R.A.K. Ceramics P.J.S.C. (ADX:RAKCEC)

R.A.K. Ceramics P.J.S.C. Income Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	3,285	3,232	3,458	3,517	2,861
Revenue Growth (YoY)	1.63%	-6.53%	-1.69%	22.95%	21.76%
Cost of Revenue	1,984	1,974	2,161	2,208	1,837
Gross Profit	1,301	1,258	1,297	1,310	1,023
Selling, General & Admin	963.75	909.05	917.86	978.42	731.63
Other Operating Expenses	-119.63	-82.39	-115.57	-101.94	-34.91
Operating Expenses	854.3	845.31	839.02	902	727.57
Operating Income	446.69	412.98	457.66	407.61	295.88
Interest Expense	-98.86	-114.89	-113.25	-78.08	-61.99
Interest & Investment Income	3.12	4.06	6.43	7.08	6.18
Earnings From Equity Investments	0.64	-0.2	1.27	6.29	16.59
Currency Exchange Gain (Loss)	5.14	-7.32	-1.64	-0.6	-6.45
Other Non Operating Income (Expenses)	-25.67	-20.03	-8.24	-45.63	-9.19
EBT Excluding Unusual Items	331.04	274.6	342.23	296.68	241.03
Gain (Loss) on Sale of Assets	0.04	0.62	-	43.47	49.11
Asset Writedown	-	-	-	-3.83	0.56
Other Unusual Items	-	-	-	32.37	5.51
Pretax Income	331.82	276.64	345.47	372.29	300.89
Income Tax Expense	83.3	42.56	24.61	32.18	16.98
Earnings From Continuing Operations	248.52	234.08	320.86	340.11	283.92
Net Income to Company	248.52	234.08	320.86	340.11	283.92
Minority Interest in Earnings	-4.81	-12.99	-29.91	-37.29	-37.45
Net Income	243.72	221.09	290.95	302.82	246.47
Net Income to Common	243.72	221.09	290.95	302.82	246.47
Net Income Growth	10.23%	-24.01%	-3.92%	22.86%	-
Shares Outstanding (Basic)	994	994	994	994	994
Shares Outstanding (Diluted)	994	994	994	994	994
EPS (Basic)	0.25	0.22	0.29	0.30	0.25
EPS (Diluted)	0.25	0.22	0.29	0.30	0.25
EPS Growth	10.23%	-24.01%	-3.92%	22.86%	-
Free Cash Flow	227.86	393.02	233.12	303.34	454.09
Free Cash Flow Per Share	0.23	0.40	0.23	0.30	0.46
Dividend Per Share	0.200	0.200	0.200	0.200	0.200
Dividend Growth	-	-	-	-	166.67%
Gross Margin	39.61%	38.93%	37.50%	37.23%	35.78%
Operating Margin	13.60%	12.78%	13.24%	11.59%	10.34%
Profit Margin	7.42%	6.84%	8.41%	8.61%	8.62%
Free Cash Flow Margin	6.94%	12.16%	6.74%	8.62%	15.87%
EBITDA	627.35	583.08	617.36	557.07	438.67
EBITDA Margin	19.10%	18.04%	17.85%	15.84%	15.33%
D&A For EBITDA	180.66	170.11	159.7	149.46	142.79
EBIT	446.69	412.98	457.66	407.61	295.88
EBIT Margin	13.60%	12.78%	13.24%	11.59%	10.34%
Effective Tax Rate	25.10%	15.38%	7.12%	8.64%	5.64%
Advertising Expenses	74.53	71.63	77.2	74.06	34.61

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