Gulf Medical Projects Company (PJSC) (ADX:GMPC)

ADX:GMPC Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	711.55	677.34	569.64	503.83	486.83	487.26
Revenue Growth (YoY)	12.60%	18.91%	13.06%	3.49%	-0.09%	-8.79%
Cost of Revenue	519.71	490.71	425.95	386.47	358.76	360.27
Gross Profit	191.84	186.63	143.69	117.37	128.07	126.99
Selling, General & Admin	87.07	77.19	67.01	62.08	61.79	61.44
Other Operating Expenses	6.34	6.34	6.76	4.9	4.29	4.1
Operating Expenses	124.24	114.36	96.62	95.32	98.71	94.37
Operating Income	67.6	72.27	47.07	22.05	29.36	32.62
Interest Expense	-0.14	-0.15	-0.2	-0.23	-0.85	-2.1
Interest & Investment Income	19.37	19.37	14	12.77	7.13	6.47
Other Non Operating Income (Expenses)	25.18	7.8	5.56	4.7	5.07	7.87
EBT Excluding Unusual Items	112.01	99.29	66.43	39.3	40.72	44.86
Gain (Loss) on Sale of Investments	7.61	-2.84	2.66	4.01	6.59	1.58
Gain (Loss) on Sale of Assets	-0.39	-0.39	0.15	0.29	0.03	0.32
Asset Writedown	13.09	13.09	5.99	-0.07	-3.33	-5.4
Pretax Income	132.32	109.15	75.23	43.52	44.01	41.37
Income Tax Expense	10.21	9.1	-	-	-	-
Earnings From Continuing Operations	122.11	100.05	75.23	43.52	44.01	41.37
Net Income to Company	122.11	100.05	75.23	43.52	44.01	41.37
Minority Interest in Earnings	-23.38	-22.16	-15.42	-6.92	-8.43	-6.82
Net Income	98.73	77.89	59.81	36.6	35.58	34.55
Net Income to Common	98.73	77.89	59.81	36.6	35.58	34.55
Net Income Growth	43.13%	30.23%	63.40%	2.87%	2.97%	-46.80%
Shares Outstanding (Basic)	697	699	699	699	699	699
Shares Outstanding (Diluted)	697	699	699	699	699	699
EPS (Basic)	0.14	0.11	0.09	0.05	0.05	0.05
EPS (Diluted)	0.14	0.11	0.09	0.05	0.05	0.05
EPS Growth	44.02%	30.23%	63.40%	2.87%	2.98%	-46.80%
Free Cash Flow	123.96	66.27	73.29	63.81	124.39	58.32
Free Cash Flow Per Share	0.18	0.10	0.10	0.09	0.18	0.08
Dividend Per Share	0.150	0.150	0.100	0.100	0.100	0.100
Dividend Growth	50.00%	50.00%	-	-	-	-
Gross Margin	26.96%	27.55%	25.22%	23.29%	26.31%	26.06%
Operating Margin	9.50%	10.67%	8.26%	4.38%	6.03%	6.69%
Profit Margin	13.88%	11.50%	10.50%	7.27%	7.31%	7.09%
Free Cash Flow Margin	17.42%	9.78%	12.87%	12.67%	25.55%	11.97%
EBITDA	94.17	97.95	71.55	46.33	54.04	59.81
EBITDA Margin	13.23%	14.46%	12.56%	9.20%	11.10%	12.27%
D&A For EBITDA	26.57	25.68	24.48	24.28	24.68	27.19
EBIT	67.6	72.27	47.07	22.05	29.36	32.62
EBIT Margin	9.50%	10.67%	8.26%	4.38%	6.03%	6.69%
Effective Tax Rate	7.72%	8.34%	-	-	-	-
Advertising Expenses	-	4.91	2.23	1.81	4.86	2.79

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