National Corporation for Tourism & Hotels

NCTHStocksAbu Dhabi Securities ExchangeConsumer Discretionary

Financials

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	615.87M	648.22M	469.08M	497.01M	568.28M
Cost of Revenue	372.84M	295.04M	357.17M	331.91M	343.75M
Gross Profit	243.03M	353.18M	111.91M	165.10M	224.54M
SG&A	124.46M	182.59M	91.96M	96.07M	112.39M
Operating Expenses	131.34M	189.89M	91.96M	96.07M	118.93M
Operating Income	111.69M	163.29M	19.95M	69.04M	105.60M
Interest Income	—	25.04M	—	—	—
Interest Expense	-3.32M	-28.83M	-4.91M	-6.24M	-8.49M
Other Income/Expense	5.75M	-2.66M	2.65M	4.16M	2.98M
Pretax Income	112.80M	83.00M	13.87M	69.15M	196.26M
Income Tax	16.24M	14.79M	0.74M	11.78M	15.52M
Net Income	96.56M	68.21M	13.13M	57.38M	180.74M
EBITDA	146.82M	167.19M	60.25M	109.23M	144.79M
EBIT	111.69M	163.29M	19.95M	69.04M	105.60M
EPS (Basic)	0.04	0.03	0.01	0.03	0.08
EPS (Diluted)	0.04	0.03	0.01	0.03	0.08
Margins & Efficiency
Gross Margin %	+39.5%	+54.5%	+23.9%	+33.2%	+39.5%
EBITDA Margin %	+23.8%	+25.8%	+12.8%	+22.0%	+25.5%
Net Margin %	+15.7%	+10.5%	+2.8%	+11.5%	+31.8%
Revenue & Income
Revenue	615.87M	648.22M	469.08M	497.01M	568.28M
Revenue Growth (YoY)	+8.4%	+80.8%	+130.7%	+94.8%	+95.0%
Interest & Investment Income	—	25.04M	—	—	—
Earnings From Equity Investments	3.62M	8.37M	-1.88M	-0.51M	-1.86M
Gain (Loss) on Sale of Investments	-4.93M	-0.68M	-1.94M	2.71M	1.01M
Expenses & Provisions
Cost of Revenue	372.84M	295.04M	357.17M	331.91M	343.75M
Selling, General & Admin	124.46M	182.59M	91.96M	96.07M	112.39M
Operating Expenses	131.34M	189.89M	91.96M	96.07M	118.93M
Interest Expense	-3.32M	-28.83M	-4.91M	-6.24M	-8.49M
Other Non Operating Income (Expenses)	5.75M	-2.66M	2.65M	4.16M	2.98M
D&A For EBITDA	35.13M	3.91M	40.31M	40.19M	39.19M
Profitability & Returns
Gross Profit	243.03M	353.18M	111.91M	165.10M	224.54M
Gross Margin	+39.5%	+54.5%	+23.9%	+33.2%	+39.5%
EBIT	111.69M	163.29M	19.95M	69.04M	105.60M
EBIT Margin	+18.1%	+25.2%	+4.3%	+13.9%	+18.6%
EBITDA	146.82M	167.19M	60.25M	109.23M	144.79M
EBITDA Margin	+23.8%	+25.8%	+12.8%	+22.0%	+25.5%
EBT Excluding Unusual Items	117.73M	165.20M	15.80M	66.44M	98.23M
Pretax Income	112.80M	83.00M	13.87M	69.15M	196.26M
Operating Income	111.69M	163.29M	19.95M	69.04M	105.60M
Operating Margin	+18.1%	+25.2%	+4.3%	+13.9%	+18.6%
Profit Margin	+15.7%	+10.5%	+2.8%	+11.5%	+31.8%
Net Income	96.56M	68.21M	13.13M	57.38M	180.74M
Net Income to Common	96.56M	68.21M	13.13M	57.38M	180.74M
Net Income Growth	-46.6%	+30.5%	—	+50.3%	+223.4%
Income Tax Expense	16.24M	14.79M	0.74M	11.78M	15.52M
Effective Tax Rate	+14.4%	+17.8%	+5.3%	+17.0%	+7.9%
Per Share & Capital
EPS (Basic)	0.04	0.03	0.01	0.03	0.08
EPS (Diluted)	0.04	0.03	0.01	0.03	0.08
EPS Growth	-46.6%	-23.4%	—	-11.8%	+89.9%
Dividend Per Share	—	0.02	—	—	—
Shares Change (YoY)	—	0.7	0.7	0.7	0.7
Shares Outstanding (Basic)	2.18B	2.18B	2.18B	2.18B	2.18B
Shares Outstanding (Diluted)	2.18B	2.18B	2.18B	2.18B	2.18B
Free Cash Flow	33.01M	154.12M	10.91M	—	5.70M
Free Cash Flow Margin	+5.4%	+23.8%	+2.3%	—	+1.0%
Free Cash Flow Per Share	0.02	0.07	0.01	—	0.00
Supplemental
Other Unusual Items	—	-81.52M	—	—	97.01M

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	615.87M	648.22M	469.08M	497.01M	568.28M
Cost of Revenue	372.84M	295.04M	357.17M	331.91M	343.75M
Gross Profit	243.03M	353.18M	111.91M	165.10M	224.54M
SG&A	124.46M	182.59M	91.96M	96.07M	112.39M
Operating Expenses	131.34M	189.89M	91.96M	96.07M	118.93M
Operating Income	111.69M	163.29M	19.95M	69.04M	105.60M
Interest Income	—	25.04M	—	—	—
Interest Expense	-3.32M	-28.83M	-4.91M	-6.24M	-8.49M
Other Income/Expense	5.75M	-2.66M	2.65M	4.16M	2.98M
Pretax Income	112.80M	83.00M	13.87M	69.15M	196.26M
Income Tax	16.24M	14.79M	0.74M	11.78M	15.52M
Net Income	96.56M	68.21M	13.13M	57.38M	180.74M
EBITDA	146.82M	167.19M	60.25M	109.23M	144.79M
EBIT	111.69M	163.29M	19.95M	69.04M	105.60M
EPS (Basic)	0.04	0.03	0.01	0.03	0.08
EPS (Diluted)	0.04	0.03	0.01	0.03	0.08
Margins & Efficiency
Gross Margin %	+39.5%	+54.5%	+23.9%	+33.2%	+39.5%
EBITDA Margin %	+23.8%	+25.8%	+12.8%	+22.0%	+25.5%
Net Margin %	+15.7%	+10.5%	+2.8%	+11.5%	+31.8%
Revenue & Income
Revenue	615.87M	648.22M	469.08M	497.01M	568.28M
Revenue Growth (YoY)	+8.4%	+80.8%	+130.7%	+94.8%	+95.0%
Interest & Investment Income	—	25.04M	—	—	—
Earnings From Equity Investments	3.62M	8.37M	-1.88M	-0.51M	-1.86M
Gain (Loss) on Sale of Investments	-4.93M	-0.68M	-1.94M	2.71M	1.01M
Expenses & Provisions
Cost of Revenue	372.84M	295.04M	357.17M	331.91M	343.75M
Selling, General & Admin	124.46M	182.59M	91.96M	96.07M	112.39M
Operating Expenses	131.34M	189.89M	91.96M	96.07M	118.93M
Interest Expense	-3.32M	-28.83M	-4.91M	-6.24M	-8.49M
Other Non Operating Income (Expenses)	5.75M	-2.66M	2.65M	4.16M	2.98M
D&A For EBITDA	35.13M	3.91M	40.31M	40.19M	39.19M
Profitability & Returns
Gross Profit	243.03M	353.18M	111.91M	165.10M	224.54M
Gross Margin	+39.5%	+54.5%	+23.9%	+33.2%	+39.5%
EBIT	111.69M	163.29M	19.95M	69.04M	105.60M
EBIT Margin	+18.1%	+25.2%	+4.3%	+13.9%	+18.6%
EBITDA	146.82M	167.19M	60.25M	109.23M	144.79M
EBITDA Margin	+23.8%	+25.8%	+12.8%	+22.0%	+25.5%
EBT Excluding Unusual Items	117.73M	165.20M	15.80M	66.44M	98.23M
Pretax Income	112.80M	83.00M	13.87M	69.15M	196.26M
Operating Income	111.69M	163.29M	19.95M	69.04M	105.60M
Operating Margin	+18.1%	+25.2%	+4.3%	+13.9%	+18.6%
Profit Margin	+15.7%	+10.5%	+2.8%	+11.5%	+31.8%
Net Income	96.56M	68.21M	13.13M	57.38M	180.74M
Net Income to Common	96.56M	68.21M	13.13M	57.38M	180.74M
Net Income Growth	-46.6%	+30.5%	—	+50.3%	+223.4%
Income Tax Expense	16.24M	14.79M	0.74M	11.78M	15.52M
Effective Tax Rate	+14.4%	+17.8%	+5.3%	+17.0%	+7.9%
Per Share & Capital
EPS (Basic)	0.04	0.03	0.01	0.03	0.08
EPS (Diluted)	0.04	0.03	0.01	0.03	0.08
EPS Growth	-46.6%	-23.4%	—	-11.8%	+89.9%
Dividend Per Share	—	0.02	—	—	—
Shares Change (YoY)	—	0.7	0.7	0.7	0.7
Shares Outstanding (Basic)	2.18B	2.18B	2.18B	2.18B	2.18B
Shares Outstanding (Diluted)	2.18B	2.18B	2.18B	2.18B	2.18B
Free Cash Flow	33.01M	154.12M	10.91M	—	5.70M
Free Cash Flow Margin	+5.4%	+23.8%	+2.3%	—	+1.0%
Free Cash Flow Per Share	0.02	0.07	0.01	—	0.00
Supplemental
Other Unusual Items	—	-81.52M	—	—	97.01M