Dubai Investments PJSC 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
Operating Revenue	3,457	3,518	3,131	2,993	3,187
Other Revenue	311.42	284.3	270.97	88.67	166.28
Revenue	3,768	3,803	3,402	3,081	3,353
Revenue Growth (YoY)	-0.91%	11.77%	10.41%	-8.10%	21.15%
Cost of Revenue	2,089	2,309	2,026	1,969	2,274
Gross Profit	1,679	1,494	1,376	1,112	1,079
Selling, General & Admin	586.63	505.99	524.29	494.36	446.23
Operating Expenses	641.66	777.99	664.31	655.84	488.65
Operating Income	1,037	715.96	711.95	456.26	590.04
Interest Expense	-356.81	-405.6	-403.32	-252.82	-213.5
Interest & Investment Income	44.07	38.36	34.52	27.96	24.43
Currency Exchange Gain (Loss)	9.34	2.74	-6.25	12.99	14.02
Other Non Operating Income (Expenses)	71.05	71.97	55.97	104.06	117.34
EBT Excluding Unusual Items	805.08	423.43	392.87	348.44	532.33
Impairment of Goodwill	-	-	-	-10.07	-
Gain (Loss) on Sale of Assets	22.96	2.35	1.27	981.2	0.06
Asset Writedown	836.91	856.66	683.52	190.48	60.4
Other Unusual Items	-	-12.32	-9.01	54.99	19.34
Pretax Income	1,702	1,296	1,069	1,565	612.12
Income Tax Expense	154.4	114.76	19.53	-	-
Earnings From Continuing Operations	1,548	1,181	1,049	1,565	612.12
Minority Interest in Earnings	2.09	24.51	81.82	43.54	7.37
Net Income	1,550	1,205	1,131	1,609	619.49
Net Income to Common	1,550	1,205	1,131	1,609	619.49
Net Income Growth	28.60%	6.58%	-29.69%	159.66%	78.24%
Shares Outstanding (Basic)	4,252	4,252	4,252	4,252	4,252
Shares Outstanding (Diluted)	4,252	4,252	4,252	4,252	4,252
EPS (Basic)	0.36	0.28	0.27	0.38	0.15
EPS (Diluted)	0.36	0.28	0.27	0.38	0.15
EPS Growth	28.60%	6.58%	-29.69%	159.66%	78.25%
Free Cash Flow	819.37	830.18	1,207	684.5	801.13
Free Cash Flow Per Share	0.19	0.20	0.28	0.16	0.19
Dividend Per Share	0.250	0.180	0.125	0.200	0.120
Dividend Growth	38.89%	44.00%	-37.50%	66.67%	50.00%
Gross Margin	44.56%	39.29%	40.45%	36.09%	32.17%
Operating Margin	27.53%	18.83%	20.93%	14.81%	17.60%
Profit Margin	41.14%	31.70%	33.24%	52.20%	18.48%
Free Cash Flow Margin	21.75%	21.83%	35.47%	22.21%	23.89%
EBITDA	1,168	851.12	840.17	611.36	781.91
EBITDA Margin	30.99%	22.38%	24.70%	19.84%	23.32%
D&A For EBITDA	130.28	135.16	128.22	155.1	191.88
EBIT	1,037	715.96	711.95	456.26	590.04
EBIT Margin	27.53%	18.83%	20.93%	14.81%	17.60%
Effective Tax Rate	9.07%	8.86%	1.83%	-	-
Revenue as Reported	4,628	4,661	4,106	4,255	3,415

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.