ALEC Holdings PJSC Income Statement

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

Millions AED. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Revenue	14,746	12,604	8,101	6,275	3,599
Revenue Growth (YoY)	62.69%	55.58%	29.10%	74.36%	-
Cost of Revenue	13,273	11,281	7,265	5,642	3,208
Gross Profit	1,473	1,323	836.19	632.99	390.5
Selling, General & Admin	489.93	481.01	353.27	305.54	187.29
Operating Expenses	489.93	481.01	353.27	305.54	187.29
Operating Income	982.97	841.98	482.93	327.46	203.21
Interest Expense	-83.78	-76.04	-76.99	-81.71	-15
Interest & Investment Income	21.91	21.91	16.14	10.43	2.05
Earnings From Equity Investments	-1.83	-1.82	-0.03	-0.18	-2.54
Other Non Operating Income (Expenses)	28.45	24.96	-14.77	-	-
EBT Excluding Unusual Items	947.72	810.99	407.29	256	187.73
Gain (Loss) on Sale of Investments	-21.59	-20.76	-20.87	-12.58	1.24
Pretax Income	926.13	790.23	386.42	243.42	188.97
Income Tax Expense	123.08	103.14	23.51	5.09	3.23
Earnings From Continuing Operations	803.06	687.09	362.91	238.32	185.74
Minority Interest in Earnings	-1.12	-0.89	-0.49	-2.08	-1.2
Net Income	801.94	686.2	362.42	236.25	184.54
Net Income to Common	801.94	686.2	362.42	236.25	184.54
Net Income Growth	92.27%	89.34%	53.41%	28.02%	-
Shares Outstanding (Basic)	5,005	5,000	5,000	5,000	5,000
Shares Outstanding (Diluted)	5,005	5,000	5,000	5,000	5,000
EPS (Basic)	0.16	0.14	0.07	0.05	0.04
EPS (Diluted)	0.16	0.14	0.07	0.05	0.04
EPS Growth	92.09%	89.34%	53.41%	28.02%	-
Free Cash Flow	959.99	971.88	730.34	4.39	233.4
Free Cash Flow Per Share	0.19	0.19	0.15	0.00	0.05
Dividend Per Share	0.050	0.050	0.053	48507.000	5.600
Dividend Growth	-5.66%	-5.66%	-100.00%	866096.43%	-
Gross Margin	9.99%	10.50%	10.32%	10.09%	10.85%
Operating Margin	6.67%	6.68%	5.96%	5.22%	5.65%
Profit Margin	5.44%	5.44%	4.47%	3.77%	5.13%
Free Cash Flow Margin	6.51%	7.71%	9.01%	0.07%	6.49%
EBITDA	1,218	1,058	615.48	422.28	247.53
EBITDA Margin	8.26%	8.39%	7.60%	6.73%	6.88%
D&A For EBITDA	234.53	215.81	132.55	94.83	44.32
EBIT	982.97	841.98	482.93	327.46	203.21
EBIT Margin	6.67%	6.68%	5.96%	5.22%	5.65%
Effective Tax Rate	13.29%	13.05%	6.08%	2.09%	1.71%

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