Emirates Telecommunications Group Company PJSC (ADX: EAND)

EAND 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	56,468	53,752	52,434	53,342	51,708	52,186
Revenue Growth (YoY)	6.25%	2.51%	-1.70%	3.16%	-0.92%	-0.38%
Cost of Revenue	40,144	39,635	38,053	38,493	36,510	25,622
Gross Profit	16,324	14,117	14,381	14,849	15,198	26,564
Selling, General & Admin	1,249	1,066	1,040	1,130	924.02	2,503
Other Operating Expenses	-	-	-	-	-	1,024
Operating Expenses	2,127	1,872	1,798	2,036	1,965	11,908
Operating Income	14,196	12,246	12,583	12,813	13,233	14,656
Interest Expense	-3,935	-3,000	-1,641	-1,195	-1,202	-1,073
Interest & Investment Income	2,828	3,391	1,704	550.77	648.79	852.01
Earnings From Equity Investments	1,871	761.04	417.36	297.46	197.41	-36.25
Currency Exchange Gain (Loss)	-140.82	-140.82	-394.09	-21.48	16.59	43.28
Other Non Operating Income (Expenses)	-479.42	-479.42	-343.83	393.31	-765.51	-2,386
EBT Excluding Unusual Items	14,340	12,778	12,325	12,838	12,128	12,057
Impairment of Goodwill	-	-	-	-34.65	-148.16	-1,163
Gain (Loss) on Sale of Investments	1.81	1.81	-44.39	114.51	-65.02	238.05
Asset Writedown	-58.66	-80.9	-2.76	-113.49	-148.55	-23.25
Pretax Income	14,284	12,698	12,278	12,804	11,766	11,109
Income Tax Expense	3,287	1,554	1,752	1,745	1,451	1,614
Earnings From Continuing Operations	10,996	11,144	10,526	11,059	10,316	9,495
Net Income to Company	10,996	11,144	10,526	11,059	10,316	9,495
Minority Interest in Earnings	76.93	-839.66	-518.34	-1,742	-1,289	-802.06
Net Income	11,073	10,305	10,007	9,317	9,027	8,693
Net Income to Common	11,073	10,305	10,007	9,317	9,027	8,693
Net Income Growth	7.01%	2.97%	7.41%	3.22%	3.84%	0.90%
Shares Outstanding (Basic)	8,697	8,697	8,697	8,697	8,697	8,697
Shares Outstanding (Diluted)	8,697	8,697	8,697	8,697	8,697	8,697
EPS (Basic)	1.27	1.18	1.15	1.07	1.04	1.00
EPS (Diluted)	1.27	1.18	1.15	1.07	1.04	1.00
EPS Growth	7.01%	2.97%	7.41%	3.22%	3.84%	0.90%
Free Cash Flow	11,179	9,166	12,387	11,665	12,895	11,632
Free Cash Flow Per Share	1.29	1.05	1.42	1.34	1.48	1.34
Dividend Per Share	0.815	0.800	0.800	0.800	0.800	0.800
Dividend Growth	1.87%	0%	0%	0%	0%	0%
Gross Margin	28.91%	26.26%	27.43%	27.84%	29.39%	50.90%
Operating Margin	25.14%	22.78%	24.00%	24.02%	25.59%	28.08%
Profit Margin	19.61%	19.17%	19.09%	17.47%	17.46%	16.66%
Free Cash Flow Margin	19.80%	17.05%	23.62%	21.87%	24.94%	22.29%
EBITDA	21,188	19,538	19,668	20,430	20,636	21,696
EBITDA Margin	37.52%	36.35%	37.51%	38.30%	39.91%	41.57%
D&A For EBITDA	6,991	7,292	7,085	7,617	7,404	7,039
EBIT	14,196	12,246	12,583	12,813	13,233	14,656
EBIT Margin	25.14%	22.78%	24.00%	24.02%	25.59%	28.08%
Effective Tax Rate	23.02%	12.24%	14.27%	13.63%	12.33%	14.53%

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