Palms Sports 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	1,162	1,051	576.51	301.86	270.33
Revenue Growth (YoY)	10.55%	82.33%	90.98%	11.66%	-7.15%
Cost of Revenue	943.07	848.17	438.72	203.49	176.86
Gross Profit	218.91	202.94	137.78	98.37	93.47
Selling, General & Admin	55.92	45.99	26.45	18.22	11.61
Operating Expenses	75.16	64.05	24.75	16.92	13.44
Operating Income	143.74	138.89	113.04	81.45	80.03
Interest Expense	-12.21	-16.37	-4.69	-2.41	-0.99
Interest & Investment Income	6.94	7.85	8.12	3.65	0.28
Earnings From Equity Investments	3.41	0.38	-0.48	-0.34	-
Other Non Operating Income (Expenses)	3.15	9.91	3.54	0.29	-
EBT Excluding Unusual Items	145.02	140.66	119.53	82.65	79.32
Impairment of Goodwill	-2.72	-	-	-	-
Gain (Loss) on Sale of Investments	-10.86	-19.13	-15.08	51.9	12.51
Asset Writedown	-0.07	-	-	-	-
Other Unusual Items	-	-	0.67	-1.67	-
Pretax Income	131.38	121.53	105.11	132.88	91.84
Income Tax Expense	16.91	12.34	0.02	-	-
Earnings From Continuing Operations	114.47	109.18	105.09	132.88	91.84
Minority Interest in Earnings	1.16	0.43	0.24	0.37	-
Net Income	115.62	109.61	105.34	133.26	91.84
Net Income to Common	115.62	109.61	105.34	133.26	91.84
Net Income Growth	5.49%	4.06%	-20.95%	45.10%	10.60%
Shares Outstanding (Basic)	150	150	150	150	150
Shares Outstanding (Diluted)	150	150	150	150	150
EPS (Basic)	0.77	0.73	0.70	0.89	0.61
EPS (Diluted)	0.77	0.73	0.70	0.89	0.61
EPS Growth	5.49%	4.06%	-20.95%	45.10%	10.60%
Free Cash Flow	92.29	77.56	142.56	72.27	108.98
Free Cash Flow Per Share	0.61	0.52	0.95	0.48	0.73
Dividend Per Share	0.567	0.333	0.667	-	-
Dividend Growth	70.01%	-50.02%	-	-	-
Gross Margin	18.84%	19.31%	23.90%	32.59%	34.58%
Operating Margin	12.37%	13.21%	19.61%	26.98%	29.61%
Profit Margin	9.95%	10.43%	18.27%	44.15%	33.97%
Free Cash Flow Margin	7.94%	7.38%	24.73%	23.94%	40.31%
EBITDA	158.49	153.88	117.46	81.82	80.32
EBITDA Margin	13.64%	14.64%	20.38%	27.10%	29.71%
D&A For EBITDA	14.75	15	4.43	0.36	0.29
EBIT	143.74	138.89	113.04	81.45	80.03
EBIT Margin	12.37%	13.21%	19.61%	26.98%	29.61%
Effective Tax Rate	12.87%	10.16%	0.02%	-	-

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