DFM:EMPOWER Income Statement

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

Millions AED. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	3,395	3,260	3,035	2,793	2,464	2,255
Revenue Growth (YoY)	5.54%	7.42%	8.69%	13.34%	9.26%	3.00%
Operations & Maintenance	17.83	3.89	1.58	33.92	-	-
Selling, General & Admin	45.5	45.31	36.9	33.55	34	30.79
Depreciation & Amortization	18.62	12.14	11.41	9.09	7.51	8.35
Provision for Bad Debts	-17.02	-17.48	-	17.87	8.57	13.82
Other Operating Expenses	2,171	2,078	1,898	1,672	1,513	1,294
Total Operating Expenses	2,236	2,121	1,948	1,767	1,563	1,347
Operating Income	1,159	1,139	1,087	1,026	901.15	908.52
Interest Expense	-226.48	-248.14	-220.83	-86.69	-9.13	-11.88
Interest Income	109.1	113.18	82.3	54.1	11.63	4.62
Net Interest Expense	-117.39	-134.96	-138.53	-32.59	2.51	-7.26
Other Non-Operating Income (Expenses)	-4.82	-4.82	-5.93	-5.05	-	-
EBT Excluding Unusual Items	1,037	999.25	942.63	988.03	903.65	901.26
Asset Writedown	-0.92	-0.92	-	12.73	32.33	-
Pretax Income	1,036	998.33	942.63	1,001	935.98	901.26
Income Tax Expense	93.31	90.1	-17.45	-	-	-
Earnings From Continuing Ops.	942.94	908.24	960.09	1,001	935.98	901.26
Minority Interest in Earnings	-10.88	-11.48	-7.16	-0.19	-0.12	-0.31
Net Income	932.07	896.75	952.93	1,001	935.86	900.95
Net Income to Common	932.07	896.75	952.93	1,001	935.86	900.95
Net Income Growth	1.55%	-5.90%	-4.76%	6.91%	3.88%	3.49%
Shares Outstanding (Basic)	10,000	10,000	10,000	10,000	10,000	1,000
Shares Outstanding (Diluted)	10,000	10,000	10,000	10,000	10,000	1,000
Shares Change (YoY)	-	-	-	-	900.00%	-
EPS (Basic)	0.09	0.09	0.10	0.10	0.09	0.90
EPS (Diluted)	0.09	0.09	0.10	0.10	0.09	0.90
EPS Growth	1.55%	-5.90%	-4.76%	6.91%	-89.61%	-
Free Cash Flow	1,444	1,518	1,071	989.78	794.63	254.16
Free Cash Flow Per Share	0.14	0.15	0.11	0.10	0.08	0.25
Dividend Per Share	0.087	0.086	0.085	0.043	0.500	0.400
Dividend Growth	2.94%	1.47%	100.00%	-91.50%	25.00%	33.33%
Profit Margin	27.45%	27.50%	31.40%	35.83%	37.98%	39.95%
Free Cash Flow Margin	42.52%	46.55%	35.30%	35.44%	32.25%	11.27%
EBITDA	1,534	1,494	1,432	1,350	1,207	1,193
EBITDA Margin	45.19%	45.81%	47.18%	48.33%	48.97%	52.92%
D&A For EBITDA	374.84	354.49	345.04	323.96	305.37	284.96
EBIT	1,159	1,139	1,087	1,026	901.15	908.52
EBIT Margin	34.15%	34.93%	35.82%	36.73%	36.57%	40.29%
Effective Tax Rate	9.01%	9.03%	-	-	-	-

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