Gulf Cement Company P.S.C. (ADX:GCEM)

ADX:GCEM 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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	506.82	480.82	462.72	348.11	340.64	345.88
Revenue Growth (YoY)	6.99%	3.91%	32.92%	2.20%	-1.52%	-22.02%
Cost of Revenue	517.01	491.88	484.56	370.57	377.11	402.73
Gross Profit	-10.18	-11.06	-21.84	-22.46	-36.47	-56.85
Selling, General & Admin	42.72	38.58	40.48	34.92	39.84	43.87
Other Operating Expenses	-15.59	-14.12	-12.11	-5.23	-3.93	-7.18
Operating Expenses	26.04	23.36	28.25	30.8	35.69	39.16
Operating Income	-36.23	-34.42	-50.09	-53.26	-72.16	-96.01
Interest Expense	-0.72	-0.06	-	-2.64	-2.23	-2.95
Interest & Investment Income	4.9	4.72	4.1	-	11.21	-
Other Non Operating Income (Expenses)	-11.69	-11.69	-5.61	2.38	3.5	1
EBT Excluding Unusual Items	-43.73	-41.45	-51.59	-53.51	-59.68	-97.96
Gain (Loss) on Sale of Investments	-	-	-	-0.89	-	-3.11
Gain (Loss) on Sale of Assets	-	-	-	-	6.69	-
Asset Writedown	-	-	-	-	-	-172.39
Pretax Income	-43.73	-41.45	-51.59	-54.4	-52.99	-273.46
Net Income	-44.54	-41.45	-51.59	-54.4	-52.99	-273.46
Net Income to Common	-44.54	-41.45	-51.59	-54.4	-52.99	-273.46
Shares Outstanding (Basic)	411	411	411	411	411	411
Shares Outstanding (Diluted)	411	411	411	411	411	411
Shares Change (YoY)	-	-	-	-	-	0.08%
EPS (Basic)	-0.11	-0.10	-0.13	-0.13	-0.13	-0.67
EPS (Diluted)	-0.11	-0.10	-0.13	-0.13	-0.13	-0.67
Free Cash Flow	3.54	17.77	-5.86	-99.63	36.75	-16.75
Free Cash Flow Per Share	0.01	0.04	-0.01	-0.24	0.09	-0.04
Dividend Per Share	-	-	-	-	-	0.050
Gross Margin	-2.01%	-2.30%	-4.72%	-6.45%	-10.71%	-16.44%
Operating Margin	-7.15%	-7.16%	-10.82%	-15.30%	-21.18%	-27.76%
Profit Margin	-8.79%	-8.62%	-11.15%	-15.63%	-15.56%	-79.06%
Free Cash Flow Margin	0.70%	3.70%	-1.27%	-28.62%	10.79%	-4.84%
EBITDA	22.61	23.56	10.17	1.82	-27.21	-35.25
EBITDA Margin	4.46%	4.90%	2.20%	0.52%	-7.99%	-10.19%
D&A For EBITDA	58.84	57.98	60.26	55.08	44.95	60.76
EBIT	-36.23	-34.42	-50.09	-53.26	-72.16	-96.01
EBIT Margin	-7.15%	-7.16%	-10.82%	-15.30%	-21.18%	-27.76%
Advertising Expenses	-	-	-	0.08	0.13	0.51

Updated Feb 20, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.