DFM:EMPOWER Income Statement

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

Millions AED. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	3,419	3,260	3,035	2,793	2,464
Revenue Growth (YoY)	4.87%	7.42%	8.69%	13.34%	9.26%
Operations & Maintenance	47.58	25.43	1.58	33.92	-
Selling, General & Admin	50.46	45.31	36.9	33.55	34
Depreciation & Amortization	20.86	12.14	11.41	9.09	7.51
Provision for Bad Debts	-16.14	-17.48	-	17.87	8.57
Other Operating Expenses	2,097	2,056	1,898	1,672	1,513
Total Operating Expenses	2,200	2,121	1,948	1,767	1,563
Operating Income	1,220	1,139	1,087	1,026	901.15
Interest Expense	-224.7	-248.14	-220.83	-86.69	-9.13
Interest Income	113.65	113.18	82.3	54.1	11.63
Net Interest Expense	-111.04	-134.96	-138.53	-32.59	2.51
Other Non-Operating Income (Expenses)	-5.3	-4.82	-5.93	-5.05	-
EBT Excluding Unusual Items	1,103	999.25	942.63	988.03	903.65
Asset Writedown	-	-0.92	-	12.73	32.33
Pretax Income	1,103	998.33	942.63	1,001	935.98
Income Tax Expense	99.23	90.1	-17.45	-	-
Earnings From Continuing Ops.	1,004	908.24	960.09	1,001	935.98
Minority Interest in Earnings	-10.63	-11.48	-7.16	-0.19	-0.12
Net Income	993.3	896.75	952.93	1,001	935.86
Net Income to Common	993.3	896.75	952.93	1,001	935.86
Net Income Growth	10.77%	-5.90%	-4.76%	6.91%	3.88%
Shares Outstanding (Basic)	10,000	10,000	10,000	10,000	10,000
Shares Outstanding (Diluted)	10,000	10,000	10,000	10,000	10,000
Shares Change (YoY)	-	-	-	-	900.00%
EPS (Basic)	0.10	0.09	0.10	0.10	0.09
EPS (Diluted)	0.10	0.09	0.10	0.10	0.09
EPS Growth	10.77%	-5.90%	-4.76%	6.91%	-89.61%
Free Cash Flow	1,422	1,518	1,071	989.78	794.63
Free Cash Flow Per Share	0.14	0.15	0.11	0.10	0.08
Dividend Per Share	-	0.086	0.085	0.043	0.500
Dividend Growth	-	1.47%	100.00%	-91.50%	25.00%
Profit Margin	29.05%	27.50%	31.40%	35.83%	37.98%
Free Cash Flow Margin	41.59%	46.55%	35.30%	35.44%	32.25%
EBITDA	1,590	1,494	1,432	1,350	1,207
EBITDA Margin	46.51%	45.81%	47.18%	48.33%	48.97%
D&A For EBITDA	370.67	354.49	345.04	323.96	305.37
EBIT	1,220	1,139	1,087	1,026	901.15
EBIT Margin	35.66%	34.93%	35.82%	36.73%	36.57%
Effective Tax Rate	9.00%	9.03%	-	-	-

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