Spinneys 1961 Holding 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
Period Ending	Mar '25 Mar 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	3,317	3,226	2,871	2,630	2,523
Revenue Growth (YoY)	12.41%	12.35%	9.16%	4.26%	-
Cost of Revenue	1,943	1,890	1,666	1,545	1,509
Gross Profit	1,375	1,336	1,205	1,085	1,013
Selling, General & Admin	728.3	717.53	662	593.28	551.9
Operating Expenses	996.02	973.22	894.18	811.78	762
Operating Income	378.65	362.34	311.03	273.57	251.1
Interest Expense	-52.83	-50.98	-44.55	-36.38	-38.89
Interest & Investment Income	16.78	13.3	-	-	0.7
Currency Exchange Gain (Loss)	-	-	-	0.21	2.88
Other Non Operating Income (Expenses)	13.41	10.62	12.67	9.22	6.55
EBT Excluding Unusual Items	356.02	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	1.34	4.26	2.59	1.75
Asset Writedown	-16.1	-14.54	-26.65	-31.16	-29.16
Other Unusual Items	0.55	0.55	2.29	0.1	0.04
Pretax Income	341.81	322.63	255.59	215.11	193.36
Income Tax Expense	41.7	33	1.28	0.84	1.18
Earnings From Continuing Operations	300.11	289.63	254.32	214.27	192.18
Minority Interest in Earnings	15.55	14.65	1.84	-	-
Net Income	315.66	304.27	256.15	214.27	192.18
Net Income to Common	315.66	304.27	256.15	214.27	192.18
Net Income Growth	18.15%	18.79%	19.55%	11.50%	-
Shares Outstanding (Basic)	3,600	3,600	3,600	-	-
Shares Outstanding (Diluted)	3,600	3,600	3,600	-	-
EPS (Basic)	0.09	0.08	0.07	-	-
EPS (Diluted)	0.09	0.08	0.07	-	-
EPS Growth	18.15%	18.79%	-	-	-
Free Cash Flow	474.29	472.6	682.11	307.28	399.31
Free Cash Flow Per Share	0.13	0.13	0.19	-	-
Dividend Per Share	0.057	0.057	0.055	-	-
Dividend Growth	2.73%	2.73%	-	-	-
Gross Margin	41.44%	41.40%	41.98%	41.27%	40.16%
Operating Margin	11.41%	11.23%	10.83%	10.40%	9.95%
Profit Margin	9.52%	9.43%	8.92%	8.15%	7.62%
Free Cash Flow Margin	14.30%	14.65%	23.76%	11.68%	15.83%
EBITDA	475.39	451.23	366.7	328.22	305.88
EBITDA Margin	14.33%	13.99%	12.77%	12.48%	12.13%
D&A For EBITDA	96.73	88.9	55.67	54.65	54.78
EBIT	378.65	362.34	311.03	273.57	251.1
EBIT Margin	11.41%	11.23%	10.83%	10.40%	9.95%
Effective Tax Rate	12.20%	10.23%	0.50%	0.39%	0.61%
Revenue as Reported	3,317	3,226	2,871	2,630	2,523

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