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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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	1,174	1,162	1,051	576.51	301.86	270.33
Revenue Growth (YoY)	7.07%	10.55%	82.33%	90.98%	11.66%	-7.15%
Cost of Revenue	945.32	943.07	848.17	438.72	203.49	176.86
Gross Profit	228.46	218.91	202.94	137.78	98.37	93.47
Selling, General & Admin	65.38	55.92	45.99	26.45	18.22	11.61
Operating Expenses	83.4	75.16	64.05	24.75	16.92	13.44
Operating Income	145.07	143.74	138.89	113.04	81.45	80.03
Interest Expense	-10.35	-12.21	-16.37	-4.69	-2.41	-0.99
Interest & Investment Income	7.72	6.94	7.85	8.12	3.65	0.28
Earnings From Equity Investments	0.96	3.41	0.38	-0.48	-0.34	-
Other Non Operating Income (Expenses)	4.2	3.15	9.91	3.54	0.29	-
EBT Excluding Unusual Items	147.59	145.02	140.66	119.53	82.65	79.32
Impairment of Goodwill	-2.72	-2.72	-	-	-	-
Gain (Loss) on Sale of Investments	-14.6	-10.86	-19.13	-15.08	51.9	12.51
Asset Writedown	-0.07	-0.07	-	-	-	-
Other Unusual Items	-	-	-	0.67	-1.67	-
Pretax Income	130.2	131.38	121.53	105.11	132.88	91.84
Income Tax Expense	17.53	16.91	12.34	0.02	-	-
Earnings From Continuing Operations	112.67	114.47	109.18	105.09	132.88	91.84
Minority Interest in Earnings	1.45	1.16	0.43	0.24	0.37	-
Net Income	114.12	115.62	109.61	105.34	133.26	91.84
Net Income to Common	114.12	115.62	109.61	105.34	133.26	91.84
Net Income Growth	-2.19%	5.49%	4.06%	-20.95%	45.10%	10.60%
Shares Outstanding (Basic)	150	150	150	150	150	150
Shares Outstanding (Diluted)	150	150	150	150	150	150
EPS (Basic)	0.76	0.77	0.73	0.70	0.89	0.61
EPS (Diluted)	0.76	0.77	0.73	0.70	0.89	0.61
EPS Growth	-2.19%	5.49%	4.06%	-20.95%	45.10%	10.60%
Free Cash Flow	202.89	92.29	77.56	142.56	72.27	108.98
Free Cash Flow Per Share	1.35	0.61	0.52	0.95	0.48	0.73
Dividend Per Share	0.567	0.567	0.333	0.667	-	-
Dividend Growth	70.01%	70.01%	-50.02%	-	-	-
Gross Margin	19.46%	18.84%	19.31%	23.90%	32.59%	34.58%
Operating Margin	12.36%	12.37%	13.21%	19.61%	26.98%	29.61%
Profit Margin	9.72%	9.95%	10.43%	18.27%	44.15%	33.97%
Free Cash Flow Margin	17.29%	7.94%	7.38%	24.73%	23.94%	40.31%
EBITDA	160.16	158.49	153.88	117.46	81.82	80.32
EBITDA Margin	13.64%	13.64%	14.64%	20.38%	27.10%	29.71%
D&A For EBITDA	15.09	14.75	15	4.43	0.36	0.29
EBIT	145.07	143.74	138.89	113.04	81.45	80.03
EBIT Margin	12.36%	12.37%	13.21%	19.61%	26.98%	29.61%
Effective Tax Rate	13.46%	12.87%	10.16%	0.02%	-	-