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	Sep '24 Sep 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	1,009	576.51	301.86	270.33	291.16	308.73
Revenue Growth (YoY)	137.49%	90.98%	11.66%	-7.15%	-5.69%	-
Cost of Revenue	814.3	438.58	203.49	176.86	181.96	200.59
Gross Profit	194.53	137.93	98.37	93.47	109.2	108.14
Selling, General & Admin	54.7	26.6	18.22	11.61	29.71	33.25
Operating Expenses	56.93	24.9	16.92	13.44	29.71	35.74
Operating Income	137.6	113.04	81.45	80.03	79.49	72.39
Interest Expense	-15.53	-4.69	-2.41	-0.99	-1.01	-0.84
Interest & Investment Income	5.59	8.12	3.65	0.28	3.56	5.11
Earnings From Equity Investments	0.2	-0.48	-0.34	-	-	-
Other Non Operating Income (Expenses)	5.95	3.54	0.29	-	0.99	0.04
EBT Excluding Unusual Items	133.82	119.53	82.65	79.32	83.03	76.7
Gain (Loss) on Sale of Investments	-23.04	-15.08	51.9	12.51	-	-
Other Unusual Items	0.67	0.67	-1.67	-	-	-
Pretax Income	111.45	105.11	132.88	91.84	83.03	76.7
Income Tax Expense	7.15	0.02	-	-	-	-
Earnings From Continuing Operations	104.29	105.09	132.88	91.84	83.03	76.7
Minority Interest in Earnings	0.18	0.24	0.37	-	-	-
Net Income	104.48	105.34	133.26	91.84	83.03	76.7
Net Income to Common	104.48	105.34	133.26	91.84	83.03	76.7
Net Income Growth	-19.08%	-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)	0.70	0.70	0.89	0.61	0.55	3.32
EPS (Diluted)	0.70	0.70	0.89	0.61	0.55	3.32
EPS Growth	-19.08%	-20.95%	45.10%	10.60%	-83.33%	-
Free Cash Flow	142.4	142.56	72.27	108.98	5.83	19.72
Free Cash Flow Per Share	0.95	0.95	0.48	0.73	0.04	0.85
Dividend Per Share	0.667	0.667	-	-	-	-
Gross Margin	19.28%	23.93%	32.59%	34.58%	37.51%	35.03%
Operating Margin	13.64%	19.61%	26.98%	29.61%	27.30%	23.45%
Profit Margin	10.36%	18.27%	44.15%	33.97%	28.52%	24.84%
Free Cash Flow Margin	14.12%	24.73%	23.94%	40.31%	2.00%	6.39%
EBITDA	152.41	117.46	81.82	80.32	79.75	72.65
EBITDA Margin	15.11%	20.38%	27.10%	29.71%	27.39%	23.53%
D&A For EBITDA	14.81	4.43	0.36	0.29	0.26	0.26
EBIT	137.6	113.04	81.45	80.03	79.49	72.39
EBIT Margin	13.64%	19.61%	26.98%	29.61%	27.30%	23.45%
Effective Tax Rate	6.42%	0.02%	-	-	-	-

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