Manazel PJSC 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	FY 2020
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	Dec '20 Dec 31, 2020
Revenue	134.71	135.22	347.97	146.31	109.29	787.3
Revenue Growth (YoY)	-61.17%	-61.14%	137.84%	33.87%	-86.12%	-16.85%
Cost of Revenue	79.06	82.37	316.59	95.71	70.38	627.69
Gross Profit	55.64	52.85	31.38	50.59	38.92	159.61
Selling, General & Admin	56.31	52.19	51.44	50.71	50.96	45.99
Operating Expenses	30.63	70	166.14	123.36	97.77	164.46
Operating Income	25.02	-17.15	-134.76	-72.76	-58.85	-4.86
Interest Expense	-44.31	-48.13	-89.98	-92.33	-69.28	-72.7
Other Non Operating Income (Expenses)	77.69	64.13	17.05	3.08	40.09	11.61
EBT Excluding Unusual Items	58.4	-1.15	-207.69	-162.01	-88.04	-65.95
Gain (Loss) on Sale of Assets	-16.37	-16.37	23.45	-3	-4.5	-
Asset Writedown	23.72	23.72	-14.1	12.18	113	88.46
Pretax Income	65.74	6.2	-198.34	-152.84	20.46	22.51
Income Tax Expense	-1.63	-2.02	-	-	-	-
Earnings From Continuing Operations	67.38	8.22	-198.34	-152.84	20.46	22.51
Net Income	67.38	8.22	-198.34	-152.84	20.46	22.51
Net Income to Common	67.38	8.22	-198.34	-152.84	20.46	22.51
Net Income Growth	-	-	-	-	-9.10%	-90.65%
Shares Outstanding (Basic)	2,600	2,600	2,600	2,600	2,600	2,600
Shares Outstanding (Diluted)	2,600	2,600	2,600	2,600	2,600	2,600
EPS (Basic)	0.03	0.00	-0.08	-0.06	0.01	0.01
EPS (Diluted)	0.03	0.00	-0.08	-0.06	0.01	0.01
EPS Growth	-	-	-	-	-9.10%	-90.65%
Free Cash Flow	268.02	-4.92	139.98	104.39	151.11	109.58
Free Cash Flow Per Share	0.10	-0.00	0.05	0.04	0.06	0.04
Gross Margin	41.31%	39.08%	9.02%	34.58%	35.61%	20.27%
Operating Margin	18.57%	-12.68%	-38.73%	-49.73%	-53.85%	-0.62%
Profit Margin	50.02%	6.08%	-57.00%	-104.46%	18.72%	2.86%
Free Cash Flow Margin	198.97%	-3.64%	40.23%	71.35%	138.26%	13.92%
EBITDA	29.58	-11.99	-127.38	-64.56	-51.15	4.97
EBITDA Margin	21.96%	-8.87%	-36.60%	-44.12%	-46.80%	0.63%
D&A For EBITDA	4.57	5.16	7.39	8.21	7.7	9.82
EBIT	25.02	-17.15	-134.76	-72.76	-58.85	-4.86
EBIT Margin	18.57%	-12.68%	-38.73%	-49.73%	-53.85%	-0.62%
Advertising Expenses	-	0.68	1.48	0.38	0.17	0.05

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