Dubai Refreshments

Dubai Refreshment Company P.J.S.C

DRCStocksDubai Financial MarketConsumer Staples

Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Quarterly (AED)

1-5

	Q4 2025Dec 31, 2025	Q3 2025Sep 30, 2025	Q2 2025Jun 30, 2025	Q1 2025Mar 31, 2025	Q4 2024Dec 31, 2024
Operating Summary
Revenue	221.86M	238.75M	238.44M	178.15M	213.71M
Cost of Revenue	143.89M	145.07M	144.66M	108.43M	135.12M
Gross Profit	77.97M	93.67M	93.78M	69.73M	78.58M
SG&A	51.65M	48.29M	47.60M	45.92M	48.55M
Operating Expenses	46.90M	45.68M	45.32M	43.43M	45.36M
Operating Income	31.08M	47.99M	48.46M	26.30M	33.23M
Interest Income	7.74M	2.38M	2.13M	2.96M	6.27M
Interest Expense	-5.08M	—	—	—	-3.19M
Other Income/Expense	2.15M	1.54M	2.06M	3.91M	2.39M
Pretax Income	35.69M	52.11M	52.65M	33.16M	38.54M
Income Tax	3.35M	4.62M	4.76M	2.99M	3.97M
Net Income	27.14M	47.48M	47.88M	30.17M	29.37M
EBITDA	40.81M	58.05M	59.18M	37.12M	43.74M
EBIT	31.08M	47.99M	48.46M	26.30M	33.23M
EPS (Basic)	0.30	0.53	0.53	0.34	0.33
EPS (Diluted)	0.30	0.53	0.53	0.34	0.33
Margins & Efficiency
Gross Margin %	+35.1%	+39.2%	+39.3%	+39.1%	+36.8%
EBITDA Margin %	+18.4%	+24.3%	+24.8%	+20.8%	+20.5%
Net Margin %	+12.2%	+19.9%	+20.1%	+16.9%	+13.7%
Revenue & Income
Revenue	221.86M	238.75M	238.44M	178.15M	213.71M
Revenue Growth (YoY)	+3.8%	+8.4%	+10.1%	+6.4%	+4.6%
Interest & Investment Income	7.74M	2.38M	2.13M	2.96M	6.27M
Gain (Loss) on Sale of Assets	-0.19M	0.19M	—	—	-0.16M
Gain (Loss) on Sale of Investments	—	—	—	—	—
Expenses & Provisions
Cost of Revenue	143.89M	145.07M	144.66M	108.43M	135.12M
Selling, General & Admin	51.65M	48.29M	47.60M	45.92M	48.55M
Operating Expenses	46.90M	45.68M	45.32M	43.43M	45.36M
Other Operating Expenses	-4.86M	-2.72M	-2.38M	-2.61M	-3.43M
Interest Expense	-5.08M	—	—	—	-3.19M
Other Non Operating Income (Expenses)	2.15M	1.54M	2.06M	3.91M	2.39M
Amortization of Goodwill & Intangibles	0.12M	0.11M	0.11M	0.13M	0.24M
D&A For EBITDA	9.73M	10.06M	10.72M	10.83M	10.51M
Profitability & Returns
Gross Profit	77.97M	93.67M	93.78M	69.73M	78.58M
Gross Margin	+35.1%	+39.2%	+39.3%	+39.1%	+36.8%
EBIT	31.08M	47.99M	48.46M	26.30M	33.23M
EBIT Margin	+14.0%	+20.1%	+20.3%	+14.8%	+15.5%
EBITDA	40.81M	58.05M	59.18M	37.12M	43.74M
EBITDA Margin	+18.4%	+24.3%	+24.8%	+20.8%	+20.5%
EBT Excluding Unusual Items	35.88M	51.91M	52.65M	33.16M	38.70M
Pretax Income	35.69M	52.11M	52.65M	33.16M	38.54M
Operating Income	31.08M	47.99M	48.46M	26.30M	33.23M
Operating Margin	+14.0%	+20.1%	+20.3%	+14.8%	+15.5%
Profit Margin	+12.2%	+19.9%	+20.1%	+16.9%	+13.7%
Net Income	32.34M	47.48M	47.88M	30.17M	34.57M
Net Income to Common	27.14M	47.48M	47.88M	30.17M	29.37M
Net Income Growth	-6.5%	+33.5%	+19.6%	+17.6%	+10.7%
Income Tax Expense	3.35M	4.62M	4.76M	2.99M	3.97M
Effective Tax Rate	+9.4%	+8.9%	+9.0%	+9.0%	+10.3%
Per Share & Capital
EPS (Basic)	0.30	0.53	0.53	0.34	0.33
EPS (Diluted)	0.30	0.53	0.53	0.34	0.33
EPS Growth	-7.6%	+33.5%	+19.6%	+22.4%	+8.7%
Dividend Per Share	1.10	—	—	—	1.00
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%
Free Cash Flow	53.46M	36.95M	37.84M	15.10M	72.20M
Free Cash Flow Margin	+24.1%	+15.5%	+15.9%	+8.5%	+33.8%
Free Cash Flow Per Share	0.59	0.41	0.42	0.17	0.80
Payout Ratio	—	—	—	+298.3%	—
Preferred Dividends & Other Adjustments	5.20M	—	—	—	5.20M

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Quarterly (AED)

1-5

	Q4 2025Dec 31, 2025	Q3 2025Sep 30, 2025	Q2 2025Jun 30, 2025	Q1 2025Mar 31, 2025	Q4 2024Dec 31, 2024
Operating Summary
Revenue	221.86M	238.75M	238.44M	178.15M	213.71M
Cost of Revenue	143.89M	145.07M	144.66M	108.43M	135.12M
Gross Profit	77.97M	93.67M	93.78M	69.73M	78.58M
SG&A	51.65M	48.29M	47.60M	45.92M	48.55M
Operating Expenses	46.90M	45.68M	45.32M	43.43M	45.36M
Operating Income	31.08M	47.99M	48.46M	26.30M	33.23M
Interest Income	7.74M	2.38M	2.13M	2.96M	6.27M
Interest Expense	-5.08M	—	—	—	-3.19M
Other Income/Expense	2.15M	1.54M	2.06M	3.91M	2.39M
Pretax Income	35.69M	52.11M	52.65M	33.16M	38.54M
Income Tax	3.35M	4.62M	4.76M	2.99M	3.97M
Net Income	27.14M	47.48M	47.88M	30.17M	29.37M
EBITDA	40.81M	58.05M	59.18M	37.12M	43.74M
EBIT	31.08M	47.99M	48.46M	26.30M	33.23M
EPS (Basic)	0.30	0.53	0.53	0.34	0.33
EPS (Diluted)	0.30	0.53	0.53	0.34	0.33
Margins & Efficiency
Gross Margin %	+35.1%	+39.2%	+39.3%	+39.1%	+36.8%
EBITDA Margin %	+18.4%	+24.3%	+24.8%	+20.8%	+20.5%
Net Margin %	+12.2%	+19.9%	+20.1%	+16.9%	+13.7%
Revenue & Income
Revenue	221.86M	238.75M	238.44M	178.15M	213.71M
Revenue Growth (YoY)	+3.8%	+8.4%	+10.1%	+6.4%	+4.6%
Interest & Investment Income	7.74M	2.38M	2.13M	2.96M	6.27M
Gain (Loss) on Sale of Assets	-0.19M	0.19M	—	—	-0.16M
Gain (Loss) on Sale of Investments	—	—	—	—	—
Expenses & Provisions
Cost of Revenue	143.89M	145.07M	144.66M	108.43M	135.12M
Selling, General & Admin	51.65M	48.29M	47.60M	45.92M	48.55M
Operating Expenses	46.90M	45.68M	45.32M	43.43M	45.36M
Other Operating Expenses	-4.86M	-2.72M	-2.38M	-2.61M	-3.43M
Interest Expense	-5.08M	—	—	—	-3.19M
Other Non Operating Income (Expenses)	2.15M	1.54M	2.06M	3.91M	2.39M
Amortization of Goodwill & Intangibles	0.12M	0.11M	0.11M	0.13M	0.24M
D&A For EBITDA	9.73M	10.06M	10.72M	10.83M	10.51M
Profitability & Returns
Gross Profit	77.97M	93.67M	93.78M	69.73M	78.58M
Gross Margin	+35.1%	+39.2%	+39.3%	+39.1%	+36.8%
EBIT	31.08M	47.99M	48.46M	26.30M	33.23M
EBIT Margin	+14.0%	+20.1%	+20.3%	+14.8%	+15.5%
EBITDA	40.81M	58.05M	59.18M	37.12M	43.74M
EBITDA Margin	+18.4%	+24.3%	+24.8%	+20.8%	+20.5%
EBT Excluding Unusual Items	35.88M	51.91M	52.65M	33.16M	38.70M
Pretax Income	35.69M	52.11M	52.65M	33.16M	38.54M
Operating Income	31.08M	47.99M	48.46M	26.30M	33.23M
Operating Margin	+14.0%	+20.1%	+20.3%	+14.8%	+15.5%
Profit Margin	+12.2%	+19.9%	+20.1%	+16.9%	+13.7%
Net Income	32.34M	47.48M	47.88M	30.17M	34.57M
Net Income to Common	27.14M	47.48M	47.88M	30.17M	29.37M
Net Income Growth	-6.5%	+33.5%	+19.6%	+17.6%	+10.7%
Income Tax Expense	3.35M	4.62M	4.76M	2.99M	3.97M
Effective Tax Rate	+9.4%	+8.9%	+9.0%	+9.0%	+10.3%
Per Share & Capital
EPS (Basic)	0.30	0.53	0.53	0.34	0.33
EPS (Diluted)	0.30	0.53	0.53	0.34	0.33
EPS Growth	-7.6%	+33.5%	+19.6%	+22.4%	+8.7%
Dividend Per Share	1.10	—	—	—	1.00
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%
Free Cash Flow	53.46M	36.95M	37.84M	15.10M	72.20M
Free Cash Flow Margin	+24.1%	+15.5%	+15.9%	+8.5%	+33.8%
Free Cash Flow Per Share	0.59	0.41	0.42	0.17	0.80
Payout Ratio	—	—	—	+298.3%	—
Preferred Dividends & Other Adjustments	5.20M	—	—	—	5.20M