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	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024
Revenue	2,283	2,183	1,145
Revenue Growth	20.59%	90.64%	-
Cost of Revenue	1,484	1,360	685.35
Gross Profit	799.17	822.15	459.49
Selling, General & Admin	437.27	437.27	268.58
Amortization of Goodwill & Intangibles	24.26	24.26	0.44
Operating Expenses	464.28	464.28	269.78
Operating Income	334.88	357.87	189.71
Interest Expense	-38.98	-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)	-75.47	7.13	-6.09
EBT Excluding Unusual Items	249.59	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	347.71	443.8	177.8
Income Tax Expense	41.92	42.82	20.85
Net Income	305.79	400.97	156.96
Net Income to Common	305.79	400.97	156.96
Net Income Growth	0.75%	155.47%	-
Shares Outstanding (Basic)	2,279	2,177	1,278
Shares Outstanding (Diluted)	2,279	2,177	1,278
Shares Change	16.73%	70.35%	-
EPS (Basic)	0.13	0.18	0.12
EPS (Diluted)	0.13	0.18	0.12
EPS Growth	-13.69%	49.96%	-

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024
Period Ending	Sep '26 Sep 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024
Free Cash Flow	-	191.24	-91.93
Free Cash Flow Per Share	-	0.09	-0.07
Dividend Per Share	0.021	0.021	-
Dividend Growth	-	-	-
Gross Margin	35.01%	37.67%	40.14%
Operating Margin	14.67%	16.40%	16.57%
Profit Margin	13.40%	18.37%	13.71%
Free Cash Flow Margin	-	8.76%	-8.03%
EBITDA	437.95	482.47	253.9
EBITDA Margin	19.19%	22.11%	22.18%
D&A For EBITDA	103.07	124.6	64.18
EBIT	334.88	357.87	189.71
EBIT Margin	14.67%	16.40%	16.57%
Effective Tax Rate	12.05%	9.65%	11.72%