Emirates Telecommunications Group Company PJSC (ADX:EAND)

ADX:EAND Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	59,203	53,752	52,434	53,342	51,708
Revenue Growth (YoY)	10.14%	2.51%	-1.70%	3.16%	-0.92%
Cost of Revenue	38,159	36,598	38,053	38,493	36,510
Gross Profit	21,044	17,154	14,381	14,849	15,198
Selling, General & Admin	1,321	1,066	1,040	1,130	924.02
Operating Expenses	2,111	1,872	1,798	2,036	1,965
Operating Income	18,933	15,283	12,583	12,813	13,233
Interest Expense	-3,939	-3,146	-1,992	-1,195	-1,202
Interest & Investment Income	2,211	3,391	1,704	550.77	648.79
Earnings From Equity Investments	2,475	761.04	417.36	297.46	197.41
Currency Exchange Gain (Loss)	11.75	5.65	-43.19	-21.48	16.59
Other Non Operating Income (Expenses)	-761.33	-479.42	-343.83	393.31	-765.51
EBT Excluding Unusual Items	18,932	15,815	12,325	12,838	12,128
Impairment of Goodwill	-1,275	-	-	-34.65	-148.16
Gain (Loss) on Sale of Investments	-54.43	1.81	-44.39	114.51	-65.02
Asset Writedown	-20.29	-80.9	-2.76	-113.49	-148.55
Pretax Income	17,582	15,735	12,278	12,804	11,766
Income Tax Expense	6,999	4,591	1,752	1,745	1,451
Earnings From Continuing Operations	10,583	11,144	10,526	11,059	10,316
Net Income to Company	10,583	11,144	10,526	11,059	10,316
Minority Interest in Earnings	169.14	-839.66	-518.34	-1,742	-1,289
Net Income	10,752	10,305	10,007	9,317	9,027
Net Income to Common	10,752	10,305	10,007	9,317	9,027
Net Income Growth	4.35%	2.97%	7.41%	3.22%	3.84%
Shares Outstanding (Basic)	8,697	8,697	8,697	8,697	8,697
Shares Outstanding (Diluted)	8,697	8,697	8,697	8,697	8,697
EPS (Basic)	1.24	1.18	1.15	1.07	1.04
EPS (Diluted)	1.24	1.18	1.15	1.07	1.04
EPS Growth	4.35%	2.97%	7.41%	3.22%	3.84%
Free Cash Flow	15,025	9,166	12,387	11,665	12,895
Free Cash Flow Per Share	1.73	1.05	1.42	1.34	1.48
Dividend Per Share	0.830	0.800	0.800	0.800	0.800
Dividend Growth	3.75%	-	-	-	-
Gross Margin	35.55%	31.91%	27.43%	27.84%	29.39%
Operating Margin	31.98%	28.43%	24.00%	24.02%	25.59%
Profit Margin	18.16%	19.17%	19.09%	17.47%	17.46%
Free Cash Flow Margin	25.38%	17.05%	23.62%	21.87%	24.94%
EBITDA	25,671	22,575	19,668	20,430	20,636
EBITDA Margin	43.36%	42.00%	37.51%	38.30%	39.91%
D&A For EBITDA	6,738	7,292	7,085	7,617	7,404
EBIT	18,933	15,283	12,583	12,813	13,233
EBIT Margin	31.98%	28.43%	24.00%	24.02%	25.59%
Effective Tax Rate	39.81%	29.18%	14.27%	13.63%	12.33%

Updated Feb 25, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.