DFM:UPP 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
Operating Revenue	736.88	528.75	508.01	419.19	398.7
Revenue	736.88	528.75	508.01	419.19	398.7
Revenue Growth (YoY)	39.36%	4.08%	21.19%	5.14%	315.50%
Cost of Revenue	622.85	426.12	404.33	347.48	330.87
Gross Profit	114.03	102.63	103.68	71.71	67.83
Selling, General & Admin	168	124.49	94.42	73.27	133.02
Other Operating Expenses	-33.64	-46.63	-30.66	-16.64	-13.07
Operating Expenses	159.5	99.26	72.56	63.89	119.95
Operating Income	-45.47	3.37	31.13	7.81	-52.12
Interest Expense	-27.48	-29.33	-111.22	-73.78	-76.17
Interest & Investment Income	2.94	0.28	1.72	-	2.02
Earnings From Equity Investments	-2.31	-10.77	-59.41	-5.09	-2.96
Currency Exchange Gain (Loss)	-	14.4	9.15	-	-
Other Non Operating Income (Expenses)	6.24	-2.33	-2.86	-1.05	-149.28
EBT Excluding Unusual Items	-66.07	-24.39	-131.49	-72.1	-278.51
Merger & Restructuring Charges	-2.7	-	-	-	-
Gain (Loss) on Sale of Assets	288.85	158.47	70.42	2.43	370.33
Asset Writedown	275.49	166.35	505.88	26	-1,109
Legal Settlements	3	-	-	-	-
Other Unusual Items	9.84	3.71	392.82	73.66	50.73
Pretax Income	508.41	304.15	837.62	29.98	-966.76
Income Tax Expense	45.95	28.51	-	-	-
Net Income	462.46	275.64	837.62	29.98	-966.76
Net Income to Common	462.46	275.64	837.62	29.98	-966.76
Net Income Growth	67.78%	-67.09%	2693.92%	-	-
Shares Outstanding (Basic)	4,290	4,290	4,290	4,290	4,290
Shares Outstanding (Diluted)	4,290	4,290	4,290	4,290	4,290
EPS (Basic)	0.11	0.06	0.20	0.01	-0.23
EPS (Diluted)	0.11	0.06	0.20	0.01	-0.23
EPS Growth	67.78%	-67.09%	2693.95%	-	-
Free Cash Flow	205.23	-151.83	-87.97	19.1	-107.54
Free Cash Flow Per Share	0.05	-0.04	-0.02	0.00	-0.03
Dividend Per Share	0.030	-	-	-	-
Gross Margin	15.47%	19.41%	20.41%	17.11%	17.01%
Operating Margin	-6.17%	0.64%	6.13%	1.86%	-13.07%
Profit Margin	62.76%	52.13%	164.88%	7.15%	-242.48%
Free Cash Flow Margin	27.85%	-28.72%	-17.32%	4.56%	-26.97%
EBITDA	-21.88	14.79	38.29	14.96	-44.16
EBITDA Margin	-2.97%	2.80%	7.54%	3.57%	-11.08%
D&A For EBITDA	23.59	11.41	7.16	7.15	7.96
EBIT	-45.47	3.37	31.13	7.81	-52.12
EBIT Margin	-6.17%	0.64%	6.13%	1.86%	-13.07%
Effective Tax Rate	9.04%	9.37%	-	-	-

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