Waha Capital

Waha Capital Company

WAHAStocksAbu Dhabi Securities ExchangeDiversified Financials

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	1.56B	1.35B	0.14B	0.11B	0.12B
Cost of Revenue	322.16M	278.55M	107.46M	90.37M	90.61M
Gross Profit	1.24B	1.07B	0.03B	0.02B	0.03B
SG&A	37.03M	50.65M	245.97M	166.58M	182.29M
Operating Expenses	115.75M	98.32M	184.81M	117.18M	138.64M
Operating Income	1.13B	0.98B	-0.15B	-0.10B	-0.11B
Interest Income	—	—	1.14B	0.48B	0.88B
Interest Expense	-176.86M	-308.98M	-191.68M	-136.62M	-94.00M
Pretax Income	1.28B	0.68B	0.82B	0.43B	0.64B
Income Tax	5.20M	0.31M	3.29M	—	—
Net Income	1.01B	0.38B	0.44B	0.34B	0.39B
EBITDA	1.13B	0.98B	-0.14B	-0.08B	-0.10B
EBIT	1.13B	0.98B	-0.15B	-0.10B	-0.11B
EPS (Basic)	0.54	0.21	0.23	0.18	0.21
EPS (Diluted)	0.54	0.21	0.23	0.18	0.21
DPS	0.10	0.10	0.10	0.08	0.08
Margins & Efficiency
Gross Margin %	+79.4%	+79.4%	+23.5%	+19.0%	+23.7%
EBITDA Margin %	+72.4%	+72.5%	-102.0%	-75.8%	-86.2%
Net Margin %	+64.7%	+28.2%	+313.4%	+308.8%	+329.4%
Revenue & Income
Revenue	1.56B	1.35B	0.14B	0.11B	0.12B
Revenue as Reported	1.90B	1.37B	—	—	—
Revenue Growth (YoY)	+15.7%	+862.7%	+25.9%	-6.1%	-60.6%
Operating Revenue	244.36M	150.11M	140.43M	111.52M	118.72M
Interest & Investment Income	—	—	1.14B	0.48B	0.88B
Other Revenue	1.32B	1.20B	—	—	—
Earnings From Equity Investments	—	—	5.06M	13.41M	-11.49M
Gain (Loss) on Sale of Assets	320.80M	—	—	0.55M	1.57M
Gain (Loss) on Sale of Investments	—	—	5.02M	160.74M	-27.46M
Expenses & Provisions
Cost of Revenue	322.16M	278.55M	107.46M	90.37M	90.61M
Selling, General & Admin	37.03M	50.65M	245.97M	166.58M	182.29M
Operating Expenses	115.75M	98.32M	184.81M	117.18M	138.64M
Other Operating Expenses	61.44M	29.31M	-74.85M	-57.24M	-51.45M
Interest Expense	-176.86M	-308.98M	-191.68M	-136.62M	-94.00M
Asset Writedown	12.51M	13.59M	15.06M	0.51M	—
Amortization of Goodwill & Intangibles	—	—	—	283.00K	257.00K
D&A For EBITDA	5.63M	5.63M	8.60M	11.46M	8.20M
Profitability & Returns
Gross Profit	1.24B	1.07B	0.03B	0.02B	0.03B
Gross Margin	+79.4%	+79.4%	+23.5%	+19.0%	+23.7%
EBIT	1.13B	0.98B	-0.15B	-0.10B	-0.11B
EBIT Margin	+72.0%	+72.1%	-108.1%	-86.1%	-93.1%
EBITDA	1.13B	0.98B	-0.14B	-0.08B	-0.10B
EBITDA Margin	+72.4%	+72.5%	-102.0%	-75.8%	-86.2%
EBT Excluding Unusual Items	949.19M	666.16M	803.36M	264.22M	662.40M
Pretax Income	1.28B	0.68B	0.82B	0.43B	0.64B
Operating Income	1.13B	0.98B	-0.15B	-0.10B	-0.11B
Operating Margin	+72.0%	+72.1%	-108.1%	-86.1%	-93.1%
Profit Margin	+64.7%	+28.2%	+313.4%	+308.8%	+329.4%
Net Income	1.01B	0.38B	0.44B	0.34B	0.39B
Net Income to Common	1.01B	0.38B	0.44B	0.34B	0.39B
Net Income to Company	1.28B	0.68B	0.82B	0.45B	0.61B
Net Income Growth	+165.6%	-13.4%	+27.8%	-11.9%	+69.3%
Earnings From Continuing Ops.	1.28B	0.68B	0.82B	0.43B	0.64B
Earnings From Discontinued Ops.	—	—	—	22.77M	-26.85M
Minority Interest in Earnings	-264.82M	-298.16M	-380.05M	-104.42M	-218.62M
Income Tax Expense	5.20M	0.31M	3.29M	—	—
Effective Tax Rate	+0.4%	0.0%	+0.4%	—	—
Per Share & Capital
EPS (Basic)	0.54	0.21	0.23	0.18	0.21
EPS (Diluted)	0.54	0.21	0.23	0.18	0.21
EPS Growth	+163.3%	-12.2%	+27.2%	-13.4%	+69.3%
Dividend Per Share	0.10	0.10	0.10	0.08	0.08
Shares Change (YoY)	0.01	-0.01	0	0.02	—
Shares Outstanding (Basic)	1.87B	1.85B	1.88B	1.87B	1.84B
Shares Outstanding (Diluted)	1.87B	1.85B	1.88B	1.87B	1.84B
Dividend Growth	—	—	+25.0%	+6.0%	+25.8%
Free Cash Flow	583.19M	-569.39M	-295.56M	-348.80M	415.30M
Free Cash Flow Margin	+37.3%	-42.1%	-210.5%	-312.8%	+349.8%
Free Cash Flow Per Share	0.31	-0.31	-0.16	-0.19	0.23
Payout Ratio	+18.6%	+49.4%	+34.2%	+40.3%	+28.2%

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	1.56B	1.35B	0.14B	0.11B	0.12B
Cost of Revenue	322.16M	278.55M	107.46M	90.37M	90.61M
Gross Profit	1.24B	1.07B	0.03B	0.02B	0.03B
SG&A	37.03M	50.65M	245.97M	166.58M	182.29M
Operating Expenses	115.75M	98.32M	184.81M	117.18M	138.64M
Operating Income	1.13B	0.98B	-0.15B	-0.10B	-0.11B
Interest Income	—	—	1.14B	0.48B	0.88B
Interest Expense	-176.86M	-308.98M	-191.68M	-136.62M	-94.00M
Pretax Income	1.28B	0.68B	0.82B	0.43B	0.64B
Income Tax	5.20M	0.31M	3.29M	—	—
Net Income	1.01B	0.38B	0.44B	0.34B	0.39B
EBITDA	1.13B	0.98B	-0.14B	-0.08B	-0.10B
EBIT	1.13B	0.98B	-0.15B	-0.10B	-0.11B
EPS (Basic)	0.54	0.21	0.23	0.18	0.21
EPS (Diluted)	0.54	0.21	0.23	0.18	0.21
DPS	0.10	0.10	0.10	0.08	0.08
Margins & Efficiency
Gross Margin %	+79.4%	+79.4%	+23.5%	+19.0%	+23.7%
EBITDA Margin %	+72.4%	+72.5%	-102.0%	-75.8%	-86.2%
Net Margin %	+64.7%	+28.2%	+313.4%	+308.8%	+329.4%
Revenue & Income
Revenue	1.56B	1.35B	0.14B	0.11B	0.12B
Revenue as Reported	1.90B	1.37B	—	—	—
Revenue Growth (YoY)	+15.7%	+862.7%	+25.9%	-6.1%	-60.6%
Operating Revenue	244.36M	150.11M	140.43M	111.52M	118.72M
Interest & Investment Income	—	—	1.14B	0.48B	0.88B
Other Revenue	1.32B	1.20B	—	—	—
Earnings From Equity Investments	—	—	5.06M	13.41M	-11.49M
Gain (Loss) on Sale of Assets	320.80M	—	—	0.55M	1.57M
Gain (Loss) on Sale of Investments	—	—	5.02M	160.74M	-27.46M
Expenses & Provisions
Cost of Revenue	322.16M	278.55M	107.46M	90.37M	90.61M
Selling, General & Admin	37.03M	50.65M	245.97M	166.58M	182.29M
Operating Expenses	115.75M	98.32M	184.81M	117.18M	138.64M
Other Operating Expenses	61.44M	29.31M	-74.85M	-57.24M	-51.45M
Interest Expense	-176.86M	-308.98M	-191.68M	-136.62M	-94.00M
Asset Writedown	12.51M	13.59M	15.06M	0.51M	—
Amortization of Goodwill & Intangibles	—	—	—	283.00K	257.00K
D&A For EBITDA	5.63M	5.63M	8.60M	11.46M	8.20M
Profitability & Returns
Gross Profit	1.24B	1.07B	0.03B	0.02B	0.03B
Gross Margin	+79.4%	+79.4%	+23.5%	+19.0%	+23.7%
EBIT	1.13B	0.98B	-0.15B	-0.10B	-0.11B
EBIT Margin	+72.0%	+72.1%	-108.1%	-86.1%	-93.1%
EBITDA	1.13B	0.98B	-0.14B	-0.08B	-0.10B
EBITDA Margin	+72.4%	+72.5%	-102.0%	-75.8%	-86.2%
EBT Excluding Unusual Items	949.19M	666.16M	803.36M	264.22M	662.40M
Pretax Income	1.28B	0.68B	0.82B	0.43B	0.64B
Operating Income	1.13B	0.98B	-0.15B	-0.10B	-0.11B
Operating Margin	+72.0%	+72.1%	-108.1%	-86.1%	-93.1%
Profit Margin	+64.7%	+28.2%	+313.4%	+308.8%	+329.4%
Net Income	1.01B	0.38B	0.44B	0.34B	0.39B
Net Income to Common	1.01B	0.38B	0.44B	0.34B	0.39B
Net Income to Company	1.28B	0.68B	0.82B	0.45B	0.61B
Net Income Growth	+165.6%	-13.4%	+27.8%	-11.9%	+69.3%
Earnings From Continuing Ops.	1.28B	0.68B	0.82B	0.43B	0.64B
Earnings From Discontinued Ops.	—	—	—	22.77M	-26.85M
Minority Interest in Earnings	-264.82M	-298.16M	-380.05M	-104.42M	-218.62M
Income Tax Expense	5.20M	0.31M	3.29M	—	—
Effective Tax Rate	+0.4%	0.0%	+0.4%	—	—
Per Share & Capital
EPS (Basic)	0.54	0.21	0.23	0.18	0.21
EPS (Diluted)	0.54	0.21	0.23	0.18	0.21
EPS Growth	+163.3%	-12.2%	+27.2%	-13.4%	+69.3%
Dividend Per Share	0.10	0.10	0.10	0.08	0.08
Shares Change (YoY)	0.01	-0.01	0	0.02	—
Shares Outstanding (Basic)	1.87B	1.85B	1.88B	1.87B	1.84B
Shares Outstanding (Diluted)	1.87B	1.85B	1.88B	1.87B	1.84B
Dividend Growth	—	—	+25.0%	+6.0%	+25.8%
Free Cash Flow	583.19M	-569.39M	-295.56M	-348.80M	415.30M
Free Cash Flow Margin	+37.3%	-42.1%	-210.5%	-312.8%	+349.8%
Free Cash Flow Per Share	0.31	-0.31	-0.16	-0.19	0.23
Payout Ratio	+18.6%	+49.4%	+34.2%	+40.3%	+28.2%