ADX:EMSTEEL Income Statement

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

Millions AED. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	8,953	8,941	8,337	8,899	9,453	3,022
Revenue Growth (YoY)	7.13%	7.25%	-6.32%	-5.85%	212.77%	264.70%
Cost of Revenue	7,501	7,675	7,578	7,802	8,483	2,745
Gross Profit	1,453	1,267	759.63	1,097	969.4	277.12
Selling, General & Admin	617.38	641.4	468.6	452.39	416.43	216.42
Operating Expenses	613.56	641.4	468.6	452.39	416.43	216.42
Operating Income	838.99	625.19	291.04	644.92	552.97	60.7
Interest Expense	-60.82	-76.84	-88.5	-96.72	-84.17	-40.18
Interest & Investment Income	15.39	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)	7.31	4.04	3.78	22.33	28.27	3.69
EBT Excluding Unusual Items	800.88	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	4.71	-	7.07	-	-
Asset Writedown	-	-	207.32	-	-	-585.62
Pretax Income	805.58	572.49	431.65	601.92	510.21	-744.63
Income Tax Expense	70.53	49.87	39.26	-	-	-
Net Income	735.05	522.62	392.39	601.92	510.21	-744.63
Net Income to Common	735.05	522.62	392.39	601.92	510.21	-744.63
Net Income Growth	109.74%	33.19%	-34.81%	17.97%	-	-
Shares Outstanding (Basic)	6,888	6,850	6,850	6,850	6,850	3,035
Shares Outstanding (Diluted)	6,888	6,850	6,850	6,850	6,850	3,035
Shares Change (YoY)	1.34%	-	-	-	125.67%	73.46%
EPS (Basic)	0.11	0.08	0.06	0.09	0.07	-0.25
EPS (Diluted)	0.11	0.08	0.06	0.09	0.07	-0.25
EPS Growth	106.97%	33.19%	-34.81%	17.97%	-	-
Free Cash Flow	1,193	860.22	435.28	1,263	1,314	755.65
Free Cash Flow Per Share	0.17	0.13	0.06	0.18	0.19	0.25
Gross Margin	16.22%	14.17%	9.11%	12.33%	10.26%	9.17%
Operating Margin	9.37%	6.99%	3.49%	7.25%	5.85%	2.01%
Profit Margin	8.21%	5.85%	4.71%	6.76%	5.40%	-24.64%
Free Cash Flow Margin	13.33%	9.62%	5.22%	14.19%	13.90%	25.00%
EBITDA	1,416	1,196	845.59	1,178	1,089	219.5
EBITDA Margin	15.81%	13.38%	10.14%	13.24%	11.52%	7.26%
D&A For EBITDA	576.6	570.81	554.55	533.52	535.95	158.79
EBIT	838.99	625.19	291.04	644.92	552.97	60.7
EBIT Margin	9.37%	6.99%	3.49%	7.25%	5.85%	2.01%
Effective Tax Rate	8.76%	8.71%	9.10%	-	-	-

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