Al Ramz Corporation Investment and Development P.J.S.C. (DFM:ALRAMZ)

DFM:ALRAMZ Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest and Dividend Income	71.86	57.44	34.65	27	32.81
Total Interest Expense	25.72	11.18	5.26	4.94	6.04
Net Interest Income	46.14	46.26	29.39	22.06	26.77
Brokerage Commission	27.66	32.76	42.81	43.55	15.84
Underwriting & Investment Banking Fee	23.64	20.05	37.52	34.03	27.35
Gain on Sale of Investments (Rev)	2.43	19.61	-6.3	25.25	-31.01
Revenue Before Loan Losses	99.86	118.68	103.42	124.89	38.95
Provision for Loan Losses	0.35	0.16	0.37	3.94	7.16
Revenue	99.52	118.53	103.05	120.95	31.79
Revenue Growth (YoY)	-16.04%	15.02%	-14.80%	280.52%	-30.19%
Salaries & Employee Benefits	50.33	56.99	-	-	-
Cost of Services Provided	25.16	16.25	70.55	66.43	42.66
Total Operating Expenses	81.92	78.5	70.55	66.43	42.66
Operating Income	17.6	40.03	32.49	54.52	-10.87
Pretax Income	17.6	40.03	32.49	54.52	-10.87
Income Tax Expense	1.65	0.35	-	-	-
Net Income	15.95	39.67	32.49	54.52	-10.87
Net Income to Common	15.95	39.67	32.49	54.52	-10.87
Net Income Growth	-59.79%	22.10%	-40.40%	-	-
Shares Outstanding (Basic)	550	550	502	520	550
Shares Outstanding (Diluted)	550	550	502	520	550
Shares Change (YoY)	-	9.48%	-3.48%	-5.36%	-
EPS (Basic)	0.03	0.07	0.06	0.10	-0.02
EPS (Diluted)	0.03	0.07	0.06	0.10	-0.02
EPS Growth	-59.79%	11.52%	-38.25%	-	-
Free Cash Flow	-8.37	-153.82	-48.02	81.15	311.26
Free Cash Flow Per Share	-0.01	-0.28	-0.10	0.16	0.57
Dividend Per Share	-	0.060	0.060	0.060	-
Operating Margin	17.69%	33.77%	31.53%	45.07%	-34.20%
Profit Margin	16.03%	33.47%	31.53%	45.07%	-34.20%
Free Cash Flow Margin	-8.41%	-129.78%	-46.60%	67.09%	979.26%
Effective Tax Rate	9.37%	0.88%	-	-	-

Updated Nov 4, 2024. Source: S&P Global Market Intelligence. Capital Markets template. Financial Sources.