ADX:NCTH Income Statement

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

Millions AED. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024
Revenue	2,183	1,145
Revenue Growth (YoY)	90.64%	-
Cost of Revenue	1,351	677.17
Gross Profit	831.5	467.68
Selling, General & Admin	446.62	276.77
Amortization of Goodwill & Intangibles	24.26	0.44
Operating Expenses	473.63	277.97
Operating Income	357.87	189.71
Interest Expense	-48.48	-23.33
Interest & Investment Income	25.04	10.3
Earnings From Equity Investments	4.12	-
Other Non Operating Income (Expenses)	7.13	-6.09
EBT Excluding Unusual Items	345.67	170.59
Gain (Loss) on Sale of Investments	1.11	7.21
Other Unusual Items	97.01	-
Pretax Income	443.8	177.8
Income Tax Expense	42.82	20.85
Net Income	400.97	156.96
Net Income to Common	400.97	156.96
Net Income Growth	155.47%	-
Shares Outstanding (Basic)	2,177	1,278
Shares Outstanding (Diluted)	2,177	1,278
Shares Change (YoY)	70.35%	-
EPS (Basic)	0.18	0.12
EPS (Diluted)	0.18	0.12
EPS Growth	49.96%	-
Free Cash Flow	191.24	-91.93
Free Cash Flow Per Share	0.09	-0.07
Gross Margin	38.10%	40.85%
Operating Margin	16.40%	16.57%
Profit Margin	18.37%	13.71%
Free Cash Flow Margin	8.76%	-8.03%
EBITDA	482.47	253.9
EBITDA Margin	22.11%	22.18%
D&A For EBITDA	124.6	64.18
EBIT	357.87	189.71
EBIT Margin	16.40%	16.57%
Effective Tax Rate	9.65%	11.72%

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