RAK Ceramics

RAK Ceramics PJSC

RAKCECStocksAbu Dhabi Securities ExchangeIndustrials

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	3.28B	3.23B	3.46B	3.52B	2.86B
Cost of Revenue	1.98B	1.97B	2.16B	2.21B	1.84B
Gross Profit	1.30B	1.26B	1.30B	1.31B	1.02B
SG&A	963.75M	909.05M	917.86M	978.42M	731.63M
Operating Expenses	854.30M	845.31M	839.02M	902.00M	727.57M
Operating Income	446.69M	412.98M	457.66M	407.61M	295.88M
Interest Income	3.12M	4.06M	6.43M	7.08M	6.18M
Interest Expense	-98.86M	-114.89M	-113.25M	-78.08M	-61.99M
Other Income/Expense	-25.67M	-20.03M	-8.24M	-45.63M	-9.19M
Pretax Income	331.82M	276.64M	345.47M	372.29M	300.89M
Income Tax	83.30M	42.56M	24.61M	32.18M	16.98M
Net Income	243.72M	221.09M	290.95M	302.82M	246.47M
EBITDA	627.35M	583.08M	617.36M	557.07M	438.67M
EBIT	446.69M	412.98M	457.66M	407.61M	295.88M
EPS (Basic)	0.25	0.22	0.29	0.30	0.25
EPS (Diluted)	0.25	0.22	0.29	0.30	0.25
DPS	0.20	0.20	0.20	0.20	0.20
Margins & Efficiency
Gross Margin %	+39.6%	+38.9%	+37.5%	+37.2%	+35.8%
EBITDA Margin %	+19.1%	+18.0%	+17.9%	+15.8%	+15.3%
Net Margin %	+7.4%	+6.8%	+8.4%	+8.6%	+8.6%
Revenue & Income
Revenue	3.28B	3.23B	3.46B	3.52B	2.86B
Revenue Growth (YoY)	+1.6%	-6.5%	-1.7%	+22.9%	+21.8%
Interest & Investment Income	3.12M	4.06M	6.43M	7.08M	6.18M
Earnings From Equity Investments	0.64M	-0.20M	1.27M	6.29M	16.59M
Gain (Loss) on Sale of Assets	0.04M	0.62M	—	43.47M	49.11M
Currency Exchange Gain (Loss)	5.14M	-7.32M	-1.64M	-0.60M	-6.45M
Expenses & Provisions
Advertising Expenses	74.53M	71.63M	77.20M	74.06M	34.61M
Cost of Revenue	1.98B	1.97B	2.16B	2.21B	1.84B
Selling, General & Admin	963.75M	909.05M	917.86M	978.42M	731.63M
Operating Expenses	854.30M	845.31M	839.02M	902.00M	727.57M
Other Operating Expenses	-119.63M	-82.39M	-115.57M	-101.94M	-34.91M
Interest Expense	-98.86M	-114.89M	-113.25M	-78.08M	-61.99M
Other Non Operating Income (Expenses)	-25.67M	-20.03M	-8.24M	-45.63M	-9.19M
Asset Writedown	—	—	—	-3.83M	0.56M
D&A For EBITDA	180.66M	170.11M	159.70M	149.46M	142.79M
Profitability & Returns
Gross Profit	1.30B	1.26B	1.30B	1.31B	1.02B
Gross Margin	+39.6%	+38.9%	+37.5%	+37.2%	+35.8%
EBIT	446.69M	412.98M	457.66M	407.61M	295.88M
EBIT Margin	+13.6%	+12.8%	+13.2%	+11.6%	+10.3%
EBITDA	627.35M	583.08M	617.36M	557.07M	438.67M
EBITDA Margin	+19.1%	+18.0%	+17.9%	+15.8%	+15.3%
EBT Excluding Unusual Items	331.04M	274.60M	342.23M	296.68M	241.03M
Pretax Income	331.82M	276.64M	345.47M	372.29M	300.89M
Operating Income	446.69M	412.98M	457.66M	407.61M	295.88M
Operating Margin	+13.6%	+12.8%	+13.2%	+11.6%	+10.3%
Profit Margin	+7.4%	+6.8%	+8.4%	+8.6%	+8.6%
Net Income	243.72M	221.09M	290.95M	302.82M	246.47M
Net Income to Common	243.72M	221.09M	290.95M	302.82M	246.47M
Net Income to Company	248.52M	234.08M	320.86M	340.11M	283.92M
Net Income Growth	+10.2%	-24.0%	-3.9%	+22.9%	—
Earnings From Continuing Ops.	248.52M	234.08M	320.86M	340.11M	283.92M
Minority Interest in Earnings	-4.81M	-12.99M	-29.91M	-37.29M	-37.45M
Income Tax Expense	83.30M	42.56M	24.61M	32.18M	16.98M
Effective Tax Rate	+25.1%	+15.4%	+7.1%	+8.6%	+5.6%
Per Share & Capital
EPS (Basic)	0.25	0.22	0.29	0.30	0.25
EPS (Diluted)	0.25	0.22	0.29	0.30	0.25
EPS Growth	+10.2%	-24.0%	-3.9%	+22.9%	—
Dividend Per Share	0.20	0.20	0.20	0.20	0.20
Shares Outstanding (Basic)	993.70M	993.70M	993.70M	993.70M	993.70M
Shares Outstanding (Diluted)	993.70M	993.70M	993.70M	993.70M	993.70M
Dividend Growth	—	—	—	—	+166.7%
Free Cash Flow	227.86M	393.02M	233.12M	303.34M	454.09M
Free Cash Flow Margin	+6.9%	+12.2%	+6.7%	+8.6%	+15.9%
Free Cash Flow Per Share	0.23	0.40	0.24	0.31	0.46
Payout Ratio	+81.5%	+89.9%	+68.3%	+65.6%	+70.6%
Supplemental
Other Unusual Items	—	—	—	32.37M	5.51M

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	3.28B	3.23B	3.46B	3.52B	2.86B
Cost of Revenue	1.98B	1.97B	2.16B	2.21B	1.84B
Gross Profit	1.30B	1.26B	1.30B	1.31B	1.02B
SG&A	963.75M	909.05M	917.86M	978.42M	731.63M
Operating Expenses	854.30M	845.31M	839.02M	902.00M	727.57M
Operating Income	446.69M	412.98M	457.66M	407.61M	295.88M
Interest Income	3.12M	4.06M	6.43M	7.08M	6.18M
Interest Expense	-98.86M	-114.89M	-113.25M	-78.08M	-61.99M
Other Income/Expense	-25.67M	-20.03M	-8.24M	-45.63M	-9.19M
Pretax Income	331.82M	276.64M	345.47M	372.29M	300.89M
Income Tax	83.30M	42.56M	24.61M	32.18M	16.98M
Net Income	243.72M	221.09M	290.95M	302.82M	246.47M
EBITDA	627.35M	583.08M	617.36M	557.07M	438.67M
EBIT	446.69M	412.98M	457.66M	407.61M	295.88M
EPS (Basic)	0.25	0.22	0.29	0.30	0.25
EPS (Diluted)	0.25	0.22	0.29	0.30	0.25
DPS	0.20	0.20	0.20	0.20	0.20
Margins & Efficiency
Gross Margin %	+39.6%	+38.9%	+37.5%	+37.2%	+35.8%
EBITDA Margin %	+19.1%	+18.0%	+17.9%	+15.8%	+15.3%
Net Margin %	+7.4%	+6.8%	+8.4%	+8.6%	+8.6%
Revenue & Income
Revenue	3.28B	3.23B	3.46B	3.52B	2.86B
Revenue Growth (YoY)	+1.6%	-6.5%	-1.7%	+22.9%	+21.8%
Interest & Investment Income	3.12M	4.06M	6.43M	7.08M	6.18M
Earnings From Equity Investments	0.64M	-0.20M	1.27M	6.29M	16.59M
Gain (Loss) on Sale of Assets	0.04M	0.62M	—	43.47M	49.11M
Currency Exchange Gain (Loss)	5.14M	-7.32M	-1.64M	-0.60M	-6.45M
Expenses & Provisions
Advertising Expenses	74.53M	71.63M	77.20M	74.06M	34.61M
Cost of Revenue	1.98B	1.97B	2.16B	2.21B	1.84B
Selling, General & Admin	963.75M	909.05M	917.86M	978.42M	731.63M
Operating Expenses	854.30M	845.31M	839.02M	902.00M	727.57M
Other Operating Expenses	-119.63M	-82.39M	-115.57M	-101.94M	-34.91M
Interest Expense	-98.86M	-114.89M	-113.25M	-78.08M	-61.99M
Other Non Operating Income (Expenses)	-25.67M	-20.03M	-8.24M	-45.63M	-9.19M
Asset Writedown	—	—	—	-3.83M	0.56M
D&A For EBITDA	180.66M	170.11M	159.70M	149.46M	142.79M
Profitability & Returns
Gross Profit	1.30B	1.26B	1.30B	1.31B	1.02B
Gross Margin	+39.6%	+38.9%	+37.5%	+37.2%	+35.8%
EBIT	446.69M	412.98M	457.66M	407.61M	295.88M
EBIT Margin	+13.6%	+12.8%	+13.2%	+11.6%	+10.3%
EBITDA	627.35M	583.08M	617.36M	557.07M	438.67M
EBITDA Margin	+19.1%	+18.0%	+17.9%	+15.8%	+15.3%
EBT Excluding Unusual Items	331.04M	274.60M	342.23M	296.68M	241.03M
Pretax Income	331.82M	276.64M	345.47M	372.29M	300.89M
Operating Income	446.69M	412.98M	457.66M	407.61M	295.88M
Operating Margin	+13.6%	+12.8%	+13.2%	+11.6%	+10.3%
Profit Margin	+7.4%	+6.8%	+8.4%	+8.6%	+8.6%
Net Income	243.72M	221.09M	290.95M	302.82M	246.47M
Net Income to Common	243.72M	221.09M	290.95M	302.82M	246.47M
Net Income to Company	248.52M	234.08M	320.86M	340.11M	283.92M
Net Income Growth	+10.2%	-24.0%	-3.9%	+22.9%	—
Earnings From Continuing Ops.	248.52M	234.08M	320.86M	340.11M	283.92M
Minority Interest in Earnings	-4.81M	-12.99M	-29.91M	-37.29M	-37.45M
Income Tax Expense	83.30M	42.56M	24.61M	32.18M	16.98M
Effective Tax Rate	+25.1%	+15.4%	+7.1%	+8.6%	+5.6%
Per Share & Capital
EPS (Basic)	0.25	0.22	0.29	0.30	0.25
EPS (Diluted)	0.25	0.22	0.29	0.30	0.25
EPS Growth	+10.2%	-24.0%	-3.9%	+22.9%	—
Dividend Per Share	0.20	0.20	0.20	0.20	0.20
Shares Outstanding (Basic)	993.70M	993.70M	993.70M	993.70M	993.70M
Shares Outstanding (Diluted)	993.70M	993.70M	993.70M	993.70M	993.70M
Dividend Growth	—	—	—	—	+166.7%
Free Cash Flow	227.86M	393.02M	233.12M	303.34M	454.09M
Free Cash Flow Margin	+6.9%	+12.2%	+6.7%	+8.6%	+15.9%
Free Cash Flow Per Share	0.23	0.40	0.24	0.31	0.46
Payout Ratio	+81.5%	+89.9%	+68.3%	+65.6%	+70.6%
Supplemental
Other Unusual Items	—	—	—	32.37M	5.51M