Aldar Properties PJSC (ADX: ALDAR)

Aldar Properties PJSC Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	20,898	14,161	11,200	8,576	8,392	7,148
Revenue Growth (YoY)	62.03%	26.44%	30.60%	2.19%	17.41%	13.70%
Cost of Revenue	13,776	8,721	6,812	5,067	5,508	4,395
Gross Profit	7,122	5,440	4,388	3,509	2,884	2,753
Selling, General & Admin	1,225	1,116	1,312	845.47	518.6	473.35
Other Operating Expenses	-50.02	92.25	247.83	127.14	121.45	165.36
Operating Expenses	1,723	1,655	1,903	1,223	907.76	907.26
Operating Income	5,399	3,784	2,485	2,286	1,977	1,846
Interest Expense	-870.11	-607.44	-384.36	-257.16	-299.23	-353.08
Interest & Investment Income	651.3	472.01	198.54	31.05	50.13	72.96
Earnings From Equity Investments	-2.2	-7.42	-7.77	-8.21	-9.88	-3.1
Currency Exchange Gain (Loss)	24.23	16.83	41.95	-	-	-
Other Non Operating Income (Expenses)	-2.41	106.92	47.65	40.71	51.79	167.18
EBT Excluding Unusual Items	5,200	3,765	2,381	2,093	1,769	1,730
Merger & Restructuring Charges	-33.45	-33.45	-	-20.6	-0.82	-
Gain (Loss) on Sale of Investments	29.5	-2.46	12.06	-1.27	-70.99	-
Gain (Loss) on Sale of Assets	79.97	24.1	28.83	12.6	492.42	435.2
Asset Writedown	763.71	600.16	743.12	117.32	-401.25	-284.62
Other Unusual Items	189.75	157.72	17.99	132.61	143.39	44.75
Pretax Income	6,229	4,528	3,183	2,333	1,932	1,925
Income Tax Expense	242.44	111.97	39.23	-	-	-
Earnings From Continuing Operations	5,987	4,416	3,144	2,333	1,932	1,925
Net Income to Company	5,987	4,416	3,144	2,333	1,932	1,925
Minority Interest in Earnings	-826.29	-494.14	-199.27	-17.85	0.01	58.92
Net Income	5,160	3,922	2,944	2,316	1,932	1,984
Preferred Dividends & Other Adjustments	103.29	103.29	51.65	-	-	-
Net Income to Common	5,057	3,819	2,893	2,316	1,932	1,984
Net Income Growth	42.01%	33.21%	27.16%	19.84%	-2.61%	6.91%
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)	0.64	0.49	0.37	0.29	0.25	0.25
EPS (Diluted)	0.64	0.49	0.37	0.29	0.25	0.25
EPS Growth	42.20%	32.02%	24.93%	19.84%	-2.61%	6.91%
Free Cash Flow	2,180	2,943	4,191	5,703	1,304	1,176
Free Cash Flow Per Share	0.28	0.37	0.53	0.73	0.17	0.15
Dividend Per Share	0.170	0.170	0.160	0.150	0.145	0.145
Dividend Growth	6.25%	6.25%	6.67%	3.45%	0%	3.57%
Gross Margin	34.08%	38.41%	39.18%	40.92%	34.37%	38.52%
Operating Margin	25.83%	26.72%	22.19%	26.66%	23.55%	25.82%
Profit Margin	24.20%	26.97%	25.83%	27.00%	23.02%	27.76%
Free Cash Flow Margin	10.43%	20.78%	37.42%	66.50%	15.54%	16.45%
EBITDA	5,910	4,195	2,822	2,526	2,241	2,117
EBITDA Margin	28.28%	29.62%	25.19%	29.46%	26.70%	29.62%
D&A For EBITDA	511.14	410.56	336.85	239.69	264.17	271.31
EBIT	5,399	3,784	2,485	2,286	1,977	1,846
EBIT Margin	25.83%	26.72%	22.19%	26.66%	23.55%	25.82%
Effective Tax Rate	3.89%	2.47%	1.23%	-	-	-
Advertising Expenses	-	39.45	66.04	47.85	30.84	37.27

Source: S&P Capital IQ. Standard template. Financial Sources.