Apex Investment PSC Income Statement

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

Millions AED. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	865.16	852.85	723.49	820.3	166.74
Revenue Growth (YoY)	1.44%	17.88%	-11.80%	391.96%	8.93%
Cost of Revenue	676.71	661.49	598.93	596.74	172.36
Gross Profit	188.45	191.36	124.55	223.56	-5.62
Selling, General & Admin	81.03	68.99	64.69	53.37	16.04
Amortization of Goodwill & Intangibles	2.57	-	-	-	-
Other Operating Expenses	-1.79	-0.2	-1.4	-3.01	-
Operating Expenses	88.93	80.49	53.23	63.16	17.22
Operating Income	99.51	110.87	71.32	160.39	-22.84
Interest Expense	-1.33	-1.56	-1.91	-1.41	-2.4
Interest & Investment Income	27.96	37.56	9.46	0.78	0.79
Earnings From Equity Investments	2.98	-2.67	-7.87	-6.5	-2.86
Other Non Operating Income (Expenses)	-	-	-	-	0.9
EBT Excluding Unusual Items	129.13	144.2	71	153.27	-26.41
Gain (Loss) on Sale of Investments	-81.3	-57.9	-129.43	33.92	29.39
Pretax Income	47.83	86.3	-58.43	187.19	2.98
Income Tax Expense	9.83	10.65	-	-	-
Net Income	38	75.64	-58.43	187.19	2.98
Net Income to Common	38	75.64	-58.43	187.19	2.98
Net Income Growth	-49.77%	-	-	6179.67%	-
Shares Outstanding (Basic)	3,553	3,553	3,553	3,060	503
Shares Outstanding (Diluted)	3,553	3,553	3,553	3,060	503
Shares Change (YoY)	-	-	16.11%	508.24%	-
EPS (Basic)	0.01	0.02	-0.02	0.06	0.01
EPS (Diluted)	0.01	0.02	-0.02	0.06	0.01
EPS Growth	-49.77%	-	-	932.60%	-
Free Cash Flow	49.37	205.53	467.81	141.49	-36.81
Free Cash Flow Per Share	0.01	0.06	0.13	0.05	-0.07
Gross Margin	21.78%	22.44%	17.22%	27.25%	-3.37%
Operating Margin	11.50%	13.00%	9.86%	19.55%	-13.70%
Profit Margin	4.39%	8.87%	-8.08%	22.82%	1.79%
Free Cash Flow Margin	5.71%	24.10%	64.66%	17.25%	-22.08%
EBITDA	140.31	148.12	103.53	183.53	-7.85
EBITDA Margin	16.22%	17.37%	14.31%	22.37%	-4.71%
D&A For EBITDA	40.8	37.25	32.21	23.14	14.99
EBIT	99.51	110.87	71.32	160.39	-22.84
EBIT Margin	11.50%	13.00%	9.86%	19.55%	-13.70%
Effective Tax Rate	20.55%	12.35%	-	-	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.