RAK Properties

RAKPROPStocksAbu Dhabi Securities ExchangeReal Estate

Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual (AED)

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Operating Summary
Revenue	1.84B	1.41B	1.00B	0.41B	0.52B
Cost of Revenue	1.13B	0.86B	0.64B	0.27B	0.32B
Gross Profit	707.82M	542.92M	365.22M	140.51M	194.93M
SG&A	215.28M	183.93M	109.63M	73.40M	31.34M
Operating Expenses	263.30M	244.42M	134.41M	79.20M	-15.75M
Operating Income	444.52M	298.51M	230.82M	61.30M	210.68M
Interest Income	18.31M	18.61M	13.61M	7.28M	7.61M
Interest Expense	-71.80M	-86.66M	-54.45M	-38.82M	-11.87M
Other Income/Expense	-2.56M	6.08M	-11.68M	-2.81M	-0.85M
Pretax Income	443.83M	308.16M	201.82M	30.79M	201.47M
Income Tax	39.53M	27.24M	—	—	—
Net Income	404.30M	280.92M	201.82M	30.79M	201.47M
EBITDA	514.89M	370.26M	267.02M	94.21M	220.71M
EBIT	444.52M	298.51M	230.82M	61.30M	210.68M
EPS (Basic)	0.14	0.11	0.10	0.01	0.10
EPS (Diluted)	0.14	0.11	0.10	0.01	0.10
DPS	—	—	0.03	—	—
Margins & Efficiency
Gross Margin %	+38.5%	+38.6%	+36.3%	+34.4%	+37.8%
EBITDA Margin %	+28.0%	+26.3%	+26.6%	+23.1%	+42.8%
Net Margin %	+22.0%	+20.0%	+20.1%	+7.5%	+39.1%
Revenue & Income
Revenue	1.84B	1.41B	1.00B	0.41B	0.52B
Revenue Growth (YoY)	+30.7%	+39.9%	+146.2%	-20.8%	+111.8%
Interest & Investment Income	18.31M	18.61M	13.61M	7.28M	7.61M
Earnings From Equity Investments	6.07M	8.98M	0.07M	—	—
Gain (Loss) on Sale of Assets	5.91M	—	—	—	—
Gain (Loss) on Sale of Investments	—	-3.25M	-2.20M	0.26M	1.26M
Expenses & Provisions
Advertising Expenses	59.94M	54.92M	32.03M	17.05M	6.60M
Cost of Revenue	1.13B	0.86B	0.64B	0.27B	0.32B
Selling, General & Admin	215.28M	183.93M	109.63M	73.40M	31.34M
Operating Expenses	263.30M	244.42M	134.41M	79.20M	-15.75M
Other Operating Expenses	-30.13M	-7.91M	-8.56M	-25.88M	-62.20M
Interest Expense	-71.80M	-86.66M	-54.45M	-38.82M	-11.87M
Other Non Operating Income (Expenses)	-2.56M	6.08M	-11.68M	-2.81M	-0.85M
Asset Writedown	43.37M	65.90M	25.65M	3.57M	0.91M
D&A For EBITDA	70.37M	71.76M	36.20M	32.91M	10.03M
Profitability & Returns
Gross Profit	707.82M	542.92M	365.22M	140.51M	194.93M
Gross Margin	+38.5%	+38.6%	+36.3%	+34.4%	+37.8%
EBIT	444.52M	298.51M	230.82M	61.30M	210.68M
EBIT Margin	+24.2%	+21.2%	+23.0%	+15.0%	+40.9%
EBITDA	514.89M	370.26M	267.02M	94.21M	220.71M
EBITDA Margin	+28.0%	+26.3%	+26.6%	+23.1%	+42.8%
EBT Excluding Unusual Items	394.55M	245.51M	178.37M	26.96M	205.58M
Pretax Income	443.83M	308.16M	201.82M	30.79M	201.47M
Operating Income	444.52M	298.51M	230.82M	61.30M	210.68M
Operating Margin	+24.2%	+21.2%	+23.0%	+15.0%	+40.9%
Profit Margin	+22.0%	+20.0%	+20.1%	+7.5%	+39.1%
Net Income	404.30M	280.92M	201.82M	30.79M	201.47M
Net Income to Common	404.30M	280.92M	201.82M	30.79M	201.47M
Net Income Growth	+43.9%	+39.2%	+555.5%	-84.7%	+77.5%
Income Tax Expense	39.53M	27.24M	—	—	—
Effective Tax Rate	+8.9%	+8.8%	—	—	—
Per Share & Capital
EPS (Basic)	0.14	0.11	0.10	0.01	0.10
EPS (Diluted)	0.14	0.11	0.10	0.01	0.10
EPS Growth	+22.1%	+14.0%	+555.5%	-84.7%	+77.5%
Dividend Per Share	—	—	0.03	—	—
Shares Change (YoY)	0.18	0.22	—	—	—
Shares Outstanding (Basic)	2.99B	2.54B	2.08B	2.08B	2.08B
Shares Outstanding (Diluted)	2.99B	2.54B	2.08B	2.08B	2.08B
Free Cash Flow	158.72M	166.80M	221.57M	17.42M	-224.19M
Free Cash Flow Margin	+8.6%	+11.9%	+22.0%	+4.3%	-43.5%
Free Cash Flow Per Share	0.05	0.07	0.11	0.01	-0.11
Payout Ratio	0.0%	+21.4%	+16.5%	+13.5%	+0.1%
Supplemental
Other Unusual Items	—	—	—	—	-6.26M

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	1.84B	1.41B	1.00B	0.41B	0.52B
Cost of Revenue	1.13B	0.86B	0.64B	0.27B	0.32B
Gross Profit	707.82M	542.92M	365.22M	140.51M	194.93M
SG&A	215.28M	183.93M	109.63M	73.40M	31.34M
Operating Expenses	263.30M	244.42M	134.41M	79.20M	-15.75M
Operating Income	444.52M	298.51M	230.82M	61.30M	210.68M
Interest Income	18.31M	18.61M	13.61M	7.28M	7.61M
Interest Expense	-71.80M	-86.66M	-54.45M	-38.82M	-11.87M
Other Income/Expense	-2.56M	6.08M	-11.68M	-2.81M	-0.85M
Pretax Income	443.83M	308.16M	201.82M	30.79M	201.47M
Income Tax	39.53M	27.24M	—	—	—
Net Income	404.30M	280.92M	201.82M	30.79M	201.47M
EBITDA	514.89M	370.26M	267.02M	94.21M	220.71M
EBIT	444.52M	298.51M	230.82M	61.30M	210.68M
EPS (Basic)	0.14	0.11	0.10	0.01	0.10
EPS (Diluted)	0.14	0.11	0.10	0.01	0.10
DPS	—	—	0.03	—	—
Margins & Efficiency
Gross Margin %	+38.5%	+38.6%	+36.3%	+34.4%	+37.8%
EBITDA Margin %	+28.0%	+26.3%	+26.6%	+23.1%	+42.8%
Net Margin %	+22.0%	+20.0%	+20.1%	+7.5%	+39.1%
Revenue & Income
Revenue	1.84B	1.41B	1.00B	0.41B	0.52B
Revenue Growth (YoY)	+30.7%	+39.9%	+146.2%	-20.8%	+111.8%
Interest & Investment Income	18.31M	18.61M	13.61M	7.28M	7.61M
Earnings From Equity Investments	6.07M	8.98M	0.07M	—	—
Gain (Loss) on Sale of Assets	5.91M	—	—	—	—
Gain (Loss) on Sale of Investments	—	-3.25M	-2.20M	0.26M	1.26M
Expenses & Provisions
Advertising Expenses	59.94M	54.92M	32.03M	17.05M	6.60M
Cost of Revenue	1.13B	0.86B	0.64B	0.27B	0.32B
Selling, General & Admin	215.28M	183.93M	109.63M	73.40M	31.34M
Operating Expenses	263.30M	244.42M	134.41M	79.20M	-15.75M
Other Operating Expenses	-30.13M	-7.91M	-8.56M	-25.88M	-62.20M
Interest Expense	-71.80M	-86.66M	-54.45M	-38.82M	-11.87M
Other Non Operating Income (Expenses)	-2.56M	6.08M	-11.68M	-2.81M	-0.85M
Asset Writedown	43.37M	65.90M	25.65M	3.57M	0.91M
D&A For EBITDA	70.37M	71.76M	36.20M	32.91M	10.03M
Profitability & Returns
Gross Profit	707.82M	542.92M	365.22M	140.51M	194.93M
Gross Margin	+38.5%	+38.6%	+36.3%	+34.4%	+37.8%
EBIT	444.52M	298.51M	230.82M	61.30M	210.68M
EBIT Margin	+24.2%	+21.2%	+23.0%	+15.0%	+40.9%
EBITDA	514.89M	370.26M	267.02M	94.21M	220.71M
EBITDA Margin	+28.0%	+26.3%	+26.6%	+23.1%	+42.8%
EBT Excluding Unusual Items	394.55M	245.51M	178.37M	26.96M	205.58M
Pretax Income	443.83M	308.16M	201.82M	30.79M	201.47M
Operating Income	444.52M	298.51M	230.82M	61.30M	210.68M
Operating Margin	+24.2%	+21.2%	+23.0%	+15.0%	+40.9%
Profit Margin	+22.0%	+20.0%	+20.1%	+7.5%	+39.1%
Net Income	404.30M	280.92M	201.82M	30.79M	201.47M
Net Income to Common	404.30M	280.92M	201.82M	30.79M	201.47M
Net Income Growth	+43.9%	+39.2%	+555.5%	-84.7%	+77.5%
Income Tax Expense	39.53M	27.24M	—	—	—
Effective Tax Rate	+8.9%	+8.8%	—	—	—
Per Share & Capital
EPS (Basic)	0.14	0.11	0.10	0.01	0.10
EPS (Diluted)	0.14	0.11	0.10	0.01	0.10
EPS Growth	+22.1%	+14.0%	+555.5%	-84.7%	+77.5%
Dividend Per Share	—	—	0.03	—	—
Shares Change (YoY)	0.18	0.22	—	—	—
Shares Outstanding (Basic)	2.99B	2.54B	2.08B	2.08B	2.08B
Shares Outstanding (Diluted)	2.99B	2.54B	2.08B	2.08B	2.08B
Free Cash Flow	158.72M	166.80M	221.57M	17.42M	-224.19M
Free Cash Flow Margin	+8.6%	+11.9%	+22.0%	+4.3%	-43.5%
Free Cash Flow Per Share	0.05	0.07	0.11	0.01	-0.11
Payout Ratio	0.0%	+21.4%	+16.5%	+13.5%	+0.1%
Supplemental
Other Unusual Items	—	—	—	—	-6.26M