SPACE42

SPACE42 PLC

SPACE42StocksAbu Dhabi Securities ExchangeTechnology

Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

USD AED

Annual (USD)

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Operating Summary
Revenue	576.67M	331.21M	315.75M	214.63M	99.83M
Cost of Revenue	299.43M	207.27M	247.31M	127.66M	51.81M
Gross Profit	277.24M	123.94M	68.44M	86.97M	48.01M
SG&A	8.14M	5.27M	1.95M	20.18M	20.41M
Operating Expenses	375.72M	79.57M	12.77M	32.41M	21.76M
Operating Income	-98.48M	44.37M	55.67M	54.56M	26.26M
Interest Income	35.00M	13.59M	7.98M	1.20M	—
Interest Expense	-31.89M	-7.85M	-0.21M	-0.75M	—
Other Income/Expense	10.77M	3.98M	—	0.07M	-0.04M
Pretax Income	-89.14M	69.40M	63.28M	55.08M	26.21M
Income Tax	-3.20M	6.59M	—	—	—
Net Income	-83.41M	62.31M	63.28M	55.08M	26.21M
EBITDA	72.20M	84.36M	59.23M	57.58M	28.10M
EBIT	-98.48M	44.37M	55.67M	54.56M	26.26M
EPS (Basic)	-0.02	0.02	0.02	0.03	0.01
EPS (Diluted)	-0.02	0.02	0.02	0.03	0.01
Margins & Efficiency
Gross Margin %	+48.1%	+37.4%	+21.7%	+40.5%	+48.1%
EBITDA Margin %	+12.5%	+25.5%	+18.8%	+26.8%	+28.2%
Net Margin %	-14.5%	+18.8%	+20.0%	+25.7%	+26.3%
Revenue & Income
Revenue	576.67M	331.21M	315.75M	214.63M	99.83M
Revenue Growth (YoY)	+74.1%	+4.9%	+47.1%	+115.0%	+48.0%
Interest & Investment Income	35.00M	13.59M	7.98M	1.20M	—
Earnings From Equity Investments	-2.04M	-1.18M	—	—	—
Gain (Loss) on Sale of Assets	0.02M	12.58M	—	—	—
Currency Exchange Gain (Loss)	-1.11M	-1.34M	-0.16M	—	—
Expenses & Provisions
Cost of Revenue	299.43M	207.27M	247.31M	127.66M	51.81M
Selling, General & Admin	8.14M	5.27M	1.95M	20.18M	20.41M
Operating Expenses	375.72M	79.57M	12.77M	32.41M	21.76M
Other Operating Expenses	187.51M	32.08M	7.23M	10.35M	—
Interest Expense	-31.89M	-7.85M	-0.21M	-0.75M	—
Other Non Operating Income (Expenses)	10.77M	3.98M	—	0.07M	-0.04M
Asset Writedown	-9.74M	—	—	—	—
Amortization of Goodwill & Intangibles	—	—	—	66.28K	37.11K
D&A For EBITDA	170.68M	40.00M	3.56M	3.02M	1.84M
Profitability & Returns
Gross Profit	277.24M	123.94M	68.44M	86.97M	48.01M
Gross Margin	+48.1%	+37.4%	+21.7%	+40.5%	+48.1%
EBIT	-98.48M	44.37M	55.67M	54.56M	26.26M
EBIT Margin	-17.1%	+13.4%	+17.6%	+25.4%	+26.3%
EBITDA	72.20M	84.36M	59.23M	57.58M	28.10M
EBITDA Margin	+12.5%	+25.5%	+18.8%	+26.8%	+28.2%
EBT Excluding Unusual Items	-87.76M	51.57M	63.28M	55.08M	26.21M
Pretax Income	-89.14M	69.40M	63.28M	55.08M	26.21M
Operating Income	-98.48M	44.37M	55.67M	54.56M	26.26M
Operating Margin	-17.1%	+13.4%	+17.6%	+25.4%	+26.3%
Profit Margin	-14.5%	+18.8%	+20.0%	+25.7%	+26.3%
Net Income	-83.41M	62.31M	63.28M	55.08M	26.21M
Net Income to Common	-83.41M	62.31M	63.28M	55.08M	26.21M
Net Income Growth	—	-1.5%	+14.9%	+110.1%	+37.5%
Earnings From Continuing Ops.	-85.94M	62.81M	63.28M	55.08M	26.21M
Minority Interest in Earnings	2.53M	-0.50M	—	—	—
Income Tax Expense	-3.20M	6.59M	—	—	—
Effective Tax Rate	—	+9.5%	—	—	—
Per Share & Capital
EPS (Basic)	-0.02	0.02	0.02	0.03	0.01
EPS (Diluted)	-0.02	0.02	0.02	0.03	0.01
EPS Growth	—	-18.8%	-6.4%	+100.5%	-86.3%
Shares Change (YoY)	0.53	0.21	0.23	0.05	9
Shares Outstanding (Basic)	4.76B	3.12B	2.57B	2.10B	2.00B
Shares Outstanding (Diluted)	4.76B	3.12B	2.57B	2.10B	2.00B
Free Cash Flow	205.28M	328.25M	-21.17M	26.88M	-4.04M
Free Cash Flow Margin	+35.6%	+99.1%	-6.7%	+12.5%	-4.0%
Free Cash Flow Per Share	0.04	0.11	-0.01	0.01	-0.00
Supplemental
Other Unusual Items	—	1.86M	—	—	—

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

USD AED

Annual (USD)

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Operating Summary
Revenue	576.67M	331.21M	315.75M	214.63M	99.83M
Cost of Revenue	299.43M	207.27M	247.31M	127.66M	51.81M
Gross Profit	277.24M	123.94M	68.44M	86.97M	48.01M
SG&A	8.14M	5.27M	1.95M	20.18M	20.41M
Operating Expenses	375.72M	79.57M	12.77M	32.41M	21.76M
Operating Income	-98.48M	44.37M	55.67M	54.56M	26.26M
Interest Income	35.00M	13.59M	7.98M	1.20M	—
Interest Expense	-31.89M	-7.85M	-0.21M	-0.75M	—
Other Income/Expense	10.77M	3.98M	—	0.07M	-0.04M
Pretax Income	-89.14M	69.40M	63.28M	55.08M	26.21M
Income Tax	-3.20M	6.59M	—	—	—
Net Income	-83.41M	62.31M	63.28M	55.08M	26.21M
EBITDA	72.20M	84.36M	59.23M	57.58M	28.10M
EBIT	-98.48M	44.37M	55.67M	54.56M	26.26M
EPS (Basic)	-0.02	0.02	0.02	0.03	0.01
EPS (Diluted)	-0.02	0.02	0.02	0.03	0.01
Margins & Efficiency
Gross Margin %	+48.1%	+37.4%	+21.7%	+40.5%	+48.1%
EBITDA Margin %	+12.5%	+25.5%	+18.8%	+26.8%	+28.2%
Net Margin %	-14.5%	+18.8%	+20.0%	+25.7%	+26.3%
Revenue & Income
Revenue	576.67M	331.21M	315.75M	214.63M	99.83M
Revenue Growth (YoY)	+74.1%	+4.9%	+47.1%	+115.0%	+48.0%
Interest & Investment Income	35.00M	13.59M	7.98M	1.20M	—
Earnings From Equity Investments	-2.04M	-1.18M	—	—	—
Gain (Loss) on Sale of Assets	0.02M	12.58M	—	—	—
Currency Exchange Gain (Loss)	-1.11M	-1.34M	-0.16M	—	—
Expenses & Provisions
Cost of Revenue	299.43M	207.27M	247.31M	127.66M	51.81M
Selling, General & Admin	8.14M	5.27M	1.95M	20.18M	20.41M
Operating Expenses	375.72M	79.57M	12.77M	32.41M	21.76M
Other Operating Expenses	187.51M	32.08M	7.23M	10.35M	—
Interest Expense	-31.89M	-7.85M	-0.21M	-0.75M	—
Other Non Operating Income (Expenses)	10.77M	3.98M	—	0.07M	-0.04M
Asset Writedown	-9.74M	—	—	—	—
Amortization of Goodwill & Intangibles	—	—	—	66.28K	37.11K
D&A For EBITDA	170.68M	40.00M	3.56M	3.02M	1.84M
Profitability & Returns
Gross Profit	277.24M	123.94M	68.44M	86.97M	48.01M
Gross Margin	+48.1%	+37.4%	+21.7%	+40.5%	+48.1%
EBIT	-98.48M	44.37M	55.67M	54.56M	26.26M
EBIT Margin	-17.1%	+13.4%	+17.6%	+25.4%	+26.3%
EBITDA	72.20M	84.36M	59.23M	57.58M	28.10M
EBITDA Margin	+12.5%	+25.5%	+18.8%	+26.8%	+28.2%
EBT Excluding Unusual Items	-87.76M	51.57M	63.28M	55.08M	26.21M
Pretax Income	-89.14M	69.40M	63.28M	55.08M	26.21M
Operating Income	-98.48M	44.37M	55.67M	54.56M	26.26M
Operating Margin	-17.1%	+13.4%	+17.6%	+25.4%	+26.3%
Profit Margin	-14.5%	+18.8%	+20.0%	+25.7%	+26.3%
Net Income	-83.41M	62.31M	63.28M	55.08M	26.21M
Net Income to Common	-83.41M	62.31M	63.28M	55.08M	26.21M
Net Income Growth	—	-1.5%	+14.9%	+110.1%	+37.5%
Earnings From Continuing Ops.	-85.94M	62.81M	63.28M	55.08M	26.21M
Minority Interest in Earnings	2.53M	-0.50M	—	—	—
Income Tax Expense	-3.20M	6.59M	—	—	—
Effective Tax Rate	—	+9.5%	—	—	—
Per Share & Capital
EPS (Basic)	-0.02	0.02	0.02	0.03	0.01
EPS (Diluted)	-0.02	0.02	0.02	0.03	0.01
EPS Growth	—	-18.8%	-6.4%	+100.5%	-86.3%
Shares Change (YoY)	0.53	0.21	0.23	0.05	9
Shares Outstanding (Basic)	4.76B	3.12B	2.57B	2.10B	2.00B
Shares Outstanding (Diluted)	4.76B	3.12B	2.57B	2.10B	2.00B
Free Cash Flow	205.28M	328.25M	-21.17M	26.88M	-4.04M
Free Cash Flow Margin	+35.6%	+99.1%	-6.7%	+12.5%	-4.0%
Free Cash Flow Per Share	0.04	0.11	-0.01	0.01	-0.00
Supplemental
Other Unusual Items	—	1.86M	—	—	—