NMDC Group 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	28,811	26,264	16,708	10,685	7,889
Revenue Growth (YoY)	9.70%	57.19%	56.36%	35.45%	78.30%
Cost of Revenue	24,023	22,647	14,546	9,577	6,822
Gross Profit	4,788	3,617	2,162	1,108	1,067
Selling, General & Admin	397.93	338.95	251.22	159.42	204.67
Operating Expenses	397.93	338.95	265.89	159.42	204.67
Operating Income	4,390	3,278	1,896	948.5	862.51
Interest Expense	-100.97	-144.77	-119.93	-58.76	-54.55
Interest & Investment Income	174.46	193.31	138.94	21.33	14.86
Earnings From Equity Investments	67.97	37.1	52.65	5.2	8.86
Currency Exchange Gain (Loss)	-64.93	-55.98	-38.85	-31.57	21.96
Other Non Operating Income (Expenses)	21.62	-42.21	46.65	176.94	59.13
EBT Excluding Unusual Items	4,488	3,265	1,975	1,062	912.78
Gain (Loss) on Sale of Investments	62.28	179.11	200.27	-1.96	1.27
Gain (Loss) on Sale of Assets	-0.61	5.9	6.31	267.44	13.7
Other Unusual Items	-	-	-	-	49.71
Pretax Income	4,573	3,459	2,188	1,346	1,000
Income Tax Expense	571.12	350.39	33.64	41.98	-2.52
Earnings From Continuing Operations	4,002	3,108	2,154	1,304	1,003
Minority Interest in Earnings	-375.98	-147.98	-0.84	-0.2	-0.16
Net Income	3,626	2,960	2,154	1,303	1,002
Net Income to Common	3,626	2,960	2,154	1,303	1,002
Net Income Growth	22.48%	37.47%	65.23%	30.02%	839.04%
Shares Outstanding (Basic)	844	833	825	825	796
Shares Outstanding (Diluted)	844	833	825	825	796
Shares Change (YoY)	1.36%	0.98%	-	3.61%	38.48%
EPS (Basic)	4.29	3.55	2.61	1.58	1.26
EPS (Diluted)	4.29	3.55	2.61	1.58	1.26
EPS Growth	20.84%	36.13%	65.23%	25.49%	578.13%
Free Cash Flow	1,337	1,713	1,676	1,861	1,450
Free Cash Flow Per Share	1.58	2.06	2.03	2.26	1.82
Dividend Per Share	1.000	0.830	0.750	-	-
Dividend Growth	20.48%	10.67%	-	-	-
Gross Margin	16.62%	13.77%	12.94%	10.37%	13.53%
Operating Margin	15.24%	12.48%	11.35%	8.88%	10.93%
Profit Margin	12.58%	11.27%	12.89%	12.20%	12.71%
Free Cash Flow Margin	4.64%	6.52%	10.03%	17.42%	18.38%
EBITDA	5,281	3,861	2,290	1,369	1,301
EBITDA Margin	18.33%	14.70%	13.71%	12.81%	16.49%
D&A For EBITDA	890.94	582.99	394.16	420.77	438.57
EBIT	4,390	3,278	1,896	948.5	862.51
EBIT Margin	15.24%	12.48%	11.35%	8.88%	10.93%
Effective Tax Rate	12.49%	10.13%	1.54%	3.12%	-

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.