Group Performance

Financial Highlights and Analysis

1,177^{Assets (in Billion AED)}

Assets grew 6.9 per cent reaching a record AED 1,176.8 Billion, supported by the much higher level of activity overall.

879
1,121
1,110
1,101
1,177

267^{Revenue(in Billion AED)}

Revenue reached a record AED 267.4 Billion, a 58 per cent increase compared to the prior year, with a significant surge in travel and tourism activities reflected in the Transportation and Other segments, and a jump in Oil & Gas revenues on much higher oil prices.

- 232
- 228
- 136
- 169
- 267

36.1^{Profit/(Loss) for the Year (in Billion AED)}

The Group reported a Net Profit of AED 36.1 Billion, its best ever performance. Overall, revenues grew faster than operational costs, boosting margins. Profitability improved across all segments. Transportation returned to profitability in an impressive turnaround, Oil & Gas increased its profit by 82 per cent, and the Other segment by 115 per cent buoyed by strong fundamentals in the real estate and hospitality sectors and record earnings from the aluminium production. Banking and Financial Services, the largest contributor this year, generated AED 15.3 Billion of Net Profit. The Net Profit attributable to the equity holder was a record AED 29.8 Billion

21
25
(15.5)
10.1
36.1

217^{Equity Attributable

to the Equity Holder(in Billion AED)}

Equity reached AED 268.7 Billion, a AED 30.3 Billion increase, boosted primarily by the current year’s Net Profit. Group’s share of Equity increased by13.6 per cent, rising to a new record of AED 216.5 Billion