Spinneys 1961 Holding Income Statement

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

Millions AED. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	3,226	2,871	2,630	2,523
Revenue Growth (YoY)	12.35%	9.16%	4.26%	-
Cost of Revenue	1,890	1,666	1,545	1,509
Gross Profit	1,336	1,205	1,085	1,013
Selling, General & Admin	717.53	662	593.28	551.9
Operating Expenses	973.22	894.18	811.78	762
Operating Income	362.34	311.03	273.57	251.1
Interest Expense	-50.98	-44.55	-36.38	-38.89
Interest & Investment Income	13.3	-	-	0.7
Currency Exchange Gain (Loss)	-	-	0.21	2.88
Other Non Operating Income (Expenses)	10.62	12.67	9.22	6.55
EBT Excluding Unusual Items	335.28	279.16	246.62	222.33
Impairment of Goodwill	-	-3.46	-3.04	-1.6
Gain (Loss) on Sale of Assets	1.34	4.26	2.59	1.75
Asset Writedown	-14.54	-26.65	-31.16	-29.16
Other Unusual Items	0.55	2.29	0.1	0.04
Pretax Income	322.63	255.59	215.11	193.36
Income Tax Expense	33	1.28	0.84	1.18
Earnings From Continuing Operations	289.63	254.32	214.27	192.18
Minority Interest in Earnings	14.65	1.84	-	-
Net Income	304.27	256.15	214.27	192.18
Net Income to Common	304.27	256.15	214.27	192.18
Net Income Growth	18.79%	19.55%	11.50%	-
Shares Outstanding (Basic)	3,600	3,600	-	-
Shares Outstanding (Diluted)	3,600	3,600	-	-
EPS (Basic)	0.08	0.07	-	-
EPS (Diluted)	0.08	0.07	-	-
EPS Growth	18.79%	-	-	-
Free Cash Flow	472.6	682.11	307.28	399.31
Free Cash Flow Per Share	0.13	0.19	-	-
Dividend Per Share	0.057	0.055	-	-
Dividend Growth	2.73%	-	-	-
Gross Margin	41.40%	41.98%	41.27%	40.16%
Operating Margin	11.23%	10.83%	10.40%	9.95%
Profit Margin	9.43%	8.92%	8.15%	7.62%
Free Cash Flow Margin	14.65%	23.76%	11.68%	15.83%
EBITDA	451.23	366.7	328.22	305.88
EBITDA Margin	13.99%	12.77%	12.48%	12.13%
D&A For EBITDA	88.9	55.67	54.65	54.78
EBIT	362.34	311.03	273.57	251.1
EBIT Margin	11.23%	10.83%	10.40%	9.95%
Effective Tax Rate	10.23%	0.50%	0.39%	0.61%
Revenue as Reported	3,226	2,871	2,630	2,523

Updated Feb 11, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.