Abu Dhabi Ship Building PJSC (ADX:ADSB)

ADX:ADSB Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	1,310	1,496	1,258	660.2	254.33	254.78
Revenue Growth (YoY)	-6.19%	18.98%	90.48%	159.58%	-0.18%	-20.31%
Cost of Revenue	1,172	1,330	1,133	580.83	225.22	234.7
Gross Profit	137.38	165.77	124.06	79.38	29.11	20.09
Selling, General & Admin	91.81	85.7	70.01	52.28	43.54	51.21
Operating Expenses	79.72	76.03	94.35	59.48	50.95	61.77
Operating Income	57.66	89.74	29.71	19.89	-21.83	-41.69
Interest Expense	-6.08	-2.23	-3.06	-1.61	-5.46	-4.79
Interest & Investment Income	5.76	5.76	12.58	0.56	-	-
Other Non Operating Income (Expenses)	2.09	-7.81	1.14	1.61	20.73	24.79
EBT Excluding Unusual Items	59.43	85.46	40.38	20.46	-6.56	-21.69
Gain (Loss) on Sale of Assets	-	-	-	-	17.59	-
Pretax Income	59.43	85.46	40.38	20.46	11.03	-21.69
Income Tax Expense	5.81	8.14	-	-	-	-
Earnings From Continuing Operations	53.62	77.32	40.38	20.46	11.03	-21.69
Net Income	53.62	77.32	40.38	20.46	11.03	-21.69
Net Income to Common	53.62	77.32	40.38	20.46	11.03	-21.69
Net Income Growth	23.96%	91.49%	97.39%	85.43%	-	-
Shares Outstanding (Basic)	212	212	212	212	212	212
Shares Outstanding (Diluted)	212	212	212	212	212	212
EPS (Basic)	0.25	0.36	0.19	0.10	0.05	-0.10
EPS (Diluted)	0.25	0.36	0.19	0.10	0.05	-0.10
EPS Growth	23.96%	91.49%	97.39%	85.43%	-	-
Free Cash Flow	-302.53	-194.74	485.79	-505.56	1,013	126.98
Free Cash Flow Per Share	-1.43	-0.92	2.29	-2.38	4.78	0.60
Dividend Per Share	0.182	0.182	0.100	0.060	0.020	-
Dividend Growth	82.37%	82.37%	66.67%	200.00%	-	-
Gross Margin	10.49%	11.08%	9.87%	12.02%	11.45%	7.88%
Operating Margin	4.40%	6.00%	2.36%	3.01%	-8.58%	-16.36%
Profit Margin	4.09%	5.17%	3.21%	3.10%	4.34%	-8.51%
Free Cash Flow Margin	-23.10%	-13.01%	38.63%	-76.58%	398.42%	49.84%
EBITDA	80.19	109.79	44.97	34.58	-4.05	-20.28
EBITDA Margin	6.12%	7.34%	3.58%	5.24%	-1.59%	-7.96%
D&A For EBITDA	22.53	20.05	15.26	14.69	17.79	21.41
EBIT	57.66	89.74	29.71	19.89	-21.83	-41.69
EBIT Margin	4.40%	6.00%	2.36%	3.01%	-8.58%	-16.36%
Effective Tax Rate	9.77%	9.52%	-	-	-	-

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