Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual (AED)

1-5

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Operating Summary
Revenue	140.24M	126.34M	122.39M	81.15M	63.38M
Operating Income	45.79M	39.59M	31.06M	18.54M	11.65M
Interest Income	1.22M	2.84M	0.27M	0.12M	0.05M
Pretax Income	47.36M	41.15M	35.34M	19.82M	12.99M
Income Tax	4.28M	3.67M	—	—	—
Net Income	43.08M	37.48M	35.34M	19.82M	12.99M
Net Interest Income	-62.96M	-31.89M	-9.78M	-2.79M	-0.59M
Broker Commission	65.71M	55.84M	77.49M	53.15M	41.15M
EPS (Basic)	0.15	0.17	0.17	0.09	0.06
EPS (Diluted)	0.15	0.17	0.17	0.09	0.06
DPS	0.04	—	0.06	—	—
Margins & Efficiency
Net Margin %	+30.7%	+29.7%	+28.9%	+24.4%	+20.5%
Revenue & Income
Revenue	140.24M	126.34M	122.39M	81.15M	63.38M
Revenue as Reported	205.98M	162.63M	136.73M	85.34M	65.36M
Revenue Growth (YoY)	+11.0%	+3.2%	+50.8%	+28.0%	+61.3%
Broker Commission	65.71M	55.84M	77.49M	53.15M	41.15M
Trade Principal	103.31M	85.63M	46.28M	22.04M	16.68M
Other Revenue CM	12.81M	12.52M	3.59M	3.69M	3.41M
Gain Invest Rev	21.38M	4.23M	4.81M	5.05M	2.73M
Currency Exchange Gain (Loss)	1.52M	1.56M	4.28M	1.23M	1.34M
Currency Gains CM	1.52M	1.56M	4.28M	1.23M	1.34M
Expenses & Provisions
Cost Of Services Provided	29.56M	26.45M	28.80M	20.92M	12.69M
Total Operating Expenses CM	94.44M	86.75M	91.33M	62.61M	51.73M
Salaries and Employee Benefits	61.86M	59.56M	61.40M	38.91M	31.84M
Asset Writedown	47.36K	—	—	—	—
Profitability & Returns
EBT Excluding Unusual Items	47.31M	41.15M	35.34M	19.76M	12.99M
Pretax Income	47.36M	41.15M	35.34M	19.82M	12.99M
Operating Income	45.79M	39.59M	31.06M	18.54M	11.65M
Operating Margin	+32.7%	+31.3%	+25.4%	+22.8%	+18.4%
Profit Margin	+30.7%	+29.7%	+28.9%	+24.4%	+20.5%
Net Income	43.08M	37.48M	35.34M	19.82M	12.99M
Net Income to Common	43.08M	37.48M	35.34M	19.82M	12.99M
Net Income Growth	+14.9%	+6.0%	+78.3%	+52.7%	+125.0%
Income Tax Expense	4.28M	3.67M	—	—	—
Effective Tax Rate	+9.0%	+8.9%	—	—	—
Per Share & Capital
EPS (Basic)	0.15	0.17	0.17	0.09	0.06
EPS (Diluted)	0.15	0.17	0.17	0.09	0.06
EPS Growth	-7.5%	-0.6%	+85.0%	+59.4%	+631.6%
Dividend Per Share	0.04	—	0.06	—	—
Shares Change (YoY)	0.24	0.07	-0.04	-0.04	-0.69
Shares Outstanding (Basic)	281.71M	226.60M	212.32M	220.26M	230.00M
Shares Outstanding (Diluted)	281.71M	226.60M	212.32M	220.26M	230.00M
Free Cash Flow	49.59M	49.85M	-299.80M	-15.35M	3.82M
Free Cash Flow Margin	+35.4%	+39.5%	-245.0%	-18.9%	+6.0%
Free Cash Flow Per Share	0.18	0.22	-1.41	-0.07	0.02
Payout Ratio	—	+35.9%	—	—	—
Supplemental
Int Exp CM	64.18M	34.73M	10.05M	2.91M	0.64M
Int Inc CM	1.22M	2.84M	0.27M	0.12M	0.05M
Net Int Inc CM	-62.96M	-31.89M	-9.78M	-2.79M	-0.59M

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (AED)

1-5

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Operating Summary
Revenue	140.24M	126.34M	122.39M	81.15M	63.38M
Operating Income	45.79M	39.59M	31.06M	18.54M	11.65M
Interest Income	1.22M	2.84M	0.27M	0.12M	0.05M
Pretax Income	47.36M	41.15M	35.34M	19.82M	12.99M
Income Tax	4.28M	3.67M	—	—	—
Net Income	43.08M	37.48M	35.34M	19.82M	12.99M
Net Interest Income	-62.96M	-31.89M	-9.78M	-2.79M	-0.59M
Broker Commission	65.71M	55.84M	77.49M	53.15M	41.15M
EPS (Basic)	0.15	0.17	0.17	0.09	0.06
EPS (Diluted)	0.15	0.17	0.17	0.09	0.06
DPS	0.04	—	0.06	—	—
Margins & Efficiency
Net Margin %	+30.7%	+29.7%	+28.9%	+24.4%	+20.5%
Revenue & Income
Revenue	140.24M	126.34M	122.39M	81.15M	63.38M
Revenue as Reported	205.98M	162.63M	136.73M	85.34M	65.36M
Revenue Growth (YoY)	+11.0%	+3.2%	+50.8%	+28.0%	+61.3%
Broker Commission	65.71M	55.84M	77.49M	53.15M	41.15M
Trade Principal	103.31M	85.63M	46.28M	22.04M	16.68M
Other Revenue CM	12.81M	12.52M	3.59M	3.69M	3.41M
Gain Invest Rev	21.38M	4.23M	4.81M	5.05M	2.73M
Currency Exchange Gain (Loss)	1.52M	1.56M	4.28M	1.23M	1.34M
Currency Gains CM	1.52M	1.56M	4.28M	1.23M	1.34M
Expenses & Provisions
Cost Of Services Provided	29.56M	26.45M	28.80M	20.92M	12.69M
Total Operating Expenses CM	94.44M	86.75M	91.33M	62.61M	51.73M
Salaries and Employee Benefits	61.86M	59.56M	61.40M	38.91M	31.84M
Asset Writedown	47.36K	—	—	—	—
Profitability & Returns
EBT Excluding Unusual Items	47.31M	41.15M	35.34M	19.76M	12.99M
Pretax Income	47.36M	41.15M	35.34M	19.82M	12.99M
Operating Income	45.79M	39.59M	31.06M	18.54M	11.65M
Operating Margin	+32.7%	+31.3%	+25.4%	+22.8%	+18.4%
Profit Margin	+30.7%	+29.7%	+28.9%	+24.4%	+20.5%
Net Income	43.08M	37.48M	35.34M	19.82M	12.99M
Net Income to Common	43.08M	37.48M	35.34M	19.82M	12.99M
Net Income Growth	+14.9%	+6.0%	+78.3%	+52.7%	+125.0%
Income Tax Expense	4.28M	3.67M	—	—	—
Effective Tax Rate	+9.0%	+8.9%	—	—	—
Per Share & Capital
EPS (Basic)	0.15	0.17	0.17	0.09	0.06
EPS (Diluted)	0.15	0.17	0.17	0.09	0.06
EPS Growth	-7.5%	-0.6%	+85.0%	+59.4%	+631.6%
Dividend Per Share	0.04	—	0.06	—	—
Shares Change (YoY)	0.24	0.07	-0.04	-0.04	-0.69
Shares Outstanding (Basic)	281.71M	226.60M	212.32M	220.26M	230.00M
Shares Outstanding (Diluted)	281.71M	226.60M	212.32M	220.26M	230.00M
Free Cash Flow	49.59M	49.85M	-299.80M	-15.35M	3.82M
Free Cash Flow Margin	+35.4%	+39.5%	-245.0%	-18.9%	+6.0%
Free Cash Flow Per Share	0.18	0.22	-1.41	-0.07	0.02
Payout Ratio	—	+35.9%	—	—	—
Supplemental
Int Exp CM	64.18M	34.73M	10.05M	2.91M	0.64M
Int Inc CM	1.22M	2.84M	0.27M	0.12M	0.05M
Net Int Inc CM	-62.96M	-31.89M	-9.78M	-2.79M	-0.59M

Financials

Annual (AED)

BHM Capital

Annual (AED)