Jordanian Duty Free Shops Income Statement

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

Millions JOD. 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	101.36	80.48	66.82	55.95	27.44
Revenue Growth (YoY)	25.95%	20.43%	19.42%	103.91%	4.48%
Cost of Revenue	68.42	49.48	41.49	33.53	16.98
Gross Profit	32.94	31	25.33	22.43	10.46
Selling, General & Admin	21.9	14.28	12.93	9.37	7.78
Amortization of Goodwill & Intangibles	-	1.77	1.77	1.18	-
Other Operating Expenses	-	2.49	1.75	1.98	0.48
Operating Expenses	21.9	20.82	18.51	14.16	10.51
Operating Income	11.04	10.18	6.82	8.27	-0.04
Interest Expense	-0.35	-1.54	-1.58	-1.12	-0.54
Interest & Investment Income	-	0.83	1.05	0.95	0.49
Earnings From Equity Investments	-	-0.5	-	-	-
Other Non Operating Income (Expenses)	0	1.81	1.73	0.69	0.46
EBT Excluding Unusual Items	10.7	10.78	8.02	8.78	0.37
Gain (Loss) on Sale of Assets	-	0.02	0.04	0.01	0.03
Other Unusual Items	-	-0.09	-	-	-
Pretax Income	10.7	10.72	8.06	8.8	0.4
Income Tax Expense	0.28	0.35	0.48	0.36	0.24
Net Income	10.42	10.37	7.57	8.44	0.16
Net Income to Common	10.42	10.37	7.57	8.44	0.16
Net Income Growth	0.51%	36.90%	-10.29%	5125.12%	-24.26%
Shares Outstanding (Basic)	23	23	23	23	23
Shares Outstanding (Diluted)	23	23	23	23	23
EPS (Basic)	0.46	0.46	0.34	0.38	0.01
EPS (Diluted)	0.46	0.46	0.34	0.38	0.01
EPS Growth	0.51%	36.90%	-10.29%	5125.24%	-24.26%
Free Cash Flow	-	14.6	7.39	9.9	11.35
Free Cash Flow Per Share	-	0.65	0.33	0.44	0.50
Dividend Per Share	-	0.370	0.500	0.600	0.200
Dividend Growth	-	-26.00%	-16.67%	200.00%	100.00%
Gross Margin	32.50%	38.52%	37.91%	40.08%	38.13%
Operating Margin	10.90%	12.65%	10.21%	14.77%	-0.16%
Profit Margin	10.28%	12.88%	11.33%	15.09%	0.59%
Free Cash Flow Margin	-	18.14%	11.05%	17.70%	41.36%
EBITDA	14.33	13.43	9.96	10.4	1.36
EBITDA Margin	14.14%	16.69%	14.91%	18.58%	4.96%
D&A For EBITDA	3.29	3.25	3.14	2.13	1.41
EBIT	11.04	10.18	6.82	8.27	-0.04
EBIT Margin	10.90%	12.65%	10.21%	14.77%	-0.16%
Effective Tax Rate	2.62%	3.25%	6.00%	4.06%	59.78%
Revenue as Reported	-	80.48	66.82	55.95	27.44
Advertising Expenses	-	0.59	0.46	0.19	0.25

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