RAK Properties PJSC (ADX:RAKPROP)

RAK Properties 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	1,680	1,406	1,005	408.22	515.62	243.5
Revenue Growth (YoY)	38.81%	39.95%	146.16%	-20.83%	111.76%	25.02%
Cost of Revenue	1,030	863.4	639.67	267.71	320.69	159.52
Gross Profit	650.71	542.92	365.22	140.51	194.93	83.98
Selling, General & Admin	224.54	183.93	109.63	73.4	31.34	30.31
Other Operating Expenses	-28.88	-7.91	-8.56	-25.88	-62.2	-48.62
Operating Expenses	270.93	244.42	134.41	79.2	-15.75	-8.4
Operating Income	379.78	298.51	230.82	61.3	210.68	92.37
Interest Expense	-72.27	-86.66	-54.45	-38.82	-11.87	-17.65
Interest & Investment Income	18.49	18.61	13.61	7.28	7.61	11.88
Earnings From Equity Investments	14.52	8.98	0.07	-	-	-
Other Non Operating Income (Expenses)	6.08	6.08	-11.68	-2.81	-0.85	-1.34
EBT Excluding Unusual Items	346.59	245.51	178.37	26.96	205.58	85.27
Gain (Loss) on Sale of Investments	-	-3.25	-2.2	0.26	1.26	-2.83
Asset Writedown	65.9	65.9	25.65	3.57	0.91	31.09
Other Unusual Items	-	-	-	-	-6.26	-
Pretax Income	412.49	308.16	201.82	30.79	201.47	113.52
Income Tax Expense	36.17	27.24	-	-	-	-
Net Income	376.32	280.92	201.82	30.79	201.47	113.52
Net Income to Common	376.32	280.92	201.82	30.79	201.47	113.52
Net Income Growth	72.58%	39.19%	555.48%	-84.72%	77.48%	21.89%
Shares Outstanding (Basic)	2,985	2,540	2,080	2,080	2,080	2,080
Shares Outstanding (Diluted)	2,985	2,540	2,080	2,080	2,080	2,080
Shares Change (YoY)	28.75%	22.12%	-	-	-	-
EPS (Basic)	0.13	0.11	0.10	0.01	0.10	0.05
EPS (Diluted)	0.13	0.11	0.10	0.01	0.10	0.05
EPS Growth	34.04%	13.98%	555.50%	-84.72%	77.48%	21.89%
Free Cash Flow	212.54	166.8	221.57	17.42	-224.19	-93.55
Free Cash Flow Per Share	0.07	0.07	0.11	0.01	-0.11	-0.04
Dividend Per Share	-	-	0.030	-	-	-
Gross Margin	38.72%	38.61%	36.34%	34.42%	37.80%	34.49%
Operating Margin	22.60%	21.23%	22.97%	15.02%	40.86%	37.94%
Profit Margin	22.39%	19.98%	20.08%	7.54%	39.07%	46.62%
Free Cash Flow Margin	12.65%	11.86%	22.05%	4.27%	-43.48%	-38.42%
EBITDA	453.57	370.26	267.02	94.21	220.71	103.08
EBITDA Margin	26.99%	26.33%	26.57%	23.08%	42.80%	42.33%
D&A For EBITDA	73.79	71.76	36.2	32.91	10.03	10.71
EBIT	379.78	298.51	230.82	61.3	210.68	92.37
EBIT Margin	22.60%	21.23%	22.97%	15.02%	40.86%	37.94%
Effective Tax Rate	8.77%	8.84%	-	-	-	-
Advertising Expenses	-	54.92	32.03	17.05	6.6	4.99

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