TAQA Income Statement

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

Millions AED. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep '24 Sep 30, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019
Revenue	54,067	51,717	50,051	45,294	23,985	6,057
Revenue Growth (YoY)	8.09%	3.33%	10.50%	88.84%	295.99%	-
Operations & Maintenance	-	-	-	-	1,561	349
Selling, General & Admin	2,657	2,334	2,134	2,254	449	284
Depreciation & Amortization	9,809	9,212	9,473	11,111	5,617	1,811
Other Operating Expenses	31,421	29,973	27,494	23,901	12,157	515
Total Operating Expenses	43,887	41,519	39,101	37,266	19,805	2,959
Operating Income	10,180	10,198	10,950	8,028	4,180	3,098
Interest Expense	-2,964	-2,872	-2,966	-3,070	-1,353	-1
Interest Income	1,467	796	172	123	31	-
Net Interest Expense	-1,497	-2,076	-2,794	-2,947	-1,322	-1
Income (Loss) on Equity Investments	405	191	321	313	55	-
Currency Exchange Gain (Loss)	-151	-55	-169	-79	73	-
Other Non-Operating Income (Expenses)	418	378	-44	860	214	85
EBT Excluding Unusual Items	9,355	8,636	8,264	6,175	3,200	3,182
Gain (Loss) on Sale of Investments	-	10,784	-	-	-	-
Gain (Loss) on Sale of Assets	11	11	128	256	-11	-
Other Unusual Items	-	-	-	-	570	-
Pretax Income	9,366	19,431	8,392	6,431	3,759	3,182
Income Tax Expense	1,362	2,629	1,013	682	-258	-
Earnings From Continuing Ops.	8,004	16,802	7,379	5,749	4,017	3,182
Earnings From Discontinued Ops.	65	18	744	246	-	-
Net Income to Company	8,069	16,820	8,123	5,995	4,017	3,182
Minority Interest in Earnings	-342	-173	-93	-35	-209	-
Net Income	7,727	16,647	8,030	5,960	3,808	3,182
Net Income to Common	7,727	16,647	8,030	5,960	3,808	3,182
Net Income Growth	-53.87%	107.31%	34.73%	56.51%	19.67%	-
Shares Outstanding (Basic)	112,434	112,434	112,434	112,434	97,955	83,475
Shares Outstanding (Diluted)	112,434	112,434	112,434	112,434	97,955	83,475
Shares Change (YoY)	-	-	-	14.78%	17.35%	-
EPS (Basic)	0.07	0.15	0.07	0.05	0.04	0.04
EPS (Diluted)	0.07	0.15	0.07	0.05	0.04	0.04
EPS Growth	-53.87%	107.31%	34.73%	36.36%	1.98%	-
Free Cash Flow	10,156	15,032	17,867	16,442	8,463	320
Free Cash Flow Per Share	0.09	0.13	0.16	0.15	0.09	0.00
Dividend Per Share	0.042	0.041	0.028	0.028	0.025	0.047
Dividend Growth	40.00%	46.43%	1.82%	10.00%	-46.58%	-
Profit Margin	14.29%	32.19%	16.04%	13.16%	15.88%	52.53%
Free Cash Flow Margin	18.78%	29.07%	35.70%	36.30%	35.28%	5.28%
EBITDA	19,999	19,410	20,423	19,139	9,881	4,902
EBITDA Margin	36.99%	37.53%	40.80%	42.26%	41.20%	80.93%
D&A For EBITDA	9,819	9,212	9,473	11,111	5,701	1,804
EBIT	10,180	10,198	10,950	8,028	4,180	3,098
EBIT Margin	18.83%	19.72%	21.88%	17.72%	17.43%	51.15%
Effective Tax Rate	14.54%	13.53%	12.07%	10.60%	-	-
Revenue as Reported	54,067	51,717	50,051	45,294	23,985	6,057

Source: S&P Capital IQ. Utility template. Financial Sources.