Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual (AED)

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Operating Summary
Revenue	817.33M	632.35M	547.44M	354.64M	298.07M
Cost of Revenue	18.86M	15.00M	14.49M	16.98M	12.80M
Gross Profit	798.47M	617.34M	532.95M	337.66M	285.27M
SG&A	147.80M	150.19M	146.76M	136.24M	126.73M
Operating Expenses	204.29M	206.68M	203.25M	192.73M	183.22M
Operating Income	594.18M	410.66M	329.70M	144.93M	102.05M
Interest Expense	-0.89M	-1.34M	-0.12M	-1.04M	-2.90M
Pretax Income	1.06B	0.41B	0.33B	0.14B	0.10B
Income Tax	86.04M	32.95M	—	—	—
Net Income	965.78M	376.71M	329.40M	147.11M	103.84M
EBITDA	658.03M	476.46M	397.92M	213.60M	172.01M
EBIT	594.18M	410.66M	329.70M	144.93M	102.05M
EPS (Basic)	0.12	0.05	0.04	0.02	0.01
EPS (Diluted)	0.12	0.05	0.04	0.02	0.01
DPS	—	0.03	0.04	0.02	0.03
Margins & Efficiency
Gross Margin %	+97.7%	+97.6%	+97.4%	+95.2%	+95.7%
EBITDA Margin %	+80.5%	+75.3%	+72.7%	+60.2%	+57.7%
Net Margin %	+118.2%	+59.6%	+60.2%	+41.5%	+34.8%
Revenue & Income
Revenue	817.33M	632.35M	547.44M	354.64M	298.07M
Revenue as Reported	1.28B	0.63B	0.55B	0.35B	0.30B
Revenue Growth (YoY)	+29.3%	+15.5%	+54.4%	+19.0%	-15.3%
Operating Revenue	530.71M	353.07M	349.03M	256.91M	215.81M
Other Revenue	286.62M	279.28M	198.41M	97.73M	82.26M
Gain (Loss) on Sale of Assets	461.87M	—	—	—	—
Expenses & Provisions
Cost of Revenue	18.86M	15.00M	14.49M	16.98M	12.80M
Selling, General & Admin	147.80M	150.19M	146.76M	136.24M	126.73M
Operating Expenses	204.29M	206.68M	203.25M	192.73M	183.22M
Interest Expense	-0.89M	-1.34M	-0.12M	-1.04M	-2.90M
Amortization of Goodwill & Intangibles	56.49M	56.49M	56.49M	56.49M	56.49M
D&A For EBITDA	63.85M	65.79M	68.22M	68.67M	69.96M
Profitability & Returns
Gross Profit	798.47M	617.34M	532.95M	337.66M	285.27M
Gross Margin	+97.7%	+97.6%	+97.4%	+95.2%	+95.7%
EBIT	594.18M	410.66M	329.70M	144.93M	102.05M
EBIT Margin	+72.7%	+64.9%	+60.2%	+40.9%	+34.2%
EBITDA	658.03M	476.46M	397.92M	213.60M	172.01M
EBITDA Margin	+80.5%	+75.3%	+72.7%	+60.2%	+57.7%
EBT Excluding Unusual Items	593.29M	409.32M	329.58M	143.90M	99.14M
Pretax Income	1.06B	0.41B	0.33B	0.14B	0.10B
Operating Income	594.18M	410.66M	329.70M	144.93M	102.05M
Operating Margin	+72.7%	+64.9%	+60.2%	+40.9%	+34.2%
Profit Margin	+118.2%	+59.6%	+60.2%	+41.5%	+34.8%
Net Income	965.78M	376.71M	329.40M	147.11M	103.84M
Net Income to Common	965.78M	376.71M	329.40M	147.11M	103.84M
Net Income Growth	+156.4%	+14.4%	+123.9%	+41.7%	-24.7%
Earnings From Continuing Ops.	969.12M	376.37M	329.58M	143.90M	99.14M
Minority Interest in Earnings	-3.35M	0.34M	-0.18M	3.22M	4.70M
Income Tax Expense	86.04M	32.95M	—	—	—
Effective Tax Rate	+8.2%	+8.1%	—	—	—
Per Share & Capital
EPS (Basic)	0.12	0.05	0.04	0.02	0.01
EPS (Diluted)	0.12	0.05	0.04	0.02	0.01
EPS Growth	+156.4%	+14.4%	+123.9%	+41.7%	-24.7%
Dividend Per Share	—	0.03	0.04	0.02	0.03
Shares Outstanding (Basic)	8.00B	8.00B	8.00B	8.00B	8.00B
Shares Outstanding (Diluted)	8.00B	8.00B	8.00B	8.00B	8.00B
Dividend Growth	—	-8.6%	+107.8%	-43.9%	—
Free Cash Flow	695.83M	415.73M	261.12M	-166.83M	331.75M
Free Cash Flow Margin	+85.1%	+65.7%	+47.7%	-47.0%	+111.3%
Free Cash Flow Per Share	0.09	0.05	0.03	-0.02	0.04
Payout Ratio	+26.5%	+74.3%	+41.8%	+231.0%	+352.9%

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	817.33M	632.35M	547.44M	354.64M	298.07M
Cost of Revenue	18.86M	15.00M	14.49M	16.98M	12.80M
Gross Profit	798.47M	617.34M	532.95M	337.66M	285.27M
SG&A	147.80M	150.19M	146.76M	136.24M	126.73M
Operating Expenses	204.29M	206.68M	203.25M	192.73M	183.22M
Operating Income	594.18M	410.66M	329.70M	144.93M	102.05M
Interest Expense	-0.89M	-1.34M	-0.12M	-1.04M	-2.90M
Pretax Income	1.06B	0.41B	0.33B	0.14B	0.10B
Income Tax	86.04M	32.95M	—	—	—
Net Income	965.78M	376.71M	329.40M	147.11M	103.84M
EBITDA	658.03M	476.46M	397.92M	213.60M	172.01M
EBIT	594.18M	410.66M	329.70M	144.93M	102.05M
EPS (Basic)	0.12	0.05	0.04	0.02	0.01
EPS (Diluted)	0.12	0.05	0.04	0.02	0.01
DPS	—	0.03	0.04	0.02	0.03
Margins & Efficiency
Gross Margin %	+97.7%	+97.6%	+97.4%	+95.2%	+95.7%
EBITDA Margin %	+80.5%	+75.3%	+72.7%	+60.2%	+57.7%
Net Margin %	+118.2%	+59.6%	+60.2%	+41.5%	+34.8%
Revenue & Income
Revenue	817.33M	632.35M	547.44M	354.64M	298.07M
Revenue as Reported	1.28B	0.63B	0.55B	0.35B	0.30B
Revenue Growth (YoY)	+29.3%	+15.5%	+54.4%	+19.0%	-15.3%
Operating Revenue	530.71M	353.07M	349.03M	256.91M	215.81M
Other Revenue	286.62M	279.28M	198.41M	97.73M	82.26M
Gain (Loss) on Sale of Assets	461.87M	—	—	—	—
Expenses & Provisions
Cost of Revenue	18.86M	15.00M	14.49M	16.98M	12.80M
Selling, General & Admin	147.80M	150.19M	146.76M	136.24M	126.73M
Operating Expenses	204.29M	206.68M	203.25M	192.73M	183.22M
Interest Expense	-0.89M	-1.34M	-0.12M	-1.04M	-2.90M
Amortization of Goodwill & Intangibles	56.49M	56.49M	56.49M	56.49M	56.49M
D&A For EBITDA	63.85M	65.79M	68.22M	68.67M	69.96M
Profitability & Returns
Gross Profit	798.47M	617.34M	532.95M	337.66M	285.27M
Gross Margin	+97.7%	+97.6%	+97.4%	+95.2%	+95.7%
EBIT	594.18M	410.66M	329.70M	144.93M	102.05M
EBIT Margin	+72.7%	+64.9%	+60.2%	+40.9%	+34.2%
EBITDA	658.03M	476.46M	397.92M	213.60M	172.01M
EBITDA Margin	+80.5%	+75.3%	+72.7%	+60.2%	+57.7%
EBT Excluding Unusual Items	593.29M	409.32M	329.58M	143.90M	99.14M
Pretax Income	1.06B	0.41B	0.33B	0.14B	0.10B
Operating Income	594.18M	410.66M	329.70M	144.93M	102.05M
Operating Margin	+72.7%	+64.9%	+60.2%	+40.9%	+34.2%
Profit Margin	+118.2%	+59.6%	+60.2%	+41.5%	+34.8%
Net Income	965.78M	376.71M	329.40M	147.11M	103.84M
Net Income to Common	965.78M	376.71M	329.40M	147.11M	103.84M
Net Income Growth	+156.4%	+14.4%	+123.9%	+41.7%	-24.7%
Earnings From Continuing Ops.	969.12M	376.37M	329.58M	143.90M	99.14M
Minority Interest in Earnings	-3.35M	0.34M	-0.18M	3.22M	4.70M
Income Tax Expense	86.04M	32.95M	—	—	—
Effective Tax Rate	+8.2%	+8.1%	—	—	—
Per Share & Capital
EPS (Basic)	0.12	0.05	0.04	0.02	0.01
EPS (Diluted)	0.12	0.05	0.04	0.02	0.01
EPS Growth	+156.4%	+14.4%	+123.9%	+41.7%	-24.7%
Dividend Per Share	—	0.03	0.04	0.02	0.03
Shares Outstanding (Basic)	8.00B	8.00B	8.00B	8.00B	8.00B
Shares Outstanding (Diluted)	8.00B	8.00B	8.00B	8.00B	8.00B
Dividend Growth	—	-8.6%	+107.8%	-43.9%	—
Free Cash Flow	695.83M	415.73M	261.12M	-166.83M	331.75M
Free Cash Flow Margin	+85.1%	+65.7%	+47.7%	-47.0%	+111.3%
Free Cash Flow Per Share	0.09	0.05	0.03	-0.02	0.04
Payout Ratio	+26.5%	+74.3%	+41.8%	+231.0%	+352.9%

Financials

Annual (AED)

Dubai Financial Market

Annual (AED)