PALMS SPORTS

PALMS SPORTS PrJSC

PALMSStocksAbu Dhabi Securities ExchangeConsumer Discretionary

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	1.16B	1.05B	0.58B	0.30B	0.27B
Cost of Revenue	943.07M	848.17M	438.72M	203.49M	176.86M
Gross Profit	218.91M	202.94M	137.78M	98.37M	93.47M
SG&A	55.92M	45.99M	26.45M	18.22M	11.61M
Operating Expenses	75.16M	64.05M	24.75M	16.92M	13.44M
Operating Income	143.74M	138.89M	113.04M	81.45M	80.03M
Interest Income	6.94M	7.85M	8.12M	3.65M	0.28M
Interest Expense	-12.21M	-16.37M	-4.69M	-2.41M	-0.99M
Other Income/Expense	3.15M	9.91M	3.54M	0.29M	—
Pretax Income	131.38M	121.53M	105.11M	132.88M	91.84M
Income Tax	16.91M	12.34M	0.02M	—	—
Net Income	115.62M	109.61M	105.34M	133.26M	91.84M
EBITDA	158.49M	153.88M	117.46M	81.82M	80.32M
EBIT	143.74M	138.89M	113.04M	81.45M	80.03M
EPS (Basic)	0.77	0.73	0.70	0.89	0.61
EPS (Diluted)	0.77	0.73	0.70	0.89	0.61
DPS	0.57	0.33	0.67	—	—
Margins & Efficiency
Gross Margin %	+18.8%	+19.3%	+23.9%	+32.6%	+34.6%
EBITDA Margin %	+13.6%	+14.6%	+20.4%	+27.1%	+29.7%
Net Margin %	+10.0%	+10.4%	+18.3%	+44.1%	+34.0%
Revenue & Income
Revenue	1.16B	1.05B	0.58B	0.30B	0.27B
Revenue Growth (YoY)	+10.5%	+82.3%	+91.0%	+11.7%	-7.2%
Interest & Investment Income	6.94M	7.85M	8.12M	3.65M	0.28M
Earnings From Equity Investments	3.41M	0.38M	-0.48M	-0.34M	—
Gain (Loss) on Sale of Investments	-10.86M	-19.13M	-15.08M	51.90M	12.51M
Expenses & Provisions
Cost of Revenue	943.07M	848.17M	438.72M	203.49M	176.86M
Selling, General & Admin	55.92M	45.99M	26.45M	18.22M	11.61M
Operating Expenses	75.16M	64.05M	24.75M	16.92M	13.44M
Interest Expense	-12.21M	-16.37M	-4.69M	-2.41M	-0.99M
Other Non Operating Income (Expenses)	3.15M	9.91M	3.54M	0.29M	—
Asset Writedown	-71.11K	—	—	—	—
Impairment of Goodwill	-2.72M	—	—	—	—
D&A For EBITDA	14.75M	15.00M	4.43M	0.36M	0.29M
Profitability & Returns
Gross Profit	218.91M	202.94M	137.78M	98.37M	93.47M
Gross Margin	+18.8%	+19.3%	+23.9%	+32.6%	+34.6%
EBIT	143.74M	138.89M	113.04M	81.45M	80.03M
EBIT Margin	+12.4%	+13.2%	+19.6%	+27.0%	+29.6%
EBITDA	158.49M	153.88M	117.46M	81.82M	80.32M
EBITDA Margin	+13.6%	+14.6%	+20.4%	+27.1%	+29.7%
EBT Excluding Unusual Items	145.02M	140.66M	119.53M	82.65M	79.32M
Pretax Income	131.38M	121.53M	105.11M	132.88M	91.84M
Operating Income	143.74M	138.89M	113.04M	81.45M	80.03M
Operating Margin	+12.4%	+13.2%	+19.6%	+27.0%	+29.6%
Profit Margin	+10.0%	+10.4%	+18.3%	+44.1%	+34.0%
Net Income	115.62M	109.61M	105.34M	133.26M	91.84M
Net Income to Common	115.62M	109.61M	105.34M	133.26M	91.84M
Net Income Growth	+5.5%	+4.1%	-21.0%	+45.1%	+10.6%
Earnings From Continuing Ops.	114.47M	109.18M	105.09M	132.88M	91.84M
Minority Interest in Earnings	1.16M	0.43M	0.24M	0.37M	—
Income Tax Expense	16.91M	12.34M	0.02M	—	—
Effective Tax Rate	+12.9%	+10.2%	0.0%	—	—
Per Share & Capital
EPS (Basic)	0.77	0.73	0.70	0.89	0.61
EPS (Diluted)	0.77	0.73	0.70	0.89	0.61
EPS Growth	+5.5%	+4.1%	-21.0%	+45.1%	+10.6%
Dividend Per Share	0.57	0.33	0.67	—	—
Shares Outstanding (Basic)	150.00M	150.00M	150.00M	150.00M	150.00M
Shares Outstanding (Diluted)	150.00M	150.00M	150.00M	150.00M	150.00M
Dividend Growth	+70.0%	-50.0%	—	—	—
Free Cash Flow	92.29M	77.56M	142.56M	72.27M	108.98M
Free Cash Flow Margin	+7.9%	+7.4%	+24.7%	+23.9%	+40.3%
Free Cash Flow Per Share	0.62	0.52	0.95	0.48	0.73
Payout Ratio	+43.2%	+91.2%	—	—	—
Supplemental
Other Unusual Items	—	—	0.67M	-1.67M	—

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	1.16B	1.05B	0.58B	0.30B	0.27B
Cost of Revenue	943.07M	848.17M	438.72M	203.49M	176.86M
Gross Profit	218.91M	202.94M	137.78M	98.37M	93.47M
SG&A	55.92M	45.99M	26.45M	18.22M	11.61M
Operating Expenses	75.16M	64.05M	24.75M	16.92M	13.44M
Operating Income	143.74M	138.89M	113.04M	81.45M	80.03M
Interest Income	6.94M	7.85M	8.12M	3.65M	0.28M
Interest Expense	-12.21M	-16.37M	-4.69M	-2.41M	-0.99M
Other Income/Expense	3.15M	9.91M	3.54M	0.29M	—
Pretax Income	131.38M	121.53M	105.11M	132.88M	91.84M
Income Tax	16.91M	12.34M	0.02M	—	—
Net Income	115.62M	109.61M	105.34M	133.26M	91.84M
EBITDA	158.49M	153.88M	117.46M	81.82M	80.32M
EBIT	143.74M	138.89M	113.04M	81.45M	80.03M
EPS (Basic)	0.77	0.73	0.70	0.89	0.61
EPS (Diluted)	0.77	0.73	0.70	0.89	0.61
DPS	0.57	0.33	0.67	—	—
Margins & Efficiency
Gross Margin %	+18.8%	+19.3%	+23.9%	+32.6%	+34.6%
EBITDA Margin %	+13.6%	+14.6%	+20.4%	+27.1%	+29.7%
Net Margin %	+10.0%	+10.4%	+18.3%	+44.1%	+34.0%
Revenue & Income
Revenue	1.16B	1.05B	0.58B	0.30B	0.27B
Revenue Growth (YoY)	+10.5%	+82.3%	+91.0%	+11.7%	-7.2%
Interest & Investment Income	6.94M	7.85M	8.12M	3.65M	0.28M
Earnings From Equity Investments	3.41M	0.38M	-0.48M	-0.34M	—
Gain (Loss) on Sale of Investments	-10.86M	-19.13M	-15.08M	51.90M	12.51M
Expenses & Provisions
Cost of Revenue	943.07M	848.17M	438.72M	203.49M	176.86M
Selling, General & Admin	55.92M	45.99M	26.45M	18.22M	11.61M
Operating Expenses	75.16M	64.05M	24.75M	16.92M	13.44M
Interest Expense	-12.21M	-16.37M	-4.69M	-2.41M	-0.99M
Other Non Operating Income (Expenses)	3.15M	9.91M	3.54M	0.29M	—
Asset Writedown	-71.11K	—	—	—	—
Impairment of Goodwill	-2.72M	—	—	—	—
D&A For EBITDA	14.75M	15.00M	4.43M	0.36M	0.29M
Profitability & Returns
Gross Profit	218.91M	202.94M	137.78M	98.37M	93.47M
Gross Margin	+18.8%	+19.3%	+23.9%	+32.6%	+34.6%
EBIT	143.74M	138.89M	113.04M	81.45M	80.03M
EBIT Margin	+12.4%	+13.2%	+19.6%	+27.0%	+29.6%
EBITDA	158.49M	153.88M	117.46M	81.82M	80.32M
EBITDA Margin	+13.6%	+14.6%	+20.4%	+27.1%	+29.7%
EBT Excluding Unusual Items	145.02M	140.66M	119.53M	82.65M	79.32M
Pretax Income	131.38M	121.53M	105.11M	132.88M	91.84M
Operating Income	143.74M	138.89M	113.04M	81.45M	80.03M
Operating Margin	+12.4%	+13.2%	+19.6%	+27.0%	+29.6%
Profit Margin	+10.0%	+10.4%	+18.3%	+44.1%	+34.0%
Net Income	115.62M	109.61M	105.34M	133.26M	91.84M
Net Income to Common	115.62M	109.61M	105.34M	133.26M	91.84M
Net Income Growth	+5.5%	+4.1%	-21.0%	+45.1%	+10.6%
Earnings From Continuing Ops.	114.47M	109.18M	105.09M	132.88M	91.84M
Minority Interest in Earnings	1.16M	0.43M	0.24M	0.37M	—
Income Tax Expense	16.91M	12.34M	0.02M	—	—
Effective Tax Rate	+12.9%	+10.2%	0.0%	—	—
Per Share & Capital
EPS (Basic)	0.77	0.73	0.70	0.89	0.61
EPS (Diluted)	0.77	0.73	0.70	0.89	0.61
EPS Growth	+5.5%	+4.1%	-21.0%	+45.1%	+10.6%
Dividend Per Share	0.57	0.33	0.67	—	—
Shares Outstanding (Basic)	150.00M	150.00M	150.00M	150.00M	150.00M
Shares Outstanding (Diluted)	150.00M	150.00M	150.00M	150.00M	150.00M
Dividend Growth	+70.0%	-50.0%	—	—	—
Free Cash Flow	92.29M	77.56M	142.56M	72.27M	108.98M
Free Cash Flow Margin	+7.9%	+7.4%	+24.7%	+23.9%	+40.3%
Free Cash Flow Per Share	0.62	0.52	0.95	0.48	0.73
Payout Ratio	+43.2%	+91.2%	—	—	—
Supplemental
Other Unusual Items	—	—	0.67M	-1.67M	—