DFM:NCC 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	251.68	175.74	187.92	137	147.47
Revenue Growth (YoY)	43.21%	-6.48%	37.17%	-7.10%	-19.45%
Cost of Revenue	208.14	176.24	187.63	161.75	176.46
Gross Profit	43.54	-0.5	0.29	-24.75	-29
Selling, General & Admin	26.08	25.35	58.6	33.64	30.75
Other Operating Expenses	-15.21	-11.19	-8.89	-10.1	-11.7
Operating Expenses	10.87	14.16	49.71	23.54	-15.52
Operating Income	32.67	-14.66	-49.41	-48.29	-13.48
Interest Expense	-0.06	-0.5	-5.48	-4.13	-3.27
Interest & Investment Income	174.98	145.86	118.94	27.84	57.42
EBT Excluding Unusual Items	207.6	130.71	64.04	-24.58	40.68
Gain (Loss) on Sale of Investments	0.83	3.87	-1.81	-4.14	8.28
Gain (Loss) on Sale of Assets	-	-	-	-	0.02
Pretax Income	208.42	134.58	62.23	-28.72	48.97
Income Tax Expense	4.66	-0.28	-	-	-
Net Income	203.76	134.86	62.23	-28.72	48.97
Net Income to Common	203.76	134.86	62.23	-28.72	48.97
Net Income Growth	51.09%	116.70%	-	-	-
Shares Outstanding (Basic)	359	359	359	359	359
Shares Outstanding (Diluted)	359	359	359	359	359
EPS (Basic)	0.57	0.38	0.17	-0.08	0.14
EPS (Diluted)	0.57	0.38	0.17	-0.08	0.14
EPS Growth	51.09%	116.70%	-	-	-
Free Cash Flow	36.14	0.77	-22.02	-92.03	-14.23
Free Cash Flow Per Share	0.10	0.00	-0.06	-0.26	-0.04
Dividend Per Share	-	0.200	0.150	-	0.100
Dividend Growth	-	33.33%	-	-	-
Gross Margin	17.30%	-0.28%	0.15%	-18.07%	-19.66%
Operating Margin	12.98%	-8.34%	-26.30%	-35.25%	-9.14%
Profit Margin	80.96%	76.74%	33.12%	-20.96%	33.21%
Free Cash Flow Margin	14.36%	0.44%	-11.72%	-67.18%	-9.65%
EBITDA	50.98	3.94	-31.11	-30.02	4.6
EBITDA Margin	20.25%	2.24%	-16.55%	-21.92%	3.12%
D&A For EBITDA	18.31	18.6	18.3	18.27	18.07
EBIT	32.67	-14.66	-49.41	-48.29	-13.48
EBIT Margin	12.98%	-8.34%	-26.30%	-35.25%	-9.14%
Effective Tax Rate	2.24%	-	-	-	-

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