DFM: DTC Income Statement

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

Millions AED. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep '24 Sep 30, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	Dec '19 Dec 31, 2019
Revenue	2,137	1,954	1,760	1,341	881.58	1,656
Revenue Growth (YoY)	12.39%	11.02%	31.18%	52.15%	-46.76%	-
Cost of Revenue	1,635	1,495	1,469	1,121	716	1,071
Gross Profit	501.84	458.57	290.91	220.82	165.57	584.96
Selling, General & Admin	107.27	79.13	65.65	65.23	297.61	407.69
Other Operating Expenses	-14.55	-16.05	-8.62	-9.7	-15.94	-26.37
Operating Expenses	119.64	112.93	73.89	76.11	317.82	395.21
Operating Income	382.2	345.65	217.02	144.71	-152.25	189.75
Interest Expense	-62.56	-16.02	-0.04	-0.39	-0.53	-0.65
Interest & Investment Income	12.79	8.35	6.23	5.4	7.27	6.8
Other Non Operating Income (Expenses)	-0.41	-0.17	-0.27	-	-0.24	-0.04
EBT Excluding Unusual Items	332.01	337.8	222.94	149.72	-145.76	195.87
Gain (Loss) on Sale of Investments	4.08	0.97	-0.02	-	-	-
Gain (Loss) on Sale of Assets	13.88	6.55	1.46	-0.22	0.34	-3.02
Pretax Income	349.97	345.33	224.38	149.51	-145.42	192.84
Net Income	325.31	345.33	224.38	149.51	-145.42	192.84
Net Income to Common	325.31	345.33	224.38	149.51	-145.42	192.84
Net Income Growth	-8.85%	53.90%	50.08%	-	-	-
Shares Outstanding (Basic)	2,498	2,500	2,500	-	-	-
Shares Outstanding (Diluted)	2,498	2,500	2,500	-	-	-
Shares Change (YoY)	-0.06%	-0.00%	-	-	-	-
EPS (Basic)	0.13	0.14	0.09	-	-	-
EPS (Diluted)	0.13	0.14	0.09	-	-	-
EPS Growth	-8.80%	53.91%	-	-	-	-
Free Cash Flow	-13.61	-622.38	173.27	24.72	-162.99	-12.18
Free Cash Flow Per Share	-0.01	-0.25	0.07	-	-	-
Dividend Per Share	0.028	0.028	-	-	-	-
Gross Margin	23.49%	23.47%	16.53%	16.46%	18.78%	35.33%
Operating Margin	17.89%	17.69%	12.33%	10.79%	-17.27%	11.46%
Profit Margin	15.22%	17.68%	12.75%	11.15%	-16.50%	11.65%
Free Cash Flow Margin	-0.64%	-31.86%	9.85%	1.84%	-18.49%	-0.74%
EBITDA	545.78	482.1	314.77	237.79	-19.82	341.55
EBITDA Margin	25.54%	24.68%	17.89%	17.73%	-2.25%	20.63%
D&A For EBITDA	163.58	136.46	97.75	93.07	132.43	151.79
EBIT	382.2	345.65	217.02	144.71	-152.25	189.75
EBIT Margin	17.89%	17.69%	12.33%	10.79%	-17.27%	11.46%
Advertising Expenses	-	1.61	0.94	2.75	3.57	-

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