NATIONAL CORPORATION FOR TOURISM AND HOTELS

Income Statement National Corporation for Tourism and Hotels

Stocks

NCTH

AEN001001017

Hotels, Motels & Cruise Lines

Market Closed - Abu Dhabi Securities Exchange 06:55:00 2026-10-02 EDT			5-day change	1st Jan Change
1.440 ^AED	0.00%		-0.69%	-24.21%

07-28	National Corp. for Tourism and Hotels' H1 Profit Slips; Revenue Rises	MT
07-28	National Corporation for Tourism and Hotels Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2026	CI

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Published financial data: NATIONAL CORPORATION FOR TOURISM AND HOTELS

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2024 (AED)	2025 (AED)
Revenues	1.14B	2.18B
Total Revenues	1.14B	2.18B
Cost of Goods Sold, Total	685M	1.36B
Gross Profit	459M	822M
Selling General & Admin Expenses, Total	269M	437M
Depreciation & Amortization - (IS)	762K	2.75M
Amortization of Goodwill and Intangible Assets - (IS)	438K	24.26M
Other Operating Expenses, Total	270M	464M
Operating Income	190M	358M
Interest Expense, Total	-23.33M	-48.48M
Interest And Investment Income	10.3M	25.04M
Net Interest Expenses	-13.03M	-23.44M
Income (Loss) On Equity Invest.	-	4.12M
Other Non Operating Income (Expenses)	-6.09M	7.13M
EBT, Excl. Unusual Items	171M	346M
Gain (Loss) On Sale Of Investments	7.21M	1.11M
Other Unusual Items	-	97.01M
EBT, Incl. Unusual Items	178M	444M
Income Tax Expense	20.85M	42.82M
Earnings From Continuing Operations	157M	401M
Net Income to Company	157M	401M
Net Income - (IS)	157M	401M
Net Income to Common Incl Extra Items	157M	401M
Net Income to Common Excl. Extra Items	157M	401M
Per Share Items
Net EPS - Basic	0.12	0.18
Basic EPS - Continuing Operations	0.12	0.18
Basic Weighted Average Shares Outstanding	1.28B	2.18B
Net EPS - Diluted	0.12	0.18
Diluted EPS - Continuing Operations	0.12	0.18
Diluted Weighted Average Shares Outstanding	1.28B	2.18B
Normalized Basic EPS	0.08	0.1
Normalized Diluted EPS	0.08	0.1
Dividend Per Share	-	0.02
Supplemental Items
EBITDA	254M	482M
EBITA	190M	382M
EBIT	190M	358M
EBITDAR	260M	502M
Effective Tax Rate - (Ratio)	11.72	9.65
Total Current Taxes	21.7M	43.52M
Total Deferred Taxes	-852K	-695K
Normalized Net Income	107M	216M
Interest on Long-Term Debt	2.66M	2.63M
Non-Cash Pension Expense	7.96M	18.54M
Supplemental Operating Expense Items
Selling and Marketing Expenses	20.62M	38.35M
General and Administrative Expenses	46.99M	61.05M
Net Rental Expense, Total	6.35M	19.24M
Imputed Operating Lease Interest Expense	-	7.76M
Imputed Operating Lease Depreciation	-	11.48M
Maintenance & Repair Expenses, Total	25.66M	40.79M

Fiscal Period: December	2024 (AED)	2025 (AED)
Assets
Cash And Equivalents	340M	806M
Short Term Investments	55.83M	63.51M
Trading Asset Securities, Total	14.2M	37.99M
Total Cash And Short Term Investments	410M	907M
Accounts Receivable, Total	214M	411M
Other Receivables	49.54M	59.18M
Total Receivables	263M	470M
Inventory	24.87M	49.28M
Prepaid Expenses	55.15M	153M
Total Current Assets	753M	1.58B
Gross Property Plant And Equipment	2.42B	5.6B
Accumulated Depreciation	-677M	-1.64B
Net Property Plant And Equipment	1.74B	3.96B
Long-term Investments	-	295M
Goodwill	452M	452M
Other Intangibles, Total	1.52M	143M
Deferred Tax Assets Long-Term	10.67M	9.22M
Other Long-Term Assets, Total	309M	303M
Total Assets	3.27B	6.74B
Liabilities
Accounts Payable, Total	251M	185M
Accrued Expenses, Total	49.02M	322M
Short-term Borrowings	71.6M	25.93M
Current Portion of Long-Term Debt	288M	87.63M
Current Portion of Leases	3.13M	3.46M
Current Income Taxes Payable	18.42M	39.11M
Unearned Revenue Current, Total	88.31M	150M
Other Current Liabilities	57K	48.5M
Total Current Liabilities	769M	861M
Long-Term Debt	615M	658M
Long-Term Leases	42.56M	127M
Pension & Other Post Retirement Benefits	21.6M	62.03M
Deferred Tax Liability Non Current	-	12.76M
Total Liabilities	1.45B	1.72B
Common Stock, Total	474M	2.18B
Additional Paid In Capital	-	1.98B
Retained Earnings	358M	1.19B
Comprehensive Income and Other	986M	-328M
Total Common Equity	1.82B	5.02B
Total Equity	1.82B	5.02B
Total Liabilities And Equity	3.27B	6.74B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	1.28B	2.18B
ECS Total Common Shares Outstanding	1.28B	2.18B
Book Value / Share	1.42	2.31
Tangible Book Value	1.37B	4.42B
Tangible Book Value Per Share	1.07	2.03
Total Debt	1.02B	903M
Net Debt	610M	-4.77M
Debt Equivalent Oper. Leases	50.81M	154M
Equity Method Investments, Total	-	295M
Account Code - Inventory Valuation	-	6
Inventories - Finished Goods, Total	11.84M	30.65M
Inventories - Others	13.05M	18.66M
Land - (BS)	225M	1.39B
Buildings, Total	1.25B	2.3B
Machinery, Total	492M	1.19B
Accumulated Allowance for Doubtful Accounts (Supple)	3.9M	12.29M

Fiscal Period: December	2024 (AED)	2025 (AED)
Net Income	157M	401M
Depreciation & Amortization - CF	67.52M	105M
Amortization of Goodwill and Intangible Assets - (CF)	-	23.79M
Depreciation & Amortization, Total	67.52M	129M
Amortization of Deferred Charges, Total - (CF)	544K	666K
(Gain) Loss From Sale Of Asset	-175K	-416K
(Gain) Loss on Sale of Investments - (CF)	-7.21M	-1.11M
(Income) Loss On Equity Investments - (CF)	-	-4.12M
Provision and Write-off of Bad Debts	1.22M	1.33M
Other Operating Activities, Total	41.94M	-54.52M
Change In Accounts Receivable	7.26M	-119M
Change In Inventories	-6.68M	-3.32M
Change In Accounts Payable	50.49M	-19.99M
Change in Unearned Revenues	3.9M	61.34M
Change in Other Net Operating Assets	-89.09M	76.57M
Cash from Operations	227M	467M
Capital Expenditure	-319M	-276M
Sale of Property, Plant, and Equipment	267K	421K
Cash Acquisitions	-	167M
Sale (Purchase) of Intangible assets	-558K	-135K
Investment in Marketable and Equity Securities, Total	28.52M	85.7M
Other Investing Activities, Total	10.3M	22.45M
Cash from Investing	-280M	-889K
Long-Term Debt Issued, Total	121M	319M
Total Debt Issued	121M	319M
Long-Term Debt Repaid, Total	-39.46M	-463M
Total Debt Repaid	-39.46M	-463M
Other Financing Activities, Total	-13.92M	-45.74M
Cash from Financing	67.81M	-190M
Foreign Exchange Rate Adjustments	397K	-
Miscellaneous Cash Flow Adjustments	-9.83M	-
Net Change in Cash	4.97M	276M
Supplemental Items
Cash Interest Paid	13.96M	45.24M
Cash Income Tax Paid (Refund)	6.88M	28.77M
Levered Free Cash Flow	-	54.59M
Unlevered Free Cash Flow	-	84.89M
Change In Net Working Capital	-	-7.59M
Net Debt Issued / Repaid	81.73M	-144M

Fiscal Period: December	2024 (AED)	2025 (AED)
Profitability
Return on Assets	-	4.47
Return on Total Capital	-	5.11
Return On Equity %	-	11.73
Return on Common Equity	-	11.73
Margin Analysis
Gross Profit Margin %	40.14	37.67
SG&A Margin	23.46	20.03
EBITDA Margin %	22.18	22.11
EBITA Margin %	16.57	17.49
EBIT Margin %	16.57	16.4
Income From Continuing Operations Margin %	13.71	18.37
Net Income Margin %	13.71	18.37
Net Avail. For Common Margin %	13.71	18.37
Normalized Net Income Margin	9.31	9.9
Levered Free Cash Flow Margin	-	2.5
Unlevered Free Cash Flow Margin	-	3.89
Asset Turnover
Asset Turnover	-	0.44
Fixed Assets Turnover	-	0.77
Receivables Turnover (Average Receivables)	-	6.98
Inventory Turnover (Average Inventory)	-	36.7
Short Term Liquidity
Current Ratio	0.98	1.84
Quick Ratio	0.88	1.6
Operating Cash Flow to Current Liabilities	0.29	0.54
Days Sales Outstanding (Average Receivables)	-	52.26
Days Outstanding Inventory (Average Inventory)	-	9.95
Average Days Payable Outstanding	-	57.38
Cash Conversion Cycle (Average Days)	-	4.83
Long Term Solvency
Total Debt/Equity	56.11	17.99
Total Debt / Total Capital	35.94	15.25
LT Debt/Equity	36.17	15.66
Long-Term Debt / Total Capital	23.17	13.27
Total Liabilities / Total Assets	44.34	25.54
EBIT / Interest Expense	8.13	7.38
EBITDA / Interest Expense	11.03	10.04
(EBITDA - Capex) / Interest Expense	-2.63	4.35
Total Debt / EBITDA	3.97	1.85
Net Debt / EBITDA	2.37	-0.01
Total Debt / (EBITDA - Capex)	-16.62	4.28
Net Debt / (EBITDA - Capex)	-9.94	-0.02
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-	90.65
Gross Profit, 1 Yr. Growth %	-	78.93
EBITDA, 1 Yr. Growth %	-	90.03
EBITA, 1 Yr. Growth %	-	101.18
EBIT, 1 Yr. Growth %	-	88.64
Earnings From Cont. Operations, 1 Yr. Growth %	-	155.47
Net Income, 1 Yr. Growth %	-	155.47
Normalized Net Income, 1 Yr. Growth %	-	102.63
Diluted EPS Before Extra, 1 Yr. Growth %	-	49.96
Accounts Receivable, 1 Yr. Growth %	-	92.34
Inventory, 1 Yr. Growth %	-	98.17
Net Property, Plant and Equip., 1 Yr. Growth %	-	127.44
Total Assets, 1 Yr. Growth %	-	106.32
Tangible Book Value, 1 Yr. Growth %	-	224.1
Common Equity, 1 Yr. Growth %	-	176.01
Cash From Operations, 1 Yr. Growth %	-	106.06
Capital Expenditures, 1 Yr. Growth %	-	-13.42