Dubai Refreshment (P.J.S.C.) (DFM: DRC)

DRC 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
Revenue	808.51	803.07	752.17	669.71	564.45	635.88
Revenue Growth (YoY)	2.38%	6.77%	12.31%	18.65%	-11.23%	6.69%
Cost of Revenue	523.94	518.21	491.94	422.16	366.69	411.98
Gross Profit	284.57	284.86	260.23	247.55	197.76	223.9
Selling, General & Admin	184.93	179.19	165.32	154.15	144.77	159.55
Other Operating Expenses	-8.64	-8.18	-9.18	-7.55	-7.72	-8.73
Operating Expenses	177.33	172.8	159.88	150.29	141.04	155.05
Operating Income	107.23	112.06	100.35	97.27	56.73	68.85
Interest Expense	-3.16	-3.56	-3.77	-4.1	-4.62	-6.09
Interest & Investment Income	23.32	17.16	6.32	4.08	3.94	5.57
Other Non Operating Income (Expenses)	14.71	15.92	2.75	-0.45	0.82	-0.97
EBT Excluding Unusual Items	142.1	141.59	105.65	96.8	56.87	67.36
Gain (Loss) on Sale of Assets	0.09	220.19	-	-	-	-
Pretax Income	142.2	361.78	105.65	96.8	56.87	67.36
Net Income	132.49	361.78	105.65	96.8	56.87	67.36
Preferred Dividends & Other Adjustments	5.22	4.22	4.2	4.2	4.2	4.2
Net Income to Common	127.27	357.56	101.45	92.6	52.67	63.16
Net Income Growth	-62.50%	242.43%	9.15%	70.21%	-15.57%	59.27%
Shares Outstanding (Basic)	90	90	90	90	90	90
Shares Outstanding (Diluted)	90	90	90	90	90	90
EPS (Basic)	1.41	3.97	1.13	1.03	0.59	0.70
EPS (Diluted)	1.41	3.97	1.13	1.03	0.59	0.70
EPS Growth	-63.54%	252.45%	9.56%	75.81%	-16.61%	64.01%
Free Cash Flow	159.95	121.59	197.4	112.36	100.47	124.87
Free Cash Flow Per Share	1.78	1.35	2.19	1.25	1.12	1.39
Dividend Per Share	0.800	0.800	0.700	0.700	0.700	0.700
Dividend Growth	14.29%	14.29%	0%	0%	0%	49.89%
Gross Margin	35.20%	35.47%	34.60%	36.96%	35.04%	35.21%
Operating Margin	13.26%	13.95%	13.34%	14.52%	10.05%	10.83%
Profit Margin	15.74%	44.52%	13.49%	13.83%	9.33%	9.93%
Free Cash Flow Margin	19.78%	15.14%	26.24%	16.78%	17.80%	19.64%
EBITDA	147.97	152.67	142.81	144	104.9	118.22
EBITDA Margin	18.30%	19.01%	18.99%	21.50%	18.58%	18.59%
D&A For EBITDA	40.74	40.61	42.46	46.73	48.17	49.37
EBIT	107.23	112.06	100.35	97.27	56.73	68.85
EBIT Margin	13.26%	13.95%	13.34%	14.52%	10.05%	10.83%

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