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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	1,273	1,496	1,258	660.2	254.33	254.78
Revenue Growth (YoY)	-18.65%	18.98%	90.48%	159.58%	-0.18%	-20.31%
Cost of Revenue	1,152	1,330	1,133	580.83	225.22	234.7
Gross Profit	121.35	165.77	124.06	79.38	29.11	20.09
Selling, General & Admin	94.24	85.7	70.01	52.28	43.54	51.21
Operating Expenses	88.22	76.03	94.35	59.48	50.95	61.77
Operating Income	33.13	89.74	29.71	19.89	-21.83	-41.69
Interest Expense	-7.85	-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)	-1.09	-7.81	1.14	1.61	20.73	24.79
EBT Excluding Unusual Items	29.95	85.46	40.38	20.46	-6.56	-21.69
Gain (Loss) on Sale of Assets	-	-	-	-	17.59	-
Pretax Income	29.95	85.46	40.38	20.46	11.03	-21.69
Income Tax Expense	2.8	8.14	-	-	-	-
Earnings From Continuing Operations	27.15	77.32	40.38	20.46	11.03	-21.69
Net Income	27.15	77.32	40.38	20.46	11.03	-21.69
Net Income to Common	27.15	77.32	40.38	20.46	11.03	-21.69
Net Income Growth	-52.77%	91.49%	97.39%	85.43%	-	-
Shares Outstanding (Basic)	198	212	212	212	212	212
Shares Outstanding (Diluted)	198	212	212	212	212	212
EPS (Basic)	0.14	0.36	0.19	0.10	0.05	-0.10
EPS (Diluted)	0.14	0.36	0.19	0.10	0.05	-0.10
EPS Growth	-49.54%	91.49%	97.39%	85.43%	-	-
Free Cash Flow	-125.31	-194.74	485.79	-505.56	1,013	126.98
Free Cash Flow Per Share	-0.63	-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	9.53%	11.08%	9.87%	12.02%	11.45%	7.88%
Operating Margin	2.60%	6.00%	2.36%	3.01%	-8.58%	-16.36%
Profit Margin	2.13%	5.17%	3.21%	3.10%	4.34%	-8.51%
Free Cash Flow Margin	-9.84%	-13.01%	38.63%	-76.58%	398.42%	49.84%
EBITDA	57.12	109.79	44.97	34.58	-4.05	-20.28
EBITDA Margin	4.49%	7.34%	3.58%	5.24%	-1.59%	-7.96%
D&A For EBITDA	23.99	20.05	15.26	14.69	17.79	21.41
EBIT	33.13	89.74	29.71	19.89	-21.83	-41.69
EBIT Margin	2.60%	6.00%	2.36%	3.01%	-8.58%	-16.36%
Effective Tax Rate	9.35%	9.52%	-	-	-	-

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