Palms Sports PJSC (ADX:PALMS)

Palms Sports PJSC Income Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	1,174	1,162	1,051	576.51	301.86	270.33
Revenue Growth (YoY)	9.84%	10.55%	82.33%	90.98%	11.66%	-7.15%
Cost of Revenue	949.49	943.07	848.17	438.72	203.49	176.86
Gross Profit	224.73	218.91	202.94	137.78	98.37	93.47
Selling, General & Admin	59.64	55.92	45.99	26.45	18.22	11.61
Operating Expenses	76.49	75.16	64.05	24.75	16.92	13.44
Operating Income	148.24	143.74	138.89	113.04	81.45	80.03
Interest Expense	-11.14	-12.21	-16.37	-4.69	-2.41	-0.99
Interest & Investment Income	7.1	6.94	7.85	8.12	3.65	0.28
Earnings From Equity Investments	2.92	3.41	0.38	-0.48	-0.34	-
Other Non Operating Income (Expenses)	4.11	3.15	9.91	3.54	0.29	-
EBT Excluding Unusual Items	151.24	145.02	140.66	119.53	82.65	79.32
Impairment of Goodwill	-2.72	-2.72	-	-	-	-
Gain (Loss) on Sale of Investments	-14.8	-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	133.65	131.38	121.53	105.11	132.88	91.84
Income Tax Expense	18.34	16.91	12.34	0.02	-	-
Earnings From Continuing Operations	115.32	114.47	109.18	105.09	132.88	91.84
Minority Interest in Earnings	1.35	1.16	0.43	0.24	0.37	-
Net Income	116.67	115.62	109.61	105.34	133.26	91.84
Net Income to Common	116.67	115.62	109.61	105.34	133.26	91.84
Net Income Growth	4.62%	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)	0.78	0.77	0.73	0.70	0.89	0.61
EPS (Diluted)	0.78	0.77	0.73	0.70	0.89	0.61
EPS Growth	4.62%	5.49%	4.06%	-20.95%	45.10%	10.60%
Free Cash Flow	140.1	92.29	77.56	142.56	72.27	108.98
Free Cash Flow Per Share	0.93	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	19.14%	18.84%	19.31%	23.90%	32.59%	34.58%
Operating Margin	12.63%	12.37%	13.21%	19.61%	26.98%	29.61%
Profit Margin	9.94%	9.95%	10.43%	18.27%	44.15%	33.97%
Free Cash Flow Margin	11.93%	7.94%	7.38%	24.73%	23.94%	40.31%
EBITDA	163.17	158.49	153.88	117.46	81.82	80.32
EBITDA Margin	13.90%	13.64%	14.64%	20.38%	27.10%	29.71%
D&A For EBITDA	14.93	14.75	15	4.43	0.36	0.29
EBIT	148.24	143.74	138.89	113.04	81.45	80.03
EBIT Margin	12.63%	12.37%	13.21%	19.61%	26.98%	29.61%
Effective Tax Rate	13.72%	12.87%	10.16%	0.02%	-	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.