DFM:ERC 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	191.68	143.62	54.63	31.87	22.97
Revenue Growth (YoY)	33.47%	162.89%	71.44%	38.73%	-7.22%
Cost of Revenue	151.96	109.85	36.57	22.35	13.94
Gross Profit	39.72	33.77	18.06	9.52	9.02
Selling, General & Admin	37.87	23.53	16.86	13.56	15.91
Operating Expenses	37.87	23.53	16.86	13.7	16.33
Operating Income	1.85	10.24	1.19	-4.18	-7.31
Interest Expense	-0.48	-0.41	-0.52	-0.6	-0.47
Interest & Investment Income	5.08	11.25	10.28	4.02	0.21
Other Non Operating Income (Expenses)	-1.04	-0.22	-0.27	-1.43	2.42
EBT Excluding Unusual Items	5.41	20.86	10.68	-2.19	-5.15
Gain (Loss) on Sale of Investments	4.35	-10.28	-11.71	28.96	7.28
Gain (Loss) on Sale of Assets	0.08	0.02	-	-	0.02
Asset Writedown	-	-	-0.1	-	-0.28
Pretax Income	9.85	10.59	-1.14	26.77	1.87
Income Tax Expense	1.05	0.56	0.38	-	-
Earnings From Continuing Operations	8.79	10.03	-1.51	26.77	1.87
Earnings From Discontinued Operations	-	-	-2.22	-1.37	-
Net Income to Company	8.79	10.03	-3.73	25.4	1.87
Minority Interest in Earnings	-0.1	-0.1	-	-	-
Net Income	8.69	9.93	-3.73	25.4	1.87
Net Income to Common	8.69	9.93	-3.73	25.4	1.87
Net Income Growth	-12.40%	-	-	1257.41%	-
Shares Outstanding (Basic)	320	320	320	172	30
Shares Outstanding (Diluted)	320	320	320	172	30
Shares Change (YoY)	-	-	86.24%	472.50%	-
EPS (Basic)	0.03	0.03	-0.01	0.15	0.06
EPS (Diluted)	0.03	0.03	-0.01	0.15	0.06
EPS Growth	-12.40%	-	-	137.10%	-
Free Cash Flow	-101.13	-30.33	-0.1	-7.33	-3.17
Free Cash Flow Per Share	-0.32	-0.10	-	-0.04	-0.11
Gross Margin	20.72%	23.52%	33.05%	29.87%	39.29%
Operating Margin	0.97%	7.13%	2.18%	-13.11%	-31.83%
Profit Margin	4.54%	6.91%	-6.83%	79.71%	8.15%
Free Cash Flow Margin	-52.76%	-21.12%	-0.18%	-23.00%	-13.80%
EBITDA	8.49	14.73	4.28	-2.45	-5.6
EBITDA Margin	4.43%	10.26%	7.84%	-7.69%	-24.38%
D&A For EBITDA	6.64	4.49	3.09	1.73	1.71
EBIT	1.85	10.24	1.19	-4.18	-7.31
EBIT Margin	0.97%	7.13%	2.18%	-13.11%	-31.83%
Effective Tax Rate	10.67%	5.32%	-	-	-
Revenue as Reported	191.68	143.62	54.63	31.87	22.97

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