ADX:NCTH 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
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024
Revenue	2,230	2,183	1,145
Revenue Growth (YoY)	56.87%	90.64%	-
Cost of Revenue	1,390	1,360	685.35
Gross Profit	840.67	822.15	459.49
Selling, General & Admin	437.27	437.27	268.58
Amortization of Goodwill & Intangibles	-	24.26	0.44
Operating Expenses	571.43	464.28	269.78
Operating Income	269.24	357.87	189.71
Interest Expense	-43.31	-48.48	-23.33
Interest & Investment Income	25.04	25.04	10.3
Earnings From Equity Investments	4.12	4.12	-
Other Non Operating Income (Expenses)	7.13	7.13	-6.09
EBT Excluding Unusual Items	262.21	345.67	170.59
Gain (Loss) on Sale of Investments	1.11	1.11	7.21
Other Unusual Items	97.01	97.01	-
Pretax Income	360.33	443.8	177.8
Income Tax Expense	43.54	42.82	20.85
Net Income	316.79	400.97	156.96
Net Income to Common	316.79	400.97	156.96
Net Income Growth	12.41%	155.47%	-
Shares Outstanding (Basic)	2,216	2,177	1,278
Shares Outstanding (Diluted)	2,216	2,177	1,278
Shares Change (YoY)	45.45%	70.35%	-
EPS (Basic)	0.14	0.18	0.12
EPS (Diluted)	0.14	0.18	0.12
EPS Growth	-22.72%	49.96%	-
Free Cash Flow	-	191.24	-91.93
Free Cash Flow Per Share	-	0.09	-0.07
Dividend Per Share	-	0.021	-
Gross Margin	37.70%	37.67%	40.14%
Operating Margin	12.07%	16.40%	16.57%
Profit Margin	14.21%	18.37%	13.71%
Free Cash Flow Margin	-	8.76%	-8.03%
EBITDA	408.94	482.47	253.9
EBITDA Margin	18.34%	22.11%	22.18%
D&A For EBITDA	139.7	124.6	64.18
EBIT	269.24	357.87	189.71
EBIT Margin	12.07%	16.40%	16.57%
Effective Tax Rate	12.08%	9.65%	11.72%

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