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	3.77B	3.80B	3.40B	3.08B	3.35B
Cost of Revenue	2.09B	2.31B	2.03B	1.97B	2.27B
Gross Profit	1.68B	1.49B	1.38B	1.11B	1.08B
SG&A	586.63M	505.99M	524.29M	494.36M	446.23M
Operating Expenses	641.66M	777.99M	664.31M	655.84M	488.65M
Operating Income	1.04B	0.72B	0.71B	0.46B	0.59B
Interest Income	44.07M	38.36M	34.52M	27.96M	24.43M
Interest Expense	-356.81M	-405.60M	-403.32M	-252.82M	-213.50M
Other Income/Expense	71.05M	71.97M	55.97M	104.06M	117.34M
Pretax Income	1.70B	1.30B	1.07B	1.57B	0.61B
Income Tax	154.40M	114.76M	19.53M	—	—
Net Income	1.55B	1.21B	1.13B	1.61B	0.62B
EBITDA	1.17B	0.85B	0.84B	0.61B	0.78B
EBIT	1.04B	0.72B	0.71B	0.46B	0.59B
EPS (Basic)	0.36	0.28	0.27	0.38	0.15
EPS (Diluted)	0.36	0.28	0.27	0.38	0.15
DPS	0.25	0.18	0.13	0.20	0.12
Margins & Efficiency
Gross Margin %	+44.6%	+39.3%	+40.5%	+36.1%	+32.2%
EBITDA Margin %	+31.0%	+22.4%	+24.7%	+19.8%	+23.3%
Net Margin %	+41.1%	+31.7%	+33.2%	+52.2%	+18.5%
Revenue & Income
Revenue	3.77B	3.80B	3.40B	3.08B	3.35B
Revenue as Reported	4.63B	4.66B	4.11B	4.26B	3.42B
Revenue Growth (YoY)	-0.9%	+11.8%	+10.4%	-8.1%	+21.1%
Operating Revenue	3.46B	3.52B	3.13B	2.99B	3.19B
Interest & Investment Income	44.07M	38.36M	34.52M	27.96M	24.43M
Other Revenue	311.42M	284.30M	270.97M	88.67M	166.28M
Gain (Loss) on Sale of Assets	22.96M	2.35M	1.27M	981.20M	0.06M
Currency Exchange Gain (Loss)	9.34M	2.74M	-6.25M	12.99M	14.02M
Expenses & Provisions
Cost of Revenue	2.09B	2.31B	2.03B	1.97B	2.27B
Selling, General & Admin	586.63M	505.99M	524.29M	494.36M	446.23M
Operating Expenses	641.66M	777.99M	664.31M	655.84M	488.65M
Interest Expense	-356.81M	-405.60M	-403.32M	-252.82M	-213.50M
Other Non Operating Income (Expenses)	71.05M	71.97M	55.97M	104.06M	117.34M
Asset Writedown	836.91M	856.66M	683.52M	190.48M	60.40M
Impairment of Goodwill	—	—	—	-10.07M	—
D&A For EBITDA	130.28M	135.16M	128.22M	155.10M	191.88M
Profitability & Returns
Gross Profit	1.68B	1.49B	1.38B	1.11B	1.08B
Gross Margin	+44.6%	+39.3%	+40.5%	+36.1%	+32.2%
EBIT	1.04B	0.72B	0.71B	0.46B	0.59B
EBIT Margin	+27.5%	+18.8%	+20.9%	+14.8%	+17.6%
EBITDA	1.17B	0.85B	0.84B	0.61B	0.78B
EBITDA Margin	+31.0%	+22.4%	+24.7%	+19.8%	+23.3%
EBT Excluding Unusual Items	805.08M	423.43M	392.87M	348.44M	532.33M
Pretax Income	1.70B	1.30B	1.07B	1.57B	0.61B
Operating Income	1.04B	0.72B	0.71B	0.46B	0.59B
Operating Margin	+27.5%	+18.8%	+20.9%	+14.8%	+17.6%
Profit Margin	+41.1%	+31.7%	+33.2%	+52.2%	+18.5%
Net Income	1.55B	1.21B	1.13B	1.61B	0.62B
Net Income to Common	1.55B	1.21B	1.13B	1.61B	0.62B
Net Income Growth	+28.6%	+6.6%	-29.7%	+159.7%	+78.2%
Earnings From Continuing Ops.	1.55B	1.18B	1.05B	1.57B	0.61B
Minority Interest in Earnings	2.09M	24.51M	81.82M	43.54M	7.37M
Income Tax Expense	154.40M	114.76M	19.53M	—	—
Effective Tax Rate	+9.1%	+8.9%	+1.8%	—	—
Per Share & Capital
EPS (Basic)	0.36	0.28	0.27	0.38	0.15
EPS (Diluted)	0.36	0.28	0.27	0.38	0.15
EPS Growth	+28.6%	+6.6%	-29.7%	+159.7%	+78.2%
Dividend Per Share	0.25	0.18	0.13	0.20	0.12
Shares Change (YoY)	—	—	—	—	0
Shares Outstanding (Basic)	4.25B	4.25B	4.25B	4.25B	4.25B
Shares Outstanding (Diluted)	4.25B	4.25B	4.25B	4.25B	4.25B
Dividend Growth	+38.9%	+44.0%	-37.5%	+66.7%	+50.0%
Free Cash Flow	0.82B	0.83B	1.21B	0.68B	0.80B
Free Cash Flow Margin	+21.7%	+21.8%	+35.5%	+22.2%	+23.9%
Free Cash Flow Per Share	0.19	0.20	0.28	0.16	0.19
Payout Ratio	+49.4%	+44.1%	+47.0%	+51.5%	+54.9%
Supplemental
Other Unusual Items	—	-12.32M	-9.01M	54.99M	19.34M

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	3.77B	3.80B	3.40B	3.08B	3.35B
Cost of Revenue	2.09B	2.31B	2.03B	1.97B	2.27B
Gross Profit	1.68B	1.49B	1.38B	1.11B	1.08B
SG&A	586.63M	505.99M	524.29M	494.36M	446.23M
Operating Expenses	641.66M	777.99M	664.31M	655.84M	488.65M
Operating Income	1.04B	0.72B	0.71B	0.46B	0.59B
Interest Income	44.07M	38.36M	34.52M	27.96M	24.43M
Interest Expense	-356.81M	-405.60M	-403.32M	-252.82M	-213.50M
Other Income/Expense	71.05M	71.97M	55.97M	104.06M	117.34M
Pretax Income	1.70B	1.30B	1.07B	1.57B	0.61B
Income Tax	154.40M	114.76M	19.53M	—	—
Net Income	1.55B	1.21B	1.13B	1.61B	0.62B
EBITDA	1.17B	0.85B	0.84B	0.61B	0.78B
EBIT	1.04B	0.72B	0.71B	0.46B	0.59B
EPS (Basic)	0.36	0.28	0.27	0.38	0.15
EPS (Diluted)	0.36	0.28	0.27	0.38	0.15
DPS	0.25	0.18	0.13	0.20	0.12
Margins & Efficiency
Gross Margin %	+44.6%	+39.3%	+40.5%	+36.1%	+32.2%
EBITDA Margin %	+31.0%	+22.4%	+24.7%	+19.8%	+23.3%
Net Margin %	+41.1%	+31.7%	+33.2%	+52.2%	+18.5%
Revenue & Income
Revenue	3.77B	3.80B	3.40B	3.08B	3.35B
Revenue as Reported	4.63B	4.66B	4.11B	4.26B	3.42B
Revenue Growth (YoY)	-0.9%	+11.8%	+10.4%	-8.1%	+21.1%
Operating Revenue	3.46B	3.52B	3.13B	2.99B	3.19B
Interest & Investment Income	44.07M	38.36M	34.52M	27.96M	24.43M
Other Revenue	311.42M	284.30M	270.97M	88.67M	166.28M
Gain (Loss) on Sale of Assets	22.96M	2.35M	1.27M	981.20M	0.06M
Currency Exchange Gain (Loss)	9.34M	2.74M	-6.25M	12.99M	14.02M
Expenses & Provisions
Cost of Revenue	2.09B	2.31B	2.03B	1.97B	2.27B
Selling, General & Admin	586.63M	505.99M	524.29M	494.36M	446.23M
Operating Expenses	641.66M	777.99M	664.31M	655.84M	488.65M
Interest Expense	-356.81M	-405.60M	-403.32M	-252.82M	-213.50M
Other Non Operating Income (Expenses)	71.05M	71.97M	55.97M	104.06M	117.34M
Asset Writedown	836.91M	856.66M	683.52M	190.48M	60.40M
Impairment of Goodwill	—	—	—	-10.07M	—
D&A For EBITDA	130.28M	135.16M	128.22M	155.10M	191.88M
Profitability & Returns
Gross Profit	1.68B	1.49B	1.38B	1.11B	1.08B
Gross Margin	+44.6%	+39.3%	+40.5%	+36.1%	+32.2%
EBIT	1.04B	0.72B	0.71B	0.46B	0.59B
EBIT Margin	+27.5%	+18.8%	+20.9%	+14.8%	+17.6%
EBITDA	1.17B	0.85B	0.84B	0.61B	0.78B
EBITDA Margin	+31.0%	+22.4%	+24.7%	+19.8%	+23.3%
EBT Excluding Unusual Items	805.08M	423.43M	392.87M	348.44M	532.33M
Pretax Income	1.70B	1.30B	1.07B	1.57B	0.61B
Operating Income	1.04B	0.72B	0.71B	0.46B	0.59B
Operating Margin	+27.5%	+18.8%	+20.9%	+14.8%	+17.6%
Profit Margin	+41.1%	+31.7%	+33.2%	+52.2%	+18.5%
Net Income	1.55B	1.21B	1.13B	1.61B	0.62B
Net Income to Common	1.55B	1.21B	1.13B	1.61B	0.62B
Net Income Growth	+28.6%	+6.6%	-29.7%	+159.7%	+78.2%
Earnings From Continuing Ops.	1.55B	1.18B	1.05B	1.57B	0.61B
Minority Interest in Earnings	2.09M	24.51M	81.82M	43.54M	7.37M
Income Tax Expense	154.40M	114.76M	19.53M	—	—
Effective Tax Rate	+9.1%	+8.9%	+1.8%	—	—
Per Share & Capital
EPS (Basic)	0.36	0.28	0.27	0.38	0.15
EPS (Diluted)	0.36	0.28	0.27	0.38	0.15
EPS Growth	+28.6%	+6.6%	-29.7%	+159.7%	+78.2%
Dividend Per Share	0.25	0.18	0.13	0.20	0.12
Shares Change (YoY)	—	—	—	—	0
Shares Outstanding (Basic)	4.25B	4.25B	4.25B	4.25B	4.25B
Shares Outstanding (Diluted)	4.25B	4.25B	4.25B	4.25B	4.25B
Dividend Growth	+38.9%	+44.0%	-37.5%	+66.7%	+50.0%
Free Cash Flow	0.82B	0.83B	1.21B	0.68B	0.80B
Free Cash Flow Margin	+21.7%	+21.8%	+35.5%	+22.2%	+23.9%
Free Cash Flow Per Share	0.19	0.20	0.28	0.16	0.19
Payout Ratio	+49.4%	+44.1%	+47.0%	+51.5%	+54.9%
Supplemental
Other Unusual Items	—	-12.32M	-9.01M	54.99M	19.34M

Financials

Annual (AED)

Dubai Investment

Annual (AED)