Palms Sports PJSC (ADX:PALMS)

Palms Sports PJSC 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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	1,069	1,051	576.51	301.86	270.33	291.16
Revenue Growth (YoY)	42.41%	82.33%	90.98%	11.66%	-7.15%	-5.69%
Cost of Revenue	874.61	848.17	438.72	203.49	176.86	181.96
Gross Profit	194.47	202.94	137.78	98.37	93.47	109.2
Selling, General & Admin	42.42	45.99	26.45	18.22	11.61	29.71
Operating Expenses	59.91	64.05	24.75	16.92	13.44	29.71
Operating Income	134.56	138.89	113.04	81.45	80.03	79.49
Interest Expense	-15.54	-16.37	-4.69	-2.41	-0.99	-1.01
Interest & Investment Income	7.76	7.85	8.12	3.65	0.28	3.56
Earnings From Equity Investments	0.6	0.38	-0.48	-0.34	-	-
Other Non Operating Income (Expenses)	9.22	9.91	3.54	0.29	-	0.99
EBT Excluding Unusual Items	136.6	140.66	119.53	82.65	79.32	83.03
Gain (Loss) on Sale of Investments	-12.05	-19.13	-15.08	51.9	12.51	-
Other Unusual Items	-	-	0.67	-1.67	-	-
Pretax Income	124.55	121.53	105.11	132.88	91.84	83.03
Income Tax Expense	13.5	12.34	0.02	-	-	-
Earnings From Continuing Operations	111.04	109.18	105.09	132.88	91.84	83.03
Minority Interest in Earnings	0.47	0.43	0.24	0.37	-	-
Net Income	111.52	109.61	105.34	133.26	91.84	83.03
Net Income to Common	111.52	109.61	105.34	133.26	91.84	83.03
Net Income Growth	-0.80%	4.06%	-20.95%	45.10%	10.60%	8.25%
Shares Outstanding (Basic)	150	150	150	150	150	150
Shares Outstanding (Diluted)	150	150	150	150	150	150
Shares Change (YoY)	-	-	-	-	-	549.40%
EPS (Basic)	0.74	0.73	0.70	0.89	0.61	0.55
EPS (Diluted)	0.74	0.73	0.70	0.89	0.61	0.55
EPS Growth	-0.80%	4.06%	-20.95%	45.10%	10.60%	-83.33%
Free Cash Flow	83.25	77.56	142.56	72.27	108.98	5.83
Free Cash Flow Per Share	0.56	0.52	0.95	0.48	0.73	0.04
Dividend Per Share	0.333	0.333	0.667	-	-	-
Dividend Growth	-50.02%	-50.02%	-	-	-	-
Gross Margin	18.19%	19.31%	23.90%	32.59%	34.58%	37.51%
Operating Margin	12.59%	13.21%	19.61%	26.98%	29.61%	27.30%
Profit Margin	10.43%	10.43%	18.27%	44.15%	33.97%	28.52%
Free Cash Flow Margin	7.79%	7.38%	24.73%	23.94%	40.31%	2.00%
EBITDA	149.33	153.88	117.46	81.82	80.32	79.75
EBITDA Margin	13.97%	14.64%	20.38%	27.10%	29.71%	27.39%
D&A For EBITDA	14.77	15	4.43	0.36	0.29	0.26
EBIT	134.56	138.89	113.04	81.45	80.03	79.49
EBIT Margin	12.59%	13.21%	19.61%	26.98%	29.61%	27.30%
Effective Tax Rate	10.84%	10.16%	0.02%	-	-	-

Updated Jan 20, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.