ADX:ARAM Income Statement

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

Millions AED. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Rental Revenue	10.93	10.19	11.24	8.77	9.71	10.52
Gain (Loss) on Sale of Investments (Rev)	-0.5	-	-	-	-	-
Other Revenue	0.41	0.41	-	-	-	-
Total Revenue	10.84	10.61	11.24	8.77	9.71	10.52
Revenue Growth (YoY	-11.92%	-5.62%	28.15%	-9.72%	-7.70%	5.62%
Property Expenses	0.65	0.65	1.28	1.13	1.01	1.58
Selling, General & Administrative	6.4	7.05	7.37	7.88	2.1	1.38
Depreciation & Amortization	-	-	-	-	0.19	0.19
Other Operating Expenses	-	-	-0.28	-0.17	3.1	2.9
Total Operating Expenses	7.05	7.7	8.36	8.85	6.68	6.4
Operating Income	3.79	2.9	2.88	-0.08	3.04	4.13
Interest Expense	-1.64	-2.11	-2.37	-1.71	-1.14	-0.03
Interest & Investment Income	0.19	0.19	0.19	0.59	-	-
Other Non-Operating Income	-0.11	-	-	-	0.07	0.13
EBT Excluding Unusual Items	2.23	0.98	0.7	-1.19	1.96	4.23
Gain (Loss) on Sale of Investments	0.54	0.54	0.27	-0.06	0.07	-0.06
Gain (Loss) on Sale of Assets	-	-	-3.69	-	-	-
Total Insurance Settlements	-	-	-	-	-	0.03
Asset Writedown	16.6	16.6	7.12	7.46	-30.48	-15.33
Pretax Income	19.37	18.12	4.39	6.21	-28.45	-11.13
Income Tax Expense	1.46	1.43	-	-	-	-
Earnings From Continuing Operations	17.91	16.7	4.39	6.21	-28.45	-11.13
Earnings From Discontinued Operations	-	-	-	3.29	-	-
Net Income	17.91	16.7	4.39	9.5	-28.45	-11.13
Net Income to Common	17.91	16.7	4.39	9.5	-28.45	-11.13
Net Income Growth	182.51%	280.02%	-53.74%	-	-	-
Basic Shares Outstanding	79	79	79	79	79	79
Diluted Shares Outstanding	79	79	79	79	79	79
EPS (Basic)	0.23	0.21	0.06	0.12	-0.36	-0.14
EPS (Diluted)	0.23	0.21	0.06	0.12	-0.36	-0.14
EPS Growth	182.51%	280.03%	-53.74%	-	-	-
Operating Margin	34.97%	27.38%	25.60%	-0.89%	31.26%	39.23%
Profit Margin	165.26%	157.44%	39.10%	108.31%	-292.92%	-105.74%
EBITDA	3.84	2.95	2.93	-0.01	3.1	4.2
EBITDA Margin	35.39%	27.81%	26.06%	-0.07%	31.92%	39.87%
D&A For Ebitda	0.05	0.05	0.05	0.07	0.06	0.07
EBIT	3.79	2.9	2.88	-0.08	3.04	4.13
EBIT Margin	34.97%	27.38%	25.60%	-0.89%	31.26%	39.23%
Effective Tax Rate	7.53%	7.87%	-	-	-	-

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