DFM:NCC 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 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	269.81	251.68	175.74	187.92	137	147.47
Revenue Growth (YoY)	56.83%	43.21%	-6.48%	37.17%	-7.10%	-19.45%
Cost of Revenue	210.29	208.14	176.24	187.63	161.75	176.46
Gross Profit	59.52	43.54	-0.5	0.29	-24.75	-29
Selling, General & Admin	25.99	26.08	25.35	58.6	33.64	30.75
Other Operating Expenses	-15.34	-15.21	-11.19	-8.89	-10.1	-11.7
Operating Expenses	10.65	10.87	14.16	49.71	23.54	-15.52
Operating Income	48.87	32.67	-14.66	-49.41	-48.29	-13.48
Interest Expense	-1.54	-0.06	-0.5	-5.48	-4.13	-3.27
Interest & Investment Income	97.74	174.98	145.86	118.94	27.84	57.42
Other Non Operating Income (Expenses)	-18.69	-	-	-	-	-
EBT Excluding Unusual Items	126.37	207.6	130.71	64.04	-24.58	40.68
Gain (Loss) on Sale of Investments	0.83	0.83	3.87	-1.81	-4.14	8.28
Gain (Loss) on Sale of Assets	-	-	-	-	-	0.02
Pretax Income	127.19	208.42	134.58	62.23	-28.72	48.97
Income Tax Expense	5.34	4.66	-0.28	-	-	-
Net Income	121.85	203.76	134.86	62.23	-28.72	48.97
Net Income to Common	121.85	203.76	134.86	62.23	-28.72	48.97
Net Income Growth	-25.02%	51.09%	116.70%	-	-	-
Shares Outstanding (Basic)	359	359	359	359	359	359
Shares Outstanding (Diluted)	359	359	359	359	359	359
EPS (Basic)	0.34	0.57	0.38	0.17	-0.08	0.14
EPS (Diluted)	0.34	0.57	0.38	0.17	-0.08	0.14
EPS Growth	-25.00%	51.09%	116.70%	-	-	-
Free Cash Flow	44.27	36.14	0.77	-22.02	-92.03	-14.23
Free Cash Flow Per Share	0.12	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	22.06%	17.30%	-0.28%	0.15%	-18.07%	-19.66%
Operating Margin	18.11%	12.98%	-8.34%	-26.30%	-35.25%	-9.14%
Profit Margin	45.16%	80.96%	76.74%	33.12%	-20.96%	33.21%
Free Cash Flow Margin	16.41%	14.36%	0.44%	-11.72%	-67.18%	-9.65%
EBITDA	67.43	50.98	3.94	-31.11	-30.02	4.6
EBITDA Margin	24.99%	20.25%	2.24%	-16.55%	-21.92%	3.12%
D&A For EBITDA	18.57	18.31	18.6	18.3	18.27	18.07
EBIT	48.87	32.67	-14.66	-49.41	-48.29	-13.48
EBIT Margin	18.11%	12.98%	-8.34%	-26.30%	-35.25%	-9.14%
Effective Tax Rate	4.20%	2.24%	-	-	-	-

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