International Holding Company PJSC (ADX: IHC)

IHC 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	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	73,164	60,089	50,946	28,562	7,047	1,259
Revenue Growth (YoY)	26.82%	17.95%	78.37%	305.34%	459.66%	120.80%
Cost of Revenue	56,228	47,135	38,421	18,332	4,565	920.43
Gross Profit	16,936	12,955	12,525	10,231	2,482	338.65
Selling, General & Admin	6,884	6,468	7,959	2,373	523.32	161.27
Operating Expenses	6,884	6,468	7,959	2,373	523.32	161.27
Operating Income	10,052	6,486	4,566	7,858	1,958	177.38
Interest Expense	-3,080	-2,246	-1,153	-163.3	-42.78	-13.88
Interest & Investment Income	2,765	1,928	840.49	203.76	201.51	38.81
Earnings From Equity Investments	13,726	13,233	238.74	672.19	948.25	4.78
Currency Exchange Gain (Loss)	-57.4	-57.4	-819.29	17.9	-	-
Other Non Operating Income (Expenses)	1,761	2,801	2,206	680.41	-17.82	0.59
EBT Excluding Unusual Items	25,167	22,146	5,879	9,269	3,048	207.67
Merger & Restructuring Charges	-39.03	-39.03	-17.24	-	-0.87	-
Gain (Loss) on Sale of Investments	2,985	2,497	25,058	2,306	8.69	5.5
Gain (Loss) on Sale of Assets	2,996	9,147	445.87	52.33	3.3	0.04
Asset Writedown	-35.51	-35.51	-889.5	-49.62	-50.32	-
Other Unusual Items	5,092	94.32	2,184	12.66	6.63	293
Pretax Income	36,165	33,810	32,660	11,590	3,015	506.2
Income Tax Expense	1,291	855.93	88.87	12.62	0.38	0.58
Earnings From Continuing Operations	34,874	32,954	32,571	11,577	3,015	505.63
Minority Interest in Earnings	-7,452	-5,431	-19,919	-4,239	-145.68	-0.07
Net Income	27,422	27,523	12,653	7,339	2,869	505.56
Net Income to Common	27,422	27,523	12,653	7,339	2,869	505.56
Net Income Growth	77.83%	117.53%	72.41%	155.80%	467.48%	2640.01%
Shares Outstanding (Basic)	2,194	2,194	1,859	1,821	1,821	1,166
Shares Outstanding (Diluted)	2,194	2,194	1,859	1,821	1,821	1,166
Shares Change (YoY)	7.25%	17.99%	2.07%	-	56.25%	128.57%
EPS (Basic)	12.50	12.55	6.81	4.03	1.58	0.43
EPS (Diluted)	12.50	12.55	6.81	4.03	1.58	0.43
EPS Growth	65.81%	84.37%	68.91%	155.80%	263.19%	1098.77%
Free Cash Flow	1,594	3,068	10,918	11,754	2,134	243.23
Free Cash Flow Per Share	0.73	1.40	5.87	6.45	1.17	0.21
Gross Margin	23.15%	21.56%	24.58%	35.82%	35.22%	26.90%
Operating Margin	13.74%	10.79%	8.96%	27.51%	27.79%	14.09%
Profit Margin	37.48%	45.80%	24.84%	25.69%	40.71%	40.15%
Free Cash Flow Margin	2.18%	5.11%	21.43%	41.15%	30.28%	19.32%
EBITDA	13,117	9,313	6,973	8,678	2,164	210.74
EBITDA Margin	17.93%	15.50%	13.69%	30.38%	30.71%	16.74%
D&A For EBITDA	3,065	2,827	2,407	820.4	205.68	33.36
EBIT	10,052	6,486	4,566	7,858	1,958	177.38
EBIT Margin	13.74%	10.79%	8.96%	27.51%	27.79%	14.09%
Effective Tax Rate	3.57%	2.53%	0.27%	0.11%	0.01%	0.11%

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