DFM:NCC Income Statement

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

Millions AED. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	217.42	175.74	187.92	137	147.47	183.09
Revenue Growth (YoY)	16.85%	-6.48%	37.17%	-7.10%	-19.45%	-4.03%
Cost of Revenue	192.85	173.48	187.63	161.75	176.46	212.2
Gross Profit	24.58	2.26	0.29	-24.75	-29	-29.12
Selling, General & Admin	27.6	28.11	58.6	33.64	30.75	34.41
Other Operating Expenses	-12.1	-11.19	-8.89	-10.1	-11.7	-18.01
Operating Expenses	15.5	16.91	49.71	23.54	-15.52	16.4
Operating Income	9.07	-14.66	-49.41	-48.29	-13.48	-45.51
Interest Expense	-0.05	-0.5	-5.48	-4.13	-3.27	-8
Interest & Investment Income	173.96	145.86	118.94	27.84	57.42	69.47
Other Non Operating Income (Expenses)	0.44	-	-	-	-	-
EBT Excluding Unusual Items	183.42	130.71	64.04	-24.58	40.68	15.96
Gain (Loss) on Sale of Investments	0.79	3.87	-1.81	-4.14	8.28	-19.38
Gain (Loss) on Sale of Assets	-	-	-	-	0.02	0.03
Pretax Income	184.21	134.58	62.23	-28.72	48.97	-3.39
Income Tax Expense	2.28	-0.28	-	-	-	-
Net Income	181.93	134.86	62.23	-28.72	48.97	-3.39
Net Income to Common	181.93	134.86	62.23	-28.72	48.97	-3.39
Net Income Growth	23.55%	116.70%	-	-	-	-
Shares Outstanding (Basic)	359	359	359	359	359	359
Shares Outstanding (Diluted)	359	359	359	359	359	359
EPS (Basic)	0.51	0.38	0.17	-0.08	0.14	-0.01
EPS (Diluted)	0.51	0.38	0.17	-0.08	0.14	-0.01
EPS Growth	23.55%	116.70%	-	-	-	-
Free Cash Flow	28.59	0.77	-22.02	-92.03	-14.23	23.1
Free Cash Flow Per Share	0.08	0.00	-0.06	-0.26	-0.04	0.06
Dividend Per Share	0.200	0.200	0.150	-	0.100	-
Dividend Growth	33.33%	33.33%	-	-	-	-
Gross Margin	11.30%	1.29%	0.15%	-18.07%	-19.66%	-15.90%
Operating Margin	4.17%	-8.34%	-26.30%	-35.25%	-9.14%	-24.86%
Profit Margin	83.67%	76.74%	33.12%	-20.96%	33.21%	-1.85%
Free Cash Flow Margin	13.15%	0.44%	-11.72%	-67.18%	-9.65%	12.62%
EBITDA	27.4	3.94	-31.11	-30.02	4.6	-26.84
EBITDA Margin	12.60%	2.24%	-16.55%	-21.92%	3.12%	-14.66%
D&A For EBITDA	18.32	18.6	18.3	18.27	18.07	18.67
EBIT	9.07	-14.66	-49.41	-48.29	-13.48	-45.51
EBIT Margin	4.17%	-8.34%	-26.30%	-35.25%	-9.14%	-24.86%

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