MAIR Group - P.J.S.C. Income Statement

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

Millions AED. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	1,907	2,004	1,352	1,070	1,137
Other Revenue	34.45	3.45	1.08	-	-
Revenue	1,941	2,007	1,353	1,070	1,137
Revenue Growth (YoY)	43.47%	48.32%	26.52%	-5.94%	-
Cost of Revenue	1,268	1,375	894.98	780.11	819.16
Gross Profit	672.88	632.17	458.2	289.4	317.86
Selling, General & Admin	442.22	419.79	265.2	148.3	157.04
Other Operating Expenses	-56.01	-52.01	-1.06	42.13	9.47
Operating Expenses	528.14	509.17	351.65	270.66	247.44
Operating Income	144.74	123	106.56	18.74	70.42
Interest Expense	-62.67	-83.95	-64.34	-28.87	-23.33
Interest & Investment Income	24.81	39.52	8.05	195.02	51.11
Earnings From Equity Investments	11.58	9.55	-0.47	-	-
Other Non Operating Income (Expenses)	-1.34	-1.39	-11.46	133.44	14.07
EBT Excluding Unusual Items	117.12	86.73	38.34	318.33	112.27
Gain (Loss) on Sale of Investments	8.16	8.16	2.66	-	-
Gain (Loss) on Sale of Assets	0.35	94.73	-5.8	-	-
Asset Writedown	-23.39	-23.73	-4.13	-107.03	-
Pretax Income	130.42	165.89	31.08	211.3	112.27
Income Tax Expense	10.33	12.68	-	-	-
Earnings From Continuing Operations	120.09	153.21	31.08	211.3	112.27
Earnings From Discontinued Operations	1.96	17.94	-5.22	-	-
Net Income	122.05	171.15	25.86	211.3	112.27
Net Income to Common	122.05	171.15	25.86	211.3	112.27
Net Income Growth	371.93%	561.78%	-87.76%	88.20%	-
Shares Outstanding (Basic)	2,231	2,231	976	763	-
Shares Outstanding (Diluted)	2,231	2,231	976	763	-
Shares Change (YoY)	128.57%	128.57%	27.94%	-	-
EPS (Basic)	0.05	0.08	0.03	0.28	-
EPS (Diluted)	0.05	0.08	0.03	0.28	-
EPS Growth	106.47%	189.53%	-90.43%	-	-
Free Cash Flow	133.75	98.92	129.1	0.37	172.03
Free Cash Flow Per Share	0.06	0.04	0.13	-	-
Dividend Per Share	0.061	0.061	0.061	0.075	0.150
Dividend Growth	-0.08%	-0.08%	-19.20%	-50.00%	-
Gross Margin	34.66%	31.50%	33.86%	27.06%	27.96%
Operating Margin	7.46%	6.13%	7.87%	1.75%	6.19%
Profit Margin	6.29%	8.53%	1.91%	19.76%	9.87%
Free Cash Flow Margin	6.89%	4.93%	9.54%	0.03%	15.13%
EBITDA	196.32	181.27	133.7	39.74	90.07
EBITDA Margin	10.11%	9.03%	9.88%	3.72%	7.92%
D&A For EBITDA	51.58	58.26	27.14	21	19.65
EBIT	144.74	123	106.56	18.74	70.42
EBIT Margin	7.46%	6.13%	7.87%	1.75%	6.19%
Effective Tax Rate	7.92%	7.64%	-	-	-
Revenue as Reported	1,941	2,007	1,353	-	-
Advertising Expenses	-	16.53	5.9	2.09	2.21

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