EMAAR

Emaar Properties (P.J.S.C)

EMAARStocksDubai Financial MarketReal Estate

Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Quarterly (AED)

1-5

	Q1 2026Mar 31, 2026	Q4 2025Dec 31, 2025	Q3 2025Sep 30, 2025	Q2 2025Jun 30, 2025	Q1 2025Mar 31, 2025
Operating Summary
Revenue	12.40B	16.45B	13.27B	9.74B	10.10B
Cost of Revenue	5.45B	7.33B	6.30B	4.33B	4.37B
Gross Profit	6.95B	9.12B	6.97B	5.41B	5.73B
SG&A	0.88B	1.21B	0.92B	0.75B	0.72B
Operating Expenses	1.22B	1.50B	1.17B	1.04B	0.97B
Operating Income	5.73B	7.62B	5.80B	4.37B	4.76B
Interest Income	658.40M	691.57M	613.83M	630.00M	569.84M
Interest Expense	-140.73M	-106.57M	-144.17M	-92.08M	-149.28M
Other Income/Expense	100.87M	-14.16M	152.97M	59.02M	158.55M
Pretax Income	7.25B	8.91B	6.32B	4.99B	5.43B
Income Tax	0.83B	1.23B	0.55B	0.75B	0.80B
Net Income	5.00B	6.15B	4.37B	3.37B	3.71B
EBITDA	6.20B	8.03B	6.18B	4.79B	5.13B
EBIT	5.73B	7.62B	5.80B	4.37B	4.76B
EPS (Basic)	0.57	0.69	0.49	0.38	0.42
EPS (Diluted)	0.57	0.69	0.49	0.38	0.42
Margins & Efficiency
Gross Margin %	+56.1%	+55.4%	+52.5%	+55.5%	+56.7%
EBITDA Margin %	+50.0%	+48.8%	+46.6%	+49.2%	+50.8%
Net Margin %	+40.3%	+37.4%	+32.9%	+34.6%	+36.7%
Revenue & Income
Revenue	12.40B	16.45B	13.27B	9.74B	10.10B
Revenue Growth (YoY)	+22.8%	+40.5%	+41.4%	+26.7%	+50.2%
Interest & Investment Income	658.40M	691.57M	613.83M	630.00M	569.84M
Earnings From Equity Investments	545.53M	546.60M	62.47M	82.10M	109.70M
Gain (Loss) on Sale of Assets	—	—	—	—	—
Gain (Loss) on Sale of Investments	—	194.15M	—	—	—
Currency Exchange Gain (Loss)	352.32M	-21.40M	-162.60M	-59.38M	-16.68M
Expenses & Provisions
Cost of Revenue	5.45B	7.33B	6.30B	4.33B	4.37B
Selling, General & Admin	0.88B	1.21B	0.92B	0.75B	0.72B
Operating Expenses	1.22B	1.50B	1.17B	1.04B	0.97B
Other Operating Expenses	-113.67M	-111.75M	-115.52M	-116.77M	-105.84M
Interest Expense	-140.73M	-106.57M	-144.17M	-92.08M	-149.28M
Other Non Operating Income (Expenses)	100.87M	-14.16M	152.97M	59.02M	158.55M
Asset Writedown	—	—	—	—	—
D&A For EBITDA	468.71M	409.61M	384.59M	417.10M	369.16M
Profitability & Returns
Gross Profit	6.95B	9.12B	6.97B	5.41B	5.73B
Gross Margin	+56.1%	+55.4%	+52.5%	+55.5%	+56.7%
EBIT	5.73B	7.62B	5.80B	4.37B	4.76B
EBIT Margin	+46.2%	+46.3%	+43.7%	+44.9%	+47.1%
EBITDA	6.20B	8.03B	6.18B	4.79B	5.13B
EBITDA Margin	+50.0%	+48.8%	+46.6%	+49.2%	+50.8%
EBT Excluding Unusual Items	7.25B	8.72B	6.32B	4.99B	5.43B
Pretax Income	7.25B	8.91B	6.32B	4.99B	5.43B
Operating Income	5.73B	7.62B	5.80B	4.37B	4.76B
Operating Margin	+46.2%	+46.3%	+43.7%	+44.9%	+47.1%
Profit Margin	+40.3%	+37.4%	+32.9%	+34.6%	+36.7%
Net Income	5.00B	6.15B	4.37B	3.37B	3.71B
Net Income to Common	5.00B	6.15B	4.37B	3.37B	3.71B
Net Income Growth	+34.7%	+23.1%	+37.4%	+39.3%	+27.0%
Earnings From Continuing Ops.	6.41B	7.68B	5.77B	4.24B	4.64B
Minority Interest in Earnings	-1.41B	-1.53B	-1.39B	-0.87B	-0.93B
Income Tax Expense	0.83B	1.23B	0.55B	0.75B	0.80B
Effective Tax Rate	+11.5%	+13.8%	+8.8%	+14.9%	+14.7%
Per Share & Capital
EPS (Basic)	0.57	0.69	0.49	0.38	0.42
EPS (Diluted)	0.57	0.69	0.49	0.38	0.42
EPS Growth	+35.7%	+20.3%	+36.1%	+40.7%	+27.3%
Dividend Per Share	—	1.00	—	—	—
Shares Change (YoY)	-0.01	0.02	0.01	-0.01	-0
Shares Outstanding (Basic)	8.77B	8.93B	8.92B	8.87B	8.83B
Shares Outstanding (Diluted)	8.77B	8.93B	8.92B	8.87B	8.83B
Dividend Growth	—	—	—	—	—
Free Cash Flow	7.25B	9.28B	4.76B	9.69B	8.79B
Free Cash Flow Margin	+58.5%	+56.4%	+35.9%	+99.6%	+87.0%
Free Cash Flow Per Share	0.83	1.04	0.53	1.09	1.00
Payout Ratio	—	—	+18.3%	+307.9%	—

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Quarterly (AED)

1-5

	Q1 2026Mar 31, 2026	Q4 2025Dec 31, 2025	Q3 2025Sep 30, 2025	Q2 2025Jun 30, 2025	Q1 2025Mar 31, 2025
Operating Summary
Revenue	12.40B	16.45B	13.27B	9.74B	10.10B
Cost of Revenue	5.45B	7.33B	6.30B	4.33B	4.37B
Gross Profit	6.95B	9.12B	6.97B	5.41B	5.73B
SG&A	0.88B	1.21B	0.92B	0.75B	0.72B
Operating Expenses	1.22B	1.50B	1.17B	1.04B	0.97B
Operating Income	5.73B	7.62B	5.80B	4.37B	4.76B
Interest Income	658.40M	691.57M	613.83M	630.00M	569.84M
Interest Expense	-140.73M	-106.57M	-144.17M	-92.08M	-149.28M
Other Income/Expense	100.87M	-14.16M	152.97M	59.02M	158.55M
Pretax Income	7.25B	8.91B	6.32B	4.99B	5.43B
Income Tax	0.83B	1.23B	0.55B	0.75B	0.80B
Net Income	5.00B	6.15B	4.37B	3.37B	3.71B
EBITDA	6.20B	8.03B	6.18B	4.79B	5.13B
EBIT	5.73B	7.62B	5.80B	4.37B	4.76B
EPS (Basic)	0.57	0.69	0.49	0.38	0.42
EPS (Diluted)	0.57	0.69	0.49	0.38	0.42
Margins & Efficiency
Gross Margin %	+56.1%	+55.4%	+52.5%	+55.5%	+56.7%
EBITDA Margin %	+50.0%	+48.8%	+46.6%	+49.2%	+50.8%
Net Margin %	+40.3%	+37.4%	+32.9%	+34.6%	+36.7%
Revenue & Income
Revenue	12.40B	16.45B	13.27B	9.74B	10.10B
Revenue Growth (YoY)	+22.8%	+40.5%	+41.4%	+26.7%	+50.2%
Interest & Investment Income	658.40M	691.57M	613.83M	630.00M	569.84M
Earnings From Equity Investments	545.53M	546.60M	62.47M	82.10M	109.70M
Gain (Loss) on Sale of Assets	—	—	—	—	—
Gain (Loss) on Sale of Investments	—	194.15M	—	—	—
Currency Exchange Gain (Loss)	352.32M	-21.40M	-162.60M	-59.38M	-16.68M
Expenses & Provisions
Cost of Revenue	5.45B	7.33B	6.30B	4.33B	4.37B
Selling, General & Admin	0.88B	1.21B	0.92B	0.75B	0.72B
Operating Expenses	1.22B	1.50B	1.17B	1.04B	0.97B
Other Operating Expenses	-113.67M	-111.75M	-115.52M	-116.77M	-105.84M
Interest Expense	-140.73M	-106.57M	-144.17M	-92.08M	-149.28M
Other Non Operating Income (Expenses)	100.87M	-14.16M	152.97M	59.02M	158.55M
Asset Writedown	—	—	—	—	—
D&A For EBITDA	468.71M	409.61M	384.59M	417.10M	369.16M
Profitability & Returns
Gross Profit	6.95B	9.12B	6.97B	5.41B	5.73B
Gross Margin	+56.1%	+55.4%	+52.5%	+55.5%	+56.7%
EBIT	5.73B	7.62B	5.80B	4.37B	4.76B
EBIT Margin	+46.2%	+46.3%	+43.7%	+44.9%	+47.1%
EBITDA	6.20B	8.03B	6.18B	4.79B	5.13B
EBITDA Margin	+50.0%	+48.8%	+46.6%	+49.2%	+50.8%
EBT Excluding Unusual Items	7.25B	8.72B	6.32B	4.99B	5.43B
Pretax Income	7.25B	8.91B	6.32B	4.99B	5.43B
Operating Income	5.73B	7.62B	5.80B	4.37B	4.76B
Operating Margin	+46.2%	+46.3%	+43.7%	+44.9%	+47.1%
Profit Margin	+40.3%	+37.4%	+32.9%	+34.6%	+36.7%
Net Income	5.00B	6.15B	4.37B	3.37B	3.71B
Net Income to Common	5.00B	6.15B	4.37B	3.37B	3.71B
Net Income Growth	+34.7%	+23.1%	+37.4%	+39.3%	+27.0%
Earnings From Continuing Ops.	6.41B	7.68B	5.77B	4.24B	4.64B
Minority Interest in Earnings	-1.41B	-1.53B	-1.39B	-0.87B	-0.93B
Income Tax Expense	0.83B	1.23B	0.55B	0.75B	0.80B
Effective Tax Rate	+11.5%	+13.8%	+8.8%	+14.9%	+14.7%
Per Share & Capital
EPS (Basic)	0.57	0.69	0.49	0.38	0.42
EPS (Diluted)	0.57	0.69	0.49	0.38	0.42
EPS Growth	+35.7%	+20.3%	+36.1%	+40.7%	+27.3%
Dividend Per Share	—	1.00	—	—	—
Shares Change (YoY)	-0.01	0.02	0.01	-0.01	-0
Shares Outstanding (Basic)	8.77B	8.93B	8.92B	8.87B	8.83B
Shares Outstanding (Diluted)	8.77B	8.93B	8.92B	8.87B	8.83B
Dividend Growth	—	—	—	—	—
Free Cash Flow	7.25B	9.28B	4.76B	9.69B	8.79B
Free Cash Flow Margin	+58.5%	+56.4%	+35.9%	+99.6%	+87.0%
Free Cash Flow Per Share	0.83	1.04	0.53	1.09	1.00
Payout Ratio	—	—	+18.3%	+307.9%	—