Spinneys 1961 Holding PLC - Freezone

Spinneys 1961 Holding plc

SPINNEYSStocksDubai Financial MarketConsumer Discretionary

Financials

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (AED)

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Operating Summary
Revenue	3.65B	3.23B	2.87B	2.63B	2.52B
Cost of Revenue	2.12B	1.89B	1.67B	1.54B	1.51B
Gross Profit	1.53B	1.34B	1.21B	1.09B	1.01B
SG&A	812.67M	717.53M	662.00M	593.28M	551.90M
Operating Expenses	1.11B	0.97B	0.89B	0.81B	0.76B
Operating Income	424.64M	362.34M	311.03M	273.57M	251.10M
Interest Income	24.23M	13.30M	—	—	0.70M
Interest Expense	-55.97M	-50.98M	-44.55M	-36.38M	-38.89M
Other Income/Expense	10.73M	11.17M	12.67M	9.22M	6.55M
Pretax Income	394.77M	322.63M	255.59M	215.11M	193.36M
Income Tax	63.03M	33.00M	1.28M	0.84M	1.18M
Net Income	341.41M	304.27M	256.15M	214.27M	192.18M
EBITDA	537.88M	451.23M	366.70M	328.22M	305.88M
EBIT	424.64M	362.34M	311.03M	273.57M	251.10M
EPS (Basic)	0.09	0.08	0.07	—	—
EPS (Diluted)	0.09	0.08	0.07	—	—
DPS	0.07	0.06	0.06	—	—
Margins & Efficiency
Gross Margin %	+42.0%	+41.4%	+42.0%	+41.3%	+40.2%
EBITDA Margin %	+14.7%	+14.0%	+12.8%	+12.5%	+12.1%
Net Margin %	+9.4%	+9.4%	+8.9%	+8.1%	+7.6%
Revenue & Income
Revenue	3.65B	3.23B	2.87B	2.63B	2.52B
Revenue as Reported	3.65B	3.23B	2.87B	2.63B	2.52B
Revenue Growth (YoY)	+13.1%	+12.3%	+9.2%	+4.3%	—
Interest & Investment Income	24.23M	13.30M	—	—	0.70M
Gain (Loss) on Sale of Assets	1.55M	1.34M	4.26M	2.59M	1.75M
Currency Exchange Gain (Loss)	—	—	—	0.21M	2.88M
Expenses & Provisions
Cost of Revenue	2.12B	1.89B	1.67B	1.54B	1.51B
Selling, General & Admin	812.67M	717.53M	662.00M	593.28M	551.90M
Operating Expenses	1.11B	0.97B	0.89B	0.81B	0.76B
Interest Expense	-55.97M	-50.98M	-44.55M	-36.38M	-38.89M
Other Non Operating Income (Expenses)	10.73M	11.17M	12.67M	9.22M	6.55M
Asset Writedown	-10.41M	-14.54M	-26.65M	-31.16M	-29.16M
Impairment of Goodwill	—	—	-3.46M	-3.04M	-1.60M
D&A For EBITDA	113.24M	88.90M	55.67M	54.65M	54.78M
Profitability & Returns
Gross Profit	1.53B	1.34B	1.21B	1.09B	1.01B
Gross Margin	+42.0%	+41.4%	+42.0%	+41.3%	+40.2%
EBIT	424.64M	362.34M	311.03M	273.57M	251.10M
EBIT Margin	+11.6%	+11.2%	+10.8%	+10.4%	+10.0%
EBITDA	537.88M	451.23M	366.70M	328.22M	305.88M
EBITDA Margin	+14.7%	+14.0%	+12.8%	+12.5%	+12.1%
EBT Excluding Unusual Items	403.63M	335.82M	279.16M	246.62M	222.33M
Pretax Income	394.77M	322.63M	255.59M	215.11M	193.36M
Operating Income	424.64M	362.34M	311.03M	273.57M	251.10M
Operating Margin	+11.6%	+11.2%	+10.8%	+10.4%	+10.0%
Profit Margin	+9.4%	+9.4%	+8.9%	+8.1%	+7.6%
Net Income	341.41M	304.27M	256.15M	214.27M	192.18M
Net Income to Common	341.41M	304.27M	256.15M	214.27M	192.18M
Net Income Growth	+12.2%	+18.8%	+19.5%	+11.5%	—
Earnings From Continuing Ops.	331.75M	289.63M	254.32M	214.27M	192.18M
Minority Interest in Earnings	9.66M	14.65M	1.84M	—	—
Income Tax Expense	63.03M	33.00M	1.28M	0.84M	1.18M
Effective Tax Rate	+16.0%	+10.2%	+0.5%	+0.4%	+0.6%
Per Share & Capital
EPS (Basic)	0.09	0.08	0.07	—	—
EPS (Diluted)	0.09	0.08	0.07	—	—
EPS Growth	+12.2%	+18.8%	—	—	—
Dividend Per Share	0.07	0.06	0.06	—	—
Shares Change (YoY)	-0	—	—	—	—
Shares Outstanding (Basic)	3.60B	3.60B	3.60B	—	—
Shares Outstanding (Diluted)	3.60B	3.60B	3.60B	—	—
Dividend Growth	+22.5%	+2.7%	—	—	—
Free Cash Flow	669.52M	472.60M	682.11M	307.28M	399.31M
Free Cash Flow Margin	+18.4%	+14.7%	+23.8%	+11.7%	+15.8%
Free Cash Flow Per Share	0.19	0.13	0.19	—	—
Payout Ratio	+64.5%	+33.7%	+77.2%	+102.1%	+102.6%
Supplemental
Other Unusual Items	—	—	2.29M	0.10M	0.04M

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Annual (AED)

	2025Dec 31, 2025	2024Dec 31, 2024	2023Dec 31, 2023	2022Dec 31, 2022	2021Dec 31, 2021
Operating Summary
Revenue	3.65B	3.23B	2.87B	2.63B	2.52B
Cost of Revenue	2.12B	1.89B	1.67B	1.54B	1.51B
Gross Profit	1.53B	1.34B	1.21B	1.09B	1.01B
SG&A	812.67M	717.53M	662.00M	593.28M	551.90M
Operating Expenses	1.11B	0.97B	0.89B	0.81B	0.76B
Operating Income	424.64M	362.34M	311.03M	273.57M	251.10M
Interest Income	24.23M	13.30M	—	—	0.70M
Interest Expense	-55.97M	-50.98M	-44.55M	-36.38M	-38.89M
Other Income/Expense	10.73M	11.17M	12.67M	9.22M	6.55M
Pretax Income	394.77M	322.63M	255.59M	215.11M	193.36M
Income Tax	63.03M	33.00M	1.28M	0.84M	1.18M
Net Income	341.41M	304.27M	256.15M	214.27M	192.18M
EBITDA	537.88M	451.23M	366.70M	328.22M	305.88M
EBIT	424.64M	362.34M	311.03M	273.57M	251.10M
EPS (Basic)	0.09	0.08	0.07	—	—
EPS (Diluted)	0.09	0.08	0.07	—	—
DPS	0.07	0.06	0.06	—	—
Margins & Efficiency
Gross Margin %	+42.0%	+41.4%	+42.0%	+41.3%	+40.2%
EBITDA Margin %	+14.7%	+14.0%	+12.8%	+12.5%	+12.1%
Net Margin %	+9.4%	+9.4%	+8.9%	+8.1%	+7.6%
Revenue & Income
Revenue	3.65B	3.23B	2.87B	2.63B	2.52B
Revenue as Reported	3.65B	3.23B	2.87B	2.63B	2.52B
Revenue Growth (YoY)	+13.1%	+12.3%	+9.2%	+4.3%	—
Interest & Investment Income	24.23M	13.30M	—	—	0.70M
Gain (Loss) on Sale of Assets	1.55M	1.34M	4.26M	2.59M	1.75M
Currency Exchange Gain (Loss)	—	—	—	0.21M	2.88M
Expenses & Provisions
Cost of Revenue	2.12B	1.89B	1.67B	1.54B	1.51B
Selling, General & Admin	812.67M	717.53M	662.00M	593.28M	551.90M
Operating Expenses	1.11B	0.97B	0.89B	0.81B	0.76B
Interest Expense	-55.97M	-50.98M	-44.55M	-36.38M	-38.89M
Other Non Operating Income (Expenses)	10.73M	11.17M	12.67M	9.22M	6.55M
Asset Writedown	-10.41M	-14.54M	-26.65M	-31.16M	-29.16M
Impairment of Goodwill	—	—	-3.46M	-3.04M	-1.60M
D&A For EBITDA	113.24M	88.90M	55.67M	54.65M	54.78M
Profitability & Returns
Gross Profit	1.53B	1.34B	1.21B	1.09B	1.01B
Gross Margin	+42.0%	+41.4%	+42.0%	+41.3%	+40.2%
EBIT	424.64M	362.34M	311.03M	273.57M	251.10M
EBIT Margin	+11.6%	+11.2%	+10.8%	+10.4%	+10.0%
EBITDA	537.88M	451.23M	366.70M	328.22M	305.88M
EBITDA Margin	+14.7%	+14.0%	+12.8%	+12.5%	+12.1%
EBT Excluding Unusual Items	403.63M	335.82M	279.16M	246.62M	222.33M
Pretax Income	394.77M	322.63M	255.59M	215.11M	193.36M
Operating Income	424.64M	362.34M	311.03M	273.57M	251.10M
Operating Margin	+11.6%	+11.2%	+10.8%	+10.4%	+10.0%
Profit Margin	+9.4%	+9.4%	+8.9%	+8.1%	+7.6%
Net Income	341.41M	304.27M	256.15M	214.27M	192.18M
Net Income to Common	341.41M	304.27M	256.15M	214.27M	192.18M
Net Income Growth	+12.2%	+18.8%	+19.5%	+11.5%	—
Earnings From Continuing Ops.	331.75M	289.63M	254.32M	214.27M	192.18M
Minority Interest in Earnings	9.66M	14.65M	1.84M	—	—
Income Tax Expense	63.03M	33.00M	1.28M	0.84M	1.18M
Effective Tax Rate	+16.0%	+10.2%	+0.5%	+0.4%	+0.6%
Per Share & Capital
EPS (Basic)	0.09	0.08	0.07	—	—
EPS (Diluted)	0.09	0.08	0.07	—	—
EPS Growth	+12.2%	+18.8%	—	—	—
Dividend Per Share	0.07	0.06	0.06	—	—
Shares Change (YoY)	-0	—	—	—	—
Shares Outstanding (Basic)	3.60B	3.60B	3.60B	—	—
Shares Outstanding (Diluted)	3.60B	3.60B	3.60B	—	—
Dividend Growth	+22.5%	+2.7%	—	—	—
Free Cash Flow	669.52M	472.60M	682.11M	307.28M	399.31M
Free Cash Flow Margin	+18.4%	+14.7%	+23.8%	+11.7%	+15.8%
Free Cash Flow Per Share	0.19	0.13	0.19	—	—
Payout Ratio	+64.5%	+33.7%	+77.2%	+102.1%	+102.6%
Supplemental
Other Unusual Items	—	—	2.29M	0.10M	0.04M