Union Properties

Union Properties (P.J.S.C)

UPPStocksDubai Financial MarketReal Estate

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	736.88M	528.75M	508.01M	419.19M	398.70M
Cost of Revenue	622.85M	426.12M	404.33M	347.48M	330.87M
Gross Profit	114.03M	102.63M	103.68M	71.71M	67.83M
SG&A	168.00M	124.49M	94.42M	73.27M	133.02M
Operating Expenses	159.50M	99.26M	72.56M	63.89M	119.95M
Operating Income	-45.47M	3.37M	31.13M	7.81M	-52.12M
Interest Income	2.94M	0.28M	1.72M	—	2.02M
Interest Expense	-27.48M	-29.33M	-111.22M	-73.78M	-76.17M
Other Income/Expense	6.24M	-2.33M	-2.86M	-1.05M	-149.28M
Pretax Income	508.41M	304.15M	837.62M	29.98M	-966.76M
Income Tax	45.95M	28.51M	—	—	—
Net Income	462.46M	275.64M	837.62M	29.98M	-966.76M
EBITDA	-21.88M	14.79M	38.29M	14.96M	-44.16M
EBIT	-45.47M	3.37M	31.13M	7.81M	-52.12M
EPS (Basic)	0.11	0.06	0.20	0.01	-0.23
EPS (Diluted)	0.11	0.06	0.20	0.01	-0.23
DPS	0.03	—	—	—	—
Margins & Efficiency
Gross Margin %	+15.5%	+19.4%	+20.4%	+17.1%	+17.0%
EBITDA Margin %	-3.0%	+2.8%	+7.5%	+3.6%	-11.1%
Net Margin %	+62.8%	+52.1%	+164.9%	+7.2%	-242.5%
Revenue & Income
Revenue	736.88M	528.75M	508.01M	419.19M	398.70M
Revenue Growth (YoY)	+39.4%	+4.1%	+21.2%	+5.1%	+315.5%
Operating Revenue	736.88M	528.75M	508.01M	419.19M	398.70M
Interest & Investment Income	2.94M	0.28M	1.72M	—	2.02M
Earnings From Equity Investments	-2.31M	-10.77M	-59.41M	-5.09M	-2.96M
Gain (Loss) on Sale of Assets	288.85M	158.47M	70.42M	2.43M	370.33M
Currency Exchange Gain (Loss)	—	14.40M	9.15M	—	—
Expenses & Provisions
Cost of Revenue	622.85M	426.12M	404.33M	347.48M	330.87M
Selling, General & Admin	168.00M	124.49M	94.42M	73.27M	133.02M
Operating Expenses	159.50M	99.26M	72.56M	63.89M	119.95M
Other Operating Expenses	-33.64M	-46.63M	-30.66M	-16.64M	-13.07M
Interest Expense	-27.48M	-29.33M	-111.22M	-73.78M	-76.17M
Other Non Operating Income (Expenses)	6.24M	-2.33M	-2.86M	-1.05M	-149.28M
Legal Settlements	3.00M	—	—	—	—
Merger & Restructuring Charges	-2.70M	—	—	—	—
Asset Writedown	0.28B	0.17B	0.51B	0.03B	-1.11B
D&A For EBITDA	23.59M	11.41M	7.16M	7.15M	7.96M
Profitability & Returns
Gross Profit	114.03M	102.63M	103.68M	71.71M	67.83M
Gross Margin	+15.5%	+19.4%	+20.4%	+17.1%	+17.0%
EBIT	-45.47M	3.37M	31.13M	7.81M	-52.12M
EBIT Margin	-6.2%	+0.6%	+6.1%	+1.9%	-13.1%
EBITDA	-21.88M	14.79M	38.29M	14.96M	-44.16M
EBITDA Margin	-3.0%	+2.8%	+7.5%	+3.6%	-11.1%
EBT Excluding Unusual Items	-66.07M	-24.39M	-131.49M	-72.10M	-278.51M
Pretax Income	508.41M	304.15M	837.62M	29.98M	-966.76M
Operating Income	-45.47M	3.37M	31.13M	7.81M	-52.12M
Operating Margin	-6.2%	+0.6%	+6.1%	+1.9%	-13.1%
Profit Margin	+62.8%	+52.1%	+164.9%	+7.2%	-242.5%
Net Income	462.46M	275.64M	837.62M	29.98M	-966.76M
Net Income to Common	462.46M	275.64M	837.62M	29.98M	-966.76M
Net Income Growth	+67.8%	-67.1%	+2,693.9%	—	—
Income Tax Expense	45.95M	28.51M	—	—	—
Effective Tax Rate	+9.0%	+9.4%	—	—	—
Per Share & Capital
EPS (Basic)	0.11	0.06	0.20	0.01	-0.23
EPS (Diluted)	0.11	0.06	0.20	0.01	-0.23
EPS Growth	+67.8%	-67.1%	+2,693.9%	—	—
Dividend Per Share	0.03	—	—	—	—
Shares Outstanding (Basic)	4.29B	4.29B	4.29B	4.29B	4.29B
Shares Outstanding (Diluted)	4.29B	4.29B	4.29B	4.29B	4.29B
Free Cash Flow	205.23M	-151.83M	-87.97M	19.10M	-107.54M
Free Cash Flow Margin	+27.9%	-28.7%	-17.3%	+4.6%	-27.0%
Free Cash Flow Per Share	0.05	-0.04	-0.02	0.00	-0.03
Supplemental
Other Unusual Items	9.84M	3.71M	392.82M	73.66M	50.73M

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	736.88M	528.75M	508.01M	419.19M	398.70M
Cost of Revenue	622.85M	426.12M	404.33M	347.48M	330.87M
Gross Profit	114.03M	102.63M	103.68M	71.71M	67.83M
SG&A	168.00M	124.49M	94.42M	73.27M	133.02M
Operating Expenses	159.50M	99.26M	72.56M	63.89M	119.95M
Operating Income	-45.47M	3.37M	31.13M	7.81M	-52.12M
Interest Income	2.94M	0.28M	1.72M	—	2.02M
Interest Expense	-27.48M	-29.33M	-111.22M	-73.78M	-76.17M
Other Income/Expense	6.24M	-2.33M	-2.86M	-1.05M	-149.28M
Pretax Income	508.41M	304.15M	837.62M	29.98M	-966.76M
Income Tax	45.95M	28.51M	—	—	—
Net Income	462.46M	275.64M	837.62M	29.98M	-966.76M
EBITDA	-21.88M	14.79M	38.29M	14.96M	-44.16M
EBIT	-45.47M	3.37M	31.13M	7.81M	-52.12M
EPS (Basic)	0.11	0.06	0.20	0.01	-0.23
EPS (Diluted)	0.11	0.06	0.20	0.01	-0.23
DPS	0.03	—	—	—	—
Margins & Efficiency
Gross Margin %	+15.5%	+19.4%	+20.4%	+17.1%	+17.0%
EBITDA Margin %	-3.0%	+2.8%	+7.5%	+3.6%	-11.1%
Net Margin %	+62.8%	+52.1%	+164.9%	+7.2%	-242.5%
Revenue & Income
Revenue	736.88M	528.75M	508.01M	419.19M	398.70M
Revenue Growth (YoY)	+39.4%	+4.1%	+21.2%	+5.1%	+315.5%
Operating Revenue	736.88M	528.75M	508.01M	419.19M	398.70M
Interest & Investment Income	2.94M	0.28M	1.72M	—	2.02M
Earnings From Equity Investments	-2.31M	-10.77M	-59.41M	-5.09M	-2.96M
Gain (Loss) on Sale of Assets	288.85M	158.47M	70.42M	2.43M	370.33M
Currency Exchange Gain (Loss)	—	14.40M	9.15M	—	—
Expenses & Provisions
Cost of Revenue	622.85M	426.12M	404.33M	347.48M	330.87M
Selling, General & Admin	168.00M	124.49M	94.42M	73.27M	133.02M
Operating Expenses	159.50M	99.26M	72.56M	63.89M	119.95M
Other Operating Expenses	-33.64M	-46.63M	-30.66M	-16.64M	-13.07M
Interest Expense	-27.48M	-29.33M	-111.22M	-73.78M	-76.17M
Other Non Operating Income (Expenses)	6.24M	-2.33M	-2.86M	-1.05M	-149.28M
Legal Settlements	3.00M	—	—	—	—
Merger & Restructuring Charges	-2.70M	—	—	—	—
Asset Writedown	0.28B	0.17B	0.51B	0.03B	-1.11B
D&A For EBITDA	23.59M	11.41M	7.16M	7.15M	7.96M
Profitability & Returns
Gross Profit	114.03M	102.63M	103.68M	71.71M	67.83M
Gross Margin	+15.5%	+19.4%	+20.4%	+17.1%	+17.0%
EBIT	-45.47M	3.37M	31.13M	7.81M	-52.12M
EBIT Margin	-6.2%	+0.6%	+6.1%	+1.9%	-13.1%
EBITDA	-21.88M	14.79M	38.29M	14.96M	-44.16M
EBITDA Margin	-3.0%	+2.8%	+7.5%	+3.6%	-11.1%
EBT Excluding Unusual Items	-66.07M	-24.39M	-131.49M	-72.10M	-278.51M
Pretax Income	508.41M	304.15M	837.62M	29.98M	-966.76M
Operating Income	-45.47M	3.37M	31.13M	7.81M	-52.12M
Operating Margin	-6.2%	+0.6%	+6.1%	+1.9%	-13.1%
Profit Margin	+62.8%	+52.1%	+164.9%	+7.2%	-242.5%
Net Income	462.46M	275.64M	837.62M	29.98M	-966.76M
Net Income to Common	462.46M	275.64M	837.62M	29.98M	-966.76M
Net Income Growth	+67.8%	-67.1%	+2,693.9%	—	—
Income Tax Expense	45.95M	28.51M	—	—	—
Effective Tax Rate	+9.0%	+9.4%	—	—	—
Per Share & Capital
EPS (Basic)	0.11	0.06	0.20	0.01	-0.23
EPS (Diluted)	0.11	0.06	0.20	0.01	-0.23
EPS Growth	+67.8%	-67.1%	+2,693.9%	—	—
Dividend Per Share	0.03	—	—	—	—
Shares Outstanding (Basic)	4.29B	4.29B	4.29B	4.29B	4.29B
Shares Outstanding (Diluted)	4.29B	4.29B	4.29B	4.29B	4.29B
Free Cash Flow	205.23M	-151.83M	-87.97M	19.10M	-107.54M
Free Cash Flow Margin	+27.9%	-28.7%	-17.3%	+4.6%	-27.0%
Free Cash Flow Per Share	0.05	-0.04	-0.02	0.00	-0.03
Supplemental
Other Unusual Items	9.84M	3.71M	392.82M	73.66M	50.73M