EMAARDEV

Emaar Development PJSC

EMAARDEVStocksDubai 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
Operations
Operating Cash Flow	5.14B	5.86B	3.13B	6.02B	6.04B
Free Cash Flow	5.14B	5.87B	3.12B	6.01B	6.04B
Capital Expenditures	-3.46M	1.41M	-3.92M	-4.66M	-0.35M
Investing & Financing
Investing Cash Flow	-0.13B	-1.09B	0.35B	0.29B	0.26B
Financing Cash Flow	-0.03B	-0.02B	-0.81B	-3.76B	-0.02B
Dividends Paid	—	—	—	-2.72B	—
Operating Activities
Operating Cash Flow	5.14B	5.86B	3.13B	6.02B	6.04B
Net Income	2.92B	4.31B	3.25B	1.84B	1.92B
Change in Accounts Payable	0.41B	2.58B	0.57B	-0.10B	-0.05B
Change in Accounts Receivable	0.41B	1.07B	0.87B	0.94B	1.24B
Change in Inventory	-0.52B	-1.33B	-3.04B	-0.22B	0.21B
Change in Other Net Operating Assets	-1.90B	-0.72B	0.08B	-0.83B	-0.01B
Change in Unearned Revenue	3.47B	-0.66B	0.93B	3.84B	2.22B
Change in Working Capital	1.87B	0.93B	-0.59B	3.63B	3.61B
Other Operating Activities	0.77B	1.08B	0.58B	0.62B	0.59B
Depreciation & Amortization	2.58M	3.21M	2.31M	6.15M	2.02M
Cash Interest Paid	24.68M	23.79M	8.97M	37.09M	19.72M
Cash Income Tax Paid	—	—	143.20M	—	—
Loss (Gain) on Equity Investments	-426.51M	-461.18M	-111.54M	-74.27M	-69.86M
Investing Activities
Investing Cash Flow	-0.13B	-1.09B	0.35B	0.29B	0.26B
Capital Expenditures	-3.46M	1.41M	-3.92M	-4.66M	-0.35M
Investment in Securities	-0.52B	-1.51B	—	—	—
Other Investing Activities	393.47M	411.20M	349.82M	293.94M	256.31M
Sale (Purchase) of Real Estate	—	—	—	—	—
Financing Activities
Financing Cash Flow	-0.03B	-0.02B	-0.81B	-3.76B	-0.02B
Common Dividends Paid	—	—	—	-2.72B	—
Long-Term Debt Issued	—	—	—	—	—
Short-Term Debt Issued	—	—	—	—	—
Total Debt Issued	—	—	1.75B	—	—
Long-Term Debt Repaid	—	—	—	—	—
Short-Term Debt Repaid	—	—	—	—	—
Total Debt Repaid	—	—	-1.75B	—	—
Net Debt Issued (Repaid)	—	—	—	—	—
Other Financing Activities	-0.03B	-0.02B	-0.81B	-1.04B	-0.02B
Free Cash Flow & Returns
Free Cash Flow	5.14B	5.87B	3.12B	6.01B	6.04B
Free Cash Flow Growth	-15.0%	+100.3%	-25.7%	+50.4%	—
Free Cash Flow Margin	+74.9%	+59.6%	+40.5%	+122.5%	+120.3%
Free Cash Flow Per Share	1.28	1.47	0.78	1.51	1.51
Levered Free Cash Flow	3.81B	3.08B	-0.13B	-1.94B	5.45B
Unlevered Free Cash Flow	3.81B	3.08B	-0.12B	-1.93B	5.46B
Operating Cash Flow Growth	-14.9%	+100.2%	-25.6%	+50.5%	—
Net Cash Flow	4.99B	4.75B	2.66B	2.55B	6.28B

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
Operations
Operating Cash Flow	5.14B	5.86B	3.13B	6.02B	6.04B
Free Cash Flow	5.14B	5.87B	3.12B	6.01B	6.04B
Capital Expenditures	-3.46M	1.41M	-3.92M	-4.66M	-0.35M
Investing & Financing
Investing Cash Flow	-0.13B	-1.09B	0.35B	0.29B	0.26B
Financing Cash Flow	-0.03B	-0.02B	-0.81B	-3.76B	-0.02B
Dividends Paid	—	—	—	-2.72B	—
Operating Activities
Operating Cash Flow	5.14B	5.86B	3.13B	6.02B	6.04B
Net Income	2.92B	4.31B	3.25B	1.84B	1.92B
Change in Accounts Payable	0.41B	2.58B	0.57B	-0.10B	-0.05B
Change in Accounts Receivable	0.41B	1.07B	0.87B	0.94B	1.24B
Change in Inventory	-0.52B	-1.33B	-3.04B	-0.22B	0.21B
Change in Other Net Operating Assets	-1.90B	-0.72B	0.08B	-0.83B	-0.01B
Change in Unearned Revenue	3.47B	-0.66B	0.93B	3.84B	2.22B
Change in Working Capital	1.87B	0.93B	-0.59B	3.63B	3.61B
Other Operating Activities	0.77B	1.08B	0.58B	0.62B	0.59B
Depreciation & Amortization	2.58M	3.21M	2.31M	6.15M	2.02M
Cash Interest Paid	24.68M	23.79M	8.97M	37.09M	19.72M
Cash Income Tax Paid	—	—	143.20M	—	—
Loss (Gain) on Equity Investments	-426.51M	-461.18M	-111.54M	-74.27M	-69.86M
Investing Activities
Investing Cash Flow	-0.13B	-1.09B	0.35B	0.29B	0.26B
Capital Expenditures	-3.46M	1.41M	-3.92M	-4.66M	-0.35M
Investment in Securities	-0.52B	-1.51B	—	—	—
Other Investing Activities	393.47M	411.20M	349.82M	293.94M	256.31M
Sale (Purchase) of Real Estate	—	—	—	—	—
Financing Activities
Financing Cash Flow	-0.03B	-0.02B	-0.81B	-3.76B	-0.02B
Common Dividends Paid	—	—	—	-2.72B	—
Long-Term Debt Issued	—	—	—	—	—
Short-Term Debt Issued	—	—	—	—	—
Total Debt Issued	—	—	1.75B	—	—
Long-Term Debt Repaid	—	—	—	—	—
Short-Term Debt Repaid	—	—	—	—	—
Total Debt Repaid	—	—	-1.75B	—	—
Net Debt Issued (Repaid)	—	—	—	—	—
Other Financing Activities	-0.03B	-0.02B	-0.81B	-1.04B	-0.02B
Free Cash Flow & Returns
Free Cash Flow	5.14B	5.87B	3.12B	6.01B	6.04B
Free Cash Flow Growth	-15.0%	+100.3%	-25.7%	+50.4%	—
Free Cash Flow Margin	+74.9%	+59.6%	+40.5%	+122.5%	+120.3%
Free Cash Flow Per Share	1.28	1.47	0.78	1.51	1.51
Levered Free Cash Flow	3.81B	3.08B	-0.13B	-1.94B	5.45B
Unlevered Free Cash Flow	3.81B	3.08B	-0.12B	-1.93B	5.46B
Operating Cash Flow Growth	-14.9%	+100.2%	-25.6%	+50.5%	—
Net Cash Flow	4.99B	4.75B	2.66B	2.55B	6.28B