ADX:IHC 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	119,237	111,401	86,315	60,089	50,946	28,562
Revenue Growth (YoY)	31.55%	29.06%	43.64%	17.95%	78.37%	305.34%
Cost of Revenue	88,054	82,278	66,039	47,135	38,421	18,332
Gross Profit	31,183	29,123	20,276	12,955	12,525	10,231
Selling, General & Admin	13,552	12,144	7,785	6,468	7,959	2,373
Operating Expenses	13,552	12,144	7,785	6,468	7,959	2,373
Operating Income	17,631	16,978	12,491	6,486	4,566	7,858
Interest Expense	-5,070	-4,757	-3,714	-2,246	-1,153	-163.3
Interest & Investment Income	12,661	4,128	4,052	1,928	840.49	203.76
Earnings From Equity Investments	-167.66	32.67	1,673	13,233	238.74	672.19
Currency Exchange Gain (Loss)	88.26	88.26	-774.38	-57.4	-819.29	17.9
Other Non Operating Income (Expenses)	1,523	1,523	1,185	2,801	2,206	680.41
EBT Excluding Unusual Items	26,666	17,994	14,913	22,146	5,879	9,269
Merger & Restructuring Charges	-65	-65	-51.13	-39.03	-17.24	-
Gain (Loss) on Sale of Investments	7,284	10,320	3,352	2,497	25,058	2,306
Gain (Loss) on Sale of Assets	5,890	5,928	2,792	9,147	445.87	52.33
Asset Writedown	-204.5	-204.5	-311.68	-35.51	-889.5	-49.62
Other Unusual Items	328.28	459.92	921.52	94.32	2,184	12.66
Pretax Income	39,898	34,432	21,615	33,810	32,660	11,590
Income Tax Expense	2,278	2,024	888.16	855.93	88.87	12.62
Earnings From Continuing Operations	37,620	32,407	20,727	32,954	32,571	11,577
Earnings From Discontinued Operations	1,159	2,308	4,975	-	-	-
Net Income to Company	38,778	34,715	25,701	32,954	32,571	11,577
Minority Interest in Earnings	-13,468	-13,001	-9,936	-5,431	-19,919	-4,239
Net Income	25,311	21,715	15,766	27,523	12,653	7,339
Net Income to Common	25,311	21,715	15,766	27,523	12,653	7,339
Net Income Growth	102.77%	37.73%	-42.72%	117.53%	72.41%	155.80%
Shares Outstanding (Basic)	2,185	2,187	2,193	2,194	1,859	1,821
Shares Outstanding (Diluted)	2,185	2,187	2,193	2,194	1,859	1,821
Shares Change (YoY)	-0.33%	-0.27%	-0.04%	17.99%	2.07%	-
EPS (Basic)	11.59	9.93	7.19	12.55	6.81	4.03
EPS (Diluted)	11.59	9.93	7.19	12.55	6.81	4.03
EPS Growth	103.45%	38.10%	-42.70%	84.37%	68.91%	155.80%
Free Cash Flow	13,251	13,834	6,083	3,019	10,918	11,754
Free Cash Flow Per Share	6.07	6.33	2.77	1.38	5.87	6.45
Gross Margin	26.15%	26.14%	23.49%	21.56%	24.59%	35.82%
Operating Margin	14.79%	15.24%	14.47%	10.79%	8.96%	27.51%
Profit Margin	21.23%	19.49%	18.27%	45.80%	24.83%	25.69%
Free Cash Flow Margin	11.11%	12.42%	7.05%	5.02%	21.43%	41.15%
EBITDA	22,665	21,942	16,381	9,313	6,973	8,678
EBITDA Margin	19.01%	19.70%	18.98%	15.50%	13.69%	30.38%
D&A For EBITDA	5,034	4,964	3,890	2,827	2,407	820.4
EBIT	17,631	16,978	12,491	6,486	4,566	7,858
EBIT Margin	14.79%	15.24%	14.47%	10.79%	8.96%	27.51%
Effective Tax Rate	5.71%	5.88%	4.11%	2.53%	0.27%	0.11%

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