Aldar Properties PJSC (ADX:ALDAR)

Aldar Properties PJSC 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	30,051	22,998	14,161	11,200	8,576	8,392
Revenue Growth (YoY)	43.80%	62.41%	26.44%	30.60%	2.19%	17.41%
Cost of Revenue	19,577	14,942	8,721	6,812	5,067	5,508
Gross Profit	10,474	8,056	5,440	4,388	3,509	2,884
Selling, General & Admin	1,484	1,349	1,149	1,312	845.47	518.6
Other Operating Expenses	248.74	210.42	92.25	247.83	127.14	121.45
Operating Expenses	2,360	2,139	1,689	1,903	1,223	907.76
Operating Income	8,114	5,918	3,751	2,485	2,286	1,977
Interest Expense	-1,221	-917.44	-607.44	-384.36	-257.16	-299.23
Interest & Investment Income	768.5	697.95	472.01	198.54	31.05	50.13
Earnings From Equity Investments	-1.73	-1.9	-7.42	-7.77	-8.21	-9.88
Currency Exchange Gain (Loss)	6.53	26.69	16.83	41.95	-	-
Other Non Operating Income (Expenses)	54.77	126.1	264.64	47.65	40.71	51.79
EBT Excluding Unusual Items	7,721	5,849	3,889	2,381	2,093	1,769
Merger & Restructuring Charges	-	-	-	-	-20.6	-0.82
Gain (Loss) on Sale of Investments	103.65	48.97	-2.46	12.06	-1.27	-70.99
Gain (Loss) on Sale of Assets	48.66	83.05	24.1	28.83	12.6	492.42
Asset Writedown	1,019	841.48	600.16	743.12	117.32	-401.25
Other Unusual Items	11.12	36.55	-	17.99	132.61	143.39
Pretax Income	8,903	6,859	4,528	3,183	2,333	1,932
Income Tax Expense	1,008	355.18	111.97	39.23	-	-
Earnings From Continuing Operations	7,895	6,504	4,416	3,144	2,333	1,932
Net Income to Company	7,895	6,504	4,416	3,144	2,333	1,932
Minority Interest in Earnings	-1,113	-907.69	-494.14	-199.27	-17.85	0.01
Net Income	6,782	5,596	3,922	2,944	2,316	1,932
Preferred Dividends & Other Adjustments	103.29	103.29	103.29	51.65	-	-
Net Income to Common	6,679	5,493	3,819	2,893	2,316	1,932
Net Income Growth	31.43%	42.68%	33.21%	27.16%	19.84%	-2.61%
Shares Outstanding (Basic)	7,863	7,863	7,863	7,863	7,863	7,863
Shares Outstanding (Diluted)	7,863	7,863	7,863	7,863	7,863	7,863
EPS (Basic)	0.85	0.70	0.49	0.37	0.29	0.25
EPS (Diluted)	0.85	0.70	0.49	0.37	0.29	0.25
EPS Growth	32.07%	43.83%	32.02%	24.93%	19.84%	-2.61%
Free Cash Flow	7,209	4,488	2,943	4,191	5,703	1,304
Free Cash Flow Per Share	0.92	0.57	0.37	0.53	0.72	0.17
Dividend Per Share	0.185	0.185	0.170	0.160	0.150	0.145
Dividend Growth	8.82%	8.82%	6.25%	6.67%	3.45%	-
Gross Margin	34.85%	35.03%	38.41%	39.18%	40.92%	34.37%
Operating Margin	27.00%	25.73%	26.49%	22.19%	26.66%	23.55%
Profit Margin	22.22%	23.88%	26.97%	25.83%	27.00%	23.02%
Free Cash Flow Margin	23.99%	19.51%	20.78%	37.42%	66.50%	15.54%
EBITDA	8,666	6,446	4,161	2,822	2,526	2,241
EBITDA Margin	28.84%	28.03%	29.39%	25.20%	29.46%	26.70%
D&A For EBITDA	552.69	528.25	410.56	336.85	239.69	264.17
EBIT	8,114	5,918	3,751	2,485	2,286	1,977
EBIT Margin	27.00%	25.73%	26.49%	22.19%	26.66%	23.55%
Effective Tax Rate	11.33%	5.18%	2.47%	1.23%	-	-
Advertising Expenses	-	39.95	39.45	66.04	47.85	30.84

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