DFM:GULFNAV 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 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	307.54	280.88	299.5	153.39
Revenue Growth (YoY)	9.49%	-6.22%	95.25%	-
Cost of Revenue	129.15	110.05	90.35	55.12
Gross Profit	178.39	170.84	209.15	98.27
Selling, General & Admin	60.22	39.84	50.21	13.18
Other Operating Expenses	-	-	0.24	0.1
Operating Expenses	72.76	28.23	50.46	13.29
Operating Income	105.62	142.61	158.69	84.99
Interest Expense	-86.4	-92.04	-92.16	-24.43
Currency Exchange Gain (Loss)	-0.03	-0.04	-0.09	-0.1
Other Non Operating Income (Expenses)	-5.47	-9.73	14.03	20
EBT Excluding Unusual Items	13.74	40.81	80.47	80.46
Legal Settlements	-	-7.5	-	-
Pretax Income	13.74	33.31	80.47	80.46
Net Income	13.74	33.31	80.47	80.46
Net Income to Common	13.74	33.31	80.47	80.46
Net Income Growth	-58.77%	-58.60%	0.02%	-
Shares Outstanding (Basic)	2,561	-	-	-
Shares Outstanding (Diluted)	2,561	-	-	-
EPS (Basic)	0.01	-	-	-
EPS (Diluted)	0.01	-	-	-
Free Cash Flow	31.18	151.3	138.67	-124
Free Cash Flow Per Share	0.01	-	-	-
Gross Margin	58.00%	60.82%	69.83%	64.07%
Operating Margin	34.34%	50.77%	52.99%	55.41%
Profit Margin	4.47%	11.86%	26.87%	52.45%
Free Cash Flow Margin	10.14%	53.86%	46.30%	-80.84%
EBITDA	152.22	184.18	203.1	110.09
EBITDA Margin	49.49%	65.57%	67.81%	71.77%
D&A For EBITDA	46.59	41.57	44.41	25.1
EBIT	105.62	142.61	158.69	84.99
EBIT Margin	34.34%	50.77%	52.99%	55.41%

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