Manazel

Manazel PJSC

MANAZELStocksAbu Dhabi Securities ExchangeReal Estate

Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual Semi-annual

Annual (AED)

1-5

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Operating Summary
Revenue	98.03M	135.22M	347.97M	146.31M	109.29M
Cost of Revenue	64.89M	84.45M	316.59M	95.71M	70.38M
Gross Profit	33.14M	50.77M	31.38M	50.59M	38.92M
SG&A	64.48M	52.19M	51.44M	50.71M	50.96M
Operating Expenses	213.53M	70.00M	166.14M	123.36M	97.77M
Operating Income	-180.39M	-19.22M	-134.76M	-72.76M	-58.85M
Interest Expense	-35.05M	-40.61M	-89.98M	-92.33M	-69.28M
Other Income/Expense	21.42M	56.61M	17.05M	3.08M	40.09M
Pretax Income	1.43M	6.20M	-198.34M	-152.84M	20.46M
Income Tax	-12.97M	-2.02M	—	—	—
Net Income	14.40M	8.22M	-198.34M	-152.84M	20.46M
EBITDA	-175.59M	-14.07M	-127.38M	-64.56M	-51.15M
EBIT	-180.39M	-19.22M	-134.76M	-72.76M	-58.85M
EPS (Basic)	0.01	0.00	-0.08	-0.06	0.01
EPS (Diluted)	0.01	0.00	-0.08	-0.06	0.01
Margins & Efficiency
Gross Margin %	+33.8%	+37.5%	+9.0%	+34.6%	+35.6%
EBITDA Margin %	-179.1%	-10.4%	-36.6%	-44.1%	-46.8%
Net Margin %	+14.7%	+6.1%	-57.0%	-104.5%	+18.7%
Revenue & Income
Revenue	98.03M	135.22M	347.97M	146.31M	109.29M
Revenue Growth (YoY)	-27.5%	-61.1%	+137.8%	+33.9%	-86.1%
Gain (Loss) on Sale of Assets	-86.71M	-16.37M	23.45M	-3.00M	-4.50M
Expenses & Provisions
Advertising Expenses	1.15M	0.68M	1.48M	0.38M	0.17M
Cost of Revenue	64.89M	84.45M	316.59M	95.71M	70.38M
Selling, General & Admin	64.48M	52.19M	51.44M	50.71M	50.96M
Operating Expenses	213.53M	70.00M	166.14M	123.36M	97.77M
Interest Expense	-35.05M	-40.61M	-89.98M	-92.33M	-69.28M
Other Non Operating Income (Expenses)	21.42M	56.61M	17.05M	3.08M	40.09M
Asset Writedown	282.16M	25.80M	-14.10M	12.18M	113.00M
D&A For EBITDA	4.80M	5.16M	7.39M	8.21M	7.70M
Profitability & Returns
Gross Profit	33.14M	50.77M	31.38M	50.59M	38.92M
Gross Margin	+33.8%	+37.5%	+9.0%	+34.6%	+35.6%
EBIT	-180.39M	-19.22M	-134.76M	-72.76M	-58.85M
EBIT Margin	-184.0%	-14.2%	-38.7%	-49.7%	-53.8%
EBITDA	-175.59M	-14.07M	-127.38M	-64.56M	-51.15M
EBITDA Margin	-179.1%	-10.4%	-36.6%	-44.1%	-46.8%
EBT Excluding Unusual Items	-194.03M	-3.22M	-207.69M	-162.01M	-88.04M
Pretax Income	1.43M	6.20M	-198.34M	-152.84M	20.46M
Operating Income	-180.39M	-19.22M	-134.76M	-72.76M	-58.85M
Operating Margin	-184.0%	-14.2%	-38.7%	-49.7%	-53.8%
Profit Margin	+14.7%	+6.1%	-57.0%	-104.5%	+18.7%
Net Income	14.40M	8.22M	-198.34M	-152.84M	20.46M
Net Income to Common	14.40M	8.22M	-198.34M	-152.84M	20.46M
Net Income Growth	+75.1%	—	—	—	-9.1%
Earnings From Continuing Ops.	14.40M	8.22M	-198.34M	-152.84M	20.46M
Income Tax Expense	-12.97M	-2.02M	—	—	—
Per Share & Capital
EPS (Basic)	0.01	0.00	-0.08	-0.06	0.01
EPS (Diluted)	0.01	0.00	-0.08	-0.06	0.01
EPS Growth	+75.2%	—	—	—	-9.1%
Shares Outstanding (Basic)	2.60B	2.60B	2.60B	2.60B	2.60B
Shares Outstanding (Diluted)	2.60B	2.60B	2.60B	2.60B	2.60B
Free Cash Flow	482.87M	-4.92M	139.98M	104.39M	151.11M
Free Cash Flow Margin	+492.6%	-3.6%	+40.2%	+71.4%	+138.3%
Free Cash Flow Per Share	0.19	-0.00	0.05	0.04	0.06

Income Statement Balance Sheet Cash Flow Ratios

Annual Semi-annual

Annual (AED)

1-5

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Operating Summary
Revenue	98.03M	135.22M	347.97M	146.31M	109.29M
Cost of Revenue	64.89M	84.45M	316.59M	95.71M	70.38M
Gross Profit	33.14M	50.77M	31.38M	50.59M	38.92M
SG&A	64.48M	52.19M	51.44M	50.71M	50.96M
Operating Expenses	213.53M	70.00M	166.14M	123.36M	97.77M
Operating Income	-180.39M	-19.22M	-134.76M	-72.76M	-58.85M
Interest Expense	-35.05M	-40.61M	-89.98M	-92.33M	-69.28M
Other Income/Expense	21.42M	56.61M	17.05M	3.08M	40.09M
Pretax Income	1.43M	6.20M	-198.34M	-152.84M	20.46M
Income Tax	-12.97M	-2.02M	—	—	—
Net Income	14.40M	8.22M	-198.34M	-152.84M	20.46M
EBITDA	-175.59M	-14.07M	-127.38M	-64.56M	-51.15M
EBIT	-180.39M	-19.22M	-134.76M	-72.76M	-58.85M
EPS (Basic)	0.01	0.00	-0.08	-0.06	0.01
EPS (Diluted)	0.01	0.00	-0.08	-0.06	0.01
Margins & Efficiency
Gross Margin %	+33.8%	+37.5%	+9.0%	+34.6%	+35.6%
EBITDA Margin %	-179.1%	-10.4%	-36.6%	-44.1%	-46.8%
Net Margin %	+14.7%	+6.1%	-57.0%	-104.5%	+18.7%
Revenue & Income
Revenue	98.03M	135.22M	347.97M	146.31M	109.29M
Revenue Growth (YoY)	-27.5%	-61.1%	+137.8%	+33.9%	-86.1%
Gain (Loss) on Sale of Assets	-86.71M	-16.37M	23.45M	-3.00M	-4.50M
Expenses & Provisions
Advertising Expenses	1.15M	0.68M	1.48M	0.38M	0.17M
Cost of Revenue	64.89M	84.45M	316.59M	95.71M	70.38M
Selling, General & Admin	64.48M	52.19M	51.44M	50.71M	50.96M
Operating Expenses	213.53M	70.00M	166.14M	123.36M	97.77M
Interest Expense	-35.05M	-40.61M	-89.98M	-92.33M	-69.28M
Other Non Operating Income (Expenses)	21.42M	56.61M	17.05M	3.08M	40.09M
Asset Writedown	282.16M	25.80M	-14.10M	12.18M	113.00M
D&A For EBITDA	4.80M	5.16M	7.39M	8.21M	7.70M
Profitability & Returns
Gross Profit	33.14M	50.77M	31.38M	50.59M	38.92M
Gross Margin	+33.8%	+37.5%	+9.0%	+34.6%	+35.6%
EBIT	-180.39M	-19.22M	-134.76M	-72.76M	-58.85M
EBIT Margin	-184.0%	-14.2%	-38.7%	-49.7%	-53.8%
EBITDA	-175.59M	-14.07M	-127.38M	-64.56M	-51.15M
EBITDA Margin	-179.1%	-10.4%	-36.6%	-44.1%	-46.8%
EBT Excluding Unusual Items	-194.03M	-3.22M	-207.69M	-162.01M	-88.04M
Pretax Income	1.43M	6.20M	-198.34M	-152.84M	20.46M
Operating Income	-180.39M	-19.22M	-134.76M	-72.76M	-58.85M
Operating Margin	-184.0%	-14.2%	-38.7%	-49.7%	-53.8%
Profit Margin	+14.7%	+6.1%	-57.0%	-104.5%	+18.7%
Net Income	14.40M	8.22M	-198.34M	-152.84M	20.46M
Net Income to Common	14.40M	8.22M	-198.34M	-152.84M	20.46M
Net Income Growth	+75.1%	—	—	—	-9.1%
Earnings From Continuing Ops.	14.40M	8.22M	-198.34M	-152.84M	20.46M
Income Tax Expense	-12.97M	-2.02M	—	—	—
Per Share & Capital
EPS (Basic)	0.01	0.00	-0.08	-0.06	0.01
EPS (Diluted)	0.01	0.00	-0.08	-0.06	0.01
EPS Growth	+75.2%	—	—	—	-9.1%
Shares Outstanding (Basic)	2.60B	2.60B	2.60B	2.60B	2.60B
Shares Outstanding (Diluted)	2.60B	2.60B	2.60B	2.60B	2.60B
Free Cash Flow	482.87M	-4.92M	139.98M	104.39M	151.11M
Free Cash Flow Margin	+492.6%	-3.6%	+40.2%	+71.4%	+138.3%
Free Cash Flow Per Share	0.19	-0.00	0.05	0.04	0.06