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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023
Revenue	7,513	7,116	6,722
Revenue Growth (YoY)	13.53%	5.86%	-
Cost of Revenue	6,342	6,193	6,341
Gross Profit	1,171	922.39	380.31
Selling, General & Admin	611.6	529.82	401.11
Operating Expenses	510.36	428.58	640.83
Operating Income	660.49	493.82	-260.53
Interest Expense	-63.9	-55.11	-33.11
Interest & Investment Income	123.83	97.37	76.7
Earnings From Equity Investments	95.11	68.9	-
Currency Exchange Gain (Loss)	1.16	1.16	-
Other Non Operating Income (Expenses)	62.19	77.52	44.82
EBT Excluding Unusual Items	878.88	683.66	-172.11
Gain (Loss) on Sale of Investments	49.62	43.49	-
Gain (Loss) on Sale of Assets	3.85	3.85	-
Asset Writedown	3.35	3.35	-0.08
Other Unusual Items	619.06	619.06	-0.09
Pretax Income	1,555	1,353	-172.28
Income Tax Expense	74.29	61.46	-
Earnings From Continuing Operations	1,480	1,292	-172.28
Minority Interest in Earnings	-204.99	-161.72	-
Net Income	1,275	1,130	-172.28
Net Income to Common	1,275	1,130	-172.28
Shares Outstanding (Basic)	1,061	950	652
Shares Outstanding (Diluted)	1,061	950	652
Shares Change (YoY)	62.72%	45.67%	-
EPS (Basic)	1.20	1.19	-0.26
EPS (Diluted)	1.20	1.19	-0.26
Free Cash Flow	1,778	1,813	-461
Free Cash Flow Per Share	1.68	1.91	-0.71
Dividend Per Share	0.300	0.300	-
Gross Margin	15.58%	12.96%	5.66%
Operating Margin	8.79%	6.94%	-3.88%
Profit Margin	16.98%	15.88%	-2.56%
Free Cash Flow Margin	23.66%	25.48%	-6.86%
EBITDA	737.79	561.13	-222.42
EBITDA Margin	9.82%	7.89%	-3.31%
D&A For EBITDA	77.3	67.32	38.11
EBIT	660.49	493.82	-260.53
EBIT Margin	8.79%	6.94%	-3.88%
Effective Tax Rate	4.78%	4.54%	-

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