Consolidated Statement of Comprehensive Income

For the year ended December 31, 2025

(Figures in thousands of AED)

	Notes	2025	2024
Revenue	6	307,538	280,883
Direct costs	7	(129,153)	(110,045)
Gross profit		178,385	170,838
Other income		2,770	3,548
General, selling and administration expenses	8	(60,224)	(48,342)
(Provision for) / reversal of impairment losses on trade and other receivables, net	11, 14	(16,422)	11,616
Finance income	11, 14	4,781	635
Finance costs	9	(87,253)	(92,682)
Change in fair value of a derivative financial instrument	13	(8,302)	(12,303)
Profit before tax		13,735	33,310
Income tax expense	25	Nil	Nil
Profit for the year		13,735	33,310
Other comprehensive income		Nil	Nil
Total comprehensive income for the year		13,735	33,310
EARNINGS PER SHARE:
Basic (AED)	19	0.013	0.041
Diluted (AED)	19	0.012	0.041
ALTERNATIVE PERFORMANCE MEASURES:
Adjusted Earnings Before Interest, Tax, Depreciation, and Amortization (Adjusted EBITDA)	23	234,479	207,232

The accompanying notes from 1 to 29 form an integral part of these consolidated financial statements.