Emaar Development PJSC (DFM:EMAARDEV)

United Arab Emirates · Delayed Price · Currency is AED

12.76

-0.22 (-1.69%)

Aug 27, 2026, 2:55 PM GST

Emaar Development PJSC Financials Overview

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

Millions AED. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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
Revenue	30,893	27,486	19,147	11,921	11,541	15,602
Revenue Growth	42.11%	43.55%	60.61%	3.30%	-26.03%	59.88%
Gross Profit	17,456	15,444	10,545	8,283	5,082	5,654
Operating Income	15,136	13,419	9,047	7,225	3,954	4,081
Net Income	13,122	11,316	7,633	6,629	3,808	3,244
Earnings Per Share	3.28	2.83	1.91	1.66	0.95	0.81
EPS Growth	48.01%	48.25%	15.15%	74.07%	17.38%	95.76%

Cash & Debt

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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
Cash & Investments	45,963	41,310	23,570	18,422	11,363	5,689
Total Debt	14.41	15.82	3.67	1,914	3,477	5,843
Net Cash (Debt)	45,948	41,294	23,566	16,508	7,886	-154.76
Net Cash Growth	41.86%	75.23%	42.75%	109.34%	-	-
Net Cash Per Share	11.48	10.32	5.89	4.13	1.97	-0.04

Cash Flow & CapEx

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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 Cash Flow	16,983	21,050	10,951	9,765	8,616	4,197
Capital Expenditures	-8.92	-7.52	-5	-6.14	-0.35	-0.24
Free Cash Flow	16,974	21,042	10,946	9,759	8,616	4,197
Free Cash Flow Growth	-11.51%	92.23%	12.16%	13.27%	105.28%	881.34%

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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
Gross Margin	56.51%	56.19%	55.07%	69.48%	44.03%	36.24%
Operating Margin	49.00%	48.82%	47.25%	60.60%	34.26%	26.16%
Pretax Margin	57.44%	56.37%	53.13%	71.17%	36.96%	27.13%
Profit Margin	42.48%	41.17%	39.87%	55.61%	33.00%	20.79%
FCF Margin	54.95%	76.56%	57.17%	81.86%	74.66%	26.90%

Dividends

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Aug '26 Aug 28, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Dividend Per Share	1.000	1.000	0.680	0.520	0.520
Dividend Per Share Growth	47.06%	47.06%	30.71%	0%	-
Dividend Yield	7.74%	7.10%	5.66%	8.84%	15.69%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug '26 Aug 28, 2026	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
PE Ratio	3.89	5.36	7.18	4.31	4.63	5.39
Forward PE	3.78	5.37	6.21	5.92	5.13	6.83
P/FCF Ratio	3.01	2.88	5.01	2.93	2.05	4.17
PS Ratio	1.65	2.21	2.86	2.40	1.53	1.12