Dubai Refreshments

Dubai Refreshment Company P.J.S.C

DRCStocksDubai Financial MarketConsumer Staples

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	877.20M	817.99M	803.07M	752.17M	669.71M
Cost of Revenue	542.04M	523.61M	518.21M	491.94M	422.16M
Gross Profit	335.16M	294.38M	284.86M	260.23M	247.55M
SG&A	193.45M	180.86M	179.19M	165.32M	154.15M
Operating Expenses	181.34M	171.80M	172.80M	159.88M	150.29M
Operating Income	153.82M	122.57M	112.06M	100.35M	97.27M
Interest Income	15.20M	21.48M	17.08M	6.32M	4.08M
Interest Expense	-5.08M	-3.19M	-3.48M	-3.77M	-4.10M
Other Income/Expense	9.66M	8.64M	15.92M	2.75M	-0.45M
Pretax Income	173.60M	149.51M	361.78M	105.65M	96.80M
Income Tax	15.73M	13.68M	—	—	—
Net Income	152.67M	129.63M	357.56M	101.45M	92.60M
EBITDA	195.16M	164.25M	152.67M	142.81M	144.00M
EBIT	153.82M	122.57M	112.06M	100.35M	97.27M
EPS (Basic)	1.70	1.44	3.97	1.13	1.03
EPS (Diluted)	1.70	1.44	3.97	1.13	1.03
DPS	1.10	1.00	0.80	0.70	0.70
Margins & Efficiency
Gross Margin %	+38.2%	+36.0%	+35.5%	+34.6%	+37.0%
EBITDA Margin %	+22.2%	+20.1%	+19.0%	+19.0%	+21.5%
Net Margin %	+17.4%	+15.8%	+44.5%	+13.5%	+13.8%
Revenue & Income
Revenue	877.20M	817.99M	803.07M	752.17M	669.71M
Revenue Growth (YoY)	+7.2%	+1.9%	+6.8%	+12.3%	+18.6%
Interest & Investment Income	15.20M	21.48M	17.08M	6.32M	4.08M
Gain (Loss) on Sale of Assets	—	—	220.19M	—	—
Expenses & Provisions
Cost of Revenue	542.04M	523.61M	518.21M	491.94M	422.16M
Selling, General & Admin	193.45M	180.86M	179.19M	165.32M	154.15M
Operating Expenses	181.34M	171.80M	172.80M	159.88M	150.29M
Other Operating Expenses	-12.58M	-10.08M	-8.18M	-9.18M	-7.55M
Interest Expense	-5.08M	-3.19M	-3.48M	-3.77M	-4.10M
Other Non Operating Income (Expenses)	9.66M	8.64M	15.92M	2.75M	-0.45M
Amortization of Goodwill & Intangibles	0.46M	1.02M	1.79M	3.74M	3.68M
D&A For EBITDA	41.34M	41.67M	40.61M	42.46M	46.73M
Profitability & Returns
Gross Profit	335.16M	294.38M	284.86M	260.23M	247.55M
Gross Margin	+38.2%	+36.0%	+35.5%	+34.6%	+37.0%
EBIT	153.82M	122.57M	112.06M	100.35M	97.27M
EBIT Margin	+17.5%	+15.0%	+14.0%	+13.3%	+14.5%
EBITDA	195.16M	164.25M	152.67M	142.81M	144.00M
EBITDA Margin	+22.2%	+20.1%	+19.0%	+19.0%	+21.5%
EBT Excluding Unusual Items	173.60M	149.51M	141.59M	105.65M	96.80M
Pretax Income	173.60M	149.51M	361.78M	105.65M	96.80M
Operating Income	153.82M	122.57M	112.06M	100.35M	97.27M
Operating Margin	+17.5%	+15.0%	+14.0%	+13.3%	+14.5%
Profit Margin	+17.4%	+15.8%	+44.5%	+13.5%	+13.8%
Net Income	157.87M	135.83M	361.78M	105.65M	96.80M
Net Income to Common	152.67M	129.63M	357.56M	101.45M	92.60M
Net Income Growth	+16.2%	-62.5%	+242.4%	+9.1%	+70.2%
Income Tax Expense	15.73M	13.68M	—	—	—
Effective Tax Rate	+9.1%	+9.2%	—	—	—
Per Share & Capital
EPS (Basic)	1.70	1.44	3.97	1.13	1.03
EPS (Diluted)	1.70	1.44	3.97	1.13	1.03
EPS Growth	+17.8%	-63.7%	+252.4%	+9.6%	+75.8%
Dividend Per Share	1.10	1.00	0.80	0.70	0.70
Shares Outstanding (Basic)	90.00M	90.00M	90.00M	90.00M	90.00M
Shares Outstanding (Diluted)	90.00M	90.00M	90.00M	90.00M	90.00M
Dividend Growth	+10.0%	+25.0%	+14.3%	—	—
Free Cash Flow	143.35M	168.78M	121.59M	197.40M	112.36M
Free Cash Flow Margin	+16.3%	+20.6%	+15.1%	+26.2%	+16.8%
Free Cash Flow Per Share	1.59	1.88	1.35	2.19	1.25
Payout Ratio	—	—	+17.4%	+59.6%	+65.1%
Preferred Dividends & Other Adjustments	5.20M	6.20M	4.22M	4.20M	4.20M

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	877.20M	817.99M	803.07M	752.17M	669.71M
Cost of Revenue	542.04M	523.61M	518.21M	491.94M	422.16M
Gross Profit	335.16M	294.38M	284.86M	260.23M	247.55M
SG&A	193.45M	180.86M	179.19M	165.32M	154.15M
Operating Expenses	181.34M	171.80M	172.80M	159.88M	150.29M
Operating Income	153.82M	122.57M	112.06M	100.35M	97.27M
Interest Income	15.20M	21.48M	17.08M	6.32M	4.08M
Interest Expense	-5.08M	-3.19M	-3.48M	-3.77M	-4.10M
Other Income/Expense	9.66M	8.64M	15.92M	2.75M	-0.45M
Pretax Income	173.60M	149.51M	361.78M	105.65M	96.80M
Income Tax	15.73M	13.68M	—	—	—
Net Income	152.67M	129.63M	357.56M	101.45M	92.60M
EBITDA	195.16M	164.25M	152.67M	142.81M	144.00M
EBIT	153.82M	122.57M	112.06M	100.35M	97.27M
EPS (Basic)	1.70	1.44	3.97	1.13	1.03
EPS (Diluted)	1.70	1.44	3.97	1.13	1.03
DPS	1.10	1.00	0.80	0.70	0.70
Margins & Efficiency
Gross Margin %	+38.2%	+36.0%	+35.5%	+34.6%	+37.0%
EBITDA Margin %	+22.2%	+20.1%	+19.0%	+19.0%	+21.5%
Net Margin %	+17.4%	+15.8%	+44.5%	+13.5%	+13.8%
Revenue & Income
Revenue	877.20M	817.99M	803.07M	752.17M	669.71M
Revenue Growth (YoY)	+7.2%	+1.9%	+6.8%	+12.3%	+18.6%
Interest & Investment Income	15.20M	21.48M	17.08M	6.32M	4.08M
Gain (Loss) on Sale of Assets	—	—	220.19M	—	—
Expenses & Provisions
Cost of Revenue	542.04M	523.61M	518.21M	491.94M	422.16M
Selling, General & Admin	193.45M	180.86M	179.19M	165.32M	154.15M
Operating Expenses	181.34M	171.80M	172.80M	159.88M	150.29M
Other Operating Expenses	-12.58M	-10.08M	-8.18M	-9.18M	-7.55M
Interest Expense	-5.08M	-3.19M	-3.48M	-3.77M	-4.10M
Other Non Operating Income (Expenses)	9.66M	8.64M	15.92M	2.75M	-0.45M
Amortization of Goodwill & Intangibles	0.46M	1.02M	1.79M	3.74M	3.68M
D&A For EBITDA	41.34M	41.67M	40.61M	42.46M	46.73M
Profitability & Returns
Gross Profit	335.16M	294.38M	284.86M	260.23M	247.55M
Gross Margin	+38.2%	+36.0%	+35.5%	+34.6%	+37.0%
EBIT	153.82M	122.57M	112.06M	100.35M	97.27M
EBIT Margin	+17.5%	+15.0%	+14.0%	+13.3%	+14.5%
EBITDA	195.16M	164.25M	152.67M	142.81M	144.00M
EBITDA Margin	+22.2%	+20.1%	+19.0%	+19.0%	+21.5%
EBT Excluding Unusual Items	173.60M	149.51M	141.59M	105.65M	96.80M
Pretax Income	173.60M	149.51M	361.78M	105.65M	96.80M
Operating Income	153.82M	122.57M	112.06M	100.35M	97.27M
Operating Margin	+17.5%	+15.0%	+14.0%	+13.3%	+14.5%
Profit Margin	+17.4%	+15.8%	+44.5%	+13.5%	+13.8%
Net Income	157.87M	135.83M	361.78M	105.65M	96.80M
Net Income to Common	152.67M	129.63M	357.56M	101.45M	92.60M
Net Income Growth	+16.2%	-62.5%	+242.4%	+9.1%	+70.2%
Income Tax Expense	15.73M	13.68M	—	—	—
Effective Tax Rate	+9.1%	+9.2%	—	—	—
Per Share & Capital
EPS (Basic)	1.70	1.44	3.97	1.13	1.03
EPS (Diluted)	1.70	1.44	3.97	1.13	1.03
EPS Growth	+17.8%	-63.7%	+252.4%	+9.6%	+75.8%
Dividend Per Share	1.10	1.00	0.80	0.70	0.70
Shares Outstanding (Basic)	90.00M	90.00M	90.00M	90.00M	90.00M
Shares Outstanding (Diluted)	90.00M	90.00M	90.00M	90.00M	90.00M
Dividend Growth	+10.0%	+25.0%	+14.3%	—	—
Free Cash Flow	143.35M	168.78M	121.59M	197.40M	112.36M
Free Cash Flow Margin	+16.3%	+20.6%	+15.1%	+26.2%	+16.8%
Free Cash Flow Per Share	1.59	1.88	1.35	2.19	1.25
Payout Ratio	—	—	+17.4%	+59.6%	+65.1%
Preferred Dividends & Other Adjustments	5.20M	6.20M	4.22M	4.20M	4.20M