Emirates Driving Company P.J.S.C. (ADX:DRIVE)

ADX:DRIVE 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	738.1	512.93	355.64	339.42	260.09	240.96
Revenue Growth (YoY)	72.04%	44.23%	4.78%	30.50%	7.94%	15.11%
Cost of Revenue	269.01	161.07	78.3	68.31	52.21	48.49
Gross Profit	469.08	351.86	277.35	271.11	207.88	192.47
Selling, General & Admin	131.23	80.46	63.66	54.65	53.13	47.79
Amortization of Goodwill & Intangibles	3.42	3.42	0.8	0.94	2.02	1.59
Operating Expenses	152.88	102.11	77.48	67.18	66.71	62.15
Operating Income	316.2	249.74	199.87	203.93	141.17	130.32
Interest Expense	-7.5	-4.41	-2.94	-2.95	-2.99	-3.15
Interest & Investment Income	32.94	34.58	31.61	8.73	1.75	6.65
Other Non Operating Income (Expenses)	16.37	14.58	17.86	16.93	12.87	8.47
EBT Excluding Unusual Items	358.01	294.5	246.4	226.64	152.79	142.29
Gain (Loss) on Sale of Investments	11.8	15.8	5.15	14.97	12.77	5.35
Asset Writedown	-	-	15.6	11.8	2.45	-19.35
Pretax Income	400.49	310.3	267.15	253.41	168	128.29
Income Tax Expense	53.03	27.94	-	-	-	-
Earnings From Continuing Operations	347.46	282.36	267.15	253.41	168	128.29
Earnings From Discontinued Operations	-	-	-	-	-	-0.27
Net Income to Company	347.46	282.36	267.15	253.41	168	128.02
Minority Interest in Earnings	-11.66	-5.15	-	-	-	-1.26
Net Income	335.81	277.21	267.15	253.41	168	126.76
Net Income to Common	335.81	277.21	267.15	253.41	168	126.76
Net Income Growth	20.51%	3.77%	5.42%	50.83%	32.54%	20.39%
Shares Outstanding (Basic)	1,077	1,077	1,077	1,077	1,077	1,077
Shares Outstanding (Diluted)	1,077	1,077	1,077	1,077	1,077	1,077
EPS (Basic)	0.31	0.26	0.25	0.24	0.16	0.12
EPS (Diluted)	0.31	0.26	0.25	0.24	0.16	0.12
EPS Growth	20.51%	3.77%	5.42%	50.83%	32.54%	20.39%
Free Cash Flow	293.72	274.52	197.27	231.03	172.65	153.06
Free Cash Flow Per Share	0.27	0.26	0.18	0.21	0.16	0.14
Dividend Per Share	0.170	0.170	0.170	0.121	0.042	0.083
Dividend Growth	-	-	40.73%	189.69%	-49.94%	-
Gross Margin	63.55%	68.60%	77.98%	79.88%	79.93%	79.88%
Operating Margin	42.84%	48.69%	56.20%	60.08%	54.28%	54.08%
Profit Margin	45.50%	54.05%	75.12%	74.66%	64.59%	52.61%
Free Cash Flow Margin	39.79%	53.52%	55.47%	68.06%	66.38%	63.52%
EBITDA	357.59	280.04	216.68	218.52	155.38	145.88
EBITDA Margin	48.45%	54.60%	60.92%	64.38%	59.74%	60.54%
D&A For EBITDA	41.39	30.29	16.81	14.59	14.21	15.56
EBIT	316.2	249.74	199.87	203.93	141.17	130.32
EBIT Margin	42.84%	48.69%	56.20%	60.08%	54.28%	54.08%
Effective Tax Rate	13.24%	9.00%	-	-	-	-
Advertising Expenses	-	2.59	1.64	1.72	0.56	0.22

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