RAK Properties PJSC (ADX:RAKPROP)

RAK Properties 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	1,745	1,837	1,406	1,005	408.22	515.62
Revenue Growth (YoY)	17.40%	30.66%	39.95%	146.16%	-20.83%	111.76%
Cost of Revenue	1,069	1,130	863.4	639.67	267.71	320.69
Gross Profit	676.82	707.82	542.92	365.22	140.51	194.93
Selling, General & Admin	215.28	215.28	183.93	109.63	73.4	31.34
Other Operating Expenses	-27.13	-30.13	-7.91	-8.56	-25.88	-62.2
Operating Expenses	266.3	263.3	244.42	134.41	79.2	-15.75
Operating Income	410.52	444.52	298.51	230.82	61.3	210.68
Interest Expense	-71.8	-71.8	-86.66	-54.45	-38.82	-11.87
Interest & Investment Income	18.31	18.31	18.61	13.61	7.28	7.61
Earnings From Equity Investments	6.07	6.07	8.98	0.07	-	-
Other Non Operating Income (Expenses)	1.44	-2.56	6.08	-11.68	-2.81	-0.85
EBT Excluding Unusual Items	364.55	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	5.91	-	-	-	-
Asset Writedown	43.37	43.37	65.9	25.65	3.57	0.91
Other Unusual Items	-	-	-	-	-	-6.26
Pretax Income	413.83	443.83	308.16	201.82	30.79	201.47
Income Tax Expense	37.53	39.53	27.24	-	-	-
Net Income	376.3	404.3	280.92	201.82	30.79	201.47
Net Income to Common	376.3	404.3	280.92	201.82	30.79	201.47
Net Income Growth	22.43%	43.92%	39.19%	555.48%	-84.72%	77.48%
Shares Outstanding (Basic)	3,023	2,993	2,540	2,080	2,080	2,080
Shares Outstanding (Diluted)	3,023	2,993	2,540	2,080	2,080	2,080
Shares Change (YoY)	9.23%	17.83%	22.12%	-	-	-
EPS (Basic)	0.12	0.14	0.11	0.10	0.01	0.10
EPS (Diluted)	0.12	0.14	0.11	0.10	0.01	0.10
EPS Growth	12.08%	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	38.78%	38.52%	38.61%	36.34%	34.42%	37.80%
Operating Margin	23.52%	24.19%	21.23%	22.97%	15.02%	40.86%
Profit Margin	21.56%	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	480.89	514.89	370.26	267.02	94.21	220.71
EBITDA Margin	27.55%	28.02%	26.33%	26.57%	23.08%	42.80%
D&A For EBITDA	70.37	70.37	71.76	36.2	32.91	10.03
EBIT	410.52	444.52	298.51	230.82	61.3	210.68
EBIT Margin	23.52%	24.19%	21.23%	22.97%	15.02%	40.86%
Effective Tax Rate	9.07%	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.