ADX:EMSTEEL Income Statement

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

Millions AED. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	8,941	8,337	8,899	9,453	3,022
Revenue Growth (YoY)	7.25%	-6.32%	-5.85%	212.77%	264.70%
Cost of Revenue	7,675	7,578	7,802	8,483	2,745
Gross Profit	1,267	759.63	1,097	969.4	277.12
Selling, General & Admin	641.4	468.6	452.39	416.43	216.42
Operating Expenses	641.4	468.6	452.39	416.43	216.42
Operating Income	625.19	291.04	644.92	552.97	60.7
Interest Expense	-76.84	-88.5	-96.72	-84.17	-40.18
Interest & Investment Income	15.39	14	7.81	5.33	0.02
Earnings From Equity Investments	-	-	16.48	7.81	-22.72
Currency Exchange Gain (Loss)	-	-0.97	0.03	-	3.86
Other Non Operating Income (Expenses)	4.04	3.78	22.33	28.27	3.69
EBT Excluding Unusual Items	567.78	219.35	594.85	510.21	5.37
Impairment of Goodwill	-	-	-	-	-114.38
Gain (Loss) on Sale of Investments	-	4.98	-	-	-50
Gain (Loss) on Sale of Assets	4.71	-	7.07	-	-
Asset Writedown	-	207.32	-	-	-585.62
Pretax Income	572.49	431.65	601.92	510.21	-744.63
Income Tax Expense	49.87	39.26	-	-	-
Net Income	522.62	392.39	601.92	510.21	-744.63
Net Income to Common	522.62	392.39	601.92	510.21	-744.63
Net Income Growth	33.19%	-34.81%	17.97%	-	-
Shares Outstanding (Basic)	6,850	6,850	6,850	6,850	3,035
Shares Outstanding (Diluted)	6,850	6,850	6,850	6,850	3,035
Shares Change (YoY)	-	-	-	125.67%	73.46%
EPS (Basic)	0.08	0.06	0.09	0.07	-0.25
EPS (Diluted)	0.08	0.06	0.09	0.07	-0.25
EPS Growth	33.19%	-34.81%	17.97%	-	-
Free Cash Flow	860.22	435.28	1,263	1,314	755.65
Free Cash Flow Per Share	0.13	0.06	0.18	0.19	0.25
Gross Margin	14.17%	9.11%	12.33%	10.26%	9.17%
Operating Margin	6.99%	3.49%	7.25%	5.85%	2.01%
Profit Margin	5.85%	4.71%	6.76%	5.40%	-24.64%
Free Cash Flow Margin	9.62%	5.22%	14.19%	13.90%	25.00%
EBITDA	1,196	845.59	1,178	1,089	219.5
EBITDA Margin	13.38%	10.14%	13.24%	11.52%	7.26%
D&A For EBITDA	570.81	554.55	533.52	535.95	158.79
EBIT	625.19	291.04	644.92	552.97	60.7
EBIT Margin	6.99%	3.49%	7.25%	5.85%	2.01%
Effective Tax Rate	8.71%	9.10%	-	-	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.