Abu Dhabi Aviation Co. 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
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Revenue	7,581	7,116	6,722
Revenue Growth (YoY)	8.15%	5.86%	-
Cost of Revenue	6,060	6,193	6,341
Gross Profit	1,521	922.39	380.31
Selling, General & Admin	635.35	529.82	401.11
Operating Expenses	683.3	428.58	640.83
Operating Income	837.79	493.82	-260.53
Interest Expense	-62.31	-55.11	-33.11
Interest & Investment Income	144.19	97.37	76.7
Earnings From Equity Investments	98.58	68.9	-
Currency Exchange Gain (Loss)	1.16	1.16	-
Other Non Operating Income (Expenses)	16.19	77.52	44.82
EBT Excluding Unusual Items	1,036	683.66	-172.11
Gain (Loss) on Sale of Investments	45.44	43.49	-
Gain (Loss) on Sale of Assets	3.85	3.85	-
Asset Writedown	58.99	3.35	-0.08
Other Unusual Items	22.22	619.06	-0.09
Pretax Income	1,166	1,353	-172.28
Income Tax Expense	96.28	61.46	-
Earnings From Continuing Operations	1,070	1,292	-172.28
Minority Interest in Earnings	-277.61	-161.72	-
Net Income	792.2	1,130	-172.28
Net Income to Common	792.2	1,130	-172.28
Shares Outstanding (Basic)	1,097	950	652
Shares Outstanding (Diluted)	1,097	950	652
Shares Change (YoY)	30.87%	45.67%	-
EPS (Basic)	0.72	1.19	-0.26
EPS (Diluted)	0.72	1.19	-0.26
Free Cash Flow	769.92	1,813	-461
Free Cash Flow Per Share	0.70	1.91	-0.71
Dividend Per Share	0.300	0.300	-
Gross Margin	20.06%	12.96%	5.66%
Operating Margin	11.05%	6.94%	-3.88%
Profit Margin	10.45%	15.88%	-2.56%
Free Cash Flow Margin	10.15%	25.48%	-6.86%
EBITDA	926.36	561.13	-222.42
EBITDA Margin	12.22%	7.89%	-3.31%
D&A For EBITDA	88.57	67.32	38.11
EBIT	837.79	493.82	-260.53
EBIT Margin	11.05%	6.94%	-3.88%
Effective Tax Rate	8.26%	4.54%	-

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.