Abu Dhabi National Energy Company PJSC (ADX:TAQA)

ADX:TAQA 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	56,080	55,162	51,717	50,051	45,294	23,985
Revenue Growth (YoY)	3.72%	6.66%	3.33%	10.50%	88.84%	295.99%
Operations & Maintenance	-	-	-	-	-	1,561
Selling, General & Admin	2,568	2,861	2,334	2,134	2,254	449
Depreciation & Amortization	9,723	9,944	9,212	9,473	11,111	5,617
Other Operating Expenses	34,888	32,881	29,973	27,494	23,901	12,157
Total Operating Expenses	47,179	45,686	41,519	39,101	37,266	19,805
Operating Income	8,901	9,476	10,198	10,950	8,028	4,180
Interest Expense	-2,642	-2,637	-2,872	-2,966	-3,070	-1,353
Interest Income	1,029	1,154	796	172	123	31
Net Interest Expense	-1,613	-1,483	-2,076	-2,794	-2,947	-1,322
Income (Loss) on Equity Investments	148	384	191	321	313	55
Currency Exchange Gain (Loss)	25	-38	-55	-169	-79	73
Other Non-Operating Income (Expenses)	587	516	378	-44	860	214
EBT Excluding Unusual Items	8,048	8,855	8,636	8,264	6,175	3,200
Gain (Loss) on Sale of Investments	-	-	10,784	-	-	-
Gain (Loss) on Sale of Assets	-3	-3	11	128	256	-11
Insurance Settlements	38	38	-	-	-	-
Other Unusual Items	-	-	-	-	-	570
Pretax Income	8,083	8,890	19,431	8,392	6,431	3,759
Income Tax Expense	1,129	1,623	2,629	1,013	682	-258
Earnings From Continuing Ops.	6,954	7,267	16,802	7,379	5,749	4,017
Earnings From Discontinued Ops.	32	66	18	744	246	-
Net Income to Company	6,986	7,333	16,820	8,123	5,995	4,017
Minority Interest in Earnings	-332	-265	-173	-93	-35	-209
Net Income	6,654	7,068	16,647	8,030	5,960	3,808
Net Income to Common	6,654	7,068	16,647	8,030	5,960	3,808
Net Income Growth	-15.79%	-57.54%	107.31%	34.73%	56.51%	19.67%
Shares Outstanding (Basic)	119,294	112,434	112,434	112,434	112,434	97,955
Shares Outstanding (Diluted)	119,294	112,434	112,434	112,434	112,434	97,955
Shares Change (YoY)	6.10%	-	-	-	14.78%	17.35%
EPS (Basic)	0.06	0.06	0.15	0.07	0.05	0.04
EPS (Diluted)	0.06	0.06	0.15	0.07	0.05	0.04
EPS Growth	-20.64%	-57.54%	107.31%	34.73%	36.36%	1.98%
Free Cash Flow	12,611	9,796	15,032	17,867	16,442	8,463
Free Cash Flow Per Share	0.11	0.09	0.13	0.16	0.15	0.09
Dividend Per Share	0.028	0.042	0.041	0.028	0.028	0.025
Dividend Growth	-21.13%	2.44%	46.43%	1.82%	10.00%	-46.58%
Profit Margin	11.87%	12.81%	32.19%	16.04%	13.16%	15.88%
Free Cash Flow Margin	22.49%	17.76%	29.07%	35.70%	36.30%	35.28%
EBITDA	18,588	19,420	19,410	20,423	19,139	9,881
EBITDA Margin	33.15%	35.20%	37.53%	40.80%	42.25%	41.20%
D&A For EBITDA	9,687	9,944	9,212	9,473	11,111	5,701
EBIT	8,901	9,476	10,198	10,950	8,028	4,180
EBIT Margin	15.87%	17.18%	19.72%	21.88%	17.72%	17.43%
Effective Tax Rate	13.97%	18.26%	13.53%	12.07%	10.61%	-
Revenue as Reported	56,080	55,162	51,717	50,051	45,294	23,985

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