ADX:NCTH 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	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Revenue	1,181	698.56	669.2
Revenue Growth (YoY)	-	4.39%	-
Cost of Revenue	973.29	598.71	572.59
Gross Profit	207.61	99.84	96.62
Selling, General & Admin	64.72	15.59	16.23
Other Operating Expenses	-2.57	1.48	4.7
Operating Expenses	75.32	17.92	21.73
Operating Income	132.29	81.92	74.89
Interest Expense	-37.84	-29.57	-19.97
Interest & Investment Income	16.57	16.57	14.28
Earnings From Equity Investments	10.22	12.59	4.77
EBT Excluding Unusual Items	121.24	81.51	73.97
Gain (Loss) on Sale of Investments	0.14	-1.69	-6.74
Gain (Loss) on Sale of Assets	0.16	0.16	0.84
Pretax Income	300.06	79.98	68.08
Income Tax Expense	18.16	5.95	-
Net Income	281.9	74.03	68.08
Net Income to Common	281.9	74.03	68.08
Net Income Growth	-	8.74%	-
Shares Outstanding (Basic)	1,349	899	899
Shares Outstanding (Diluted)	1,349	899	899
EPS (Basic)	0.21	0.08	0.08
EPS (Diluted)	0.21	0.08	0.08
EPS Growth	-	8.74%	-
Free Cash Flow	397.44	118.97	11.17
Free Cash Flow Per Share	0.29	0.13	0.01
Gross Margin	17.58%	14.29%	14.44%
Operating Margin	11.20%	11.73%	11.19%
Profit Margin	23.87%	10.60%	10.17%
Free Cash Flow Margin	33.66%	17.03%	1.67%
EBITDA	220.39	120.37	103.06
EBITDA Margin	18.66%	17.23%	15.40%
D&A For EBITDA	88.1	38.44	28.18
EBIT	132.29	81.92	74.89
EBIT Margin	11.20%	11.73%	11.19%
Effective Tax Rate	6.05%	7.43%	-

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