Abu Dhabi Aviation Co. (ADX:ADAVIATION)

Abu Dhabi Aviation Co. Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023
Revenue	7,521	7,116	6,722
Revenue Growth (YoY)	14.31%	5.86%	-
Cost of Revenue	6,178	6,193	6,341
Gross Profit	1,342	922.39	380.31
Selling, General & Admin	616.01	529.82	401.11
Operating Expenses	600.65	428.58	640.83
Operating Income	741.8	493.82	-260.53
Interest Expense	-58.28	-55.11	-33.11
Interest & Investment Income	137.97	97.37	76.7
Earnings From Equity Investments	86.94	68.9	-
Currency Exchange Gain (Loss)	1.16	1.16	-
Other Non Operating Income (Expenses)	76.37	77.52	44.82
EBT Excluding Unusual Items	985.95	683.66	-172.11
Gain (Loss) on Sale of Investments	43.49	43.49	-
Gain (Loss) on Sale of Assets	3.85	3.85	-
Asset Writedown	3.35	3.35	-0.08
Other Unusual Items	22.22	619.06	-0.09
Pretax Income	1,059	1,353	-172.28
Income Tax Expense	94.67	61.46	-
Earnings From Continuing Operations	964.2	1,292	-172.28
Minority Interest in Earnings	-229.46	-161.72	-
Net Income	734.73	1,130	-172.28
Net Income to Common	734.73	1,130	-172.28
Shares Outstanding (Basic)	1,098	950	652
Shares Outstanding (Diluted)	1,098	950	652
Shares Change (YoY)	51.07%	45.67%	-
EPS (Basic)	0.67	1.19	-0.26
EPS (Diluted)	0.67	1.19	-0.26
Free Cash Flow	2,684	1,813	-461
Free Cash Flow Per Share	2.44	1.91	-0.71
Dividend Per Share	0.300	0.300	-
Gross Margin	17.85%	12.96%	5.66%
Operating Margin	9.86%	6.94%	-3.88%
Profit Margin	9.77%	15.88%	-2.56%
Free Cash Flow Margin	35.69%	25.48%	-6.86%
EBITDA	833.82	561.13	-222.42
EBITDA Margin	11.09%	7.89%	-3.31%
D&A For EBITDA	92.02	67.32	38.11
EBIT	741.8	493.82	-260.53
EBIT Margin	9.86%	6.94%	-3.88%
Effective Tax Rate	8.94%	4.54%	-

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.