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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	1,123	1,051	576.51	301.86	270.33	291.16
Revenue Growth (YoY)	11.33%	82.33%	90.98%	11.66%	-7.15%	-5.69%
Cost of Revenue	921.63	848.17	438.72	203.49	176.86	181.96
Gross Profit	201.53	202.94	137.78	98.37	93.47	109.2
Selling, General & Admin	51.36	45.99	26.45	18.22	11.61	29.71
Operating Expenses	70.13	64.05	24.75	16.92	13.44	29.71
Operating Income	131.4	138.89	113.04	81.45	80.03	79.49
Interest Expense	-13.35	-16.37	-4.69	-2.41	-0.99	-1.01
Interest & Investment Income	7.15	7.85	8.12	3.65	0.28	3.56
Earnings From Equity Investments	1.25	0.38	-0.48	-0.34	-	-
Other Non Operating Income (Expenses)	6.34	9.91	3.54	0.29	-	0.99
EBT Excluding Unusual Items	132.79	140.66	119.53	82.65	79.32	83.03
Gain (Loss) on Sale of Investments	1.32	-19.13	-15.08	51.9	12.51	-
Asset Writedown	-2.79	-	-	-	-	-
Other Unusual Items	-	-	0.67	-1.67	-	-
Pretax Income	131.32	121.53	105.11	132.88	91.84	83.03
Income Tax Expense	15.34	12.34	0.02	-	-	-
Earnings From Continuing Operations	115.98	109.18	105.09	132.88	91.84	83.03
Minority Interest in Earnings	0.9	0.43	0.24	0.37	-	-
Net Income	116.88	109.61	105.34	133.26	91.84	83.03
Net Income to Common	116.88	109.61	105.34	133.26	91.84	83.03
Net Income Growth	11.87%	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	11.87%	4.06%	-20.95%	45.10%	10.60%	-83.33%
Free Cash Flow	55.05	77.56	142.56	72.27	108.98	5.83
Free Cash Flow Per Share	0.37	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	17.94%	19.31%	23.90%	32.59%	34.58%	37.51%
Operating Margin	11.70%	13.21%	19.61%	26.98%	29.61%	27.30%
Profit Margin	10.41%	10.43%	18.27%	44.15%	33.97%	28.52%
Free Cash Flow Margin	4.90%	7.38%	24.73%	23.94%	40.31%	2.00%
EBITDA	146.18	153.88	117.46	81.82	80.32	79.75
EBITDA Margin	13.01%	14.64%	20.38%	27.10%	29.71%	27.39%
D&A For EBITDA	14.78	15	4.43	0.36	0.29	0.26
EBIT	131.4	138.89	113.04	81.45	80.03	79.49
EBIT Margin	11.70%	13.21%	19.61%	26.98%	29.61%	27.30%
Effective Tax Rate	11.68%	10.16%	0.02%	-	-	-

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.