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	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024
Revenue	2,242	2,183	1,145
Revenue Growth	37.79%	90.64%	-
Cost of Revenue	1,441	1,360	685.35
Gross Profit	800.74	822.15	459.49
Selling, General & Admin	440.48	437.27	268.58
Amortization of Goodwill & Intangibles	24.26	24.26	0.44
Operating Expenses	467.94	464.28	269.78
Operating Income	332.8	357.87	189.71
Interest Expense	-40.57	-48.48	-23.33
Interest & Investment Income	25.04	25.04	10.3
Earnings From Equity Investments	14.41	4.12	-
Other Non Operating Income (Expenses)	12.66	7.13	-6.09
EBT Excluding Unusual Items	344.34	345.67	170.59
Gain (Loss) on Sale of Investments	-5.51	1.11	7.21
Other Unusual Items	-	97.01	-
Pretax Income	338.83	443.8	177.8
Income Tax Expense	37.62	42.82	20.85
Net Income	301.2	400.97	156.96
Net Income to Common	301.2	400.97	156.96
Net Income Growth	6.32%	155.47%	-
Shares Outstanding (Basic)	2,177	2,177	1,278
Shares Outstanding (Diluted)	2,177	2,177	1,278
Shares Change	26.02%	70.35%	-
EPS (Basic)	0.14	0.18	0.12
EPS (Diluted)	0.14	0.18	0.12
EPS Growth	-15.64%	49.96%	-

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024
Period Ending	Jun '26 Jun 30, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024
Free Cash Flow	164.82	191.24	-91.93
Free Cash Flow Per Share	0.08	0.09	-0.07
Dividend Per Share	0.021	0.021	-
Dividend Growth	-	-	-
Gross Margin	35.72%	37.67%	40.14%
Operating Margin	14.84%	16.40%	16.57%
Profit Margin	13.43%	18.37%	13.71%
Free Cash Flow Margin	7.35%	8.76%	-8.03%
EBITDA	445.2	482.47	253.9
EBITDA Margin	19.86%	22.11%	22.18%
D&A For EBITDA	112.4	124.6	64.18
EBIT	332.8	357.87	189.71
EBIT Margin	14.84%	16.40%	16.57%
Effective Tax Rate	11.10%	9.65%	11.72%