Palms Sports PJSC Income Statement

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

Millions AED. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun '24 Jun 30, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019
Revenue	923.18	576.51	301.86	270.33	291.16	308.73
Revenue Growth (YoY)	177.66%	90.98%	11.66%	-7.15%	-5.69%	-
Cost of Revenue	733.23	438.58	203.49	176.86	181.96	200.59
Gross Profit	189.95	137.93	98.37	93.47	109.2	108.14
Selling, General & Admin	57.97	26.6	18.22	11.61	29.71	33.25
Operating Expenses	58.56	24.9	16.92	13.44	29.71	35.74
Operating Income	131.39	113.04	81.45	80.03	79.49	72.39
Interest Expense	-12.69	-4.69	-2.41	-0.99	-1.01	-0.84
Interest & Investment Income	6.98	8.12	3.65	0.28	3.56	5.11
Earnings From Equity Investments	0.21	-0.48	-0.34	-	-	-
Other Non Operating Income (Expenses)	5.02	3.54	0.29	-	0.99	0.04
EBT Excluding Unusual Items	130.91	119.53	82.65	79.32	83.03	76.7
Gain (Loss) on Sale of Investments	-14.62	-15.08	51.9	12.51	-	-
Other Unusual Items	0.67	0.67	-1.67	-	-	-
Pretax Income	116.96	105.11	132.88	91.84	83.03	76.7
Income Tax Expense	3.44	0.02	-	-	-	-
Earnings From Continuing Operations	113.53	105.09	132.88	91.84	83.03	76.7
Minority Interest in Earnings	0.08	0.24	0.37	-	-	-
Net Income	113.61	105.34	133.26	91.84	83.03	76.7
Net Income to Common	113.61	105.34	133.26	91.84	83.03	76.7
Net Income Growth	-2.00%	-20.95%	45.10%	10.60%	8.25%	-
Shares Outstanding (Basic)	150	150	150	150	150	23
Shares Outstanding (Diluted)	150	150	150	150	150	23
Shares Change (YoY)	-	-	-	-	549.40%	-
EPS (Basic)	0.76	0.70	0.89	0.61	0.55	3.32
EPS (Diluted)	0.76	0.70	0.89	0.61	0.55	3.32
EPS Growth	-2.00%	-20.95%	45.10%	10.60%	-83.33%	-
Free Cash Flow	169.94	142.56	72.27	108.98	5.83	19.72
Free Cash Flow Per Share	1.13	0.95	0.48	0.73	0.04	0.85
Dividend Per Share	0.667	0.667	-	-	-	-
Gross Margin	20.58%	23.93%	32.59%	34.58%	37.51%	35.03%
Operating Margin	14.23%	19.61%	26.98%	29.61%	27.30%	23.45%
Profit Margin	12.31%	18.27%	44.15%	33.97%	28.52%	24.84%
Free Cash Flow Margin	18.41%	24.73%	23.94%	40.31%	2.00%	6.39%
EBITDA	143.22	117.46	81.82	80.32	79.75	72.65
EBITDA Margin	15.51%	20.38%	27.10%	29.71%	27.39%	23.53%
D&A For EBITDA	11.83	4.43	0.36	0.29	0.26	0.26
EBIT	131.39	113.04	81.45	80.03	79.49	72.39
EBIT Margin	14.23%	19.61%	26.98%	29.61%	27.30%	23.45%
Effective Tax Rate	2.94%	0.02%	-	-	-	-

Source: S&P Capital IQ. Standard template. Financial Sources.