National Central Cooling Company PJSC (DFM:TABREED)

DFM:TABREED 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	2,432	2,434	2,415	2,216	1,955	1,741
Revenue Growth (YoY)	0.48%	0.76%	8.99%	13.35%	12.31%	14.51%
Selling, General & Admin	285.23	287.05	272.45	245.17	246.55	218.99
Provision for Bad Debts	0.91	0.91	3.9	-8.83	1.1	5.58
Other Operating Expenses	1,354	1,353	1,333	1,178	1,084	886.09
Total Operating Expenses	1,640	1,641	1,610	1,414	1,332	1,111
Operating Income	791.83	793.08	805.74	801.9	623.18	630.06
Interest Expense	-202.14	-215.26	-264.62	-289.44	-257.71	-221.6
Interest Income	40.89	40.89	60.54	21.71	2.69	2.81
Net Interest Expense	-161.24	-174.37	-204.08	-267.74	-255.02	-218.79
Income (Loss) on Equity Investments	39.42	37.6	34.92	29.61	35.67	51.2
Other Non-Operating Income (Expenses)	-4.47	5.97	36.19	69.64	-120.78	-2.68
EBT Excluding Unusual Items	665.54	662.28	672.77	633.41	283.05	459.78
Gain (Loss) on Sale of Investments	-	-	49.15	-	251.01	-
Gain (Loss) on Sale of Assets	-	-	84.24	-	-	-
Other Unusual Items	-	-	-20.8	-	-	81.72
Pretax Income	665.54	662.28	785.35	633.41	534.06	541.51
Income Tax Expense	60.59	59.52	358.8	-	-	-
Earnings From Continuing Ops.	604.95	602.75	426.56	633.41	534.06	541.51
Earnings From Discontinued Ops.	-	-	-	-	76.68	31.96
Net Income to Company	604.95	602.75	426.56	633.41	610.75	573.47
Minority Interest in Earnings	-31.43	-32.53	4.58	-33.22	-25.59	-23.13
Net Income	573.52	570.22	431.14	600.19	585.16	550.34
Net Income to Common	573.52	570.22	431.14	600.19	585.16	550.34
Net Income Growth	86.87%	32.26%	-28.17%	2.57%	6.33%	16.48%
Shares Outstanding (Basic)	2,827	2,842	2,842	2,842	2,842	2,835
Shares Outstanding (Diluted)	2,827	2,842	2,842	2,842	2,842	2,835
Shares Change (YoY)	-0.82%	-	-	-	0.24%	-0.04%
EPS (Basic)	0.20	0.20	0.15	0.21	0.21	0.19
EPS (Diluted)	0.20	0.20	0.15	0.21	0.21	0.19
EPS Growth	88.41%	32.26%	-28.17%	2.57%	6.07%	16.53%
Free Cash Flow	967.3	972.29	1,105	1,171	1,128	522.98
Free Cash Flow Per Share	0.34	0.34	0.39	0.41	0.40	0.18
Dividend Per Share	0.155	0.155	0.155	0.135	0.059	0.055
Dividend Growth	-	-	14.82%	129.98%	6.73%	-45.27%
Profit Margin	23.59%	23.43%	17.85%	27.08%	29.93%	31.62%
Free Cash Flow Margin	39.78%	39.95%	45.73%	52.82%	57.68%	30.04%
EBITDA	1,115	1,108	1,118	1,098	872.94	830.71
EBITDA Margin	45.87%	45.52%	46.27%	49.54%	44.65%	47.72%
D&A For EBITDA	323.6	314.85	311.92	296	249.76	200.65
EBIT	791.83	793.08	805.74	801.9	623.18	630.06
EBIT Margin	32.56%	32.59%	33.36%	36.18%	31.87%	36.20%
Effective Tax Rate	9.10%	8.99%	45.69%	-	-	-

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