ALEC HOLDINGS

ALEC Holdings PJSC

ALECStocksDubai Financial MarketConsumer Discretionary

Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (AED)

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022
Operating Summary
Revenue	12.60B	8.10B	6.28B	3.60B
Cost of Revenue	11.28B	7.26B	5.64B	3.21B
Gross Profit	1.32B	0.84B	0.63B	0.39B
SG&A	481.01M	353.27M	305.54M	187.29M
Operating Expenses	481.01M	353.27M	305.54M	187.29M
Operating Income	841.98M	482.93M	327.46M	203.21M
Interest Income	21.91M	16.14M	10.43M	2.05M
Interest Expense	-76.04M	-76.99M	-81.71M	-15.00M
Other Income/Expense	24.96M	-14.77M	—	—
Pretax Income	790.23M	386.42M	243.42M	188.97M
Income Tax	103.14M	23.51M	5.09M	3.23M
Net Income	686.20M	362.42M	236.25M	184.54M
EBITDA	1.06B	0.62B	0.42B	0.25B
EBIT	841.98M	482.93M	327.46M	203.21M
EPS (Basic)	0.14	0.07	0.05	0.04
EPS (Diluted)	0.14	0.07	0.05	0.04
DPS	0.05	0.05	48,507.00	5.60
Margins & Efficiency
Gross Margin %	+10.5%	+10.3%	+10.1%	+10.9%
EBITDA Margin %	+8.4%	+7.6%	+6.7%	+6.9%
Net Margin %	+5.4%	+4.5%	+3.8%	+5.1%
Revenue & Income
Revenue	12.60B	8.10B	6.28B	3.60B
Revenue Growth (YoY)	+55.6%	+29.1%	+74.4%	—
Interest & Investment Income	21.91M	16.14M	10.43M	2.05M
Earnings From Equity Investments	-1.82M	-0.03M	-0.18M	-2.54M
Gain (Loss) on Sale of Investments	-20.76M	-20.87M	-12.58M	1.24M
Expenses & Provisions
Cost of Revenue	11.28B	7.26B	5.64B	3.21B
Selling, General & Admin	481.01M	353.27M	305.54M	187.29M
Operating Expenses	481.01M	353.27M	305.54M	187.29M
Interest Expense	-76.04M	-76.99M	-81.71M	-15.00M
Other Non Operating Income (Expenses)	24.96M	-14.77M	—	—
D&A For EBITDA	215.81M	132.55M	94.83M	44.32M
Profitability & Returns
Gross Profit	1.32B	0.84B	0.63B	0.39B
Gross Margin	+10.5%	+10.3%	+10.1%	+10.9%
EBIT	841.98M	482.93M	327.46M	203.21M
EBIT Margin	+6.7%	+6.0%	+5.2%	+5.6%
EBITDA	1.06B	0.62B	0.42B	0.25B
EBITDA Margin	+8.4%	+7.6%	+6.7%	+6.9%
EBT Excluding Unusual Items	810.99M	407.29M	256.00M	187.73M
Pretax Income	790.23M	386.42M	243.42M	188.97M
Operating Income	841.98M	482.93M	327.46M	203.21M
Operating Margin	+6.7%	+6.0%	+5.2%	+5.6%
Profit Margin	+5.4%	+4.5%	+3.8%	+5.1%
Net Income	686.20M	362.42M	236.25M	184.54M
Net Income to Common	686.20M	362.42M	236.25M	184.54M
Net Income Growth	+89.3%	+53.4%	+28.0%	—
Earnings From Continuing Ops.	687.09M	362.91M	238.32M	185.74M
Minority Interest in Earnings	-0.89M	-0.49M	-2.08M	-1.20M
Income Tax Expense	103.14M	23.51M	5.09M	3.23M
Effective Tax Rate	+13.1%	+6.1%	+2.1%	+1.7%
Per Share & Capital
EPS (Basic)	0.14	0.07	0.05	0.04
EPS (Diluted)	0.14	0.07	0.05	0.04
EPS Growth	+89.3%	+53.4%	+28.0%	—
Dividend Per Share	0.05	0.05	48,507.00	5.60
Shares Outstanding (Basic)	5.00B	5.00B	5.00B	5.00B
Shares Outstanding (Diluted)	5.00B	5.00B	5.00B	5.00B
Dividend Growth	-5.7%	-100.0%	+866,096.4%	—
Free Cash Flow	971.88M	730.34M	4.39M	233.40M
Free Cash Flow Margin	+7.7%	+9.0%	+0.1%	+6.5%
Free Cash Flow Per Share	0.19	0.15	0.00	0.05
Payout Ratio	+38.6%	+66.9%	+42.3%	+46.1%

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (AED)

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022
Operating Summary
Revenue	12.60B	8.10B	6.28B	3.60B
Cost of Revenue	11.28B	7.26B	5.64B	3.21B
Gross Profit	1.32B	0.84B	0.63B	0.39B
SG&A	481.01M	353.27M	305.54M	187.29M
Operating Expenses	481.01M	353.27M	305.54M	187.29M
Operating Income	841.98M	482.93M	327.46M	203.21M
Interest Income	21.91M	16.14M	10.43M	2.05M
Interest Expense	-76.04M	-76.99M	-81.71M	-15.00M
Other Income/Expense	24.96M	-14.77M	—	—
Pretax Income	790.23M	386.42M	243.42M	188.97M
Income Tax	103.14M	23.51M	5.09M	3.23M
Net Income	686.20M	362.42M	236.25M	184.54M
EBITDA	1.06B	0.62B	0.42B	0.25B
EBIT	841.98M	482.93M	327.46M	203.21M
EPS (Basic)	0.14	0.07	0.05	0.04
EPS (Diluted)	0.14	0.07	0.05	0.04
DPS	0.05	0.05	48,507.00	5.60
Margins & Efficiency
Gross Margin %	+10.5%	+10.3%	+10.1%	+10.9%
EBITDA Margin %	+8.4%	+7.6%	+6.7%	+6.9%
Net Margin %	+5.4%	+4.5%	+3.8%	+5.1%
Revenue & Income
Revenue	12.60B	8.10B	6.28B	3.60B
Revenue Growth (YoY)	+55.6%	+29.1%	+74.4%	—
Interest & Investment Income	21.91M	16.14M	10.43M	2.05M
Earnings From Equity Investments	-1.82M	-0.03M	-0.18M	-2.54M
Gain (Loss) on Sale of Investments	-20.76M	-20.87M	-12.58M	1.24M
Expenses & Provisions
Cost of Revenue	11.28B	7.26B	5.64B	3.21B
Selling, General & Admin	481.01M	353.27M	305.54M	187.29M
Operating Expenses	481.01M	353.27M	305.54M	187.29M
Interest Expense	-76.04M	-76.99M	-81.71M	-15.00M
Other Non Operating Income (Expenses)	24.96M	-14.77M	—	—
D&A For EBITDA	215.81M	132.55M	94.83M	44.32M
Profitability & Returns
Gross Profit	1.32B	0.84B	0.63B	0.39B
Gross Margin	+10.5%	+10.3%	+10.1%	+10.9%
EBIT	841.98M	482.93M	327.46M	203.21M
EBIT Margin	+6.7%	+6.0%	+5.2%	+5.6%
EBITDA	1.06B	0.62B	0.42B	0.25B
EBITDA Margin	+8.4%	+7.6%	+6.7%	+6.9%
EBT Excluding Unusual Items	810.99M	407.29M	256.00M	187.73M
Pretax Income	790.23M	386.42M	243.42M	188.97M
Operating Income	841.98M	482.93M	327.46M	203.21M
Operating Margin	+6.7%	+6.0%	+5.2%	+5.6%
Profit Margin	+5.4%	+4.5%	+3.8%	+5.1%
Net Income	686.20M	362.42M	236.25M	184.54M
Net Income to Common	686.20M	362.42M	236.25M	184.54M
Net Income Growth	+89.3%	+53.4%	+28.0%	—
Earnings From Continuing Ops.	687.09M	362.91M	238.32M	185.74M
Minority Interest in Earnings	-0.89M	-0.49M	-2.08M	-1.20M
Income Tax Expense	103.14M	23.51M	5.09M	3.23M
Effective Tax Rate	+13.1%	+6.1%	+2.1%	+1.7%
Per Share & Capital
EPS (Basic)	0.14	0.07	0.05	0.04
EPS (Diluted)	0.14	0.07	0.05	0.04
EPS Growth	+89.3%	+53.4%	+28.0%	—
Dividend Per Share	0.05	0.05	48,507.00	5.60
Shares Outstanding (Basic)	5.00B	5.00B	5.00B	5.00B
Shares Outstanding (Diluted)	5.00B	5.00B	5.00B	5.00B
Dividend Growth	-5.7%	-100.0%	+866,096.4%	—
Free Cash Flow	971.88M	730.34M	4.39M	233.40M
Free Cash Flow Margin	+7.7%	+9.0%	+0.1%	+6.5%
Free Cash Flow Per Share	0.19	0.15	0.00	0.05
Payout Ratio	+38.6%	+66.9%	+42.3%	+46.1%