DFM:GULFNAV Income Statement

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

Millions AED. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	350.21	307.54	280.88	299.5	153.39
Revenue Growth (YoY)	-3.48%	9.49%	-6.22%	95.25%	-
Cost of Revenue	149.07	129.15	110.05	90.35	55.12
Gross Profit	201.14	178.39	170.84	209.15	98.27
Selling, General & Admin	62.6	60.22	39.84	50.21	13.18
Other Operating Expenses	-	-	-	0.24	0.1
Operating Expenses	76.88	72.76	28.23	50.46	13.29
Operating Income	124.26	105.62	142.61	158.69	84.99
Interest Expense	-93.55	-86.4	-92.04	-92.16	-24.43
Currency Exchange Gain (Loss)	-0.02	-0.03	-0.04	-0.09	-0.1
Other Non Operating Income (Expenses)	2.92	-5.47	-9.73	14.03	20
EBT Excluding Unusual Items	33.64	13.74	40.81	80.47	80.46
Legal Settlements	-	-	-7.5	-	-
Pretax Income	33.64	13.74	33.31	80.47	80.46
Net Income	34.33	13.74	33.31	80.47	80.46
Net Income to Common	34.33	13.74	33.31	80.47	80.46
Net Income Growth	-76.01%	-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	7.33	31.18	151.3	138.67	-124
Free Cash Flow Per Share	-	0.01	-	-	-
Gross Margin	57.44%	58.00%	60.82%	69.83%	64.07%
Operating Margin	35.48%	34.34%	50.77%	52.99%	55.41%
Profit Margin	9.80%	4.47%	11.86%	26.87%	52.45%
Free Cash Flow Margin	2.09%	10.14%	53.86%	46.30%	-80.84%
EBITDA	183.04	152.22	184.18	203.1	110.09
EBITDA Margin	52.26%	49.49%	65.57%	67.81%	71.77%
D&A For EBITDA	58.78	46.59	41.57	44.41	25.1
EBIT	124.26	105.62	142.61	158.69	84.99
EBIT Margin	35.48%	34.34%	50.77%	52.99%	55.41%