Aramex PJSC (DFM: ARMX)

Aramex PJSC 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	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	5,911	5,694	5,926	6,069	5,510	5,068
Revenue Growth (YoY)	2.25%	-3.91%	-2.35%	10.14%	8.72%	-0.35%
Cost of Revenue	4,447	4,267	4,502	4,638	3,977	3,413
Gross Profit	1,464	1,427	1,424	1,431	1,534	1,655
Selling, General & Admin	1,180	1,154	1,165	1,160	1,013	1,016
Other Operating Expenses	-29.59	-16.83	-26.17	-29.53	-14.33	-13.15
Operating Expenses	1,170	1,157	1,157	1,146	1,024	1,028
Operating Income	293.98	270.37	267.66	284.6	510.2	627.81
Interest Expense	-126.96	-128.15	-72.77	-60.09	-65.64	-79.56
Interest & Investment Income	6.68	8.37	4.93	6.41	10.45	11.36
Earnings From Equity Investments	4.03	5.57	9.2	10.23	11	4.47
Currency Exchange Gain (Loss)	-3.8	-3.8	-17.4	-14.62	-1.22	-5.78
Other Non Operating Income (Expenses)	-	-	-	-0.91	-21.3	-
EBT Excluding Unusual Items	173.93	152.36	191.62	225.61	443.49	558.3
Gain (Loss) on Sale of Assets	0.09	0.09	-4.93	2.94	-0.42	-2.35
Other Unusual Items	-	-	-	33.67	-87.72	-
Pretax Income	174.02	152.45	186.69	262.22	355.35	555.95
Income Tax Expense	37.49	22.71	25.67	81.47	108.95	79.33
Earnings From Continuing Operations	136.53	129.74	161.02	180.75	246.4	476.62
Earnings From Discontinued Operations	-0.98	-1.33	4.37	46.25	21.81	23.33
Net Income to Company	135.55	128.41	165.39	227	268.21	499.96
Minority Interest in Earnings	0.33	0.89	-0.01	-1.46	-1.56	-2.56
Net Income	135.89	129.3	165.38	225.54	266.65	497.4
Net Income to Common	135.89	129.3	165.38	225.54	266.65	497.4
Net Income Growth	16.76%	-21.82%	-26.67%	-15.42%	-46.39%	0.97%
Shares Outstanding (Basic)	1,464	1,464	1,464	1,464	1,464	1,464
Shares Outstanding (Diluted)	1,464	1,464	1,464	1,464	1,464	1,464
Shares Change (YoY)	-0.03%	-	-	-	-	-
EPS (Basic)	0.09	0.09	0.11	0.15	0.18	0.34
EPS (Diluted)	0.09	0.09	0.11	0.15	0.18	0.34
EPS Growth	16.80%	-21.82%	-26.68%	-15.42%	-46.39%	0.97%
Free Cash Flow	473.64	380.1	487.31	186.39	968.69	700.41
Free Cash Flow Per Share	0.32	0.26	0.33	0.13	0.66	0.48
Dividend Per Share	-	-	0.095	0.130	0.130	0.165
Dividend Growth	-	-	-26.69%	0%	-21.21%	0%
Gross Margin	24.77%	25.06%	24.03%	23.58%	27.83%	32.66%
Operating Margin	4.97%	4.75%	4.52%	4.69%	9.26%	12.39%
Profit Margin	2.30%	2.27%	2.79%	3.72%	4.84%	9.81%
Free Cash Flow Margin	8.01%	6.68%	8.22%	3.07%	17.58%	13.82%
EBITDA	422.29	397.55	389.39	400.97	626.04	728.41
EBITDA Margin	7.14%	6.98%	6.57%	6.61%	11.36%	14.37%
D&A For EBITDA	128.31	127.19	121.73	116.37	115.84	100.6
EBIT	293.98	270.37	267.66	284.6	510.2	627.81
EBIT Margin	4.97%	4.75%	4.52%	4.69%	9.26%	12.39%
Effective Tax Rate	21.54%	14.90%	13.75%	31.07%	30.66%	14.27%

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