Abu Dhabi National Energy

Abu Dhabi National Energy Company

TAQAStocksAbu Dhabi Securities ExchangeUtilities

Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Quarterly (AED)

1-5

	Q4 2025Dec 31, 2025	Q3 2025Sep 30, 2025	Q2 2025Jun 30, 2025	Q1 2025Mar 31, 2025	Q4 2024Dec 31, 2024
Operating Summary
Revenue	12.14B	14.42B	—	14.20B	13.33B
Operating Income	2.29B	2.71B	—	2.62B	1.56B
Interest Income	295.00M	374.00M	—	416.00M	140.00M
Interest Expense	-367.00M	-736.00M	—	-734.00M	-376.00M
Pretax Income	1.64B	2.80B	—	2.34B	1.21B
Income Tax	0.53B	0.29B	—	0.19B	0.50B
Net Income	1.39B	2.37B	—	2.08B	0.75B
EBITDA	4.64B	5.03B	—	4.91B	3.72B
Utility Operating Expenses	9.85B	11.71B	—	11.59B	11.78B
EPS (Basic)	0.01	0.02	—	0.02	0.01
EPS (Diluted)	0.01	0.02	—	0.02	0.01
Margins & Efficiency
EBITDA Margin %	+38.2%	+34.9%	—	+34.5%	+27.9%
Net Margin %	+11.4%	+16.4%	—	+14.7%	+5.6%
Revenue & Income
Revenue	12.14B	14.42B	—	14.20B	13.33B
Revenue as Reported	12.14B	14.42B	—	14.20B	13.33B
Revenue Growth (YoY)	-9.0%	-0.4%	—	+3.8%	+8.2%
Interest Income	295.00M	374.00M	—	416.00M	140.00M
Income (Loss) on Equity Investments	184.00M	224.00M	—	-2.00M	13.00M
Gain (Loss) on Sale of Assets	191.00M	—	—	—	—
Gain (Loss) on Sale of Investments	—	—	—	—	—
Currency Exchange Gain (Loss)	-18.00M	-2.00M	—	-4.00M	11.00M
Expenses & Provisions
Selling, General & Admin	839.00M	578.00M	—	501.00M	951.00M
Total Operating Expenses	9.85B	11.71B	—	11.59B	11.78B
Interest Expense	-367.00M	-736.00M	—	-734.00M	-376.00M
Other Non-Operating Income (Expenses)	-17.00M	232.00M	—	46.00M	239.00M
Provision for Bad Debts	15.00M	—	—	—	36.00M
Asset Writedown	-954.00M	—	—	—	-378.00M
D&A For EBITDA	2.34B	2.32B	2.35B	2.29B	2.16B
Depreciation & Amortization	2.35B	2.32B	—	2.29B	2.20B
Profitability & Returns
EBIT	2.29B	2.71B	—	2.62B	1.56B
EBIT Margin	+18.9%	+18.8%	—	+18.4%	+11.7%
EBITDA	4.64B	5.03B	—	4.91B	3.72B
EBITDA Margin	+38.2%	+34.9%	—	+34.5%	+27.9%
EBT Excluding Unusual Items	2.37B	2.80B	—	2.34B	1.58B
Pretax Income	1.64B	2.80B	—	2.34B	1.21B
Operating Income	2.29B	2.71B	—	2.62B	1.56B
Profit Margin	+11.4%	+16.4%	—	+14.7%	+5.6%
Net Income	1.39B	2.37B	—	2.08B	0.75B
Net Income to Common	1.39B	2.37B	—	2.08B	0.75B
Net Income to Company	1.11B	2.52B	—	2.15B	0.71B
Net Income Growth	+84.9%	+26.6%	—	-5.5%	-46.8%
Earnings From Continuing Ops.	1.11B	2.51B	—	2.15B	0.70B
Earnings From Discontinued Ops.	—	12.00M	—	—	7.00M
Minority Interest in Earnings	275.00M	-150.00M	—	-69.00M	39.00M
Income Tax Expense	0.53B	0.29B	—	0.19B	0.50B
Effective Tax Rate	+32.2%	+10.4%	—	+8.0%	+41.6%
Net Interest Expense	-72.00M	-362.00M	—	-318.00M	-236.00M
Per Share & Capital
EPS (Basic)	0.01	0.02	—	0.02	0.01
EPS (Diluted)	0.01	0.02	—	0.02	0.01
EPS Growth	+84.9%	+26.6%	—	-5.5%	-46.8%
Dividend Per Share	—	0.01	—	0.01	0.02
Shares Change (YoY)	—	—	—	—	—
Shares Outstanding (Basic)	112.43B	112.43B	—	112.43B	112.43B
Shares Outstanding (Diluted)	112.43B	112.43B	—	112.43B	112.43B
Dividend Growth	—	+7.1%	—	+7.1%	-2.3%
Free Cash Flow	-1.55B	—	—	4.98B	3.89B
Free Cash Flow Margin	-12.8%	—	—	+35.0%	+29.1%
Free Cash Flow Per Share	-0.01	—	—	0.04	0.04
Payout Ratio	+60.9%	—	—	+113.4%	+104.9%
Supplemental
Insurance Settlements	32.00M	—	—	—	—
Other Operating Expenses	6.64B	8.81B	—	8.80B	8.59B

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Quarterly (AED)

1-5

	Q4 2025Dec 31, 2025	Q3 2025Sep 30, 2025	Q2 2025Jun 30, 2025	Q1 2025Mar 31, 2025	Q4 2024Dec 31, 2024
Operating Summary
Revenue	12.14B	14.42B	—	14.20B	13.33B
Operating Income	2.29B	2.71B	—	2.62B	1.56B
Interest Income	295.00M	374.00M	—	416.00M	140.00M
Interest Expense	-367.00M	-736.00M	—	-734.00M	-376.00M
Pretax Income	1.64B	2.80B	—	2.34B	1.21B
Income Tax	0.53B	0.29B	—	0.19B	0.50B
Net Income	1.39B	2.37B	—	2.08B	0.75B
EBITDA	4.64B	5.03B	—	4.91B	3.72B
Utility Operating Expenses	9.85B	11.71B	—	11.59B	11.78B
EPS (Basic)	0.01	0.02	—	0.02	0.01
EPS (Diluted)	0.01	0.02	—	0.02	0.01
Margins & Efficiency
EBITDA Margin %	+38.2%	+34.9%	—	+34.5%	+27.9%
Net Margin %	+11.4%	+16.4%	—	+14.7%	+5.6%
Revenue & Income
Revenue	12.14B	14.42B	—	14.20B	13.33B
Revenue as Reported	12.14B	14.42B	—	14.20B	13.33B
Revenue Growth (YoY)	-9.0%	-0.4%	—	+3.8%	+8.2%
Interest Income	295.00M	374.00M	—	416.00M	140.00M
Income (Loss) on Equity Investments	184.00M	224.00M	—	-2.00M	13.00M
Gain (Loss) on Sale of Assets	191.00M	—	—	—	—
Gain (Loss) on Sale of Investments	—	—	—	—	—
Currency Exchange Gain (Loss)	-18.00M	-2.00M	—	-4.00M	11.00M
Expenses & Provisions
Selling, General & Admin	839.00M	578.00M	—	501.00M	951.00M
Total Operating Expenses	9.85B	11.71B	—	11.59B	11.78B
Interest Expense	-367.00M	-736.00M	—	-734.00M	-376.00M
Other Non-Operating Income (Expenses)	-17.00M	232.00M	—	46.00M	239.00M
Provision for Bad Debts	15.00M	—	—	—	36.00M
Asset Writedown	-954.00M	—	—	—	-378.00M
D&A For EBITDA	2.34B	2.32B	2.35B	2.29B	2.16B
Depreciation & Amortization	2.35B	2.32B	—	2.29B	2.20B
Profitability & Returns
EBIT	2.29B	2.71B	—	2.62B	1.56B
EBIT Margin	+18.9%	+18.8%	—	+18.4%	+11.7%
EBITDA	4.64B	5.03B	—	4.91B	3.72B
EBITDA Margin	+38.2%	+34.9%	—	+34.5%	+27.9%
EBT Excluding Unusual Items	2.37B	2.80B	—	2.34B	1.58B
Pretax Income	1.64B	2.80B	—	2.34B	1.21B
Operating Income	2.29B	2.71B	—	2.62B	1.56B
Profit Margin	+11.4%	+16.4%	—	+14.7%	+5.6%
Net Income	1.39B	2.37B	—	2.08B	0.75B
Net Income to Common	1.39B	2.37B	—	2.08B	0.75B
Net Income to Company	1.11B	2.52B	—	2.15B	0.71B
Net Income Growth	+84.9%	+26.6%	—	-5.5%	-46.8%
Earnings From Continuing Ops.	1.11B	2.51B	—	2.15B	0.70B
Earnings From Discontinued Ops.	—	12.00M	—	—	7.00M
Minority Interest in Earnings	275.00M	-150.00M	—	-69.00M	39.00M
Income Tax Expense	0.53B	0.29B	—	0.19B	0.50B
Effective Tax Rate	+32.2%	+10.4%	—	+8.0%	+41.6%
Net Interest Expense	-72.00M	-362.00M	—	-318.00M	-236.00M
Per Share & Capital
EPS (Basic)	0.01	0.02	—	0.02	0.01
EPS (Diluted)	0.01	0.02	—	0.02	0.01
EPS Growth	+84.9%	+26.6%	—	-5.5%	-46.8%
Dividend Per Share	—	0.01	—	0.01	0.02
Shares Change (YoY)	—	—	—	—	—
Shares Outstanding (Basic)	112.43B	112.43B	—	112.43B	112.43B
Shares Outstanding (Diluted)	112.43B	112.43B	—	112.43B	112.43B
Dividend Growth	—	+7.1%	—	+7.1%	-2.3%
Free Cash Flow	-1.55B	—	—	4.98B	3.89B
Free Cash Flow Margin	-12.8%	—	—	+35.0%	+29.1%
Free Cash Flow Per Share	-0.01	—	—	0.04	0.04
Payout Ratio	+60.9%	—	—	+113.4%	+104.9%
Supplemental
Insurance Settlements	32.00M	—	—	—	—
Other Operating Expenses	6.64B	8.81B	—	8.80B	8.59B