Manazel PJSC Income Statement

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

Millions AED. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	98.03	135.22	347.97	146.31	109.29
Revenue Growth (YoY)	-27.50%	-61.14%	137.84%	33.87%	-86.12%
Cost of Revenue	64.89	84.45	316.59	95.71	70.38
Gross Profit	33.14	50.77	31.38	50.59	38.92
Selling, General & Admin	64.48	52.19	51.44	50.71	50.96
Operating Expenses	213.53	70	166.14	123.36	97.77
Operating Income	-180.39	-19.22	-134.76	-72.76	-58.85
Interest Expense	-35.05	-40.61	-89.98	-92.33	-69.28
Other Non Operating Income (Expenses)	21.42	56.61	17.05	3.08	40.09
EBT Excluding Unusual Items	-194.03	-3.22	-207.69	-162.01	-88.04
Gain (Loss) on Sale of Assets	-86.71	-16.37	23.45	-3	-4.5
Asset Writedown	282.16	25.8	-14.1	12.18	113
Pretax Income	1.43	6.2	-198.34	-152.84	20.46
Income Tax Expense	-12.97	-2.02	-	-	-
Earnings From Continuing Operations	14.4	8.22	-198.34	-152.84	20.46
Net Income	14.4	8.22	-198.34	-152.84	20.46
Net Income to Common	14.4	8.22	-198.34	-152.84	20.46
Net Income Growth	75.13%	-	-	-	-9.10%
Shares Outstanding (Basic)	2,600	2,600	2,600	2,600	2,600
Shares Outstanding (Diluted)	2,600	2,600	2,600	2,600	2,600
EPS (Basic)	0.01	0.00	-0.08	-0.06	0.01
EPS (Diluted)	0.01	0.00	-0.08	-0.06	0.01
EPS Growth	75.17%	-	-	-	-9.10%
Free Cash Flow	482.87	-4.92	139.98	104.39	151.11
Free Cash Flow Per Share	0.19	-0.00	0.05	0.04	0.06
Gross Margin	33.80%	37.55%	9.02%	34.58%	35.61%
Operating Margin	-184.02%	-14.22%	-38.73%	-49.73%	-53.85%
Profit Margin	14.69%	6.08%	-57.00%	-104.46%	18.72%
Free Cash Flow Margin	492.57%	-3.64%	40.23%	71.35%	138.26%
EBITDA	-175.59	-14.07	-127.38	-64.56	-51.15
EBITDA Margin	-179.12%	-10.40%	-36.60%	-44.12%	-46.80%
D&A For EBITDA	4.8	5.16	7.39	8.21	7.7
EBIT	-180.39	-19.22	-134.76	-72.76	-58.85
EBIT Margin	-184.02%	-14.22%	-38.73%	-49.73%	-53.85%
Advertising Expenses	1.15	0.68	1.48	0.38	0.17

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