Abu Dhabi Aviation Co. (ADX:ADAVIATION)

Abu Dhabi Aviation Co. Income Statement

Financials in millions AED. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023
Revenue	7,819	7,116	6,722
Revenue Growth (YoY)	9.88%	5.86%	-
Cost of Revenue	6,401	6,193	6,341
Gross Profit	1,417	922.39	380.31
Selling, General & Admin	690.19	529.82	401.11
Operating Expenses	699.27	428.58	640.83
Operating Income	718.11	493.82	-260.53
Interest Expense	-67.8	-55.11	-33.11
Interest & Investment Income	164.65	97.37	76.7
Earnings From Equity Investments	107.79	68.9	-
Currency Exchange Gain (Loss)	-2.24	1.16	-
Other Non Operating Income (Expenses)	59.96	81.24	44.82
EBT Excluding Unusual Items	980.47	687.38	-172.11
Gain (Loss) on Sale of Investments	36.19	43.49	-
Gain (Loss) on Sale of Assets	9.8	3.85	-
Asset Writedown	137.79	-0.37	-0.08
Other Unusual Items	-	619.06	-0.09
Pretax Income	1,164	1,353	-172.28
Income Tax Expense	97.82	61.46	-
Earnings From Continuing Operations	1,066	1,292	-172.28
Minority Interest in Earnings	-205.06	-161.72	-
Net Income	861.37	1,130	-172.28
Net Income to Common	861.37	1,130	-172.28
Net Income Growth	-23.79%	-	-
Shares Outstanding (Basic)	1,097	950	652
Shares Outstanding (Diluted)	1,097	950	652
Shares Change (YoY)	15.48%	45.67%	-
EPS (Basic)	0.79	1.19	-0.26
EPS (Diluted)	0.79	1.19	-0.26
EPS Growth	-34.01%	-	-
Free Cash Flow	823.77	1,813	-461
Free Cash Flow Per Share	0.75	1.91	-0.71
Dividend Per Share	0.300	0.300	-
Gross Margin	18.13%	12.96%	5.66%
Operating Margin	9.18%	6.94%	-3.88%
Profit Margin	11.02%	15.88%	-2.56%
Free Cash Flow Margin	10.54%	25.48%	-6.86%
EBITDA	810.3	561.13	-222.42
EBITDA Margin	10.36%	7.89%	-3.31%
D&A For EBITDA	92.19	67.32	38.11
EBIT	718.11	493.82	-260.53
EBIT Margin	9.18%	6.94%	-3.88%
Effective Tax Rate	8.40%	4.54%	-

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.