42M
Effective Tax Rate	+8.0%	+9.1%	+8.4%	+8.6%	+7.9%
Per Share & Capital
EPS (Basic)	0.02	0.04	0.01	0.01	0.02
EPS (Diluted)	0.02	0.04	0.01	0.01	0.02
EPS Growth	+0.8%	+489.5%	-6.7%	-50.7%	-25.9%
Dividend Per Share	—	0.04	—	—	—
Shares Outstanding (Basic)	2.23B	2.23B	2.23B	2.23B	2.23B
Shares Outstanding (Diluted)	2.23B	2.23B	2.23B	2.23B	2.23B
Dividend Growth	—	-29.0%	—	—	—
Free Cash Flow	138.81M	-35.44M	-16.73M	-65.13M	164.95M
Free Cash Flow Margin	+24.6%	-7.4%	-3.6%	-13.9%	+29.8%
Free Cash Flow Per Share	0.06	-0.02	-0.01	-0.03	0.07
Payout Ratio	+0.3%	+1.0%	+10.2%	+450.3%	+15.8%
Supplemental
Other Unusual Items	—	21.00K	—	-21.00K	—

Financials

Quarterly (AED)

MAIR

Quarterly (AED)