RAK Properties PJSC Income Statement

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

Millions AED. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	1,837	1,406	1,005	408.22	515.62
Revenue Growth (YoY)	30.66%	39.95%	146.16%	-20.83%	111.76%
Cost of Revenue	1,130	863.4	639.67	267.71	320.69
Gross Profit	707.82	542.92	365.22	140.51	194.93
Selling, General & Admin	215.28	183.93	109.63	73.4	31.34
Other Operating Expenses	-30.13	-7.91	-8.56	-25.88	-62.2
Operating Expenses	263.3	244.42	134.41	79.2	-15.75
Operating Income	444.52	298.51	230.82	61.3	210.68
Interest Expense	-71.8	-86.66	-54.45	-38.82	-11.87
Interest & Investment Income	18.31	18.61	13.61	7.28	7.61
Earnings From Equity Investments	6.07	8.98	0.07	-	-
Other Non Operating Income (Expenses)	-2.56	6.08	-11.68	-2.81	-0.85
EBT Excluding Unusual Items	394.55	245.51	178.37	26.96	205.58
Gain (Loss) on Sale of Investments	-	-3.25	-2.2	0.26	1.26
Gain (Loss) on Sale of Assets	5.91	-	-	-	-
Asset Writedown	43.37	65.9	25.65	3.57	0.91
Other Unusual Items	-	-	-	-	-6.26
Pretax Income	443.83	308.16	201.82	30.79	201.47
Income Tax Expense	39.53	27.24	-	-	-
Net Income	404.3	280.92	201.82	30.79	201.47
Net Income to Common	404.3	280.92	201.82	30.79	201.47
Net Income Growth	43.92%	39.19%	555.48%	-84.72%	77.48%
Shares Outstanding (Basic)	2,993	2,540	2,080	2,080	2,080
Shares Outstanding (Diluted)	2,993	2,540	2,080	2,080	2,080
Shares Change (YoY)	17.83%	22.12%	-	-	-
EPS (Basic)	0.14	0.11	0.10	0.01	0.10
EPS (Diluted)	0.14	0.11	0.10	0.01	0.10
EPS Growth	22.15%	13.98%	555.50%	-84.72%	77.48%
Free Cash Flow	158.72	166.8	221.57	17.42	-224.19
Free Cash Flow Per Share	0.05	0.07	0.11	0.01	-0.11
Dividend Per Share	-	-	0.030	-	-
Gross Margin	38.52%	38.61%	36.34%	34.42%	37.80%
Operating Margin	24.19%	21.23%	22.97%	15.02%	40.86%
Profit Margin	22.00%	19.98%	20.08%	7.54%	39.07%
Free Cash Flow Margin	8.64%	11.86%	22.05%	4.27%	-43.48%
EBITDA	514.89	370.26	267.02	94.21	220.71
EBITDA Margin	28.02%	26.33%	26.57%	23.08%	42.80%
D&A For EBITDA	70.37	71.76	36.2	32.91	10.03
EBIT	444.52	298.51	230.82	61.3	210.68
EBIT Margin	24.19%	21.23%	22.97%	15.02%	40.86%
Effective Tax Rate	8.91%	8.84%	-	-	-
Advertising Expenses	59.94	54.92	32.03	17.05	6.6

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