DFM:BHMCAPITAL Income Statement

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

Millions AED. 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
Interest and Dividend Income	1.22	2.84	0.27	0.12	0.05
Total Interest Expense	64.18	34.73	10.05	2.91	0.64
Net Interest Income	-62.96	-31.89	-9.78	-2.79	-0.59
Brokerage Commission	65.71	55.84	77.49	53.15	41.15
Trading & Principal Transactions	103.31	85.63	46.28	22.04	16.68
Gain on Sale of Investments (Rev)	21.38	4.23	4.81	5.05	2.73
Other Revenue	12.81	12.52	3.59	3.69	3.41
Revenue	140.24	126.34	122.39	81.15	63.38
Revenue Growth (YoY)	11.00%	3.23%	50.82%	28.03%	61.26%
Salaries & Employee Benefits	61.86	59.56	61.4	38.91	31.84
Cost of Services Provided	29.56	26.45	28.8	20.92	12.69
Total Operating Expenses	94.44	86.75	91.33	62.61	51.73
Operating Income	45.79	39.59	31.06	18.54	11.65
Currency Exchange Gains	1.52	1.56	4.28	1.23	1.34
EBT Excluding Unusual Items	47.31	41.15	35.34	19.76	12.99
Asset Writedown	0.05	-	-	-	-
Pretax Income	47.36	41.15	35.34	19.82	12.99
Income Tax Expense	4.28	3.67	-	-	-
Net Income	43.08	37.48	35.34	19.82	12.99
Net Income to Common	43.08	37.48	35.34	19.82	12.99
Net Income Growth	14.94%	6.04%	78.30%	52.65%	125.01%
Shares Outstanding (Basic)	282	227	212	220	230
Shares Outstanding (Diluted)	282	227	212	220	230
Shares Change (YoY)	24.32%	6.73%	-3.60%	-4.24%	-69.24%
EPS (Basic)	0.15	0.17	0.17	0.09	0.06
EPS (Diluted)	0.15	0.17	0.17	0.09	0.06
EPS Growth	-7.55%	-0.65%	84.97%	59.41%	631.61%
Free Cash Flow	49.59	49.85	-299.8	-15.35	3.82
Free Cash Flow Per Share	0.18	0.22	-1.41	-0.07	0.02
Dividend Per Share	0.043	-	0.058	-	-
Operating Margin	32.66%	31.33%	25.38%	22.85%	18.38%
Profit Margin	30.72%	29.67%	28.88%	24.43%	20.49%
Free Cash Flow Margin	35.36%	39.45%	-244.95%	-18.92%	6.02%
Effective Tax Rate	9.04%	8.92%	-	-	-
Revenue as Reported	205.98	162.63	136.73	85.34	65.36

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