Apex Investment PSC Income Statement

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

Millions AED. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	879.45	865.16	852.85	723.49	820.3	166.74
Revenue Growth (YoY)	2.99%	1.44%	17.88%	-11.80%	391.96%	8.93%
Cost of Revenue	689.49	676.71	661.49	598.93	596.74	172.36
Gross Profit	189.96	188.45	191.36	124.55	223.56	-5.62
Selling, General & Admin	90.85	81.03	68.99	64.69	53.37	16.04
Amortization of Goodwill & Intangibles	2.57	2.57	-	-	-	-
Other Operating Expenses	0.85	-1.79	-0.2	-1.4	-3.01	-
Operating Expenses	101.39	88.93	80.49	53.23	63.16	17.22
Operating Income	88.57	99.51	110.87	71.32	160.39	-22.84
Interest Expense	-1.14	-1.33	-1.56	-1.91	-1.41	-2.4
Interest & Investment Income	27.96	27.96	37.56	9.46	0.78	0.79
Earnings From Equity Investments	3.64	2.98	-2.67	-7.87	-6.5	-2.86
Other Non Operating Income (Expenses)	-	-	-	-	-	0.9
EBT Excluding Unusual Items	119.03	129.13	144.2	71	153.27	-26.41
Gain (Loss) on Sale of Investments	-142.48	-81.3	-57.9	-129.43	33.92	29.39
Pretax Income	-23.45	47.83	86.3	-58.43	187.19	2.98
Income Tax Expense	7.58	9.83	10.65	-	-	-
Net Income	-31.03	38	75.64	-58.43	187.19	2.98
Net Income to Common	-31.03	38	75.64	-58.43	187.19	2.98
Net Income Growth	-	-49.77%	-	-	6179.67%	-
Shares Outstanding (Basic)	3,528	3,553	3,553	3,553	3,060	503
Shares Outstanding (Diluted)	3,528	3,553	3,553	3,553	3,060	503
Shares Change (YoY)	-1.42%	-	-	16.11%	508.24%	-
EPS (Basic)	-0.01	0.01	0.02	-0.02	0.06	0.01
EPS (Diluted)	-0.01	0.01	0.02	-0.02	0.06	0.01
EPS Growth	-	-49.77%	-	-	932.60%	-
Free Cash Flow	6.14	49.37	205.53	467.81	141.49	-36.81
Free Cash Flow Per Share	0.00	0.01	0.06	0.13	0.05	-0.07
Gross Margin	21.60%	21.78%	22.44%	17.22%	27.25%	-3.37%
Operating Margin	10.07%	11.50%	13.00%	9.86%	19.55%	-13.70%
Profit Margin	-3.53%	4.39%	8.87%	-8.08%	22.82%	1.79%
Free Cash Flow Margin	0.70%	5.71%	24.10%	64.66%	17.25%	-22.08%
EBITDA	138.92	140.31	148.12	103.53	183.53	-7.85
EBITDA Margin	15.80%	16.22%	17.37%	14.31%	22.37%	-4.71%
D&A For EBITDA	50.36	40.8	37.25	32.21	23.14	14.99
EBIT	88.57	99.51	110.87	71.32	160.39	-22.84
EBIT Margin	10.07%	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.