Al Ramz Corporation Investment and Development P.J.S.C. (DFM:ALRAMZ)

DFM:ALRAMZ Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest and Dividend Income	69.42	57.44	34.65	27	32.81	43.39
Total Interest Expense	21.41	11.18	5.26	4.94	6.04	8.73
Net Interest Income	48	46.26	29.39	22.06	26.77	34.65
Brokerage Commission	24.68	32.76	42.81	43.55	15.84	13.26
Underwriting & Investment Banking Fee	24.87	20.05	37.52	34.03	27.35	14.57
Gain on Sale of Investments (Rev)	12.76	19.61	-6.3	25.25	-31.01	-16.72
Revenue Before Loan Losses	110.31	118.68	103.42	124.89	38.95	45.77
Provision for Loan Losses	0.15	0.16	0.37	3.94	7.16	0.23
Revenue	110.17	118.53	103.05	120.95	31.79	45.53
Revenue Growth (YoY)	5.67%	15.02%	-14.80%	280.52%	-30.19%	-12.03%
Salaries & Employee Benefits	-3.05	-	-	-	-	28.63
Cost of Services Provided	84.15	78.5	70.55	66.43	42.66	10.47
Total Operating Expenses	81.65	78.5	70.55	66.43	42.66	41.46
Operating Income	28.52	40.03	32.49	54.52	-10.87	4.08
Pretax Income	28.52	40.03	32.49	54.52	-10.87	4.08
Income Tax Expense	1.27	0.35	-	-	-	-
Net Income	27.25	39.67	32.49	54.52	-10.87	4.08
Net Income to Common	27.25	39.67	32.49	54.52	-10.87	4.08
Net Income Growth	6.98%	22.10%	-40.40%	-	-	21.71%
Shares Outstanding (Basic)	550	550	502	520	550	550
Shares Outstanding (Diluted)	550	550	502	520	550	550
Shares Change (YoY)	9.48%	9.48%	-3.48%	-5.36%	-	-
EPS (Basic)	0.05	0.07	0.06	0.10	-0.02	0.01
EPS (Diluted)	0.05	0.07	0.06	0.10	-0.02	0.01
EPS Growth	-2.29%	11.52%	-38.25%	-	-	21.71%
Free Cash Flow	-36.23	-153.82	-48.02	81.15	311.26	89.72
Free Cash Flow Per Share	-0.07	-0.28	-0.10	0.16	0.57	0.16
Dividend Per Share	0.060	0.060	0.060	0.060	-	-
Operating Margin	25.89%	33.77%	31.53%	45.07%	-34.20%	8.95%
Profit Margin	24.74%	33.47%	31.53%	45.07%	-34.20%	8.95%
Free Cash Flow Margin	-32.89%	-129.78%	-46.60%	67.09%	979.26%	197.06%
Effective Tax Rate	4.44%	0.88%	-	-	-	-

Updated Nov 4, 2024. Source: S&P Global Market Intelligence. Capital Markets template. Financial Sources.