EMPOWER 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	Jun '24 Jun 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	3,162	3,035	2,793	2,464	2,255	2,189
Revenue Growth (YoY)	10.44%	8.69%	13.34%	9.26%	3.00%	-
Operations & Maintenance	29.96	29.96	33.92	-	-	-
Selling, General & Admin	42.25	36.9	33.55	34	30.79	32.54
Depreciation & Amortization	11.04	11.41	9.09	7.51	8.35	9.59
Provision for Bad Debts	-0.46	-	17.87	8.57	13.82	0.35
Other Operating Expenses	1,965	1,870	1,672	1,513	1,294	1,263
Total Operating Expenses	2,048	1,948	1,767	1,563	1,347	1,306
Operating Income	1,114	1,087	1,026	901.15	908.52	883.55
Interest Expense	-233	-220.83	-86.69	-9.13	-11.88	-19.77
Interest Income	93.06	82.3	54.1	11.63	4.62	7.23
Net Interest Expense	-139.93	-138.53	-32.59	2.51	-7.26	-12.54
Income (Loss) on Equity Investments	-	-	-	-	-	0.12
Other Non-Operating Income (Expenses)	-5.93	-5.93	-5.05	-	-	-
EBT Excluding Unusual Items	967.83	942.63	988.03	903.65	901.26	871.14
Asset Writedown	-	-	12.73	32.33	-	-
Pretax Income	967.83	942.63	1,001	935.98	901.26	871.14
Income Tax Expense	21.17	-17.45	-	-	-	-
Earnings From Continuing Ops.	946.66	960.09	1,001	935.98	901.26	871.14
Minority Interest in Earnings	-11.96	-7.16	-0.19	-0.12	-0.31	-0.53
Net Income	934.7	952.93	1,001	935.86	900.95	870.6
Net Income to Common	934.7	952.93	1,001	935.86	900.95	870.6
Net Income Growth	-3.81%	-4.76%	6.91%	3.87%	3.49%	-
Shares Outstanding (Basic)	10,000	10,000	10,000	10,000	1,000	-
Shares Outstanding (Diluted)	10,000	10,000	10,000	10,000	1,000	-
Shares Change (YoY)	-	-	-	900.00%	-	-
EPS (Basic)	0.09	0.10	0.10	0.09	0.90	-
EPS (Diluted)	0.09	0.10	0.10	0.09	0.90	-
EPS Growth	-3.81%	-4.76%	6.91%	-89.61%	-	-
Free Cash Flow	1,333	1,071	989.78	794.63	254.16	346.02
Free Cash Flow Per Share	0.13	0.11	0.10	0.08	0.25	-
Dividend Per Share	0.043	0.085	0.043	0.500	0.400	0.300
Dividend Growth	-50.00%	100.00%	-91.50%	25.00%	33.33%	-
Profit Margin	29.56%	31.40%	35.83%	37.98%	39.95%	39.77%
Free Cash Flow Margin	42.15%	35.30%	35.44%	32.25%	11.27%	15.80%
EBITDA	1,451	1,432	1,350	1,207	1,193	1,139
EBITDA Margin	45.88%	47.18%	48.33%	48.97%	52.92%	52.01%
D&A For EBITDA	336.97	345.04	323.96	305.37	284.96	255.05
EBIT	1,114	1,087	1,026	901.15	908.52	883.55
EBIT Margin	35.22%	35.82%	36.73%	36.57%	40.29%	40.36%

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