EMAARDEV

Emaar Development PJSC

EMAARDEVStocksDubai Financial MarketReal Estate

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	9.84B	7.71B	4.91B	5.02B	6.67B
Cost of Revenue	4.20B	3.38B	2.19B	2.26B	2.88B
Gross Profit	5.64B	4.33B	2.71B	2.76B	3.79B
SG&A	740.95M	538.80M	370.66M	361.59M	497.11M
Operating Expenses	744.15M	541.10M	376.81M	363.61M	499.11M
Operating Income	4.89B	3.79B	2.34B	2.40B	3.29B
Interest Income	373.71M	323.22M	278.11M	263.95M	231.36M
Interest Expense	-1.54M	-5.78M	-3.92M	-3.74M	-29.85M
Other Income/Expense	-22.65M	62.27M	57.03M	36.51M	19.96M
Pretax Income	5.70B	4.28B	2.74B	2.77B	3.62B
Income Tax	798.93M	282.77M	393.19M	410.38M	-95.92M
Net Income	4.31B	3.25B	1.84B	1.92B	3.06B
EBITDA	4.90B	3.79B	2.34B	2.40B	3.29B
EBIT	4.89B	3.79B	2.34B	2.40B	3.29B
EPS (Basic)	1.08	0.81	0.46	0.48	0.77
EPS (Diluted)	1.08	0.81	0.46	0.48	0.77
Margins & Efficiency
Gross Margin %	+57.3%	+56.1%	+55.3%	+55.0%	+56.8%
EBITDA Margin %	+49.7%	+49.2%	+47.8%	+47.8%	+49.3%
Net Margin %	+43.8%	+42.1%	+37.5%	+38.2%	+45.9%
Revenue & Income
Revenue	9.84B	7.71B	4.91B	5.02B	6.67B
Revenue Growth (YoY)	+47.6%	+50.1%	+28.0%	+43.3%	+46.5%
Interest & Investment Income	373.71M	323.22M	278.11M	263.95M	231.36M
Earnings From Equity Investments	461.18M	111.54M	74.27M	69.86M	110.43M
Expenses & Provisions
Cost of Revenue	4.20B	3.38B	2.19B	2.26B	2.88B
Selling, General & Admin	740.95M	538.80M	370.66M	361.59M	497.11M
Operating Expenses	744.15M	541.10M	376.81M	363.61M	499.11M
Other Operating Expenses	—	—	—	—	—
Interest Expense	-1.54M	-5.78M	-3.92M	-3.74M	-29.85M
Other Non Operating Income (Expenses)	-22.65M	62.27M	57.03M	36.51M	19.96M
D&A For EBITDA	1.87M	2.31M	6.15M	2.02M	2.00M
Profitability & Returns
Gross Profit	5.64B	4.33B	2.71B	2.76B	3.79B
Gross Margin	+57.3%	+56.1%	+55.3%	+55.0%	+56.8%
EBIT	4.89B	3.79B	2.34B	2.40B	3.29B
EBIT Margin	+49.7%	+49.1%	+47.6%	+47.7%	+49.3%
EBITDA	4.90B	3.79B	2.34B	2.40B	3.29B
EBITDA Margin	+49.7%	+49.2%	+47.8%	+47.8%	+49.3%
Pretax Income	5.70B	4.28B	2.74B	2.77B	3.62B
Operating Income	4.89B	3.79B	2.34B	2.40B	3.29B
Operating Margin	+49.7%	+49.1%	+47.6%	+47.7%	+49.3%
Profit Margin	+43.8%	+42.1%	+37.5%	+38.2%	+45.9%
Net Income	4.31B	3.25B	1.84B	1.92B	3.06B
Net Income to Common	4.31B	3.25B	1.84B	1.92B	3.06B
Net Income Growth	+40.7%	+57.1%	+52.2%	+48.3%	+19.2%
Earnings From Continuing Ops.	4.91B	4.00B	2.35B	2.35B	3.71B
Minority Interest in Earnings	-0.60B	-0.75B	-0.51B	-0.44B	-0.65B
Income Tax Expense	798.93M	282.77M	393.19M	410.38M	-95.92M
Effective Tax Rate	+14.0%	+6.6%	+14.3%	+14.8%	—
Per Share & Capital
EPS (Basic)	1.08	0.81	0.46	0.48	0.77
EPS (Diluted)	1.08	0.81	0.46	0.48	0.77
EPS Growth	+40.1%	+55.8%	+53.3%	+50.0%	+18.3%
Dividend Per Share	1.00	—	—	—	0.68
Shares Change (YoY)	0	0.01	-0.01	-0.01	0.01
Shares Outstanding (Basic)	3.99B	4.01B	4.00B	4.00B	3.97B
Shares Outstanding (Diluted)	3.99B	4.01B	4.00B	4.00B	3.97B
Dividend Growth	+47.1%	—	—	—	+30.7%
Free Cash Flow	5.87B	3.12B	6.01B	6.04B	2.93B
Free Cash Flow Margin	+59.6%	+40.5%	+122.5%	+120.3%	+43.9%
Free Cash Flow Per Share	1.47	0.78	1.51	1.51	0.74
Payout Ratio	—	—	+148.0%	—	—

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	9.84B	7.71B	4.91B	5.02B	6.67B
Cost of Revenue	4.20B	3.38B	2.19B	2.26B	2.88B
Gross Profit	5.64B	4.33B	2.71B	2.76B	3.79B
SG&A	740.95M	538.80M	370.66M	361.59M	497.11M
Operating Expenses	744.15M	541.10M	376.81M	363.61M	499.11M
Operating Income	4.89B	3.79B	2.34B	2.40B	3.29B
Interest Income	373.71M	323.22M	278.11M	263.95M	231.36M
Interest Expense	-1.54M	-5.78M	-3.92M	-3.74M	-29.85M
Other Income/Expense	-22.65M	62.27M	57.03M	36.51M	19.96M
Pretax Income	5.70B	4.28B	2.74B	2.77B	3.62B
Income Tax	798.93M	282.77M	393.19M	410.38M	-95.92M
Net Income	4.31B	3.25B	1.84B	1.92B	3.06B
EBITDA	4.90B	3.79B	2.34B	2.40B	3.29B
EBIT	4.89B	3.79B	2.34B	2.40B	3.29B
EPS (Basic)	1.08	0.81	0.46	0.48	0.77
EPS (Diluted)	1.08	0.81	0.46	0.48	0.77
Margins & Efficiency
Gross Margin %	+57.3%	+56.1%	+55.3%	+55.0%	+56.8%
EBITDA Margin %	+49.7%	+49.2%	+47.8%	+47.8%	+49.3%
Net Margin %	+43.8%	+42.1%	+37.5%	+38.2%	+45.9%
Revenue & Income
Revenue	9.84B	7.71B	4.91B	5.02B	6.67B
Revenue Growth (YoY)	+47.6%	+50.1%	+28.0%	+43.3%	+46.5%
Interest & Investment Income	373.71M	323.22M	278.11M	263.95M	231.36M
Earnings From Equity Investments	461.18M	111.54M	74.27M	69.86M	110.43M
Expenses & Provisions
Cost of Revenue	4.20B	3.38B	2.19B	2.26B	2.88B
Selling, General & Admin	740.95M	538.80M	370.66M	361.59M	497.11M
Operating Expenses	744.15M	541.10M	376.81M	363.61M	499.11M
Other Operating Expenses	—	—	—	—	—
Interest Expense	-1.54M	-5.78M	-3.92M	-3.74M	-29.85M
Other Non Operating Income (Expenses)	-22.65M	62.27M	57.03M	36.51M	19.96M
D&A For EBITDA	1.87M	2.31M	6.15M	2.02M	2.00M
Profitability & Returns
Gross Profit	5.64B	4.33B	2.71B	2.76B	3.79B
Gross Margin	+57.3%	+56.1%	+55.3%	+55.0%	+56.8%
EBIT	4.89B	3.79B	2.34B	2.40B	3.29B
EBIT Margin	+49.7%	+49.1%	+47.6%	+47.7%	+49.3%
EBITDA	4.90B	3.79B	2.34B	2.40B	3.29B
EBITDA Margin	+49.7%	+49.2%	+47.8%	+47.8%	+49.3%
Pretax Income	5.70B	4.28B	2.74B	2.77B	3.62B
Operating Income	4.89B	3.79B	2.34B	2.40B	3.29B
Operating Margin	+49.7%	+49.1%	+47.6%	+47.7%	+49.3%
Profit Margin	+43.8%	+42.1%	+37.5%	+38.2%	+45.9%
Net Income	4.31B	3.25B	1.84B	1.92B	3.06B
Net Income to Common	4.31B	3.25B	1.84B	1.92B	3.06B
Net Income Growth	+40.7%	+57.1%	+52.2%	+48.3%	+19.2%
Earnings From Continuing Ops.	4.91B	4.00B	2.35B	2.35B	3.71B
Minority Interest in Earnings	-0.60B	-0.75B	-0.51B	-0.44B	-0.65B
Income Tax Expense	798.93M	282.77M	393.19M	410.38M	-95.92M
Effective Tax Rate	+14.0%	+6.6%	+14.3%	+14.8%	—
Per Share & Capital
EPS (Basic)	1.08	0.81	0.46	0.48	0.77
EPS (Diluted)	1.08	0.81	0.46	0.48	0.77
EPS Growth	+40.1%	+55.8%	+53.3%	+50.0%	+18.3%
Dividend Per Share	1.00	—	—	—	0.68
Shares Change (YoY)	0	0.01	-0.01	-0.01	0.01
Shares Outstanding (Basic)	3.99B	4.01B	4.00B	4.00B	3.97B
Shares Outstanding (Diluted)	3.99B	4.01B	4.00B	4.00B	3.97B
Dividend Growth	+47.1%	—	—	—	+30.7%
Free Cash Flow	5.87B	3.12B	6.01B	6.04B	2.93B
Free Cash Flow Margin	+59.6%	+40.5%	+122.5%	+120.3%	+43.9%
Free Cash Flow Per Share	1.47	0.78	1.51	1.51	0.74
Payout Ratio	—	—	+148.0%	—	—