Palms Sports PJSC (ADX:PALMS)

Palms Sports PJSC Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	1,096	1,051	576.51	301.86	270.33	291.16
Revenue Growth (YoY)	18.75%	82.33%	90.98%	11.66%	-7.15%	-5.69%
Cost of Revenue	909.01	848.17	438.72	203.49	176.86	181.96
Gross Profit	187.28	202.94	137.78	98.37	93.47	109.2
Selling, General & Admin	39.81	45.99	26.45	18.22	11.61	29.71
Operating Expenses	57.64	64.05	24.75	16.92	13.44	29.71
Operating Income	129.64	138.89	113.04	81.45	80.03	79.49
Interest Expense	-14.44	-16.37	-4.69	-2.41	-0.99	-1.01
Interest & Investment Income	6.81	7.85	8.12	3.65	0.28	3.56
Earnings From Equity Investments	1.07	0.38	-0.48	-0.34	-	-
Other Non Operating Income (Expenses)	9.85	9.91	3.54	0.29	-	0.99
EBT Excluding Unusual Items	132.93	140.66	119.53	82.65	79.32	83.03
Gain (Loss) on Sale of Investments	-2.77	-19.13	-15.08	51.9	12.51	-
Other Unusual Items	-	-	0.67	-1.67	-	-
Pretax Income	130.16	121.53	105.11	132.88	91.84	83.03
Income Tax Expense	14.39	12.34	0.02	-	-	-
Earnings From Continuing Operations	115.76	109.18	105.09	132.88	91.84	83.03
Minority Interest in Earnings	0.92	0.43	0.24	0.37	-	-
Net Income	116.68	109.61	105.34	133.26	91.84	83.03
Net Income to Common	116.68	109.61	105.34	133.26	91.84	83.03
Net Income Growth	2.70%	4.06%	-20.95%	45.10%	10.60%	8.25%
Shares Outstanding (Basic)	150	150	150	150	150	150
Shares Outstanding (Diluted)	150	150	150	150	150	150
Shares Change (YoY)	-	-	-	-	-	549.40%
EPS (Basic)	0.78	0.73	0.70	0.89	0.61	0.55
EPS (Diluted)	0.78	0.73	0.70	0.89	0.61	0.55
EPS Growth	2.70%	4.06%	-20.95%	45.10%	10.60%	-83.33%
Free Cash Flow	46.16	77.56	142.56	72.27	108.98	5.83
Free Cash Flow Per Share	0.31	0.52	0.95	0.48	0.73	0.04
Dividend Per Share	0.333	0.333	0.667	-	-	-
Dividend Growth	-50.02%	-50.02%	-	-	-	-
Gross Margin	17.08%	19.31%	23.90%	32.59%	34.58%	37.51%
Operating Margin	11.83%	13.21%	19.61%	26.98%	29.61%	27.30%
Profit Margin	10.64%	10.43%	18.27%	44.15%	33.97%	28.52%
Free Cash Flow Margin	4.21%	7.38%	24.73%	23.94%	40.31%	2.00%
EBITDA	144.3	153.88	117.46	81.82	80.32	79.75
EBITDA Margin	13.16%	14.64%	20.38%	27.10%	29.71%	27.39%
D&A For EBITDA	14.66	15	4.43	0.36	0.29	0.26
EBIT	129.64	138.89	113.04	81.45	80.03	79.49
EBIT Margin	11.83%	13.21%	19.61%	26.98%	29.61%	27.30%
Effective Tax Rate	11.06%	10.16%	0.02%	-	-	-

Updated Jan 20, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.