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 2024	FY 2023
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Revenue	7,116	6,722
Revenue Growth (YoY)	5.86%	-
Cost of Revenue	6,193	6,341
Gross Profit	922.39	380.31
Selling, General & Admin	529.82	401.11
Operating Expenses	428.58	640.83
Operating Income	493.82	-260.53
Interest Expense	-55.11	-33.11
Interest & Investment Income	97.37	76.7
Earnings From Equity Investments	68.9	-
Currency Exchange Gain (Loss)	1.16	-
Other Non Operating Income (Expenses)	77.52	44.82
EBT Excluding Unusual Items	683.66	-172.11
Gain (Loss) on Sale of Investments	43.49	-
Gain (Loss) on Sale of Assets	3.85	-
Asset Writedown	3.35	-0.08
Other Unusual Items	619.06	-0.09
Pretax Income	1,353	-172.28
Income Tax Expense	61.46	-
Earnings From Continuing Operations	1,292	-172.28
Minority Interest in Earnings	-161.72	-
Net Income	1,130	-172.28
Net Income to Common	1,130	-172.28
Shares Outstanding (Basic)	950	652
Shares Outstanding (Diluted)	950	652
Shares Change (YoY)	45.67%	-
EPS (Basic)	1.19	-0.26
EPS (Diluted)	1.19	-0.26
Free Cash Flow	1,813	-461
Free Cash Flow Per Share	1.91	-0.71
Dividend Per Share	0.300	-
Gross Margin	12.96%	5.66%
Operating Margin	6.94%	-3.88%
Profit Margin	15.88%	-2.56%
Free Cash Flow Margin	25.48%	-6.86%
EBITDA	561.13	-222.42
EBITDA Margin	7.89%	-3.31%
D&A For EBITDA	67.32	38.11
EBIT	493.82	-260.53
EBIT Margin	6.94%	-3.88%
Effective Tax Rate	4.54%	-

Updated Feb 21, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.