Palms Sports PJSC (ADX:PALMS)

Palms Sports PJSC Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	1,051	576.51	301.86	270.33	291.16
Revenue Growth (YoY)	82.32%	90.98%	11.66%	-7.15%	-5.69%
Cost of Revenue	848.17	438.72	203.49	176.86	181.96
Gross Profit	202.94	137.78	98.37	93.47	109.2
Selling, General & Admin	45.99	26.45	18.22	11.61	29.71
Operating Expenses	64.05	24.75	16.92	13.44	29.71
Operating Income	138.89	113.04	81.45	80.03	79.49
Interest Expense	-16.37	-4.69	-2.41	-0.99	-1.01
Interest & Investment Income	7.85	8.12	3.65	0.28	3.56
Earnings From Equity Investments	0.38	-0.48	-0.34	-	-
Other Non Operating Income (Expenses)	9.91	3.54	0.29	-	0.99
EBT Excluding Unusual Items	140.66	119.53	82.65	79.32	83.03
Gain (Loss) on Sale of Investments	-19.13	-15.08	51.9	12.51	-
Other Unusual Items	-	0.67	-1.67	-	-
Pretax Income	121.53	105.11	132.88	91.84	83.03
Income Tax Expense	12.34	0.02	-	-	-
Earnings From Continuing Operations	109.18	105.09	132.88	91.84	83.03
Minority Interest in Earnings	0.43	0.24	0.37	-	-
Net Income	109.61	105.34	133.26	91.84	83.03
Net Income to Common	109.61	105.34	133.26	91.84	83.03
Net Income Growth	4.06%	-20.95%	45.10%	10.60%	8.25%
Shares Outstanding (Basic)	150	150	150	150	150
Shares Outstanding (Diluted)	150	150	150	150	150
Shares Change (YoY)	-	-	-	-	549.40%
EPS (Basic)	0.73	0.70	0.89	0.61	0.55
EPS (Diluted)	0.73	0.70	0.89	0.61	0.55
EPS Growth	4.06%	-20.95%	45.10%	10.60%	-83.33%
Free Cash Flow	77.56	142.56	72.27	108.98	5.83
Free Cash Flow Per Share	0.52	0.95	0.48	0.73	0.04
Dividend Per Share	-	0.667	-	-	-
Gross Margin	19.31%	23.90%	32.59%	34.58%	37.51%
Operating Margin	13.21%	19.61%	26.98%	29.61%	27.30%
Profit Margin	10.43%	18.27%	44.15%	33.97%	28.52%
Free Cash Flow Margin	7.38%	24.73%	23.94%	40.31%	2.00%
EBITDA	153.88	117.46	81.82	80.32	79.75
EBITDA Margin	14.64%	20.38%	27.10%	29.71%	27.39%
D&A For EBITDA	15	4.43	0.36	0.29	0.26
EBIT	138.89	113.04	81.45	80.03	79.49
EBIT Margin	13.21%	19.61%	26.98%	29.61%	27.30%
Effective Tax Rate	10.16%	0.02%	-	-	-

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