Etihad Energy Holding

Etihad Energy Holding P.J.S.C.

ETIHADENERGYStocksDubai Financial MarketTransportation

Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (AED)

	2025Dec 31, 2025	2024Dec 31, 2024	2022Dec 31, 2022	2021Dec 31, 2021
Operating Summary
Revenue	307.54M	280.88M	299.50M	153.39M
Cost of Revenue	129.15M	110.05M	90.35M	55.12M
Gross Profit	178.39M	170.84M	209.15M	98.27M
SG&A	60.22M	39.84M	50.21M	13.18M
Operating Expenses	72.76M	28.23M	50.46M	13.29M
Operating Income	105.62M	142.61M	158.69M	84.99M
Interest Expense	-86.40M	-92.04M	-92.16M	-24.43M
Other Income/Expense	-5.47M	-9.73M	14.03M	20.00M
Pretax Income	13.74M	33.31M	80.47M	80.46M
Net Income	13.74M	33.31M	80.47M	80.46M
EBITDA	152.22M	184.18M	203.10M	110.09M
EBIT	105.62M	142.61M	158.69M	84.99M
EPS (Basic)	0.01	—	—	—
EPS (Diluted)	0.01	—	—	—
Margins & Efficiency
Gross Margin %	+58.0%	+60.8%	+69.8%	+64.1%
EBITDA Margin %	+49.5%	+65.6%	+67.8%	+71.8%
Net Margin %	+4.5%	+11.9%	+26.9%	+52.5%
Revenue & Income
Revenue	307.54M	280.88M	299.50M	153.39M
Revenue Growth (YoY)	+9.5%	-6.2%	+95.3%	—
Currency Exchange Gain (Loss)	-25.00K	-36.00K	-86.52K	-96.69K
Expenses & Provisions
Cost of Revenue	129.15M	110.05M	90.35M	55.12M
Selling, General & Admin	60.22M	39.84M	50.21M	13.18M
Operating Expenses	72.76M	28.23M	50.46M	13.29M
Other Operating Expenses	—	—	241.90K	103.77K
Interest Expense	-86.40M	-92.04M	-92.16M	-24.43M
Other Non Operating Income (Expenses)	-5.47M	-9.73M	14.03M	20.00M
Legal Settlements	—	-7.50M	—	—
D&A For EBITDA	46.59M	41.57M	44.41M	25.10M
Profitability & Returns
Gross Profit	178.39M	170.84M	209.15M	98.27M
Gross Margin	+58.0%	+60.8%	+69.8%	+64.1%
EBIT	105.62M	142.61M	158.69M	84.99M
EBIT Margin	+34.3%	+50.8%	+53.0%	+55.4%
EBITDA	152.22M	184.18M	203.10M	110.09M
EBITDA Margin	+49.5%	+65.6%	+67.8%	+71.8%
EBT Excluding Unusual Items	13.74M	40.81M	80.47M	80.46M
Pretax Income	13.74M	33.31M	80.47M	80.46M
Operating Income	105.62M	142.61M	158.69M	84.99M
Operating Margin	+34.3%	+50.8%	+53.0%	+55.4%
Profit Margin	+4.5%	+11.9%	+26.9%	+52.5%
Net Income	13.74M	33.31M	80.47M	80.46M
Net Income to Common	13.74M	33.31M	80.47M	80.46M
Net Income Growth	-58.8%	-58.6%	0.0%	—
Per Share & Capital
EPS (Basic)	0.01	—	—	—
EPS (Diluted)	0.01	—	—	—
Shares Outstanding (Basic)	2.56B	—	—	—
Shares Outstanding (Diluted)	2.56B	—	—	—
Free Cash Flow	31.18M	151.30M	138.67M	-124.00M
Free Cash Flow Margin	+10.1%	+53.9%	+46.3%	-80.8%
Free Cash Flow Per Share	0.01	—	—	—
Payout Ratio	+3,349.1%	—	—	—

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (AED)

	2025Dec 31, 2025	2024Dec 31, 2024	2022Dec 31, 2022	2021Dec 31, 2021
Operating Summary
Revenue	307.54M	280.88M	299.50M	153.39M
Cost of Revenue	129.15M	110.05M	90.35M	55.12M
Gross Profit	178.39M	170.84M	209.15M	98.27M
SG&A	60.22M	39.84M	50.21M	13.18M
Operating Expenses	72.76M	28.23M	50.46M	13.29M
Operating Income	105.62M	142.61M	158.69M	84.99M
Interest Expense	-86.40M	-92.04M	-92.16M	-24.43M
Other Income/Expense	-5.47M	-9.73M	14.03M	20.00M
Pretax Income	13.74M	33.31M	80.47M	80.46M
Net Income	13.74M	33.31M	80.47M	80.46M
EBITDA	152.22M	184.18M	203.10M	110.09M
EBIT	105.62M	142.61M	158.69M	84.99M
EPS (Basic)	0.01	—	—	—
EPS (Diluted)	0.01	—	—	—
Margins & Efficiency
Gross Margin %	+58.0%	+60.8%	+69.8%	+64.1%
EBITDA Margin %	+49.5%	+65.6%	+67.8%	+71.8%
Net Margin %	+4.5%	+11.9%	+26.9%	+52.5%
Revenue & Income
Revenue	307.54M	280.88M	299.50M	153.39M
Revenue Growth (YoY)	+9.5%	-6.2%	+95.3%	—
Currency Exchange Gain (Loss)	-25.00K	-36.00K	-86.52K	-96.69K
Expenses & Provisions
Cost of Revenue	129.15M	110.05M	90.35M	55.12M
Selling, General & Admin	60.22M	39.84M	50.21M	13.18M
Operating Expenses	72.76M	28.23M	50.46M	13.29M
Other Operating Expenses	—	—	241.90K	103.77K
Interest Expense	-86.40M	-92.04M	-92.16M	-24.43M
Other Non Operating Income (Expenses)	-5.47M	-9.73M	14.03M	20.00M
Legal Settlements	—	-7.50M	—	—
D&A For EBITDA	46.59M	41.57M	44.41M	25.10M
Profitability & Returns
Gross Profit	178.39M	170.84M	209.15M	98.27M
Gross Margin	+58.0%	+60.8%	+69.8%	+64.1%
EBIT	105.62M	142.61M	158.69M	84.99M
EBIT Margin	+34.3%	+50.8%	+53.0%	+55.4%
EBITDA	152.22M	184.18M	203.10M	110.09M
EBITDA Margin	+49.5%	+65.6%	+67.8%	+71.8%
EBT Excluding Unusual Items	13.74M	40.81M	80.47M	80.46M
Pretax Income	13.74M	33.31M	80.47M	80.46M
Operating Income	105.62M	142.61M	158.69M	84.99M
Operating Margin	+34.3%	+50.8%	+53.0%	+55.4%
Profit Margin	+4.5%	+11.9%	+26.9%	+52.5%
Net Income	13.74M	33.31M	80.47M	80.46M
Net Income to Common	13.74M	33.31M	80.47M	80.46M
Net Income Growth	-58.8%	-58.6%	0.0%	—
Per Share & Capital
EPS (Basic)	0.01	—	—	—
EPS (Diluted)	0.01	—	—	—
Shares Outstanding (Basic)	2.56B	—	—	—
Shares Outstanding (Diluted)	2.56B	—	—	—
Free Cash Flow	31.18M	151.30M	138.67M	-124.00M
Free Cash Flow Margin	+10.1%	+53.9%	+46.3%	-80.8%
Free Cash Flow Per Share	0.01	—	—	—
Payout Ratio	+3,349.1%	—	—	—