Abu Dhabi Aviation Co. Income Statement

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

Millions AED. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 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.